Company registration number 11700673 (England and Wales)
PROSPECT WELLS HOUSE LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 NOVEMBER 2025
PAGES FOR FILING WITH REGISTRAR
The Courtyard
Shoreham Road
Upper Beeding
Steyning
West Sussex
BN44 3TN
PROSPECT WELLS HOUSE LTD
CONTENTS
Page
Company information
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 6
PROSPECT WELLS HOUSE LTD
COMPANY INFORMATION
- 1 -
Director
Mr C M Tippetts
Secretary
Mrs R Tippetts
Company number
11700673
Registered office
The Courtyard
Shoreham Road
Upper Beeding
Steyning
West Sussex
BN44 3TN
Accountants
TC Group
The Courtyard
Shoreham Road
Upper Beeding
Steyning
West Sussex
BN44 3TN
PROSPECT WELLS HOUSE LTD
BALANCE SHEET
AS AT
30 NOVEMBER 2025
30 November 2025
- 2 -
2025
2024
Notes
£
£
£
£
Current assets
Stocks
5,559,765
4,568,659
Debtors
3
23,646
45,724
Cash at bank and in hand
73,042
8,390
5,656,453
4,622,773
Creditors: amounts falling due within one year
4
(2,406,008)
(1,999,391)
Net current assets
3,250,445
2,623,382
Creditors: amounts falling due after more than one year
5
(3,695,424)
(2,840,875)
Net liabilities
(444,979)
(217,493)
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
(444,980)
(217,494)
Total equity
(444,979)
(217,493)

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

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.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

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

PROSPECT WELLS HOUSE LTD
BALANCE SHEET (CONTINUED)
AS AT
30 NOVEMBER 2025
30 November 2025
- 3 -
The financial statements were approved and signed by the director and authorised for issue on 12 August 2026
Mr C M Tippetts
Director
Company Registration No. 11700673
The notes on pages 4 to 6 form part of these financial statements
PROSPECT WELLS HOUSE LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 4 -
1
Accounting policies
Company information

Prospect Wells House Ltd is a private company limited by shares incorporated in England and Wales. The registered office is The Courtyard, Shoreham Road, Upper Beeding, Steyning, West Sussex, BN44 3TN.

1.1
Accounting convention

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 convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Going concern

These financial statements are prepared on the going concern basis. The director has a reasonable expectation that the company will continue in operational existence for the foreseeable future.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recover ed.

PROSPECT WELLS HOUSE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
1
Accounting policies
(Continued)
- 5 -
1.4
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.8
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

PROSPECT WELLS HOUSE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 6 -
2
Employees

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

2025
2024
Number
Number
Total
0
0
3
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
23,646
45,724
4
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
216,312
166,740
Other creditors
2,189,696
1,832,651
2,406,008
1,999,391

Ht UK Investment Aps holds a fixed charge and Close Brothers Limited holds fixed and floating charges over the freehold property known as Prospect Wells House, Outwood Lane, Chipstead.

5
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
3,695,424
2,840,875
2025-11-30 2024-12-01 false false false 12 August 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity Mr C M Tippetts Mrs R B Tippetts 11700673 2024-12-01 2025-11-30 11700673 bus:Director1 2024-12-01 2025-11-30 11700673 bus:CompanySecretary1 2024-12-01 2025-11-30 11700673 bus:RegisteredOffice 2024-12-01 2025-11-30 11700673 2025-11-30 11700673 2024-11-30 11700673 core:CurrentFinancialInstruments core:WithinOneYear 2025-11-30 11700673 core:CurrentFinancialInstruments core:WithinOneYear 2024-11-30 11700673 core:Non-currentFinancialInstruments core:AfterOneYear 2025-11-30 11700673 core:Non-currentFinancialInstruments core:AfterOneYear 2024-11-30 11700673 core:CurrentFinancialInstruments 2025-11-30 11700673 core:CurrentFinancialInstruments 2024-11-30 11700673 core:ShareCapital 2025-11-30 11700673 core:ShareCapital 2024-11-30 11700673 core:RetainedEarningsAccumulatedLosses 2025-11-30 11700673 core:RetainedEarningsAccumulatedLosses 2024-11-30 11700673 2023-12-01 2024-11-30 11700673 core:Non-currentFinancialInstruments 2025-11-30 11700673 core:Non-currentFinancialInstruments 2024-11-30 11700673 bus:PrivateLimitedCompanyLtd 2024-12-01 2025-11-30 11700673 bus:SmallCompaniesRegimeForAccounts 2024-12-01 2025-11-30 11700673 bus:FRS102 2024-12-01 2025-11-30 11700673 bus:AuditExemptWithAccountantsReport 2024-12-01 2025-11-30 11700673 bus:FullAccounts 2024-12-01 2025-11-30 xbrli:pure xbrli:shares iso4217:GBP