| Prospect21 Ltd |
| Registered number: |
13124692 |
| Balance Sheet |
| as at 31 January 2026 |
|
| Notes |
|
|
2026 |
|
|
2025 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
906 |
|
|
1,209 |
| Investment property |
4 |
|
|
2,351,487 |
|
|
1,815,929 |
|
|
|
|
2,352,393 |
|
|
1,817,138 |
|
| Current assets |
| Debtors |
|
|
4,496 |
|
|
4,496 |
| Cash at bank and in hand |
|
|
13,946 |
|
|
20,233 |
|
|
|
18,442 |
|
|
24,729 |
|
| Creditors: amounts falling due within one year |
|
|
(236,861) |
|
|
(47,293) |
|
| Net current liabilities |
|
|
|
(218,419) |
|
|
(22,564) |
|
| Total assets less current liabilities |
|
|
|
2,133,974 |
|
|
1,794,574 |
|
| Creditors: amounts falling due after more than one year |
|
|
|
(2,146,546) |
|
|
(1,797,753) |
|
|
| Net liabilities |
|
|
|
(12,572) |
|
|
(3,179) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
(12,672) |
|
|
(3,279) |
|
| Shareholders' funds |
|
|
|
(12,572) |
|
|
(3,179) |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b). |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Mr Shaishav Bhagat |
| Director |
| Approved by the board on 30 October 2026 |
|
| Prospect21 Ltd |
| Notes to the Accounts |
| for the year ended 31 January 2026 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. |
|
|
Investment property |
|
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
| 2 |
Employees |
2026 |
|
2025 |
| Number |
Number |
|
|
Average number of persons employed by the company |
2 |
|
2 |
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Plant and machinery etc |
| £ |
|
Cost |
|
At 1 February 2025 |
2,149 |
|
At 31 January 2026 |
2,149 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 February 2025 |
940 |
|
Charge for the year |
303 |
|
At 31 January 2026 |
1,243 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 January 2026 |
906 |
|
At 31 January 2025 |
1,209 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Investment property |
|
| Investment |
| property |
Total |
| £ |
£ |
|
Cost |
|
At 1 February 2025 |
1,815,929 |
|
1,815,929 |
|
Additions |
535,558 |
|
535,558 |
|
|
At 31 January 2026 |
2,351,487 |
|
2,351,487 |
|
|
|
|
|
|
|
|
|
|
Investment property is initially measured at cost and is subsequently reflected at fair value as at year end. The fair value of investment property is based on the director's assessment of current market conditions, location & class of property and relevant yields. |
|
|
| 5 |
Related party transactions |
|
|
Other creditors includes £578,806 loan from Spine & Rheumatology Associates Ltd,company which is under the common control of Mr Shaishav Bhagat & Mrs Shweta Bhagat. |
|
|
| 6 |
Controlling party |
|
|
The directors control the company by virtue of a controlling interest of 100% (directly or indirectly) of the issued ordinary share capital. The ultimate controlling party is Mr Shaishav Bhagat & Mrs Shweta Bhagat. |
|
|
| 7 |
Other information |
|
|
Prospect21 Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
Tamarisk House |
|
Sandy Lane |
|
Barham |
|
Ipswich |
|
IP6 0PB |