Registration number: 06344215

Prospect Builders Limited

Contents

Company Information	1
Abridged Balance Sheet	2 to 3
Notes to the Unaudited Abridged Financial Statements	4 to 9

Prospect Builders Limited

Company Information

Directors

Mr S Johnson Mr D Atherton

Registered office

Unit 6, Mead Road Leckhampton Cheltenham Gloucestershire GL53 7EF

Accountants

Holberton & Co Nortonbury House 37 High Street Tewkesbury Gloucestershire GL20 5BB

Prospect Builders Limited

(Registration number: 06344215)
Abridged Balance Sheet as at 28 February 2026

	Note	2026 £	2024 £
Fixed assets
Tangible assets	4	-	5,708
Current assets
Debtors	5	7,805	177,150
Cash at bank and in hand		2,169	17,482
		9,974	194,632
Creditors: Amounts falling due within one year		(8,547)	(98,067)
Net current assets		1,427	96,565
Total assets less current liabilities		1,427	102,273
Creditors: Amounts falling due after more than one year		-	(7,138)
Accruals and deferred income		(1,300)	(850)
Net assets		127	94,285
Capital and reserves
Called up share capital	6	4	4
Retained earnings		123	94,281
Shareholders' funds		127	94,285

For the financial period ending 28 February 2026 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 accounts for the period in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 2 July 2026 and signed on its behalf by:
 

Prospect Builders Limited

(Registration number: 06344215)
Abridged Balance Sheet as at 28 February 2026

......................................... Mr S Johnson Director

Prospect Builders Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 1 September 2024 to 28 February 2026

1	General information

The company is a private company limited by share capital, incorporated in Other.

The address of its registered office is:
Unit 6, Mead Road
Leckhampton
Cheltenham
Gloucestershire
GL53 7EF

The principal place of business is:
Unit 6, Mead Road
Leckhampton
Cheltenham
Gloucestershire
GL53 7EF

These financial statements were authorised for issue by the Board on 2 July 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Prospect Builders Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 1 September 2024 to 28 February 2026

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	25% Reducing balance
Motor vehicles	25% Reducing balance
Furniture and fittings	25% Reducing balance
Office equipment	25% Reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Prospect Builders Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 1 September 2024 to 28 February 2026

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the period, was 4 (2024 - 4).

Prospect Builders Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 1 September 2024 to 28 February 2026

4	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 September 2024	5,728	8,629	14,357
Additions	176	2,750	2,926
Disposals	(5,904)	(11,379)	(17,283)
At 28 February 2026	-	-	-
Depreciation
At 1 September 2024	8,136	6,154	14,290
Charge for the period	1,349	2,068	3,417
Eliminated on disposal	(9,485)	(8,222)	(17,707)
At 28 February 2026	-	-	-
Carrying amount
At 28 February 2026	-	-	-
At 31 August 2024	3,233	2,475	5,708

5

Debtors

Debtors includes £Nil (2024 - £Nil) due after more than one year.

6	Share capital

Allotted, called up and fully paid shares

	2026		2024
	No.	£	No.	£
Ordinary of £1 each	4	4	4	4

7

Dividends

		2026		2024
		£		£
Interim dividend of £29,150.00 (2024 - £13,000.00) per ordinary share		116,600		52,000

Prospect Builders Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 1 September 2024 to 28 February 2026

8	Related party transactions

Prospect Builders Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 1 September 2024 to 28 February 2026

Directors' remuneration

The directors' remuneration for the period was as follows:

	2026 £	2024 £
Remuneration	28,080	25,920