Caseware UK (AP4) 2024.0.164 2024.0.164 2025-08-31 2025-08-31 The principal activity of the company during the year continued to be that of property development.2 false 2024-09-01 2 true true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04488797 2024-09-01 2025-08-31 04488797 2023-09-01 2024-08-31 04488797 2025-08-31 04488797 2024-08-31 04488797 c:Director1 2024-09-01 2025-08-31 04488797 d:CurrentFinancialInstruments 2025-08-31 04488797 d:CurrentFinancialInstruments 2024-08-31 04488797 d:CurrentFinancialInstruments d:WithinOneYear 2025-08-31 04488797 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 04488797 d:ShareCapital 2025-08-31 04488797 d:ShareCapital 2024-08-31 04488797 d:RetainedEarningsAccumulatedLosses 2025-08-31 04488797 d:RetainedEarningsAccumulatedLosses 2024-08-31 04488797 c:OrdinaryShareClass1 2024-09-01 2025-08-31 04488797 c:OrdinaryShareClass1 2025-08-31 04488797 c:OrdinaryShareClass1 2024-08-31 04488797 c:FRS102 2024-09-01 2025-08-31 04488797 c:AuditExempt-NoAccountantsReport 2024-09-01 2025-08-31 04488797 c:FullAccounts 2024-09-01 2025-08-31 04488797 c:PrivateLimitedCompanyLtd 2024-09-01 2025-08-31 04488797 2 2024-09-01 2025-08-31 04488797 e:PoundSterling 2024-09-01 2025-08-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 04488797 PROPEQUITY (CANTERBURY) LIMITED UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 AUGUST 2025
PROPEQUITY (CANTERBURY) LIMITED REGISTERED NUMBER: 04488797 BALANCE SHEET AS AT 31 AUGUST 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Current assets |  |  |  |  |
Stocks | 4 | 165,000 |  | 165,000 |
Debtors: amounts falling due within one year | 5 | 391,400 |  | 396,436 |
Cash at bank and in hand |  | 44,470 |  | 29,958 |
|  | 600,870 |  | 591,394 |
Creditors: amounts falling due within one year | 6 | (668,566) |  | (665,627) |
Net liabilities |  |  | (67,696) |  | (74,233)
Capital and reserves |  |  |  |  |
Called up share capital | 7 |  | 100 |  | 100
Profit and loss account |  |  | (67,796) |  | (74,333)
|  |  | (67,696) |  | (74,233)
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 income and retained earnings 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:
P J M Williams
Director
Date: 13 January 2026
The notes on pages 2 to 5 form part of these financial statements. Page 1
PROPEQUITY (CANTERBURY) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
1. | General information
Propequity (Canterbury) Limited is a private company, limited by shares, incorporated in England and Wales. The address of its registered office is 26-28 Neal Street, Covent Garden, London, WC2H 9QQ. The functional and presentational currency of the company is considered to be pounds sterling (£) being the currency of the primary economic in which the company operates. 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 | Going concern
The financial statements have been prepared on the going concern basis which assumes that the company will continue in operation for the foreseeable future, being a period of at least twelve months from the date of approval of these financial statements. The immediate parent company, Universal Consolidated Group Limited, has confirmed that it will continue to maintain its financial support of the company alongside a fellow subsidary company which has confirmed its support, by deferment of the amounts due to it. The directors are therefore satisfied that the company will have sufficient resources to enable it to continue normal operations for the foreseeable future and that it is therefore appropriate to prepare the financial statements on a going concern basis.
| 2.3 | Turnover
Turnover represents proceeds from property sales, and rental income, and is stated net of value added tax where appropriate. Rental income is accrued on a time apportioned basis under the term of the lease.
| 2.4 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 2.5 | Taxation
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. 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. Page 2
PROPEQUITY (CANTERBURY) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 2.Accounting policies (continued)
| 2.6 | Stocks
Stock, which comprises development properties held for resale, is valued at the lower of cost and net realisable value. Cost includes property purchase costs and all subsequent development costs. Interest payable arising on loans for the acquisition of specific property developments is written off as incurred. Net realisable value is based on the estimated sales price of each property development less all costs expected to be incurred to the date of disposal. Property acquisitions and disposals are accounted for when legally binding contracts which are irrevocable and effectively unconditional are exchanged and, in the case of disposals, where completion has taken place prior to the date on which the financial statements are approved.
| 2.7 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
| 2.8 | Financial instruments
Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include trade and other debtors, cash and bank balances, 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. Page 3
PROPEQUITY (CANTERBURY) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 2.Accounting policies (continued)
| 2.8 | Financial instruments (continued)
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 trade and other creditors, bank loans 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. 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.
3. | Employees
| The average monthly number of employees, including directors, during the year was 2 (2024 - 2).
4. | Stocks
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Development properties | 165,000 | 165,000
Page 4
PROPEQUITY (CANTERBURY) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
5. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 4,218 | 9,168
| Amounts owed by group undertakings | 385,096 | 385,096
| Other debtors | 257 | 363
| Prepayments and accrued income | 1,829 | 1,809
|  | 391,400 | 396,436
6. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 2,239 | 318
| Amounts owed to group undertakings | 661,368 | 661,368
| Corporation tax | 1,964 | 1,082
| Accruals and deferred income | 2,995 | 2,859
|  | 668,566 | 665,627
7. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 100 (2024 - 100) Ordinary shares of £1.00 each | 100 | 100
8. | Related party transactions
| The company has taken advantage of the exemption afforded by FRS 102 not to disclose transactions or balances with other wholly owned members of the group.
9. | Controlling party
The immediate parent company is Universal Consolidated Group Limited, a company registered in England and Wales. The address of its registered office is 26-28 Neal Street, London, WC2H 9QQ. The ultimate parent company is Universal Consolidated Group Holdings Limited, a company registered in England and Wales.
Page 5