Caseware UK (AP4) 2024.0.164 2024.0.164 2025-08-31 2025-08-31 The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 2024-09-01 The company's principal activites during the year continued to be that of property development and the provision of finance via joint venture arrangements concerned with property development.2 2 true true false 04358206 2024-09-01 2025-08-31 04358206 2023-09-01 2024-08-31 04358206 2025-08-31 04358206 2024-08-31 04358206 c:Director1 2024-09-01 2025-08-31 04358206 d:CurrentFinancialInstruments 2025-08-31 04358206 d:CurrentFinancialInstruments 2024-08-31 04358206 d:CurrentFinancialInstruments d:WithinOneYear 2025-08-31 04358206 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 04358206 d:ShareCapital 2025-08-31 04358206 d:ShareCapital 2024-08-31 04358206 d:RetainedEarningsAccumulatedLosses 2025-08-31 04358206 d:RetainedEarningsAccumulatedLosses 2024-08-31 04358206 c:OrdinaryShareClass1 2024-09-01 2025-08-31 04358206 c:OrdinaryShareClass1 2025-08-31 04358206 c:OrdinaryShareClass1 2024-08-31 04358206 c:FRS102 2024-09-01 2025-08-31 04358206 c:AuditExempt-NoAccountantsReport 2024-09-01 2025-08-31 04358206 c:FullAccounts 2024-09-01 2025-08-31 04358206 c:PrivateLimitedCompanyLtd 2024-09-01 2025-08-31 04358206 e:PoundSterling 2024-09-01 2025-08-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 04358206 PROPEQUITY LIMITED UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 AUGUST 2025
PROPEQUITY LIMITED REGISTERED NUMBER: 04358206 BALANCE SHEET AS AT 31 AUGUST 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 4 | 576,368 |  | 576,368 |
Cash at bank and in hand |  | 7,942 |  | 11,395 |
|  | 584,310 |  | 587,763 |
Creditors: amounts falling due within one year | 5 | (2,545,209) |  | (2,545,175) |
Net current liabilities |  |  | (1,960,899) |  | (1,957,412)
Net liabilities |  |  | (1,960,899) |  | (1,957,412)
Capital and reserves |  |  |  |  |
Called up share capital | 6 |  | 100 |  | 100
Profit and loss account |  |  | (1,960,999) |  | (1,957,512)
|  |  | (1,960,899) |  | (1,957,412)
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 4 form part of these financial statements. Page 1
PROPEQUITY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
1. | General information
Propequity Limited is a private company, limited by shares, and is incorporated in England and Wales. The address of its registered office is 26-28 Neal Street, London, WC2H 9QQ. The financial statements are presented in sterling which is the functional currency of the company. 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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and 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 ultimate parent company, Universal Consolidated Group Limited, which is one of the company's major creditors, has confirmed that it will continue to maintain its financial support of the company, by deferment of the amounts due to it or by other means. On this basis the directors consider it appropriate to prepare the financial statments on the going concern basis.
| 2.3 | 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 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. Page 2
PROPEQUITY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 2.Accounting policies (continued)
| 2.3 | Financial instruments (continued)
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 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.
| 2.4 | Joint arrangements
Joint arrangements refer to those arrangements under which the company enters into contractual agreements with other parties to provide finance to those parties and jointly participates in specific property developments with those parties. Such arrangements do not cause joint venture entities to arise.
3. | Employees
| The average monthly number of employees, including directors, during the year was 2 (2024 - 2).
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PROPEQUITY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
4. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Amounts owed by group undertakings | 576,368 | 576,368
|  | 576,368 | 576,368
5. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Amounts owed to group undertakings | 2,543,059 | 2,543,025
| Accruals and deferred income | 2,150 | 2,150
|  | 2,545,209 | 2,545,175
| The aggregate creditors of the company for which security has been given by the company at the balance sheet date totalled £2,543,059 (2024 - £2,543,025). The security is by way of a debenture over the company's assets.
6. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 100 (2024 - 100) Ordinary shares of £1.00 each | 100 | 100
7. | 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.
8. | 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, Covent Garden, London WC2H 9QQ. The ultimate parent company is Universal Consolidated Group Holdings Limited , a company registered in England and Wales.
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