1 March 2024 false Taxfiler 2024.6 OC443658 business:LimitedLiabilityPartnershipLLP 2024-03-01 2025-02-28 OC443658 2024-02-29 OC443658 2024-03-01 2025-02-28 OC443658 business:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 OC443658 business:FilletedAccounts 2024-03-01 2025-02-28 OC443658 2025-02-28 OC443658 business:PartnerLLP1 2024-03-01 2025-02-28 OC443658 business:PartnerLLP2 2024-03-01 2025-02-28 OC443658 business:RegisteredOffice 2024-03-01 2025-02-28 OC443658 2024-02-29 OC443658 core:WithinOneYear 2025-02-28 OC443658 core:WithinOneYear 2024-02-29 OC443658 core:RetainedEarningsAccumulatedLosses 2025-02-28 OC443658 core:RetainedEarningsAccumulatedLosses 2024-02-29 OC443658 business:SmallEntities 2024-03-01 2025-02-28 OC443658 countries:EnglandWales 2024-03-01 2025-02-28 OC443658 2023-03-01 2024-02-29 iso4217:GBP xbrli:pure
Registered No. OC443658 (England and Wales)
Prophorizons LLP Unaudited accounts for the year ended 28 February 2025
Prophorizons LLP LLP Information for the year ended 28 February 2025
Designated members
Mr Julian CHIK
Ms Fanny WAT
Registered Number
OC443658 (England and Wales)
Registered Office
43 Walson Way Stansted Essex CM24 8GD England
Accountants
Yash & Co. Accountants 44 Nigel Road Forest Gate London E7 8AN
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Prophorizons LLP Statement of financial position as at 28 February 2025
2025
2024
Notes
£
£
Fixed assets
Investments
3
195,062
195,062
Current assets
Cash at bank and in hand
6,340
5,208
Creditors: amounts falling due within one year
4
(6,005)
(3,815)
Net current assets
335
1,393
Net assets attributable to members
195,397
196,455
Represented by:
Loans and other debts due to members
5
196,770
200,270
Members' other interests
Other reserves
(1,373)
(3,815)
195,397
196,455
Total members' interests
Loans and other debts due to members
196,770
200,270
Members' other interests
(1,373)
(3,815)
195,397
196,455
For the year ending 28 February 2025 the LLP was entitled to exemption under section 477 of the Companies Act 2006 (as applied to LLPs) relating to small LLPs.
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the members on 13 November 2025.
Mr Julian CHIK Designated member Limited Liability Partnership Registration No. OC443658
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Prophorizons LLP Notes to the Accounts for the year ended 28 February 2025
1
Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property
Investment properties are revalued annually and any surplus or deficit is dealt with through profit and loss. No depreciation is provided in respect of investment properties.
2
Statutory information
Prophorizons LLP is a limited liability partnership, incorporated in England and Wales, registration number OC443658. Its registered office is 43 Walson Way, Stansted, Essex, CM24 8GD, England.
3
Investments
Other investments
Cost
£
At 1 March 2024
195,062
At 28 February 2025
195,062
4
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
6,005
3,815
5
Loans and other debts due to members
2025
2024
£
£
Members' capital classified as a liability
200,270
200,270
Amounts due to members in respect of profits
(3,500)
-
196,770
200,270
Amounts falling due within one year
196,770
200,270
Loans and other debts due to members rank equally with debts due to other unsecured creditors in the event of a winding up.
6
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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