1 January 2024 false No description of principal activity Taxfiler 2024.6 true 11232494business:CompanyLimitedByGuarantee2024-01-012024-12-31 112324942023-12-31 112324942024-01-012024-12-31 11232494business:AuditExempt-NoAccountantsReport2024-01-012024-12-31 11232494business:FilletedAccounts2024-01-012024-12-31 112324942024-12-31 11232494business:Director12024-01-012024-12-31 11232494business:Director22024-01-012024-12-31 11232494business:Director32024-01-012024-12-31 112324942023-12-31 11232494core:WithinOneYear2024-12-31 11232494core:WithinOneYear2023-12-31 11232494core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-12-31 11232494core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 11232494core:PreviouslyStatedAmount2024-12-31 11232494core:PreviouslyStatedAmount2023-12-31 11232494business:SmallEntities2024-01-012024-12-31 11232494countries:EnglandWales2024-01-012024-12-31 11232494core:ComputerEquipment2023-12-31 11232494core:ComputerEquipment2024-12-31 11232494core:ComputerEquipment2024-01-012024-12-31 112324942023-04-012023-12-31 iso4217:GBP xbrli:pure
Company Registration No. 11232494 (England and Wales)
Uk Proptech Association Ltd Unaudited accounts for the year ended 31 December 2024
Uk Proptech Association Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Uk Proptech Association Ltd Company Information for the year ended 31 December 2024
Directors
Ami Raj Kotecha Melanie Jane Leech Saminder Pahal
Company Number
11232494 (England and Wales)
- 3 -
Uk Proptech Association Ltd Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
210 
841 
Current assets
Debtors
5
20,890 
14,982 
Cash at bank and in hand
33,178 
38,534 
54,068 
53,516 
Creditors: amounts falling due within one year
6
(159,467)
(98,287)
Net current liabilities
(105,399)
(44,771)
Net liabilities
(105,189)
(43,930)
Reserves
7
Profit and loss account
(105,189)
(43,930)
Members' funds
(105,189)
(43,930)
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2025 and were signed on its behalf by
Melanie Jane Leech Director Company Registration No. 11232494
- 4 -
Uk Proptech Association Ltd Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Uk Proptech Association Ltd is a private company, limited by guarantee, registered in England and Wales, registration number 11232494.
2
Compliance with accounting standards
The financial statements have been prepared in compliance with United Kingdom Accounting Standards, including Financial Reporting Standard 102 Section 1A Small Entities, ‘‘The Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland’’ (‘‘FRS 102’’) and the Companies Act 2006.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention.
Going concern
The Company’s forecasts and projections, taking account of reasonably possible changes in trading performance, show that the Company should be able to operate within the level of its current facilities. After making enquiries, the Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. While the Company has made a loss in the current period, the Directors continue to work with and have the support of the company’s parent in ensuring the Company’s liabilities are met as they fall due.
Presentation currency
The accounts are presented in £ sterling.
Revenue recognition
Revenue is measured at the fair value of the consideration received or receivable and represents the amount receivable for goods supplied or services rendered, net of returns, discounts and rebates allowed by the Company and value added taxes. Where the consideration receivable in cash or cash equivalents is deferred, and the arrangement constitutes a financing transaction, the fair value of the consideration is measured as the present value of all future receipts using the imputed rate of interest. The Company recognises revenue when (a) the significant risks and rewards of ownership have been transferred to the buyer; (b) the Company retains no continuing involvement or control over the goods; (c) the amount of revenue can be measured reliably; (d) it is probable that future economic benefits will flow to the entity and (e) when the specific criteria relating to the each of Company’s sales channels have been met, as described below. (i) Subscription income Income comprises subscriptions from members which are treated as income in the year to which they relate. Income received in the year relating to future years is credited to deferred income. (ii) Other operating income Other operating income comprises revenue in providing the Company’s annual awards and other events. Revenue is recognised in the accounting period in which the events are held. Income received in the current year relating to future years is credited to deferred income.
- 5 -
Uk Proptech Association Ltd Notes to the Accounts for the year ended 31 December 2024
Tangible fixed assets and depreciation
Tangible assets are stated at cost (or deemed cost), less accumulated depreciation and accumulated impairment losses. Cost includes the original purchase price, costs directly attributable to bringing the asset to its working condition for its intended use, dismantling and restoration costs and borrowing costs capitalised. (i) Depreciation and residual values Depreciation is calculated, using the straight-line method, to allocate the cost to their residual values over their estimated useful lives. Assets currently held comprise of computer equipment depreciated over 4 years.
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 January 2024
2,254 
At 31 December 2024
2,254 
Depreciation
At 1 January 2024
1,413 
Charge for the year
631 
At 31 December 2024
2,044 
Net book value
At 31 December 2024
210 
At 31 December 2023
841 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
17,855 
14,982 
Accrued income and prepayments
113 
- 
Other debtors
2,922 
- 
20,890 
14,982 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
5,221 
(3,092)
Trade creditors
37,211 
60,134 
Taxes and social security
(1,067)
(1,066)
Loans from directors
210 
- 
Accruals
111,893 
500 
Deferred income
5,999 
41,811 
159,467 
98,287 
7
Company limited by guarantee
UK Proptech Association Ltd is a private company limited by guarantee, and is incorporated in England. The liability of each member is limited to £1 with the aim of bringing the property and technology communities closer together.
- 6 -
Uk Proptech Association Ltd Notes to the Accounts for the year ended 31 December 2024
8
Controlling party
The immediate parent undertaking is British Property Federation, a company limited by guarantee with registration number 00778293. British Property Federation is the sole member of the company.
9
Average number of employees
During the year the average number of employees was 0 (2023: 2).
- 7 -