REGISTERED NUMBER: 05322210 (England and Wales)

Financial Statements

for the Year Ended 31st March 2025

for

Prosperity Financial Services Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C S Gray

C N Mison

SECRETARY:

Mrs N A Williams - Gray

REGISTERED OFFICE:

Chiltern House

45 Station Rd

Henley On Thames

Oxfordshire

RG9 1AT

REGISTERED NUMBER:

05322210 (England and Wales)

ACCOUNTANTS:

Buffery & Co Ltd

Chiltern House

45 Station Rd

Henley On Thames

Oxfordshire

RG9 1AT

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

779,475

546,801

Investments

6

724,172

539,995

1,503,647

1,086,796

CURRENT ASSETS

Debtors

482,211

434,346

Cash at bank

616,737

585,509

1,098,948

1,019,855

CREDITORS

Amounts falling due within one year

416,133

324,596

NET CURRENT ASSETS

682,815

695,259

TOTAL ASSETS LESS CURRENT LIABILITIES

2,186,462

1,782,055

CREDITORS

Amounts falling due after more than one year

(2,446

)

(12,627

)

PROVISIONS FOR LIABILITIES

7

(55,284

)

(11,032

)

NET ASSETS

2,128,732

1,758,396

CAPITAL AND RESERVES

Called up share capital

8

200

200

Retained earnings

2,128,532

1,758,196

SHAREHOLDERS' FUNDS

2,128,732

1,758,396

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 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 Income Statement and an abridged Balance Sheet for the year ended 31st 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 Board of Directors and authorised for issue on 31st October 2025 and were signed on its behalf by:

C N Mison - Director

1.	STATUTORY INFORMATION

Prosperity Financial Services 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.

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.

Plant and machinery

-

25% on cost

Fixtures and fittings

-

10% on cost

Motor vehicles

-

Nil rate of depn

Computer equipment

-

33.33% on cost

All tangible fixed assets are initially measured at cost. After initial recognition, tangible fixed assets are measured at cost less any accumulated depreciation and impairment losses.

The 'Motor vehicles' consist of classic car investments. These items are not depreciated, as they are expected to appreciate. Capital Allowances have not been claimed on the cost of the classic cars.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Unlisted investments

Unlisted investments are recognised at cost. They are subsequently measured at fair value through the profit and loss, unless a reliable fair value cannot be obtained. In these cases, the carry amount will reflect cost or the most recent obtainable fair value.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2024 - 10 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1st April 2024

and 31st March 2025

42,500

AMORTISATION

At 1st April 2024

and 31st March 2025

42,500

NET BOOK VALUE

At 31st March 2025

-

At 31st March 2024

-

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st April 2024

581,417

Additions

759,986

Disposals

(525,000

)

At 31st March 2025

816,403

DEPRECIATION

At 1st April 2024

34,616

Charge for year

2,312

At 31st March 2025

36,928

NET BOOK VALUE

At 31st March 2025

779,475

At 31st March 2024

546,801

6.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST OR VALUATION

At 1st April 2024

539,995

Additions

40,000

Revaluations

144,177

At 31st March 2025

724,172

NET BOOK VALUE

At 31st March 2025

724,172

At 31st March 2024

539,995

Cost or valuation at 31st March 2025 is represented by:

Totals

£

Valuation in 2022

131,450

Valuation in 2023

20,326

Valuation in 2024

(113,874

)

Valuation in 2025

144,177

Cost

542,093

724,172

7.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

£

Deferred tax

Other timing differences

55,284

11,032

Deferred

tax

£

Balance at 1st April 2024

11,032

Provided during year

44,252

Balance at 31st March 2025

55,284

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

100

Ordinary A

£1

100

100

100

Ordinary C

£1

100

100

200

200