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Company No: 07414317 (England and Wales)

# PROWSE DEVELOPMENTS LIMITED

### Unaudited Financial Statements
For the financial year ended 31 October 2025
Pages for filing with the registrar

PROWSE DEVELOPMENTS LIMITED

## Unaudited Financial Statements

For the financial year ended 31 October 2025

Contents

PROWSE DEVELOPMENTS LIMITED

## BALANCE SHEET

As at 31 October 2025
PROWSE DEVELOPMENTS LIMITED

## BALANCE SHEET (continued)

As at 31 October 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Intangible assets | 3 | 0 |  | 1,500
Tangible assets | 4 | 2,742 |  | 14,409
Investments | 5 | 5 |  | 5
|  | 2,747 |  | 15,914
Current assets |  |  |  |
Cash at bank and in hand |  | 0 |  | 118
|  | 0 |  | 118
Creditors: amounts falling due within one year | 6 | ( 2,461) |  | ( 1,944)
Net current liabilities |  | (2,461) |  | (1,826)
Total assets less current liabilities |  | 286 |  | 14,088
Net assets |  | 286 |  | 14,088
Capital and reserves |  |  |  |
Called-up share capital | 7 | 100 |  | 100
Profit and loss account |  | 186 |  | 13,988
Total shareholders' funds |  | 286 |  | 14,088

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

Director's 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 director acknowledges 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements of Prowse Developments Limited (registered number: 07414317) were approved and authorised for issue by the Director on 14 April 2026. They were signed on its behalf by:

Mr A J Prowse Director |

PROWSE DEVELOPMENTS LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2025
PROWSE DEVELOPMENTS LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2025

##### 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

Prowse Developments 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 Old Wool Barn, Ugborough, Ivybridge, PL21 0PG, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include 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 stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Revenue from services is recognised as they are delivered.

##### Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill | 10 years straight line

##### 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 reducing balance basis over its expected useful life, as follows:

Plant and machinery | 20 % reducing balance
Vehicles | 20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.
Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.
Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including the director | 0 |  | 0

#### 3. Intangible assets

| Goodwill |  | Total
| £ |  | £
Cost |  |  |
At 01 November 2024 | 10,000 |  | 10,000
At 31 October 2025 | 10,000 |  | 10,000
Accumulated amortisation |  |  |
At 01 November 2024 | 8,500 |  | 8,500
Charge for the financial year | 1,000 |  | 1,000
Impairment losses | 500 |  | 500
At 31 October 2025 | 10,000 |  | 10,000
Net book value |  |  |
At 31 October 2025 | 0 |  | 0
At 31 October 2024 | 1,500 |  | 1,500

#### 4. Tangible assets

| Plant and machinery |  | Vehicles |  | Total
| £ |  | £ |  | £
Cost |  |  |  |  |
At 01 November 2024 | 45,965 |  | 24,554 |  | 70,519
Disposals | ( 45,965) |  | 0 |  | ( 45,965)
At 31 October 2025 | 0 |  | 24,554 |  | 24,554
Accumulated depreciation |  |  |  |  |
At 01 November 2024 | 34,983 |  | 21,127 |  | 56,110
Charge for the financial year | 0 |  | 685 |  | 685
Disposals | ( 34,983) |  | 0 |  | ( 34,983)
At 31 October 2025 | 0 |  | 21,812 |  | 21,812
Net book value |  |  |  |  |
At 31 October 2025 | 0 |  | 2,742 |  | 2,742
At 31 October 2024 | 10,982 |  | 3,427 |  | 14,409

#### 5. Fixed asset investments

| Other investments |  | Total
| £ |  | £
Cost or valuation before impairment |  |  |
At 01 November 2024 | 5 |  | 5
At 31 October 2025 | 5 |  | 5
Carrying value at 31 October 2025 | 5 |  | 5
Carrying value at 31 October 2024 | 5 |  | 5

#### 6. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Other creditors | 2,461 |  | 1,944

#### 7. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
80 Ordinary A shares of £ 1.00 each | 80 |  | 80
20 Ordinary B shares of £ 1.00 each | 20 |  | 20
| 100 |  | 100