4 4 Prosper 2020 Limited 13068608 false 2024-01-01 2024-12-31 2024-12-31 The principal activity of the company is receipt of land fees from wind turbines on the company's property. Digita Accounts Production Advanced 6.30.9574.0 true 13068608 2024-01-01 2024-12-31 13068608 2024-12-31 13068608 core:CurrentFinancialInstruments 2024-12-31 13068608 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 13068608 bus:SmallEntities 2024-01-01 2024-12-31 13068608 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 13068608 bus:FullAccounts 2024-01-01 2024-12-31 13068608 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 13068608 bus:RegisteredOffice 2024-01-01 2024-12-31 13068608 bus:Director1 2024-01-01 2024-12-31 13068608 bus:Director2 2024-01-01 2024-12-31 13068608 bus:Director3 2024-01-01 2024-12-31 13068608 bus:Director4 2024-01-01 2024-12-31 13068608 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 13068608 bus:Agent1 2024-01-01 2024-12-31 13068608 countries:EnglandWales 2024-01-01 2024-12-31 13068608 2023-12-31 13068608 2023-01-01 2023-12-31 13068608 2023-12-31 13068608 core:CurrentFinancialInstruments 2023-12-31 13068608 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 xbrli:pure iso4217:GBP

Registration number: 13068608

Prosper 2020 Limited
Annual Report and Unaudited Financial Statements
for the Year Ended 31 December 2024

Prosper 2020 Limited

Contents

Company Information | 1
Profit and Loss Account and Statement of Retained Earnings | 2
Balance Sheet | 3
Notes to the Unaudited Financial Statements | 4 to 6

Prosper 2020 Limited

Company Information

Directors | Mr P F Davis Mr. P J Davis Mr R B C Davis Mrs S J Teague

Registered office | Neuadd Ddu Llangurig Llanidloes Powys SY18 6RX

Bankers | Starling Bank 3rd Floor 2 Finsbury Avenue London EC2M 2PP

Accountants | W J James & Co Chartered AccountantsBishop House 10 Wheat Street Brecon Powys LD3 7DG

Prosper 2020 Limited

Profit and Loss Account and Statement of Retained Earnings for the Year Ended 31 December 2024

| Note | 2024 £ | 2023 £
Turnover |  | 441,551 | 224,520
Administrative expenses |  | (152,511) | (11,608)
Operating profit |  | 289,040 | 212,912
Other interest receivable and similar income |  | 6,496 | -
|  | 6,496 | -
Profit before tax |  | 295,536 | 212,912
Taxation |  | (77,868) | (52,353)
Profit for the financial year |  | 217,668 | 160,559
Retained earnings brought forward |  | 301,815 | 141,255
Retained earnings carried forward |  | 519,483 | 301,814

Prosper 2020 Limited

(Registration number: 13068608)
Balance Sheet as at 31 December 2024

| Note | 2024 £ | 2023 £
Fixed assets |  |  |
Investment property | 4 | 460,928 | 460,928
Current assets |  |  |
Debtors | 5 | 34,116 | 42,143
Cash at bank and in hand |  | 511,983 | 290,206
|  | 546,099 | 332,349
Creditors: Amounts falling due within one year | 6 | (487,540) | (491,459)
Net current assets/(liabilities) |  | 58,559 | (159,110)
Net assets |  | 519,487 | 301,818
Capital and reserves |  |  |
Called up share capital |  | 4 | 4
Retained earnings |  | 519,483 | 301,814
Shareholders' funds |  | 519,487 | 301,818

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 18 September 2025 and signed on its behalf by:

......................................... Mr R B C Davis Director

Prosper 2020 Limited

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

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Neuadd Ddu
Llangurig
Llanidloes
Powys
SY18 6RX

These financial statements were authorised for issue by the Board on 18 September 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are presented in pounds sterling, which is the functional currency of the company, and rounded to the nearest £1.

Revenue recognition

Land fees are calculated on a monthly basis, and revenue is recognised in accordance with the fees due in the accounting period.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Prosper 2020 Limited

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

Trade debtors

Trade debtors consist of land fees calculated to the end of the end of the accounting period but not yet received by the company.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash received .

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2023 - 4).

4 | Investment properties

| 2024 £
At 1 January | 460,928
At 31 December | 460,928

There has been no valuation of investment property by an independent valuer.

5 | Debtors

Current | 2024 £ | 2023 £
Trade debtors | 34,116 | 42,143
| 34,116 | 42,143

Prosper 2020 Limited

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

6 | Creditors

Creditors: amounts falling due within one year

| 2024 £ | 2023 £
Due within one year |  |
Taxation and social security | 77,971 | 52,353
Accruals and deferred income | 1,160 | 696
Other creditors | 408,409 | 438,410
| 487,540 | 491,459