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REGISTERED NUMBER: 10502197 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

UK PROGRESSIVE PROPERTY LTD

UK PROGRESSIVE PROPERTY LTD (REGISTERED NUMBER: 10502197)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


UK PROGRESSIVE PROPERTY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTOR: Mrs. N H Celikcan





REGISTERED OFFICE: Unit 2.02
High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES





REGISTERED NUMBER: 10502197 (England and Wales)





ACCOUNTANTS: Acuity Professional Partnership LLP
Unit 2.02
High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES

UK PROGRESSIVE PROPERTY LTD (REGISTERED NUMBER: 10502197)

STATEMENT OF FINANCIAL POSITION
30 NOVEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 642,092 670,443

CURRENT ASSETS
Debtors 5 3,104 3,104
Cash at bank 17,427 22,424
20,531 25,528
CREDITORS
Amounts falling due within one year 6 608,916 627,424
NET CURRENT LIABILITIES (588,385 ) (601,896 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

53,707

68,547

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 53,607 68,447
SHAREHOLDERS' FUNDS 53,707 68,547

UK PROGRESSIVE PROPERTY LTD (REGISTERED NUMBER: 10502197)

STATEMENT OF FINANCIAL POSITION - continued
30 NOVEMBER 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 July 2025 and were signed by:





Mrs. N H Celikcan - Director


UK PROGRESSIVE PROPERTY LTD (REGISTERED NUMBER: 10502197)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024


1. STATUTORY INFORMATION

UK Progressive Property Ltd 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.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful
life.
Freehold property - 2% on straight line
Fixtures and fittings - 15% on reducing balance

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Long and
property leasehold fittings Totals
£    £    £    £   
Cost or valuation
At 1 December 2023 429,838 257,305 5,994 693,137
Revaluations - (17,305 ) - (17,305 )
At 30 November 2024 429,838 240,000 5,994 675,832
Depreciation
At 1 December 2023 8,597 10,470 3,627 22,694
Charge for year 8,597 2,094 355 11,046
At 30 November 2024 17,194 12,564 3,982 33,740
Net book value
At 30 November 2024 412,644 227,436 2,012 642,092
At 30 November 2023 421,241 246,835 2,367 670,443

UK PROGRESSIVE PROPERTY LTD (REGISTERED NUMBER: 10502197)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 30 November 2024 is represented by:

Fixtures
Freehold Long and
property leasehold fittings Totals
£    £    £    £   
Valuation in 2024 - (17,305 ) - (17,305 )
Cost 429,838 257,305 5,994 693,137
429,838 240,000 5,994 675,832

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 3,104 3,104

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 94 -
Amounts owed to associates 11,308 -
Taxation and social security 3,280 23,579
Other creditors 594,234 603,845
608,916 627,424

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
70 Ordinary £1 70 70
30 Class A £1 30 30
100 100

8. RELATED PARTY DISCLOSURES

Other creditors includes an amount of £278,959 due to the director- Mrs N H Celikcan. This is an interest free and unsecured advance to the company which does not have a fixed date of repayment and £312,750 due to Miss Ruby Kingsley.Interest is charged for £1.50% p.a.