Company registration number: 13573257
Unaudited financial statements
for the year ended 31 December 2024
for
Bound To Prosper Ltd
Pages for filing with the Registrar
Company registration number: 13573257
Bound To Prosper Ltd
Balance sheet
as at 31 December 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 4 3,688 -
3,688 -
Current assets
Debtors 72,926 40,975
Cash at bank and in hand 11,938 26,878
84,864 67,853
Creditors: amounts falling due within one
year 		(28,876) (50,462)
Net current assets 55,988 17,391
Total assets less current liabilities 59,676 17,391
Creditors: Amounts falling due after more
than one year 		(59,038) (123,013)
NET ASSETS/(LIABILITIES) 638 (105,622)
Capital and reserves
Called up share capital 100 100
Profit and loss account 538 (105,722)
TOTAL EQUITY 638 (105,622)
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 December 2024.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 13573257
Bound To Prosper Ltd
Balance sheet - continued
as at 31 December 2024
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 Profit and loss account has not been delivered to the Registrar.
Signed by:
Mrs L HOYE, Director
10 September 2025
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Bound To Prosper Ltd
Notes to the financial statements
for the year ended 31 December 2024
1 Company information
Bound To Prosper Ltd is a private company registered in England and Wales. Its registered number is 13573257. The company is limited by shares. Its registered office is 89-90 3rd Floor, Paul Street, London, EC2A 4NE.
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 historic cost convention.
Presentation currency
The company's financial statements are presented in sterling.
Going concern
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Straight line basis - 2.78% reducing balance
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Bound To Prosper Ltd
Notes to the financial statements - continued
for the year ended 31 December 2024
2 Accounting policies - continued
Financial instruments
Financial instruments
A financial asset or a financial liability is recognised
only when the company becomes a party to
the contractual provisions of the instrument.
Basic financial instruments are initially recognised at
the transaction price, unless the arrangement
constitutes a financing transaction, where it is
recognised at the present value of the
future payments discounted at a market rate of
interest for a similar debt instrument.
Debt instruments are subsequently measured at
amortised cost.
Where investments in non-convertible preference
shares and non-puttable ordinary shares or
preference shares are publicly traded, or their fair
value can otherwise be measured reliably, the
investment is subsequently measured at fair value
with changes in fair value recognised in profit or loss. All other such investments are subsequently
measured at cost less impairment.
Other financial instruments, including derivatives, are initially recognised at fair value, unless
payment for an asset is deferred beyond normal
business terms or financed at a rate of interest
that is not a market rate, in which case the asset is
measured at the present value of the future
payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently
measured at fair value, with any changes
recognised in profit or loss, with the exception of
hedging instruments in a designated hedging
relationship.
Financial assets that are measured at cost or
amortised cost are reviewed for objective evidence
of impairment at the end of each reporting date.
If there is objective evidence of impairment, an
impairment loss is recognised in profit or loss
immediately.
For all equity instruments regardless of significance,
and other financial assets that are
individually significant, these are assessed
individually for impairment. Other financial assets are
either assessed individually or grouped on the basis
of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the
reversal does not result in a carrying amount of the
financial asset that exceeds what the carrying
amount would have been had the impairment not
previously been recognised.
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Bound To Prosper Ltd
Notes to the financial statements - continued
for the year ended 31 December 2024
2 Accounting policies - continued
Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 3 (2023 - 2).
4 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
Additions 3,748
At 31 December 2024 3,748
Depreciation
Charge for year 60
At 31 December 2024 60
Net book value
At 31 December 2024 3,688
At 31 December 2023 -
Cost or valuation at 31 December 2024 is represented by:
Plant and
machinery
etc.
£
Valuation in 2024 -
Cost 3,748
3,748
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Bound To Prosper Ltd
Notes to the financial statements - continued
for the year ended 31 December 2024
4 Tangible fixed assets - continued
If Computer Equipement had not been revalued, it would have been included at the following historical cost:
2024 2023
£ £
Cost 3,748 -
Accumulated depreciation 60 -
5 Related party transactions
Related party transactions

The company is under the control of businesses
owned by the Directors and PSC: Mr Tilo Bonow and Mr Micheal Young
Included in creditors due within one year are
amounts loaned by the shareholders on an open
market basis on commercial terms of £59,038.33.
The loans are repayable
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