Prometheus Business Services Limited Accounts






Prometheus Business Services Limited

	Company No. 11671331
		Information for Filing with The Registrar
		31 March 2025

The Directors present their report and the accounts for the year ended 31 March 2025.

Principal activities
The principal activity of the company during the year under review was management consultancy and property rental.




Directors

The Directors who served at any time during the year were as follows:

E. Bors
K. Kneebone








































































The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

K. Kneebone
Director
02 December 2025

at	31 March 2025
Company No.		11671331	Notes	2025	2024
				£	£
Fixed assets

	Tangible assets		4	637	1,125
	Investment property		5	110,000	89,057
	Investments		6	50	50
				110,687	90,232
Current assets

	Debtors		7	26,312	23,575

	Cash at bank and in hand			3,554	3,489
				29,866	27,064
Creditors: Amount falling due within one year			8	(18,734)	(27,708)
Net current assets/(liabilities)				11,132	(644)
Total assets less current liabilities				121,819	89,588
Creditors: Amounts falling due after more than one year			9	(85,838)	(88,430)
Provisions for liabilities
	Deferred taxation			(5,236)	-

Net assets				30,745	1,158

Capital and reserves
	Called up share capital			1	1

	Fair value reserve			15,707	-

	Profit and loss account			15,037	1,157

Total equity				30,745	1,158



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the year ended 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.



As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 02 December 2025 and signed on its behalf by:
K. Kneebone
Director
02 December 2025

for the year ended 31 March 2025

General information

Prometheus Business Services Limited is a private company limited by shares and incorporated in England and Wales.

Its registered number is: 11671331

Its registered office is:

Cleveland Lodge

45 Cleveland Terrace

Darlington

County Durham

DL3 7HD

The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Accounting policies

Turnover

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

Tangible fixed assets and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:

Furniture, fittings and equipment

15% Straight line

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 profit and loss account 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 temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary 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.

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.

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

Freehold investment property

Investment properties are revalued annually and any surplus or deficit is dealt with through the fair value reserve account.

No depreciation is provided in respect of investment properties.

Investments

Unlisted investments (except those held as subsidiaries, associates or joint ventures) are recognised initially at fair value less attributable transaction costs. Subsequent to initial recognition, any changes in fair value are recognised in profit and loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3	Employees
			2025	2024
			Number	Number
		The average monthly number of employees (including directors) during the year was:	4	4

4	Tangible fixed assets
			Fixtures, fittings and equipment	Total
			£	£
		Cost or revaluation
		At 1 April 2024	3,257	3,257




		At 31 March 2025	3,257	3,257
		Depreciation
		At 1 April 2024	2,132	2,132
		Charge for the year	488	488



		At 31 March 2025	2,620	2,620
		Net book values
		At 31 March 2025	637	637
		At 31 March 2024	1,125	1,125

5	Investment property
			Freehold Investment Property
			£
		Valuation
		At 1 April 2024	89,057

		Revaluation	20,943

		At 31 March 2025	110,000

6	Investments
			Other investments	Total
			£	£
		Cost or valuation
		At 1 April 2024	50	50



		At 31 March 2025	50	50
		Provisions/Impairment





		Net book values
		At 31 March 2025	50	50
		At 31 March 2024	50	50

7	Debtors
			2025	2024
			£	£
		Trade debtors	-	7,000
		Amounts owed by group undertakings	1,451	1,450
		Corporation tax recoverable	5,012	-


		Loans to directors	19,849	14,157
		Other debtors	-	1
		Prepayments and accrued income	-	967
			26,312	23,575

8	Creditors:
		amounts falling due within one year
			2025	2024
			£	£

		Bank loans and overdrafts	8,228	13,790




		Taxes and social security	8,954	8,625

		Other creditors	1,552	2,666
		Accruals and deferred income	-	2,627
			18,734	27,708

9	Creditors:
		amounts falling due after more than one year
			2025	2024
			£	£

		Bank loans and overdrafts	85,838	88,430






			85,838	88,430

Share Capital

The company has 51 £1 A ordinary and 49 £1 B ordinary shares in issue, which are fully paid at par.

11	Reserves
			Fair value Reserve	Total other reserves
			£	£





		Movement on fair value reserve	20,943	20,943
		Deferred taxation	(5,236)	(5,236)

		At 31 March 2025	15,707	15,707

12	Dividends
			2025	2024
			£	£
		Dividends for the period:
		Dividends paid in the period	1,000	42,500

			1,000	42,500

		Dividends by type:

		Equity dividends	1,000	42,500
			1,000	42,500

13	Advances and credits to directors
			2025
			£
		At 1 April 2024	14,157
		Advanced in the period	9,523
		Amounts repaid in the period	3,831


		At 31 March 2025	19,849