PROPHET Profiling Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 03665491

PROPHET Profiling Limited

Filleted Unaudited Financial Statements

31 March 2026

PROPHET Profiling Limited

Financial Statements

Year ended 31 March 2026

Contents	Page

Officers and professional advisers	1

Chartered certified accountants report to the board of directors on the preparation of the unaudited statutory financial statements	2

Statement of financial position	3

Notes to the financial statements	5

PROPHET Profiling Limited

Officers and Professional Advisers

The board of directors	M A Coates
	S A Wyman

Registered office	91 Wimpole Street
	London
	W1G 0EF

Accountants	Complete Accounting Solutions
	Chartered Certified Accountants
	727-729 High Road
	London
	N12 0BP

PROPHET Profiling Limited

Chartered Certified Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of PROPHET Profiling Limited

Year ended 31 March 2026

As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 31 March 2026, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.

Complete Accounting Solutions Chartered Certified Accountants

727-729 High Road London N12 0BP

PROPHET Profiling Limited

Statement of Financial Position

31 March 2026

	2026	2025
Note	£	£

Fixed assets

Intangible assets	6	562,660	542,219
Tangible assets	7	1,629	2,029
		---------	---------
		564,289	544,248

Current assets

Debtors	8	241,689	341,124
Cash at bank and in hand		210,255	55,830
		---------	---------
		451,944	396,954

Creditors: amounts falling due within one year	9	( 172,768)	( 143,740)
		---------	---------
Net current assets		279,176	253,214
		---------	---------
Total assets less current liabilities		843,465	797,462

Creditors: amounts falling due after more than one year	10	( 323,768)	–

Provisions	11	298	( 106)
		---------	---------
Net assets		519,995	797,356
		---------	---------

Capital and reserves

Called up share capital	12	4,130	4,130
Share premium account		26,813	26,813
Capital redemption reserve		2,625	2,625
Profit and loss account		486,427	763,788
		---------	---------
Shareholders funds		519,995	797,356
		---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 31 March 2026 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 financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

PROPHET Profiling Limited

Statement of Financial Position (continued)

31 March 2026

These financial statements were approved by the board of directors and authorised for issue on 5 November 2026 , and are signed on behalf of the board by:

S A Wyman

Director

Company registration number: 03665491

PROPHET Profiling Limited

Notes to the Financial Statements

Year ended 31 March 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 91 Wimpole Street, London, W1G 0EF.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity .

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Going concern

The directors have considered the company's position for a period of 12 months from the date of the financial statements, taking in to account events that have occurred subsequent to the year end. Following this, the directors consider that the company will continue to trade as a going concern.

Cash & cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax. Rendering of services Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: - the amount of revenue can be measured reliably; - it is probable that the Company will receive the consideration due under the contract; - the stage of completion of the contract at the end of the reporting period can be measured reliably; and - the costs incurred and the costs to complete the contract can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Development costs	-	10% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and fittings	-	25% straight line
Computer Equipment	-	25% straight line

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 5 (2025: 5 ).

5. Tax on (loss)/profit

Major components of tax expense

	2026	2025
	£	£

Current tax:

UK current tax expense	59,728	85,813

Deferred tax:

Origination and reversal of timing differences	( 404)	( 88)
	--------	--------
Tax on (loss)/profit	59,324	85,725
	--------	--------

6. Intangible assets

	Development costs
	£
Cost
At 1 April 2025	1,118,144
Additions	121,715
	------------
At 31 March 2026	1,239,859
	------------
Amortisation
At 1 April 2025	575,925
Charge for the year	101,274
	------------
At 31 March 2026	677,199
	------------
Carrying amount
At 31 March 2026	562,660
	------------
At 31 March 2025	542,219
	------------

7. Tangible assets

	Fixtures and fittings	Equipment	Total
	£	£	£
Cost
At 1 April 2025	328	11,073	11,401
Additions	–	883	883
	----	--------	--------
At 31 March 2026	328	11,956	12,284
	----	--------	--------
Depreciation
At 1 April 2025	328	9,044	9,372
Charge for the year	–	1,283	1,283
	----	--------	--------
At 31 March 2026	328	10,327	10,655
	----	--------	--------
Carrying amount
At 31 March 2026	–	1,629	1,629
	----	--------	--------
At 31 March 2025	–	2,029	2,029
	----	--------	--------

8. Debtors

	2026	2025
	£	£
Trade debtors	135,018	153,853
Prepayments and accrued income	3,988	24,782
Corporation tax repayable	3,024	–
Other debtors	99,659	162,489
	---------	---------
	241,689	341,124
	---------	---------

9. Creditors: amounts falling due within one year

	2026	2025
	£	£
Bank loans	116,313	18,961
Trade creditors	11,444	2,058
Accruals and deferred income	50	7,500
Corporation tax	–	86,764
Social security and other taxes	40,158	23,996
Other creditors	4,803	4,461
	---------	---------
	172,768	143,740
	---------	---------

10. Creditors: amounts falling due after more than one year

	2026	2025
	£	£
Bank loans	323,768	–
	---------	----

11. Provisions

	Deferred tax
	£
At 1 April 2025	106
Charge against provision	( 404)
	----
At 31 March 2026	( 298)
	----

The deferred tax balance of £194 (2025 : £194) is made up of accelerated capital allowances of £(247) (2025 : £(281)) and pension surplus of £140 (2025 : £87).

12. Called up share capital

Issued, called up and fully paid

	2026		2025
	No.	£	No.	£
Ordinary A shares of £ 0.01 each	–	–	412,500	4,125
Ordinary C shares of £ 0.01 each	–	–	200	2
Ordinary D shares of £ 0.01 each	–	–	75	1
Ordinary E shares of £ 0.01 each	–	–	105	1
Ordinary F shares of £ 0.01 each	–	–	95	1
Ordinary A1 shares of £0.01 each	275,275	2,753	–	–
Ordinary A2 shares of £0.01 each	137,700	1,377	–	–
	---------	-------	---------	-------
	412,975	4,130	412,975	4,130
	---------	-------	---------	-------

13. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2026	2025
	£	£
Not later than 1 year	–	8,776
	----	-------

14. Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £11,887 (2025 - £8,001). The amount outstanding at the balance sheet date was £3,528 (2025 - £1,011).

15. Transactions with directors

The amount due from the directors in aggregate at the year end was £ nil (2025 - £30,062). Interest has been charged on these loans at the HMRC approved rate of 2.5%. These loans are repayable on demand. The amount due from a shareholder at the year end was £ nil (2025 - £33,416). Interest has been charged on this loan at the HMRC approved rate of 2.5%. This loan is repayable on demand.