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Company Registration No. 09873446 (England and Wales)
Prospective Labs Ltd Unaudited accounts for the year ended 30 November 2025
Prospective Labs Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Prospective Labs Ltd Company Information for the year ended 30 November 2025
Directors
John Michael Batty CBE Peter Alexander Ferguson
Company Number
09873446 (England and Wales)
Registered Office
167-169 Great Portland Street 5th Floor London W1W 5PF United Kingdom
Accountants
Braant Ltd 20 to 22 Wenlock Road London N1 7GU
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Prospective Labs Ltd Statement of financial position as at 30 November 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
7,311
10,280
Current assets
Debtors
5
250,367
2,700
Cash at bank and in hand
2,005,234
1,600,449
2,255,601
1,603,149
Creditors: amounts falling due within one year
6
(387,438)
(262,039)
Net current assets
1,868,163
1,341,110
Total assets less current liabilities
1,875,474
1,351,390
Creditors: amounts falling due after more than one year
7
(17,700)
(17,700)
Net assets
1,857,774
1,333,690
Capital and reserves
Called up share capital
2
2
Profit and loss account
1,857,772
1,333,688
Shareholders' funds
1,857,774
1,333,690
For the year ending 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 13 August 2026 and were signed on its behalf by
Peter Alexander Ferguson Director Company Registration No. 09873446
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Prospective Labs Ltd Notes to the Accounts for the year ended 30 November 2025
1
Statutory information
Prospective Labs Ltd is a private company, limited by shares, registered in England and Wales, registration number 09873446. The registered office is 167-169 Great Portland Street, 5th Floor, London, W1W 5PF, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
Over the life of the IUK contract
Work In Progress
Work in progress is valued at anticipated invoice value in accordance with the IUK contract
4
Tangible fixed assets
Computer equipment
£
Cost or valuation
At cost
At 1 December 2024
26,764
At 30 November 2025
26,764
Depreciation
At 1 December 2024
16,484
Charge for the year
2,969
At 30 November 2025
19,453
Net book value
At 30 November 2025
7,311
At 30 November 2024
10,280
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Prospective Labs Ltd Notes to the Accounts for the year ended 30 November 2025
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
247,667
-
Accrued income and prepayments
2,700
2,700
250,367
2,700
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
19,308
-
Taxes and social security
359,646
257,463
Other creditors
3,159
3,331
Accruals
5,325
1,245
387,438
262,039
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
17,700
17,700
8
Average number of employees
During the year the average number of employees was 13 (2024: 14).
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