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Company Registration No. 05901271 (England and Wales)
Propacea Limited Unaudited accounts for the year ended 31 August 2025
Propacea Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Propacea Limited Company Information for the year ended 31 August 2025
Director
G Brazg
Company Number
05901271 (England and Wales)
Registered Office
Congress House 14 Lyon Road Harrow HA1 2EN
Accountants
Balmoral Consultancy Services Limited Congress House 14 Lyon Road Harrow Middlesex HA1 2EN
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Propacea Limited Statement of financial position as at 31 August 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
600
800
Investments
5
737,754
679,254
738,354
680,054
Current assets
Cash at bank and in hand
82,756
166,442
Creditors: amounts falling due within one year
6
(156,412)
(130,405)
Net current (liabilities)/assets
(73,656)
36,037
Net assets
664,698
716,091
Capital and reserves
Called up share capital
7
20
20
Profit and loss account
664,678
716,071
Shareholders' funds
664,698
716,091
For the year ending 31 August 2025 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 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 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 and authorised for issue on 6 May 2026 and were signed on its behalf by
G Brazg Director Company Registration No. 05901271
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Propacea Limited Notes to the Accounts for the year ended 31 August 2025
1
Statutory information
Propacea Limited is a private company, limited by shares, registered in England and Wales, registration number 05901271. The registered office is Congress House, 14 Lyon Road, Harrow, HA1 2EN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard. .
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 financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006 . The following principal accounting policies have been applied:
Revenue
Revenue represents amounts receivable for the provision of data, services and advice. Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Sale of goods Revenue from the sale of goods is recognised when all of the following conditions are satisfied: - the Company has transferred the significant risks and rewards of ownership to the buyer; - the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; - the amount of revenue can be measured reliably; - it is probable that the Company will receive the consideration due under the transaction; and - the costs incurred or to be incurred in respect of the transaction can be measured reliably.
Interest Income
Interest income is recognised in the Statement of Income and Retained Earnings using the effective interest method.
Finance costs
Finance costs are charged to the Statement of income and retained earnings over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
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Propacea Limited Notes to the Accounts for the year ended 31 August 2025
Taxation
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold. 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.
Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis. Depreciation is provided on the following basis: Computer equipment - 25% reducing balance The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Income and Retained Earnings.
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
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.
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.
Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
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Propacea Limited Notes to the Accounts for the year ended 31 August 2025
4
Tangible fixed assets
Computer equipment
£
Cost or valuation
At cost
At 1 September 2024
27,808
At 31 August 2025
27,808
Depreciation
At 1 September 2024
27,008
Charge for the year
200
At 31 August 2025
27,208
Net book value
At 31 August 2025
600
At 31 August 2024
800
5
Investments
Other investments
£
Valuation at 1 September 2024
679,254
Additions
58,500
Valuation at 31 August 2025
737,754
6
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
19,035
27,156
Taxes and social security
104,222
79,168
Loans from directors
28,655
19,581
Accruals
4,500
4,500
156,412
130,405
7
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
20 Ordinary shares of £1 each
20
20
8
Transactions with related parties
At the year-end date, the company owed to the director the sum of £28,655 (2024: £19,581). This loan is unsecured, interest-free and repayable on demand. During the year under review, the director, G Brazg received dividends amounting to £257,374 (2024: £329,842).
9
Controlling party
The company is controlled by the director, G Brazg, and family members by virtue of their majority shareholding.
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Propacea Limited Notes to the Accounts for the year ended 31 August 2025
10
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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