Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-31 2024-12-31 1 false The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.true false true 2024-01-01 No description of principal activity 1 03699503 2024-01-01 2024-12-31 03699503 2023-01-01 2023-12-31 03699503 2024-12-31 03699503 2023-12-31 03699503 c:Director1 2024-01-01 2024-12-31 03699503 d:CurrentFinancialInstruments 2024-12-31 03699503 d:CurrentFinancialInstruments 2023-12-31 03699503 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 03699503 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 03699503 d:ShareCapital 2024-12-31 03699503 d:ShareCapital 2023-12-31 03699503 d:RevaluationReserve 2024-12-31 03699503 d:RevaluationReserve 2023-12-31 03699503 d:RetainedEarningsAccumulatedLosses 2024-12-31 03699503 d:RetainedEarningsAccumulatedLosses 2023-12-31 03699503 c:FRS102 2024-01-01 2024-12-31 03699503 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 03699503 c:FullAccounts 2024-01-01 2024-12-31 03699503 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 03699503 6 2024-01-01 2024-12-31 03699503 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Registered number: 03699503 PROPERTY EQUITY INVESTMENTS (MANAGEMENT) LIMITED UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 DECEMBER 2024
PROPERTY EQUITY INVESTMENTS (MANAGEMENT) LIMITED REGISTERED NUMBER: 03699503 BALANCE SHEET AS AT 31 DECEMBER 2024
|  | 2024 |  | 2023
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Investments | 4 |  | 2,500,000 |  | 2,500,000
|  |  | 2,500,000 |  | 2,500,000
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 5 | 506,250 |  | 450,000 |
|  | 506,250 |  | 450,000 |
Creditors: amounts falling due within one year | 6 | (1,866,236) |  | (1,864,336) |
Net current liabilities |  |  | (1,359,986) |  | (1,414,336)
Total assets less current liabilities |  |  | 1,140,014 |  | 1,085,664
Net assets |  |  | 1,140,014 |  | 1,085,664
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 100 |  | 100
Revaluation reserve |  |  | 1,015,000 |  | 1,015,000
Profit and loss account |  |  | 124,914 |  | 70,564
|  |  | 1,140,014 |  | 1,085,664
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PROPERTY EQUITY INVESTMENTS (MANAGEMENT) LIMITED REGISTERED NUMBER: 03699503 BALANCE SHEET (CONTINUED) AS AT 31 DECEMBER 2024 The director considers 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 director acknowledges his 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 profit and loss account 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 by:
David Gradel
Director
Date: 10 October 2025
The notes on pages 3 to 6 form part of these financial statements. Page 2
PROPERTY EQUITY INVESTMENTS (MANAGEMENT) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
1. | General information
Property Equity Investments (Management) Limited is a private company limited by shares, incorporated in England and Wales, registration number 03699503. The address of the registered office is 5 Dancastle Court, Arcadia Avenue, London, England, N3 2JU. 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 following principal accounting policies have been applied:
| 2.2 | Revenue
Revenue represents dividends received.
| 2.3 | Valuation of investments
Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Profit and loss account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.
| 2.4 | Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
| 2.5 | 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 3
PROPERTY EQUITY INVESTMENTS (MANAGEMENT) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2.Accounting policies (continued)
| 2.6 | Financial instruments
The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments. Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument. Basic financial assets Basic financial assets, which include other debtors, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments. Impairment of financial assets At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss. Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate. If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss. Basic financial liabilities Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities. Basic financial liabilities, which include other creditors and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial. Debt instruments are subsequently carried at their amortised cost using the effective interest rate method. Page 4
PROPERTY EQUITY INVESTMENTS (MANAGEMENT) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2.Accounting policies (continued)
| 2.6 | Financial instruments (continued)
Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial. Derecognition of financial instruments Derecognition of financial assets Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained. Derecognition of financial liabilities Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.
3. | Employees
| The average monthly number of employees, including directors, during the year was 1 (2023 - 1).
4. | Fixed asset investments
|  | Unlisted investments
|  | £
| Cost or valuation |
| At 1 January 2024 | 2,500,000
| At 31 December 2024 | 2,500,000
5. | Debtors
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Other debtors | 506,250 | 450,000
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PROPERTY EQUITY INVESTMENTS (MANAGEMENT) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
6. | Creditors: Amounts falling due within one year
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Amounts owed to group undertakings | 1,864,336 | 1,863,336
| Accruals and deferred income | 1,900 | 1,000
|  | 1,866,236 | 1,864,336
7. | Related party transactions
| Included in creditors is an amount owed of £1,864,336 (2023: £1,863,336) to Property Equity Investment (Holdings) Limited, it's ultimate parent company. During the year dividends of £56,250 (2023: £56,250) were received from UK Estates Limited, an associated company. The dividends for this and previous years were unpaid at the year end and comprise the other debtors.
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