REGISTERED NUMBER: 02783810 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

PROWESS LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J J Cutmore-Scott

R M Cutmore-Scott

S M Cutmore Scott

SECRETARY:

R M Cutmore-Scott

REGISTERED OFFICE:

11 Castle Hill

Maidenhead

Berkshire

SL6 4AA

REGISTERED NUMBER:

02783810 (England and Wales)

ACCOUNTANTS:

Knight & Company Ltd

11 Castle Hill

Maidenhead

Berkshire

SL6 4AA

FIXED ASSETS

Tangible assets

4

8,980,981

9,051,834

CURRENT ASSETS

Stocks

55,267

18,304

Debtors

5

2,479,312

2,454,814

Cash in hand

(3,773

)

1,022

2,530,806

2,474,140

CREDITORS

Amounts falling due within one year

3,342,927

3,483,379

NET CURRENT LIABILITIES

(812,121

)

(1,009,239

)

TOTAL ASSETS LESS CURRENT LIABILITIES

8,168,860

8,042,595

CREDITORS

Amounts falling due after more than one year

6

(3,927,499

)

(3,273,313

)

PROVISIONS FOR LIABILITIES

(69,363

)

(71,581

)

NET ASSETS

4,171,998

4,697,701

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

4,171,996

4,697,699

SHAREHOLDERS' FUNDS

4,171,998

4,697,701

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 directors acknowledge their 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.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 Board of Directors and authorised for issue on 24 September 2025 and were signed on its behalf by:

R M Cutmore-Scott - Director

J J Cutmore-Scott - Director

1.	STATUTORY INFORMATION

Prowess 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax. Revenue is recognised in accordance with the terms of the contract with the customer.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

Straight line over 50 years

Plant and machinery etc

-

15% on reducing balance

Land included in Land and Buildings, is not depreciated as part of the annual charge as the land value is not considered to fall in value.

There has been no impairment review of the buildings included in the financial statements, as the buildings are maintained with a continuous program of repairs.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Net realisable value is based on selling price less anticipated costs to completion plus selling costs.

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.

Deferred tax

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

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 39 (2023 - 100 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2024

9,804,740

Additions

21,123

At 31 December 2024

9,825,863

DEPRECIATION

At 1 January 2024

752,906

Charge for year

91,976

At 31 December 2024

844,882

NET BOOK VALUE

At 31 December 2024

8,980,981

At 31 December 2023

9,051,834

5.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/12/24

31/12/23

£

£

Amounts owed by group undertakings

2,470,562

2,151,170

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

31/12/24

31/12/23

£

£

Repayable by instalments

Bank loans more 5 yr by instal

3,288,827

1,127,989

7.	SECURED DEBTS

The following secured debts are included within creditors:

31/12/24

31/12/23

£

£

Bank loans

3,637,727

3,707,506

There is a charge on the company dated 17th September 2019 in the name of HSBC Holdings PLC over the property and land know as Cain Manor, Alpine Lodge and Cain Farm (all on the Land of Nod) and all other assets of the company.

8.	RELATED PARTY DISCLOSURES