REGISTERED NUMBER: OC432320 (England and Wales)

Report of the Members and

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Prosperant LLP

Page

General Information

1

Report of the Members

2

Accountants' Report

3

Income Statement

4

Balance Sheet

5

Reconciliation of Members' Interests

6

Notes to the Financial Statements

8

Designated members:

P Martenstyn

J P White

Registered office:

3rd Floor

86 - 90 Paul Street

London

EC2A 4NE

Registered number:

OC432320 (England and Wales)

Accountants:

Cooper Parry Advisory Limited

Broadwalk House, 5th Floor

5 Appold Street

Broadgate

London

EC2A 2AG

The members present their report with the financial statements of the LLP for the year ended 31 March 2025.

Principal activity

The principal activity of the LLP in the year under review was that of providing consultancy services to legal firms.

Designated members

The designated members during the year under review were:

P Martenstyn

J P White

Results for the year and allocation to members

The profit for the year before members' remuneration and profit shares was £601,648 (2024 - £557,603 profit).

Members' interests

The members' drawing policy allows each member to draw a proportion of their profit share, subject to the cash requirements of the business.

A member's capital requirement is linked to their share of profit and the financing requirement of the limited liability partnership. There is no opportunity for appreciation of the capital subscribed. Just as incoming members introduce their capital at "par", so the retiring members are repaid their capital "par".

Members' responsibilities statement

The members are responsible for preparing the Report of the Members and the financial statements in accordance with applicable law and regulations.

Legislation applicable to limited liability partnerships requires the members to prepare financial statements for each financial year. Under that law the members have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under legislation applicable to limited liability partnerships the members must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the LLP and of the profit or loss of the LLP for that period. In preparing these financial statements, the members are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the LLP will continue in business.

The members are responsible for keeping adequate accounting records that are sufficient to show and explain the LLP's transactions and disclose with reasonable accuracy at any time the financial position of the LLP and enable them to ensure that the financial statements comply with the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008. They are also responsible for safeguarding the assets of the LLP and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

On behalf of the members:

J P White - Designated member

3 November 2025

In order to assist you to fulfil your duties under the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have prepared for your approval the financial statements of Prosperant LLP for the year ended 31 March 2025 which comprise the Income Statement, Balance Sheet, Reconciliation of Members' Interests and the related notes from the LLP's accounting records and from information and explanations you have given us.

This report is made solely to the members of Prosperant LLP, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Prosperant LLP and state those matters that we have agreed to state to the members of Prosperant LLP, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the LLP and its members, as a body, for our work or for this report.

It is your duty to ensure that Prosperant LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Prosperant LLP. You consider that Prosperant LLP is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Prosperant LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Cooper Parry Advisory Limited

Broadwalk House, 5th Floor

5 Appold Street

Broadgate

London

EC2A 2AG

3 November 2025

Turnover

1,189,469

887,505

Cost of sales

(92,108

)

(69,214

)

Gross profit

1,097,361

818,291

Administrative expenses

(489,809

)

(258,720

)

Operating profit

607,552

559,571

Interest payable and similar expenses

(5,904

)

(1,968

)

Profit for the financial year before members' remuneration and profit shares available for discretionary division among members

601,648

557,603

Fixed assets

Tangible assets

4

61,158

74,066

Current assets

Debtors

5

65,497

150,340

Prepayments and accrued income

80,408

125,733

Cash at bank

16,756

20,006

162,661

296,079

Creditors

Amounts falling due within one year

6

155,417

137,990

Net current assets

7,244

158,089

Total assets less current liabilities

68,402

232,155

Creditors

Amounts falling due after more than one year

7

56,683

67,479

Net assets attributable to members

11,719

164,676

Loans and other debts due to members

8

11,719

164,676

Total members' interests

Loans and other debts due to members

8

11,719

164,676

Amounts due from members

5

(660

)

-

11,059

164,676

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2025.

The members acknowledge their responsibilities for:

(a)	ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

The financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 3 November 2025 and were signed by:

J P White - Designated member

EQUITY

DEBT

TOTAL

Members'

Loans and other debts due to

MEMBERS'

other

members less any amounts due

INTERESTS

interests

from members in debtors

Other

Other

reserves

amounts

Total

£

£

£

Amount due to members

164,676

Amount due from members

-

Balance at 1 April 2024

-

164,676

164,676

Profit for the financial year available for discretionary division among members

601,648

-

601,648

Members' interests after profit for the year

601,648

164,676

766,324

Other divisions of profit

(601,648

)

601,648

-

Drawings on account and distributions of profit

-

(755,265

)

(755,265

)

Amount due to members

11,719

Amount due from members

(660

)

Balance at 31 March 2025

-

11,059

11,059

EQUITY

DEBT

TOTAL

Members'

Loans and other debts due to

MEMBERS'

other

members less any amounts due

INTERESTS

interests

from members in debtors

Other

Other

reserves

amounts

Total

£

£

£

Amount due to members

202,568

Amount due from members

-

Balance at 1 July 2023

-

202,568

202,568

Profit for the financial year available for discretionary division among members

557,603

-

557,603

Members' interests after profit for the year

557,603

202,568

760,171

Other divisions of profit

(557,603

)

557,603

-

Drawings on account and distributions of profit

-

(595,495

)

(595,495

)

Amount due to members

164,676

Amount due from members

-

Balance at 31 March 2024

-

164,676

164,676

1.	Statutory information

Prosperant LLP (''the LLP'') is registered in England and Wales. The address of its registered office is New Derwent House, 69-73 Theobalds Road, London, United Kingdom, WC1X 8TA.

The financial statements are prepared in Sterling (£), which is the functional currency of the LLP. The financial statements are for the year ended 31 March 2025 (2024: for the period 1 July 2023 to 31 March 2024).

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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

Going concern

At the Balance Sheet date the LLP had a positive cash balance and net asset position. This, combined with the forecasts prepared by the members, shows that the LLP will be able to operate within the facilities available to it for a period of at least 12 months from the date of signing these financial statements.

On that basis, the members have prepared these financial statements on a going concern basis.

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the LLP and the turnover can be reliably measured as the fair value of consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes. The following criteria must all be met before turnover is recognised.

Rendering of services

Turnover to provide services are recognised in the period in which the services are provided in accordance with the stage of completion when all of the following conditions are satisfied:

- the amount of revenue can be reliably measured

- it is probable that the LLP will receive the consideration due under the contract;

- the stage of completion of the service at the end of the reporting period can be measured reliably; and

- the costs incurred and the costs to complete the service can be measured reliably.

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

At each reporting date the LLP assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

The estimated useful lives range as follows:

Motor vehicles - 25% reducing balance method

Computer equipment - 33% on cost

The assets' residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement.

Financial instruments

The LLP only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors, creditors and loans with related parties.

All financial assets and liabilities are initially measured at transaction price and subsequently measured at amortised costs.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the LLP would receive for the asset if it were to be sold at the Balance Sheet date.

Operating leases

Rentals paid under operating leases are charged to the Income Statement on a straight line basis over the period of the lease.

Pensions

The LLP contributes to defined contribution pension plans for its employees. A defined contribution pension plan is a plan under which the LLP pays fixed contributions into a separate entity. Once the contributions have been paid the LLP has no further obligations.

The contributions are recognised as an expense in the Income Statement when they fall due. Amounts not paid are shown in creditors as a liability in the Balance Sheet. The assets of the plan are held separately from the LLP in independently administered funds.

Finance costs

Finance costs are charged to the Income Statement over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount.

Members' participating interests

Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with section 22 of FRS 102. A member's participation rights including amounts subscribed or otherwise contributed by members, for example members' capital, are classed as liabilities unless the LLP has an unconditional right to refuse payment to members, in which case they are classified as equity.

All amounts due to members that are classified as liabilities are presented within 'Loans and other debts due to members' and, where such an amount relates to current year profits, they are recognised within 'Members' remuneration charged as an expense' in arriving at the relevant year's result. Undivided amounts that are classified as equity are shown within 'Members' other interests'. Amounts recoverable from members are presented as debtors and shown as amounts due from members within members' interests.

Where there exists an asset and liability component in respect of an individual member's participation rights, they are presented on a gross basis unless the LLP has both a legally enforceable right to set off the recognised amounts, and it intends either to settle on a net basis or to settle and realise these amounts simultaneously, in which case they are presented net.

3.	Employee information

The average number of employees during the year was 4 (2024 - 4 ) .

4.	Tangible fixed assets

Motor

Computer

vehicles

equipment

Totals

£

£

£

Cost

At 1 April 2024

82,678

-

82,678

Additions

-

6,664

6,664

At 31 March 2025

82,678

6,664

89,342

Depreciation

At 1 April 2024

8,612

-

8,612

Charge for year

18,517

1,055

19,572

At 31 March 2025

27,129

1,055

28,184

Net book value

At 31 March 2025

55,549

5,609

61,158

At 31 March 2024

74,066

-

74,066

5.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

42,861

134,032

Other debtors

22,636

16,308

65,497

150,340

6.

Creditors: amounts falling due within one year

2025

2024

£

£

Hire purchase contracts

10,796

10,796

Trade creditors

61,851

1,140

Taxation and social security

57,237

26,372

Other creditors

25,533

99,682

155,417

137,990

7.

Creditors: amounts falling due after more than one year

2025

2024

£

£

Hire purchase contracts

56,683

67,479

Net obligations under hire purchase contracts are secured against the asset to which they relate.

8.

Loans and other debts due to members

Loans and other debts due to member's would rank in line with unsecured creditors.

9.	Related party disclosures

At the balance sheet date, included within other debtors £21,976 (2024 - £nil) due from a related party under common ownership. The amounts are interest-free free and repayable on demand.