Prospire Operations Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 15595867

Prospire Operations Limited

Filleted Unaudited Financial Statements

31 December 2024

Prospire Operations Limited

Statement of Financial Position

31 December 2024

	31 Dec 24
Note	£	£

Fixed assets

Investments	4		2,806,257

Current assets

Cash at bank and in hand	2,005,456

Creditors: amounts falling due within one year	5	370,725
		------------
Net current assets			1,634,731
			------------
Total assets less current liabilities			4,440,988
			------------
Net assets			4,440,988
			------------

Capital and reserves

Called up share capital	6	101
Share premium account		4,463,827
Profit and loss account		( 22,940)
		------------
Shareholders funds		4,440,988
		------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

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

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 20 August 2025 , and are signed on behalf of the board by:

Mr I Drozdov
Director

Company registration number: 15595867

Prospire Operations Limited

Notes to the Financial Statements

Period from 26 March 2024 to 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 86-90 Paul Street, London, EC2A 4NE.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

4. Investments

	Shares in group undertakings
	£
Cost
At 26 March 2024	–
Additions	2,806,257
	------------
At 31 December 2024	2,806,257
	------------
Impairment
At 26 March 2024 and 31 December 2024	–
	------------

Carrying amount
At 31 December 2024	2,806,257
	------------

The company owns 100% of the ordinary share capital of Gallant Richardson Limited, incorporated in England and Wales.

The company owns 100% of the ordinary share capital of Lime Property (Hull) Limited, incorporated in England and Wales.

5. Creditors: amounts falling due within one year

	31 Dec 24
	£
Amounts owed to group undertakings	120,000
Accruals and deferred income	725
Other creditors	250,000
	---------
	370,725
	---------

6. Called up share capital

Issued, called up and fully paid

	31 Dec 24
	No.	£
Ordinary shares of £ 1 each	101	101
	----	----

7. Director's advances, credits and guarantees

During the year there were no director's advances, credits and guarantees.

8. Related party transactions

During the period the company entered into the following transactions with related parties:

	Transaction value	Balance owed by/(owed to)
	31 Dec 24	31 Dec 24
	£	£
Gallant Richardson Limited	–	( 120,000)
	----	---------