REGISTERED NUMBER: 09439175 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 February 2025

for

Prism Property Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr I M Waldren

REGISTERED OFFICE:

Trade Fair House

2 West Court

Enterprise Road

Maidstone

Kent

ME15 6JD

REGISTERED NUMBER:

09439175 (England and Wales)

ACCOUNTANTS:

Accsys Accountants Limited

Chartered Accountants

Trade Fair House

2 West Court

Enterprise Road

Maidstone

Kent

ME15 6JD

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

6,908

9,236

6,908

9,236

CURRENT ASSETS

Debtors

6

11,968

5,071

Cash at bank

16,761

7,291

28,729

12,362

CREDITORS

Amounts falling due within one year

7

35,270

21,033

NET CURRENT LIABILITIES

(6,541

)

(8,671

)

TOTAL ASSETS LESS CURRENT LIABILITIES

367

565

CREDITORS

Amounts falling due after more than one year

8

308

505

NET ASSETS

59

60

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

49

50

59

60

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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 10 October 2025 and were signed by:

Mr I M Waldren - Director

1.	STATUTORY INFORMATION

Prism Property 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of the business in 2016, has been fully amortised over its estimated life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

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 2 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 March 2024

and 28 February 2025

10,000

AMORTISATION

At 1 March 2024

and 28 February 2025

10,000

NET BOOK VALUE

At 28 February 2025

-

At 29 February 2024

-

5.	TANGIBLE FIXED ASSETS

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 March 2024

and 28 February 2025

23,799

774

24,573

DEPRECIATION

At 1 March 2024

14,805

532

15,337

Charge for year

2,248

80

2,328

At 28 February 2025

17,053

612

17,665

NET BOOK VALUE

At 28 February 2025

6,746

162

6,908

At 29 February 2024

8,994

242

9,236

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Trade debtors

440

-

Other debtors

11,528

5,071

11,968

5,071

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Bank loans and overdrafts

518

826

Hire purchase contracts

-

3,386

Trade creditors

3,234

3,786

Taxation and social security

21,868

10,127

Other creditors

9,650

2,908

35,270

21,033

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.25

29.2.24

£

£

Bank loans

308

505