Prosper Management Services Limited

	Page
Accountant's Report	1
Balance Sheet	2—3
Notes to the Financial Statements	4—7

Report to the directors on the preparation of the unaudited statutory accounts of Prosper Management Services Limited for the year ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Prosper Management Services Limited for the year ended 31 March 2025 which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company's accounting records and from information and explanations you have given to us.

As a practising member of ICAS, we are subject to its ethical and other professional requirements which are detailed at https://www.icas.com/regulation-technical-resources/documents/framework-for-the-preparation-of-accounts-revised-june-2020.

This report is made solely to the directors of Prosper Management Services Limited , as a body, in accordance with the terms of our engagement letter dated 24 July 2023. Our work has been undertaken solely to prepare for your approval the accounts of Prosper Management Services Limited and state those matters that we have agreed to state to the directors of Prosper Management Services Limited , as a body, in this report in accordance with the requirements of the ICAS as detailed at https://www.icas.com/regulation-technical-resources/documents/framework-for-the-preparation-of-accounts-revised-june-2020. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Prosper Management Services Limited and its directors, as a body, for our work or for this report.

It is your duty to ensure that Prosper Management Services Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Prosper Management Services Limited . You consider that Prosper Management Services Limited 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 accounts of Prosper Management Services Limited . 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 accounts.

Signed

29 October 2025

Glen Drummond Ltd

Chartered Accountants

Argyll House

Quarrywood Court

Livingston

EH54 6AX

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Prosper Management Services Limited

Balance Sheet

As At 31 March 2025

Balance Sheet

Registered number: SC693258

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		235,484		247,186

			235,484		247,186
CURRENT ASSETS
Debtors	5	23,571		104,567
Cash at bank and in hand		157,818		73,361

		181,389		177,928
Creditors: Amounts Falling Due Within One Year	6	(179,994 )		(160,552 )

NET CURRENT ASSETS (LIABILITIES)			1,395		17,376

TOTAL ASSETS LESS CURRENT LIABILITIES			236,879		264,562

Creditors: Amounts Falling Due After More Than One Year	7		-		(15,583 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(58,871 )		(58,956 )

NET ASSETS			178,008		190,023

CAPITAL AND RESERVES
Called up share capital	10		2		2
Profit and Loss Account			178,006		190,021

SHAREHOLDERS' FUNDS			178,008		190,023

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Prosper Management Services Limited

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr M Rafferty

Director

29 October 2025

The notes on pages 4 to 7 form part of these financial statements.

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Prosper Management Services Limited

Notes to the Financial Statements

For The Year Ended 31 March 2025

Notes to the Financial Statements

1. General Information

Prosper Management Services Limited is a private company, limited by shares, incorporated in Scotland, registered number SC693258 . The registered office is Leadburn House, Leadburn, Midlothian, EH46 7BE.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery

12% straight line

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.6. Financial Instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense

in the profit and loss account.

2.7. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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Prosper Management Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.7. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

4. Tangible Assets

	Plant & Machinery
	£
Cost
As at 1 April 2024	278,070
Additions	22,850

As at 31 March 2025	300,920

Depreciation
As at 1 April 2024	30,884
Provided during the period	34,552

As at 31 March 2025	65,436

Net Book Value
As at 31 March 2025	235,484

As at 1 April 2024	247,186

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	-	1,197
Other debtors	23,571	103,370

	23,571	104,567

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	15,583	17,000
Trade creditors	-	14,341
Other creditors	120,211	129,211
Taxation and social security	44,200	-

	179,994	160,552

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	-	15,583

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Prosper Management Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

8. Secured Creditors

The hire purchase liabilities are secured over the assets concerned.

Of the creditors the following amounts are secured.

	2025		2024
	£		£
Net obligations under finance lease and hire purchase contracts	15,583		17,000

9. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	15,583	17,000
Later than one year and not later than five years	-	15,583

	15,583	32,583

	15,583	32,583

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	2	2

11. Dividends

	2025	2024
	£	£
On equity shares:
Interim dividend paid	120,000	120,000

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Prosper Management Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

12. Related Party Transactions

The company operates a loan account with the director, Mr J Rafferty.

During the year, the director advanced loans totalling £10,000 to the company. At the year end, the balance due to the director was £69,000 (2024: £59,000). This loan is unsecured, interest free and has no fixed repayment terms.

The company operates a loan account with the director, Mr M Rafferty.

During the year, the company repaid loans totalling £19,000 to the director. At the year end, the balance due to the director was £40,000 (2024: £59,000). This loan is unsecured, interest free and has no fixed repayment terms.

The company operates a loan account with Bernard Hunter Mobile Cranes Ltd, a company controlled by Mr J Rafferty and Mr M Rafferty.

During the year, the company sold goods and services totalling £39,190 (2024: £49,179) to Bernard Hunter Mobile Cranes Ltd. This was conducted under normal commercial terms.

During the year, Bernard Hunter Mobile Cranes Ltd repaid loans totalling £34,066 to the company. At the year end, the balance due from Bernard Hunter Mobile Cranes Ltd was £23,571 (2024: £57,636). This loan is unsecured.

The company operates a loan account with Bernard Hunter Limited, a company controlled by Mr J Rafferty and Mr M Rafferty.

During the year, the company sold goods and services totalling £138,300 (2024: £100,000) to Bernard Hunter Limited. This was conducted under normal commercial terms.

During the year, Bernard Hunter Limited repaid loans totalling £35,070 to the company. At the year end, the balance due from Bernard Hunter Limited was £Nil (2024: £35,070). This loan is unsecured.

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