PROSPECT DEVELOPMENT (NW) LTD

PROSPECT DEVELOPMENT (NW) LTD

PROSPECT DEVELOPMENT (NW) LTD - Company Information

Print Friendly Version

PROSPECT DEVELOPMENT (NW) LTD

Company Registration Number:
06129758 (England and Wales)

Unaudited abridged accounts for the year ended 28 February 2022

Period of accounts

Start date: 01 March 2021

End date: 28 February 2022

PROSPECT DEVELOPMENT (NW) LTD

Contents of the Financial Statements

for the Period Ended 28 February 2022

Balance sheet
Notes

PROSPECT DEVELOPMENT (NW) LTD

Balance sheet

As at 28 February 2022


Notes
2022
2021


£
£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 1,130,909 1,129,329
Investments:   0 0
Total fixed assets: 1,130,909 1,129,329
Current assets
Stocks: 1,089,508 718,375
Debtors: 4 1,715 4,113
Cash at bank and in hand: 416,814 418,574
Investments:   0 0
Total current assets: 1,508,037 1,141,062
Creditors: amounts falling due within one year: 5 (2,801,056) (2,387,165)
Net current assets (liabilities): (1,293,019) (1,246,103)
Total assets less current liabilities: (162,110) (116,774)
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Total net assets (liabilities): (162,110) (116,774)
Capital and reserves
Called up share capital: 1,000 1,000
Share premium account: 0 0
Revaluation reserve: 00
Other reserves: 0 0
Profit and loss account: (163,110) (117,774)
Shareholders funds: (162,110) (116,774)

The notes form part of these financial statements

PROSPECT DEVELOPMENT (NW) LTD

Balance sheet statements

For the year ending 28 February 2022 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 18 October 2022
and signed on behalf of the board by:

Name: Christopher Holme
Status: Director

The notes form part of these financial statements

PROSPECT DEVELOPMENT (NW) LTD

Notes to the Financial Statements

for the Period Ended 28 February 2022

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

PROSPECT DEVELOPMENT (NW) LTD

Notes to the Financial Statements

for the Period Ended 28 February 2022

2. Employees

2022 2021
Average number of employees during the period 5 4

PROSPECT DEVELOPMENT (NW) LTD

Notes to the Financial Statements

for the Period Ended 28 February 2022

3. Tangible Assets

Total
Cost £
At 01 March 2021 1,137,521
Additions 8,081
Disposals 0
Revaluations 0
Transfers 0
At 28 February 2022 1,145,602
Depreciation
At 01 March 2021 8,192
Charge for year 6,501
On disposals 0
Other adjustments 0
At 28 February 2022 14,693
Net book value
At 28 February 2022 1,130,909
At 28 February 2021 1,129,329

PROSPECT DEVELOPMENT (NW) LTD

Notes to the Financial Statements

for the Period Ended 28 February 2022

4. Debtors

2022 2021
££
Debtors due after more than one year: 0 3,039

PROSPECT DEVELOPMENT (NW) LTD

Notes to the Financial Statements

for the Period Ended 28 February 2022

5. Creditors: amounts falling due within one year note

Trade Creditors, £6,517; Taxes & Social Security, £8,044; Other Creditors, £2,000;Loans from directors, £2,738995;Accruals, £500

PROSPECT DEVELOPMENT (NW) LTD

Notes to the Financial Statements

for the Period Ended 28 February 2022

6. Related party transactions

Name of the related party: Frank Heald
Relationship:
Director
Description of the Transaction: Loan to the company £401,200
£
Balance at 01 March 2021 2,381,200
Balance at 28 February 2022 2,782,400
Name of the related party: Chris Holme
Relationship:
Director
Description of the Transaction: Loan of £1,594
£
Balance at 01 March 2021 1,200
Balance at 28 February 2022 1,594