Caseware UK (AP4) 2022.0.179 2022.0.179 2023-04-302023-04-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.No description of principal activityfalse2022-04-051falsetruefalse 14026635 2022-04-04 14026635 2022-04-05 2023-04-30 14026635 2021-04-01 2022-04-04 14026635 2023-04-30 14026635 c:Director1 2022-04-05 2023-04-30 14026635 c:Director1 2023-04-30 14026635 c:RegisteredOffice 2022-04-05 2023-04-30 14026635 d:ComputerEquipment 2022-04-05 2023-04-30 14026635 d:ComputerEquipment 2023-04-30 14026635 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-04-05 2023-04-30 14026635 d:CurrentFinancialInstruments 2023-04-30 14026635 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 14026635 d:ShareCapital 2023-04-30 14026635 d:RetainedEarningsAccumulatedLosses 2023-04-30 14026635 c:OrdinaryShareClass1 2022-04-05 2023-04-30 14026635 c:OrdinaryShareClass1 2023-04-30 14026635 c:FRS102 2022-04-05 2023-04-30 14026635 c:AuditExempt-NoAccountantsReport 2022-04-05 2023-04-30 14026635 c:FullAccounts 2022-04-05 2023-04-30 14026635 c:PrivateLimitedCompanyLtd 2022-04-05 2023-04-30 14026635 2 2022-04-05 2023-04-30 14026635 e:PoundSterling 2022-04-05 2023-04-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 14026635










PROPCAP CONSULTANCY LTD
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2023

 
PROPCAP CONSULTANCY LTD
 

COMPANY INFORMATION


Director
N Ellis-Calcott (appointed 5 April 2022)




Registered number
14026635



Registered office
128 City Road

London

EC1V 2NX




Accountants
EQ Accountants Limited
Chartered Accountants

Pentland House

Saltire Centre

Glenrothes

Fife

KY6 2AH





 
PROPCAP CONSULTANCY LTD
REGISTERED NUMBER: 14026635

STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2023

2023
£

Fixed assets
  

Tangible assets
 4 
983

  
983

Current assets
  

Debtors: amounts falling due within one year
 5 
1,250

Bank and cash balances
  
43,339

  
44,589

Creditors: amounts falling due within one year
 6 
(22,176)

Net current assets
  
 
 
22,413

Total assets less current liabilities
  
23,396

Provisions for liabilities
  

Deferred tax
  
(246)

  
 
 
(246)

Net assets
  
23,150


Capital and reserves
  

Called up share capital 
 7 
100

Profit and loss account
  
23,050

  
23,150


Page 1

 
PROPCAP CONSULTANCY LTD
REGISTERED NUMBER: 14026635

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 APRIL 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




N Ellis-Calcott
Director

Date: 16 April 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
PROPCAP CONSULTANCY LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2023

1.


General information

Propcap Consultancy Ltd is a private company, limited by shares, incorporated in England with registration number 14026635. The registered office is 128 City Road, London, EC1V 2NX.
The financial statements are presented in Sterling which is the functional currency of the company and rounded to the nearest £.
The company was incorporated and began trading on 5 April 2022, therefore the financial statements cover the period from 5 April 2022 to 30 April 2023.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

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.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
PROPCAP CONSULTANCY LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2023

2.Accounting policies (continued)

 
2.4

Current and deferred taxation

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment
-
33%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
PROPCAP CONSULTANCY LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2023

2.Accounting policies (continued)

 
2.6

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.7

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.


3.


Employees

The average monthly number of employees, including directors, during the period was 1.


4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


Additions
1,178



At 30 April 2023

1,178



Depreciation


Charge for the period on owned assets
195



At 30 April 2023

195



Net book value



At 30 April 2023
983

Page 5

 
PROPCAP CONSULTANCY LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2023

5.


Debtors

2023
£


Trade debtors
1,250

1,250



6.


Creditors: Amounts falling due within one year

2023
£

Trade creditors
20

Other taxation and social security
14,941

Other creditors
3,195

Accruals and deferred income
4,020

22,176



7.


Share capital

2023
£
Allotted, called up and fully paid


100 Ordinary shares of £1.00 each
100


On incorporation, 100 Ordinary shares of £1 each were issued for par value.


Page 6