Registration number: 06714092

Prospect Brigstock Developments Ltd

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 6

Prospect Brigstock Developments Ltd

Company Information

Directors

Ria Elizabeth Ashworth Mr Maxwell George Goff

Registered office

Old Watermill Mill Lane Brigstock Kettering Northants NN14 3HG

Accountants

Cannon Williamson Chartered Certified AccountantsAlbion House 32 Pinchbeck Road Spalding Lincolnshire PE11 1QD

Prospect Brigstock Developments Ltd

(Registration number: 06714092)
Balance Sheet as at 31 October 2025

	Note	2025 £	2024 £
Fixed Assets
Tangible Assets	4	79,154	87,415
Current assets
Cash at bank and in hand		673	85
Creditors: Amounts falling due within one year	6	(73,384)	(69,196)
Net current liabilities		(72,711)	(69,111)
Total assets less current liabilities		6,443	18,304
Creditors: Amounts falling due after more than one year	6	(13,802)	(17,382)
Net (liabilities)/assets		(7,359)	922
Capital and Reserves
Called up share capital	7	100	100
Retained Earnings		(7,459)	822
Shareholders' (deficit)/funds		(7,359)	922

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.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year 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 and 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 28 July 2026 and signed on its behalf by:
 

......................................... Ria Elizabeth Ashworth Director

......................................... Mr Maxwell George Goff Director

Prospect Brigstock Developments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Old Watermill
Mill Lane
Brigstock
Kettering
Northants
NN14 3HG

These financial statements were authorised for issue by the Board on 28 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 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 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.

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 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.

Prospect Brigstock Developments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025 (continued)

2	Accounting policies (continued)

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:

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 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

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.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

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.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 1).

Prospect Brigstock Developments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025 (continued)

4	Tangible Assets

	Land and buildings £	Motor vehicles  £	Total £
Cost or valuation
At 1 November 2024	76,228	29,995	106,223
At 31 October 2025	76,228	29,995	106,223
Depreciation
At 1 November 2024	3,810	14,998	18,808
Charge for the year	762	7,499	8,261
At 31 October 2025	4,572	22,497	27,069
Carrying amount
At 31 October 2025	71,656	7,498	79,154
At 31 October 2024	72,418	14,997	87,415

Included within the net book value of land and buildings above is £71,656 (2024 - £72,418) in respect of freehold land and buildings.
 

5

Debtors

Current	2025 £	2024 £
	-	-

Prospect Brigstock Developments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025 (continued)

6

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	8	3,579	3,041
Taxation and social security		38	38
Accruals and deferred income		1,466	1,397
Other creditors		68,301	64,720
		73,384	69,196

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	8	7,162	10,742
Other financial liabilities		6,640	6,640
		13,802	17,382

7	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary of £1 each	100	100	100	100

8	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Hire purchase contracts	7,162	10,742

Current loans and borrowings

	2025 £	2024 £
Hire purchase contracts	3,579	3,041