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REGISTERED NUMBER: 09975113 (England and Wales)















REPORT OF THE DIRECTOR AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025

FOR

PROQUEST CAPITAL UK LIMITED

PROQUEST CAPITAL UK LIMITED (REGISTERED NUMBER: 09975113)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025




Page

Company Information 1

Report of the Director 2

Report of the Accountants 3

Income Statement 4

Balance Sheet 5

Notes to the Financial Statements 7


PROQUEST CAPITAL UK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2025







DIRECTOR: Mr Van der Merwe





REGISTERED OFFICE: Ground Floor Marlborough House
298 Regents Park Road
London
N3 2SZ





REGISTERED NUMBER: 09975113 (England and Wales)





ACCOUNTANTS: Fusion Accountancy Limited
Marlborough House
298 Regents Park Road
London
N3 2SZ

PROQUEST CAPITAL UK LIMITED (REGISTERED NUMBER: 09975113)

REPORT OF THE DIRECTOR
FOR THE YEAR ENDED 31 JANUARY 2025

The director presents his report with the financial statements of the company for the year ended 31 January 2025.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of own or leased real estate.

DIRECTOR
Mr Van der Merwe held office during the whole of the period from 1 February 2024 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mr Van der Merwe - Director


3 April 2025

PROQUEST CAPITAL UK LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTOR OF
PROQUEST CAPITAL UK LIMITED


In accordance with the engagement letter, and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.

This report is made to the directors in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the directors the financial statements that we have been engaged to compile, to report to the directors that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's directors for our work or for this report.

You have acknowledged on the balance sheet as at period ended 31 January 2025 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.

We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.






Fusion Accountancy Limited
Marlborough House
298 Regents Park Road
London
N3 2SZ


3 April 2025

PROQUEST CAPITAL UK LIMITED (REGISTERED NUMBER: 09975113)

INCOME STATEMENT
FOR THE YEAR ENDED 31 JANUARY 2025

31.1.25 31.1.24
£    £   

TURNOVER 48,296 44,124

Cost of sales 14,510 16,262
GROSS PROFIT 33,786 27,862

Administrative expenses 17,006 21,478
OPERATING PROFIT 16,780 6,384

Gain/loss on revaluation of investment
property

(15,000

)

24,946
1,780 31,330

Interest payable and similar expenses 11,840 11,743
(LOSS)/PROFIT BEFORE TAXATION (10,060 ) 19,587

Tax on (loss)/profit (2,850 ) 4,740
(LOSS)/PROFIT FOR THE FINANCIAL
YEAR

(7,210

)

14,847

PROQUEST CAPITAL UK LIMITED (REGISTERED NUMBER: 09975113)

BALANCE SHEET
31 JANUARY 2025

31.1.25 31.1.24
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 580,000 595,000

CURRENT ASSETS
Debtors 5 655 770
Cash at bank 25,675 21,426
26,330 22,196
CREDITORS
Amounts falling due within one year 6 1,848 1,680
NET CURRENT ASSETS 24,482 20,516
TOTAL ASSETS LESS CURRENT
LIABILITIES

604,482

615,516

CREDITORS
Amounts falling due after more than one
year

7

(597,449

)

(598,422

)

PROVISIONS FOR LIABILITIES (1,889 ) (4,740 )
NET ASSETS 5,144 12,354

CAPITAL AND RESERVES
Called up share capital 8 2 2
Revaluation reserve 9 8,057 20,207
Retained earnings 9 (2,915 ) (7,855 )
SHAREHOLDERS' FUNDS 5,144 12,354

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

PROQUEST CAPITAL UK LIMITED (REGISTERED NUMBER: 09975113)

BALANCE SHEET - continued
31 JANUARY 2025


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

The financial statements were approved by the director and authorised for issue on 3 April 2025 and were signed by:





Mr Van der Merwe - Director


PROQUEST CAPITAL UK LIMITED (REGISTERED NUMBER: 09975113)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

1. STATUTORY INFORMATION

ProQuest Capital UK Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Going concern
The directors have formed a judgement at the time of approving the Annual Financial Statements, that there is a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason the directors have adopted the going concern basis in preparing the accounts.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

PROQUEST CAPITAL UK LIMITED (REGISTERED NUMBER: 09975113)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2024 595,000
Revaluations (15,000 )
At 31 January 2025 580,000
NET BOOK VALUE
At 31 January 2025 580,000
At 31 January 2024 595,000

In the opinion of the directors, the fair value of the investment properties is considered to be £580,000 as at 31 January 2025.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Trade debtors 655 770

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Accruals and deferred income 1,848 1,680

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.25 31.1.24
£    £   
Directors' loan accounts 597,449 598,422

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.25 31.1.24
value: £    £   
2 Ordinary 1 2 2

9. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 February 2024 (7,855 ) 20,207 12,352
Deficit for the year (7,210 ) (7,210 )
Revaluation reserve 12,150 (12,150 ) -
At 31 January 2025 (2,915 ) 8,057 5,142

PROQUEST CAPITAL UK LIMITED (REGISTERED NUMBER: 09975113)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025

10. RELATED PARTY DISCLOSURES

Included under creditors falling due after one year is an amount due to Mr Van Der Merwe, the company director, of £597,449 (2024 - £598,422). This loan is interest bearing at 2% per annum, of no fixed term and long-term in nature.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party of the company is the company's shareholder and director.

12. TAXATION

The company has carried forward tax losses of £5,254 (2024 - £10,194) which it can use against future taxable profits.