Caseware UK (AP4) 2024.0.164 2024.0.164 2024-08-312024-08-31falsefalse2023-09-01No description of principal activity00truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10084642 2023-09-01 2024-08-31 10084642 2022-09-01 2023-08-31 10084642 2024-08-31 10084642 2023-08-31 10084642 2022-09-01 10084642 c:Director3 2023-09-01 2024-08-31 10084642 c:Director4 2023-09-01 2024-08-31 10084642 c:Director4 2024-08-31 10084642 c:Director5 2023-09-01 2024-08-31 10084642 c:Director5 2024-08-31 10084642 c:RegisteredOffice 2023-09-01 2024-08-31 10084642 d:CurrentFinancialInstruments 2024-08-31 10084642 d:CurrentFinancialInstruments 2023-08-31 10084642 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 10084642 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 10084642 d:ShareCapital 2023-09-01 2024-08-31 10084642 d:ShareCapital 2024-08-31 10084642 d:ShareCapital 2022-09-01 2023-08-31 10084642 d:ShareCapital 2023-08-31 10084642 d:ShareCapital 2022-09-01 10084642 d:RetainedEarningsAccumulatedLosses 2023-09-01 2024-08-31 10084642 d:RetainedEarningsAccumulatedLosses 2024-08-31 10084642 d:RetainedEarningsAccumulatedLosses 2022-09-01 2023-08-31 10084642 d:RetainedEarningsAccumulatedLosses 2023-08-31 10084642 d:RetainedEarningsAccumulatedLosses 2022-09-01 10084642 c:OrdinaryShareClass1 2023-09-01 2024-08-31 10084642 c:OrdinaryShareClass1 2024-08-31 10084642 c:OrdinaryShareClass1 2023-08-31 10084642 c:FRS102 2023-09-01 2024-08-31 10084642 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 10084642 c:FullAccounts 2023-09-01 2024-08-31 10084642 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 10084642 e:PoundSterling 2023-09-01 2024-08-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 10084642









ASSURED PROPERTY FINANCE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2024

 
ASSURED PROPERTY FINANCE LIMITED
 
 
COMPANY INFORMATION


Directors
C Spires 
K Hawkes (resigned 17 April 2024)
N Raval (appointed 17 April 2024)




Registered number
10084642



Registered office
1st Floor, Kirkdale House
7 Kirkdale Road

Leytonstone

London

E11 1HP





 
ASSURED PROPERTY FINANCE LIMITED
 

CONTENTS



Page
Statement of financial position
1 - 2
Statement of changes in equity
3 - 4
Notes to the financial statements
5 - 7


 
ASSURED PROPERTY FINANCE LIMITED
REGISTERED NUMBER: 10084642

STATEMENT OF FINANCIAL POSITION
AS AT 31 AUGUST 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 3 
10,590,162
17,247,732

Cash at bank and in hand
 4 
15,827
577,577

  
10,605,989
17,825,309

Creditors: amounts falling due within one year
 5 
(14,758,814)
(16,083,874)

Net current (liabilities)/assets
  
 
 
(4,152,825)
 
 
1,741,435

Total assets less current liabilities
  
(4,152,825)
1,741,435

  

Net (liabilities)/assets
  
(4,152,825)
1,741,435


Capital and reserves
  

Called up share capital 
 6 
100
100

Profit and loss account
  
(4,152,925)
1,741,335

  
(4,152,825)
1,741,435


The directors consider 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 year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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 comprehensive income 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 on 29 August 2025.





................................................
C Spires
Page 1

 
ASSURED PROPERTY FINANCE LIMITED
REGISTERED NUMBER: 10084642
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 AUGUST 2024

Director

Page 2

 
ASSURED PROPERTY FINANCE LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 AUGUST 2024


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1st September 2023
100
1,741,335
1,741,435


Comprehensive income for the year

Loss for the year
-
(5,894,260)
(5,894,260)


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
(5,894,260)
(5,894,260)


Total transactions with owners
-
-
-


At 31st August 2024
100
(4,152,925)
(4,152,825)


Page 3

 
ASSURED PROPERTY FINANCE LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 AUGUST 2023


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1st September 2022
100
2,389,994
2,390,094


Comprehensive income for the year

Loss for the year
-
(648,659)
(648,659)


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
(648,659)
(648,659)


Total transactions with owners
-
-
-


At 31st August 2023
100
1,741,335
1,741,435


Page 4

 
ASSURED PROPERTY FINANCE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2024

1.


General information

Assured Property Finance Limited is a limited company domiciled and incorporated in England and Wales. The registered office is First floor Kirkdale House, Kirkdale Road, Leytonstone, London, E11 1HP.

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover comprises revenue recognised by the company in respect of fees and interest receivable.

  
2.3

Loans receivable

Loans are stated as the amount receivable less provisions. The impairment policy is based on the likelihood of any loan defaulting and the estimated loss on such a default. Specific provisions are made when the directors consider that the recoverability of the loan is in part or in whole doubtful. Impairment provisions are charged to the profit and loss account.

 
2.4

Taxation

The tax expense represents the tax currently payable.
Current tax
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

 
2.5

Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
ASSURED PROPERTY FINANCE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2024

2.Accounting policies (continued)

 
2.7

Financial instruments


Basic financial instruments are measured at cost. The Company has no financial instruments measured at fair value or classified as a financial instrument under FRS 102.


3.


Debtors

2024
2023
£
£


Trade debtors
8,833,920
11,986,045

Other debtors
5,720
5,720

Prepayments and accrued income
1,750,522
5,255,967

10,590,162
17,247,732



4.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
15,827
577,577

15,827
577,577



5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other loans
8,453,559
10,191,325

Trade creditors
9,108
342

Corporation tax
-
120,916

Other creditors
5,839,384
5,128,022

Accruals and deferred income
456,763
643,269

14,758,814
16,083,874


Loans of £7,778,560 (2023: £9,516,325) are secured by a fixed and floating charge over the Company's assets.

Page 6

 
ASSURED PROPERTY FINANCE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2024

6.


Share capital

2024
2023
£
£
Authorised, allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100



7.


Related party transactions

At the year end the Company was owed £1,473,695 (2023: £1,813,666) by companies in which there are common directors.
At the year end the Company owed £5,815,285 (2023: £5,059,722) to a company in which there are common directors.

Page 7