Prospect Securities Limited - Filleted accounts

Registered number

13289146

Prospect Securities Limited

Filleted Accounts

31 March 2026

Prospect Securities Limited
Registered number:		13289146
Balance Sheet
as at 31 March 2026

Notes			2026			2025
£				£
Current assets
Stocks		261,497			261,497
Debtors	3	996			619
Cash at bank and in hand		2,034			778
		264,527			262,894

Creditors: amounts falling due within one year	4	(149,647)			(152,221)

Net current assets			114,880			110,673

Total assets less current liabilities			114,880			110,673

Creditors: amounts falling due after more than one year	5		(57,910)			(62,410)



Net assets			56,970			48,263

Capital and reserves
Called up share capital			52,500			52,500
Profit and loss account			4,470			(4,237)

Shareholders' funds			56,970			48,263

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mark Jackson
Director
Approved by the board on 2 July 2026

Prospect Securities Limited
Notes to the Accounts
for the year ended 31 March 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees	2026		2025
Number			Number

	Average number of persons employed by the company	2		2


3	Debtors	2026		2025
£			£

	Other debtors	996		619


4	Creditors: amounts falling due within one year	2026		2025
£			£

	Taxation and social security costs	2,761		472
	Other creditors	146,886		151,749
		149,647		152,221


5	Creditors: amounts falling due after one year	2026		2025
£			£

	Other creditors	57,910		62,410


6	Related party transactions

	At the year end £57,910 (2025 - £62,410) was due to Ventura Finance Limited, a company controlled by Mark Jackson. £4,500 was repaid during the year. It is interest free and repayable after twelve months.

	At the year end £96,113 (2025 - £108,013) was due to Mark Jackson. £11,900 was repaid during the year. It is interest free and repayable on demand.

	At the year end £23,500 (2025 - £10,500) was due to Small Company Reporting Limited, a company controlled by Mark Jackson. £13,000 was advanced during the year. It is interest free and repayable on demand.

	At the year end £27,000 (2025 - £27,000) was due to Cavendish Print Limited, a company controlled by Mark Jackson.It is interest free and repayable on demand.


7	Controlling party

	The company is controlled by Mark Jackson.


8	Other information

	Prospect Securities Limited is a private company limited by shares and incorporated in England. Its registered office is:
	c/o Jacksons Chartered Accountants
	First Floor, Albion House
	32 Albion Street
	Hull
	HU1 3TE