IRIS Accounts Production v25.2.0.378 10919706 director 1.1.24 31.12.24 31.12.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh109197062023-12-31109197062024-12-31109197062024-01-012024-12-31109197062022-12-31109197062023-01-012023-12-31109197062023-12-3110919706ns15:EnglandWales2024-01-012024-12-3110919706ns14:PoundSterling2024-01-012024-12-3110919706ns10:Director12024-01-012024-12-3110919706ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3110919706ns10:SmallEntities2024-01-012024-12-3110919706ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-3110919706ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3110919706ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3110919706ns10:FullAccounts2024-01-012024-12-3110919706ns10:RegisteredOffice2024-01-012024-12-3110919706ns5:CurrentFinancialInstruments2024-12-3110919706ns5:CurrentFinancialInstruments2023-12-3110919706ns5:ShareCapital2024-12-3110919706ns5:ShareCapital2023-12-3110919706ns5:RetainedEarningsAccumulatedLosses2024-12-3110919706ns5:RetainedEarningsAccumulatedLosses2023-12-3110919706ns5:CostValuation2023-12-3110919706ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3110919706ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-31
REGISTERED NUMBER: 10919706 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

PROSPERITY WEALTH GROUP LIMITED

PROSPERITY WEALTH GROUP LIMITED (REGISTERED NUMBER: 10919706)

Contents of the Financial Statements
for the Year Ended 31 December 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PROSPERITY WEALTH GROUP LIMITED

Company Information
for the Year Ended 31 December 2024







DIRECTOR: J E Billingham





REGISTERED OFFICE: JQ1
32 George Street
Birmingham
B3 1QG





REGISTERED NUMBER: 10919706 (England and Wales)





ACCOUNTANTS: BTMR Limited
Century Buildings
14 St Mary's Parsonage
Manchester
M3 2DF

PROSPERITY WEALTH GROUP LIMITED (REGISTERED NUMBER: 10919706)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Investments 4 5 5

CURRENT ASSETS
Debtors 5 113,381 54,854
Cash in hand 1 1
113,382 54,855
CREDITORS
Amounts falling due within one year 6 78,312 47,631
NET CURRENT ASSETS 35,070 7,224
TOTAL ASSETS LESS CURRENT
LIABILITIES

35,075

7,229

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 35,074 7,228
35,075 7,229

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 August 2025 and were signed by:





J E Billingham - Director


PROSPERITY WEALTH GROUP LIMITED (REGISTERED NUMBER: 10919706)

Notes to the Financial Statements
for the Year Ended 31 December 2024


1. STATUTORY INFORMATION

Prosperity Wealth Group Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
At 1 January 2024
and 31 December 2024 5
NET BOOK VALUE
At 31 December 2024 5
At 31 December 2023 5

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Amounts owed by group undertakings 113,327 54,803
Other debtors 54 51
113,381 54,854

PROSPERITY WEALTH GROUP LIMITED (REGISTERED NUMBER: 10919706)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors - 5,329
Amounts owed to group undertakings 2 2
Amounts owed to associates 69,221 37,458
Other creditors 9,089 4,842
78,312 47,631

7. SECURED DEBTS

This company has granted a fixed charge over land and other fixed assets together with a floating charge over all other assets in favour of Barclays Bank plc in relation to monies owed to them by Prosperity Wealth Secured Loan Note Limited, Churchgate Commercial Holdings Limited, Churchgate Investments (UK) Limited, Prosperity Living Limited (previously PDC Prosperity Investments (UK) Limited) and itself. Mr J Billingham is a director in all of the aforementioned companies and owns the voting share capital in each company directly or by way of owning the shares in the holding company.

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J E Billingham.