REGISTERED NUMBER: 10113543 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

PROSPECT HOUSE INVESTMENTS LTD

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs M Nicholson

REGISTERED OFFICE:

Burnside House

Cambridge Road

Middlesbrough

TS3 8AG

REGISTERED NUMBER:

10113543 (England and Wales)

ACCOUNTANTS:

Lyons & Co Ltd

23 Yarm Road

Stockton on Tees

TS18 3NJ

FIXED ASSETS

Investment property

4

322,948

322,948

CURRENT ASSETS

Debtors

227,778

339,421

Cash at bank

118,236

1,373

346,014

340,794

CREDITORS

Amounts falling due within one year

66,639

67,536

NET CURRENT ASSETS

279,375

273,258

TOTAL ASSETS LESS CURRENT LIABILITIES

602,323

596,206

CREDITORS

Amounts falling due after more than one year

5

(155,815

)

(155,828

)

PROVISIONS FOR LIABILITIES

(8,331

)

(8,331

)

NET ASSETS

438,177

432,047

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

7

35,517

35,517

Retained earnings

402,560

396,430

SHAREHOLDERS' FUNDS

438,177

432,047

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 September 2025 and were signed by:

Mrs M Nicholson - Director

1.	STATUTORY INFORMATION

Prospect House Investments Ltd 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 as modified by the revaluation of certain assets.

Turnover

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

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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 NIL (2024 - 1 ).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

322,948

NET BOOK VALUE

At 31 March 2025

322,948

At 31 March 2024

322,948

Fair value at 31 March 2025 is represented by:

£

Valuation in 2021

43,848

Cost

279,100

322,948

If investment properties had not been revalued they would have been included at the following historical cost:

31/3/25

31/3/24

£

£

Cost

279,100

279,100

Investment properties were valued on an open market basis on 31 March 2025 by director .

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

31/3/25

31/3/24

£

£

Repayable otherwise than by instalments

Bank loans

155,815

155,828

6.	SECURED DEBTS

The following secured debts are included within creditors:

31/3/25

31/3/24

£

£

Bank loans

155,815

155,828

The bank loans are secured by a legal charge over some of the investment properties owned by the company.

7.

RESERVES

Revaluation

reserve

£

At 1 April 2024

and 31 March 2025

35,517

8.	RELATED PARTY DISCLOSURES

Loans to related parties were charged 2.5% loan interest and the amounts owed to the company at the year end were as follows:-

Prospect Property Management Ltd £206,126 (2024 £305,282)

The companies are related as Mrs M Nicholson is a director of these companies.