Company No: 03730366 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	Robert Louis Dines (Resigned 29 August 2025)
	Billee Ross
	Philip Paul Ross

SECRETARY

Billee Ross

REGISTERED OFFICE	Prospect House
	35 High Road
	Byfleet
	KT14 7QH
	United Kingdom

COMPANY NUMBER

03730366 (England and Wales)

ACCOUNTANT	Gravita Essex Limited
	Treviot House
	186-192 High Road
	Ilford
	Essex
	IG1 1LR
	United Kingdom

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	5,260		7,957
Investment property	4	450,000		450,000
		455,260		457,957
Current assets
Debtors	5	1,632,061		1,752,236
Cash at bank and in hand		1,546		3,559
		1,633,607		1,755,795
Creditors: amounts falling due within one year	6	( 1,208,582)		( 1,379,425)
Net current assets		425,025		376,370
Total assets less current liabilities		880,285		834,327
Creditors: amounts falling due after more than one year	7	( 140,631)		( 98,837)
Provision for liabilities		( 7,308)		( 1,239)
Net assets		732,346		734,251
Capital and reserves
Called-up share capital		1,000		1,000
Fair value reserve		28,173		34,782
Profit and loss account		703,173		698,469
Total shareholders' funds		732,346		734,251

For the financial 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.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Prospect Materials Limited (registered number: 03730366) were approved and authorised for issue by the Board of Directors on 18 December 2025. They were signed on its behalf by:

Philip Paul Ross Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Prospect Materials Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Prospect House, 35 High Road, Byfleet, KT14 7QH, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc.	25 % reducing balance
	4 years straight line

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The fair value is determined annually by the directors, on an open market value for existing use basis.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	5		5

3. Tangible assets

	Plant and machinery etc.		Total
	£		£
Cost
At 01 April 2024	50,120		50,120
At 31 March 2025	50,120		50,120
Accumulated depreciation
At 01 April 2024	42,163		42,163
Charge for the financial year	2,699		2,699
Small diff	( 2)		( 2)
At 31 March 2025	44,860		44,860
Net book value
At 31 March 2025	5,260		5,260
At 31 March 2024	7,957		7,957

4. Investment property

	Investment property
	£
Valuation
As at 01 April 2024	450,000
As at 31 March 2025	450,000

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

	2025		2024
	£		£
Historic cost	415,218		415,218

The investment property was valued on a fair value basis on 31st March 2020 by the directors.

5. Debtors

	2025		2024
	£		£
Trade debtors	634,691		621,423
S455	274,986		274,986
Other debtors	722,384		855,827
	1,632,061		1,752,236

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans and overdrafts	66,450		134,888
Trade creditors	991,265		1,008,094
Taxation and social security	100,048		224,920
Other creditors	50,819		11,523
	1,208,582		1,379,425

7. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans	140,631		98,837

The bank loan is secured by a fixed charge on the investment property owned by the company.