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Registered number: 13134576
UK Prop Invest Limited
Unaudited Financial Statements
For The Year Ended 31 January 2025
WAC (Whale & Company) Limited
Chartered Accountants & Business Advisors
UK Prop Invest Limited
Contents
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
UK Prop Invest Limited
Balance Sheet
As At 31 January 2025
Balance Sheet
Registered number: 13134576
2025 2024
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 260,000 260,000
260,000 260,000
CURRENT ASSETS
Debtors 5 6,396 12,513
Cash at bank and in hand 4,119 9,513
10,515 22,026
Creditors: Amounts Falling Due Within One Year 6 (203,710 ) (250,044 )
NET CURRENT ASSETS (LIABILITIES) (193,195 ) (228,018 )
TOTAL ASSETS LESS CURRENT LIABILITIES 66,805 31,982
PROVISIONS FOR LIABILITIES
Deferred Taxation 7 (550 ) (550 )
NET ASSETS 66,255 31,432
CAPITAL AND RESERVES
Called up share capital 8 100 100
Fair value reserve 9 1,653 1,653
Profit and Loss Account 64,502 29,679
SHAREHOLDERS' FUNDS 66,255 31,432
Page 1
Page 2
UK Prop Invest Limited
Balance Sheet (continued)
As At 31 January 2025
For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr C R Clark
Director
22nd September 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
UK Prop Invest Limited
Notes to the Financial Statements
For The Year Ended 31 January 2025
Notes to the Financial Statements
1. General Information
UK Prop Invest Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13134576 . The registered office is Ryknild House, Burnett Road, Streetly, Sutton Coldfield, B74 3EL.
The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.
The presentation currency is GBP, rounded to the nearest pound.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The director has not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable,for the provision of services in the ordinary course of the comapny's activities. It is stated net of discounts, returns, rebates and value added taxes. The company recognises turnover when the amount can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.
2.4. Investment Properties
All investment properties are carried at fair value determined annually by the directors based on their knowledge of the property market and their current tenancies and having regard to any accumulated impairment losses.  Changes in fair value are recognised in the profit and loss account.
2.5. Financial Instruments
Classification
The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilties such as trade and other debtors and creditors and loans.
Recognition and measurement
With the exception of investment property financial assets and liabilities are initially measured at transaction price and subsequently measured at amortised cost. Investment property is initially measured at transaction price and subsequently at fair value.
Impairment
Financial assets that are measured at cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account. For financial assets measured at cost less impairment, the impairment loss is measured as the difference between the asset's carrying amount and the best estimate, which is an approximation of the amount that the company would receive for the asset if it were to be sold at the balance sheet date.
Cash and Cash Equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade Debtors
Trade debtors are amounts due from customers for purchases in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Trade Creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
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UK Prop Invest Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 January 2025
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.7. Share Capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
4. Investment Property
2025
£
Fair Value
As at 1 February 2024 and 31 January 2025 260,000
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2025 2024
£ £
Cost 257,798 257,798
Accumulated depreciation and impairment 6,889 3,452
Carrying amount 250,909 254,346
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 500 10,900
Prepayments and accrued income 896 1,613
Other debtors 5,000 -
6,396 12,513
Page 4
Page 5
UK Prop Invest Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 January 2025
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 650 11,256
Corporation tax 10,030 5,860
Accruals and deferred income 6,942 6,839
Director's loan account 186,088 226,089
203,710 250,044
7. Deferred Taxation
The provision for deferred tax arises from investment property revaluation:
2025 2024
£ £
Other timing differences 550 550
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
9. Reserves
Fair Value Reserve
£
As at 1 February 2024 1,653
As at 31 January 2025 1,653
10. Related Party Transactions
Included in debtors is the sum of £5,000 (2024 - £0) loaned to a company in which the director of this company is also a director and shareholder.  There are currently no repayments terms and no interest is being charged.  Repayment is due on demand.
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