Company registration number 04200892 (England and Wales)
Prospect Developments (Northern) Limited
Unaudited Financial Statements
For the year ended 30 November 2025
Prospect Developments (Northern) Limited
Company Information
Directors
Mr J E Lund
Mr M Lund
Company number
04200892
Registered office
Prospect Court
2 Courthouse Street
Otley
United Kingdom
LS21 1AQ
Accountants
DJH Halesowen Limited
Church Court
Stourbridge Road
Halesowen
West Midlands
B63 3TT
Prospect Developments (Northern) Limited
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 4
Prospect Developments (Northern) Limited
Statement Of Financial Position
As at 30 November 2025
- 1 -
2025
2024
Notes
£
£
£
£
Current assets
Debtors
4
27,835
133,290
Investments
5
-
0
72,500
Cash at bank and in hand
135
1,657
27,970
207,447
Creditors: amounts falling due within one year
6
(6,565)
(194,321)
Net current assets
21,405
13,126
Creditors: amounts falling due after more than one year
7
-
0
(11,208)
Net assets
21,405
1,918
Capital and reserves
Called up share capital
4
4
Profit and loss reserves
21,401
1,914
Total equity
21,405
1,918

For the financial year ended 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question 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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 3 July 2026 and are signed on its behalf by:
Mr J E Lund
Director
Company registration number 04200892 (England and Wales)
Prospect Developments (Northern) Limited
Notes to the financial statements
For the year ended 30 November 2025
- 2 -
1
Accounting policies
Company information

Prospect Developments (Northern) Limited is a private company limited by shares incorporated in England and Wales. The registered office is Prospect Court, 2 Courthouse Street, Otley, United Kingdom, LS21 1AQ.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost conventio n. The principal accounting policies adopted are set out below.

1.2
Revenue

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

1.3
Tangible fixed assets

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant & machinery
20% straight line
Motor vehicles
10% straight line
1.4
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
2
2
Prospect Developments (Northern) Limited
Notes to the financial statements (continued)
For the year ended 30 November 2025
- 3 -
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 December 2024 and 30 November 2025
64,940
Depreciation and impairment
At 1 December 2024 and 30 November 2025
64,940
Carrying amount
At 30 November 2025
-
0
At 30 November 2024
-
0
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
1,654
144
Other debtors
26,181
133,146
27,835
133,290
5
Current asset investments
2025
2024
£
£
Other investments
-
0
72,500
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
4,786
5,000
Amounts owed to group undertakings
-
0
107,429
Other creditors
1,779
81,892
6,565
194,321
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
-
0
11,208
Prospect Developments (Northern) Limited
Notes to the financial statements (continued)
For the year ended 30 November 2025
- 4 -
8
Related party transactions

At the end of the year the amount owed to the directors was £179 (2024: £392) and the amount owed to the parent undertaking Prospect Estates Limited was £Nil (2024: £107,429)

2025-11-30 2024-12-01 false false false CCH Software CCH Accounts Production 2026.100 The principal activity of the company continued to be that of the buying and selling of own real estate
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