Prospectus Corporate Limited - Period Ending 2015-10-31

Registration number: 03445378

Prospectus Corporate Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 October 2014
 

MyAccountant.co.uk Limited
Whitefriars
Lewins Mead
Bristol
Bristol
BS1 2NT

Prospectus Corporate Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Prospectus Corporate Limited
for the Year Ended 31 October 2014

As described on the balance sheet you are responsible for the preparation of the financial statements of Prospectus Corporate Limited for the year ended 31 October 2014 set out on pages 2 to 4 and you consider that the company is exempt from an audit. In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

......................................

MyAccountant.co.uk Limited
Whitefriars
Lewins Mead
Bristol
Bristol
BS1 2NT

23 January 2015

Page 1

Prospectus Corporate Limited
(Registration number: 03445378)
Abbreviated Balance Sheet at 31 October 2014

		Note			2014 £			2013 £
Fixed assets
Tangible fixed assets					1,657			1,211
Current assets
Debtors					23,568			6,190
Cash at bank and in hand					371,737			379,570
					395,305			385,760
Creditors: Amounts falling due within one year					(16,165)			(14,793)
Net current assets					379,140			370,967
Net assets					380,797			372,178
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					380,697			372,078
Shareholders' funds					380,797			372,178

For the year ending 31 October 2014 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 23 January 2015 and signed on its behalf by:

.........................................
Mr Clive Edward Hammond
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Prospectus Corporate Limited
Notes to the Abbreviated Accounts for the Year Ended 31 October 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its
estimated useful life.

Asset class	Depreciation method and rate
Office equipment	Straight line over 3 years
Fixtures and Fittings	25% on reducing balance

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 November 2013		11,708			11,708
Additions		1,738			1,738
At 31 October 2014		13,446			13,446
Depreciation
At 1 November 2013		10,497			10,497
Charge for the year		1,292			1,292
At 31 October 2014		11,789			11,789
Net book value
At 31 October 2014		1,657			1,657
At 31 October 2013		1,211			1,211

Page 3

Prospectus Corporate Limited
Notes to the Abbreviated Accounts for the Year Ended 31 October 2014
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary shares of £1 each		100			100			100			100

Page 4