Prospect Capital Limited - Abbreviated accounts

PROSPECT CAPITAL LTD - Company Information

Registered number

05298460

Prospect Capital Limited

Abbreviated Accounts

30 November 2016

Prospect Capital Limited
Registered number:		05298460
Abbreviated Balance Sheet
as at 30 November 2016

Notes			2016			2015
£				£
Fixed assets
Tangible assets	2		1			1

Current assets
Debtors		27,159			12,968
Cash at bank and in hand		7,787			5,337
		34,946			18,305

Creditors: amounts falling due within one year		(34,944)			(18,302)

Net current assets			2			3

Net assets			3			4

Capital and reserves
Called up share capital	3		2			2
Profit and loss account			1			2

Shareholder's funds			3			4

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



J L Behar
Director
Approved by the board on 22 August 2017

Prospect Capital Limited
Notes to the Abbreviated Accounts
for the year ended 30 November 2016

1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

	Turnover
	Turnover represents the value, net of value added tax and discounts, of services provided to clients in the year.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Furniture and equipment			25% straight line

	Deferred taxation
	Full provision is made for deferred tax liabilities resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred tax assets are recognised to the extent that the directors regard it as more likely than not that they will be recovered. Deferred taxation is calculated on an undiscounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

	Foreign currencies
	Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.


2	Tangible fixed assets					£

	Cost
	At 1 December 2015					3,630
	At 30 November 2016					3,630

	Depreciation
	At 1 December 2015					3,629
	At 30 November 2016					3,629

	Net book value
	At 30 November 2016					1
	At 30 November 2015					1


3	Share capital	Nominal		2016		2016		2015
value			Number		£		£
	Allotted, called up and fully paid:
	A Ordinary shares	£1 each		1		1		1
	B Ordinary shares	£1 each		1		1		1
						2		2