Prometheus Property Holdings Ltd

	Page
Abridged Balance Sheet	1—2
Notes to the Abridged Financial Statements	3—5

Registered number: 13026008

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		435,000		435,000

			435,000		435,000
CURRENT ASSETS
Debtors		2,909		3,040
Cash at bank and in hand		3,984		3,646

		6,893		6,686
Creditors: Amounts Falling Due Within One Year		(121,240 )		(122,178 )

NET CURRENT ASSETS (LIABILITIES)			(114,347 )		(115,492 )

TOTAL ASSETS LESS CURRENT LIABILITIES			320,653		319,508

Creditors: Amounts Falling Due After More Than One Year	5		(254,298 )		(251,853 )

PROVISIONS FOR LIABILITIES
Deferred Taxation	7		(14,730 )		(14,730 )

NET ASSETS			51,625		52,925

CAPITAL AND RESERVES
Called up share capital	8		2		2
Fair value reserve	9		46,356		46,356
Profit and Loss Account			5,267		6,567

SHAREHOLDERS' FUNDS			51,625		52,925

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Prometheus Property Holdings Ltd

Abridged Balance Sheet (continued)

As At 31 July 2025

For the year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 July 2025 in accordance with section 444(2A) of the Companies Act 2006.

On behalf of the board

Mr Raymond Eamer Director	Mr Luke Mcleod Director
11/09/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Prometheus Property Holdings Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13026008 . The registered office is Units 1-2 Warrior Court, 9-11 Mumby Road, Gosport, Hampshire, PO12 1BS.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Significant judgements and estimations

In preparing these financial statements, the directors have made judgements and estimates that have a significant impact on the carrying value of investment properties. The fair value of investment properties has been determined based on the directors’ assessment of market conditions, supported by available data on recent transactions involving comparable properties in the local area.

This valuation involves judgement in interpreting market evidence and estimating the impact of factors such as location, property condition, and prevailing economic conditions. While the directors believe the estimates used are reasonable and reflective of current market values, actual results may differ from these estimates.

2.3. Turnover

All turnover represents revenue earned from rental income.

2.4. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

2.5. Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

...CONTINUED

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Prometheus Property Holdings Ltd

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 July 2025

2.5. Taxation - continued

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. Average Number of Employees

The average number of persons employed under contracts of service during the year was: NIL (2024: NIL)

4. Tangible Assets

	Total
	£
Cost or Valuation
As at 1 August 2024	435,000

As at 31 July 2025	435,000

Net Book Value
As at 31 July 2025	435,000

As at 1 August 2024	435,000

The directors have assessed the market conditions and determined that there has been no material change in the fair value of investment properties during the reporting period. This conclusion is supported by market evidence, including the sale prices of comparable properties in the local area. Accordingly, no adjustment to fair value has been recognised.

Cost or valuation as at 31 July 2025 represented by:

	Investment Properties
	£
At cost	373,913
At valuation	61,087

	435,000

5. Creditors: amounts falling due after five years

Of the creditors falling due after more than one year the following amounts are due after more than five years.

	2025		2024
	£		£
Bank loans	184,957		185,365

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Prometheus Property Holdings Ltd

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 July 2025

6. Secured Creditors

Of the creditors falling due within and after more than one year the following amounts are secured against investment properties.

	2025		2024
	£		£
Bank loans and overdrafts	271,659		271,667

7. Deferred Taxation

The provision for deferred tax is made up as follows:

	2025	2024
	£	£
Other timing differences	14,730	14,730

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	2	2

9. Reserves

	Fair Value Reserve
	£
As at 1 August 2024	46,356

As at 31 July 2025	46,356

10. Related Party Transactions

Good Move Finance Ltd

Company controlled by the directors

Loan of £60,483. This loan is unsecured, interest free and repayable on demand.

£70,000 was owed to Good Move Finance Ltd by the company at 1 August 2024. £10,000 (2024: £Nil) was repaid during the year, and £483 (2024: £Nil) was advanced, leaving a balance of £60,483 owed to Good Move Finance Ltd as at 31 July 2025.

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