13009828 false Builders 2024-12-01 2025-11-30 http://www.companieshouse.gov.uk/2024-11-30 http://www.companieshouse.gov.uk/pt:ShareCapital 2024-11-30 http://www.companieshouse.gov.uk/cd:Director1 2024-12-01 2025-11-30 http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles 2024-11-30 http://www.companieshouse.gov.uk/pt:ShareCapital 2025-11-30 http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles 2025-11-30 http://www.companieshouse.gov.uk/pt:ToolsEquipment 2024-11-30 http://www.companieshouse.gov.uk/cd:OrdinaryShareClass1 2024-12-01 2025-11-30 http://www.companieshouse.gov.uk/pt:ToolsEquipment 2025-11-30 http://www.companieshouse.gov.uk/cd:RegisteredOffice 2024-12-01 2025-11-30 http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport 2024-12-01 2025-11-30 http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments 2025-11-30 http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments 2024-11-30 http://www.companieshouse.gov.uk/2024-12-01 2025-11-30 http://www.companieshouse.gov.uk/2024-11-30 http://www.companieshouse.gov.uk/cd:FRS102 2024-12-01 2025-11-30 http://www.companieshouse.gov.uk/2025-11-30 http://www.companieshouse.gov.uk/cd:FullAccounts 2024-12-01 2025-11-30 http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd 2024-12-01 2025-11-30 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 13009828
I Prospect Homes Ltd
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30/11/2025
Prepared By:
Gibsons Accountants Ltd
Chartered Accountants
226 Oldham Road
Rochdale
Lancashire
OL112ER

I Prospect Homes Ltd

ACCOUNTS
FOR THE YEAR ENDED 30/11/2025
DIRECTORS
Frank Garvey
REGISTERED OFFICE
226 Oldham Road
Rochdale
Lancashire
OL112ER
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 13009828
ACCOUNTANTS
Gibsons Accountants Ltd
Chartered Accountants
226 Oldham Road
Rochdale
Lancashire
OL112ER

I Prospect Homes Ltd

ACCOUNTS
FOR THE YEAR ENDED 30/11/2025
CONTENTS |  |
|  | Page
Directors' Report |  | -
Accountants' Report |  | -
Statement Of Comprehensive Income |  | -
Balance Sheet |  | 3
Notes To The Accounts |  | 4
The following do not form part of the statutory financial statements: |  |
Trading And Profit And Loss Account |  | -
Profit And Loss Account Summaries |  | -

I Prospect Homes Ltd

BALANCE SHEET AT 30/11/2025
|  |  |  |  |  | 2025 |  |  |  | 2024
|  | Notes |  |  |  | £ |  |  |  | £
FIXED ASSETS |  |  |  |  |  |  |  |  |  |
Tangible assets |  | 3 |  |  |  | 8,052 |  |  |  | 10,608
CURRENT ASSETS |  |  |  |  |  |  |  |  |  |
Debtors |  | 4 |  | 1,069 |  |  |  | 8,355 |  |
Cash at bank and in hand |  |  |  | 1,148 |  |  |  | 3,687 |  |
|  |  |  | 2,217 |  |  |  | 12,042 |  |
CREDITORS: Amounts falling due within one year |  | 5 |  | 9,712 |  |  |  | 4,583 |  |
NET CURRENT (LIABILITIES) / ASSETS |  |  |  |  |  | (7,495) |  |  |  | 7,459
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  |  |  |  | 557 |  |  |  | 18,067
PROVISIONS FOR LIABILITIES AND CHARGES |  | 6 |  |  |  | - |  |  |  | 2,016
NET ASSETS |  |  |  |  |  | 557 |  |  |  | 16,051
CAPITAL AND RESERVES |  |  |  |  |  |  |  |  |  |
Called up share capital |  | 7 |  |  |  | 2 |  |  |  | 2
Profit and loss account |  |  |  |  |  | 555 |  |  |  | 16,049
SHAREHOLDERS' FUNDS |  |  |  |  |  | 557 |  |  |  | 16,051
For the year ending 30/11/2025 the company was entitled to exemption 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 directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 01/04/2026 and signed on their behalf by |  |  |  |  |  |  |  |  |  |
............................. |  |  |  |  |  |  |  |  |  |
Frank Garvey |  |  |  |  |  |  |  |  |  |
Director |  |  |  |  |  |  |  |  |  |

I Prospect Homes Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/11/2025

1. ACCOUNTING POLICIES

1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .

1b. Depreciation |  |
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Commercial Vehicles |  | reducing balance 25%
Equipment |  | reducing balance 20%

1c. Taxation
Taxation represents the sum of tax currently payable and deferred tax. 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 all 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. 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.

1d. Revenue Recognition
Revenue is measured at the fair value of the consideration received or receivable.

2. EMPLOYEES |  |  |  |  |  |
|  |  |  | 2025 |  | 2024
|  |  |  | No. |  | No.
Average number of employees |  |  |  | - |  | -

I Prospect Homes Ltd

3. TANGIBLE FIXED ASSETS |  |  |  |  |  |
|  | Commercial |  |  |  |
|  | Vehicles |  | Equipment |  | Total
|  | £ |  | £ |  | £
Cost |  |  |  |  |  |
At 01/12/2024 |  | 20,598 |  | 3,205 |  | 23,803
At 30/11/2025 |  | 20,598 |  | 3,205 |  | 23,803
Depreciation |  |  |  |  |  |
At 01/12/2024 |  | 11,909 |  | 1,286 |  | 13,195
For the year |  | 2,172 |  | 384 |  | 2,556
At 30/11/2025 |  | 14,081 |  | 1,670 |  | 15,751
Net Book Amounts |  |  |  |  |  |
At 30/11/2025 |  | 6,517 |  | 1,535 |  | 8,052
At 30/11/2024 |  | 8,689 |  | 1,919 |  | 10,608

4. DEBTORS |  |  |  | 2025 |  | 2024
|  |  |  | £ |  | £
Amounts falling due within one year |  |  |  |  |  |
Trade debtors |  |  |  | - |  | 6,623
UK corporation tax |  |  |  | - |  | 442
VAT |  |  |  | 532 |  | 247
Amounts due from Gypsy Lane Developments Ltd |  |  |  | 349 |  | 285
Prepayments |  |  |  | 188 |  | 370
Shareholder current account |  |  |  | - |  | 388
|  |  |  | 1,069 |  | 8,355

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |  |  |  |  |  |
|  |  |  | 2025 |  | 2024
|  |  |  | £ |  | £
Amounts due from Sweet Briar Homes Ltd |  |  |  | 4,335 |  | 3,483
Shareholder current account |  |  |  | 4,277 |  | -
Accruals |  |  |  | 1,100 |  | 1,100
|  |  |  | 9,712 |  | 4,583

I Prospect Homes Ltd

6. PROVISIONS FOR LIABILITIES |  |  |  | 2025 |  | 2024
|  |  |  | £ |  | £
Deferred taxation |  |  |  | - |  | 2,016
|  |  |  | - |  | 2,016

7. SHARE CAPITAL |  |  |  | 2025 |  | 2024
|  |  |  | £ |  | £
Allotted, issued and fully paid: |  |  |  |  |  |
2 Ordinary shares of £1 each |  |  |  | 2 |  | 2
|  |  |  | 2 |  | 2

8. CONTROLLING PARTY
The company is controlled by the director and his partner whom own 100% of the issued share capital.