UK Prop Invest Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

1. General Information

UK Prop Invest Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13134576 . The registered office is Ryknild House, Burnett Road, Streetly, Sutton Coldfield, B74 3EL.

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

The presentation currency is GBP, rounded to the nearest pound.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The director has not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable,for the provision of services in the ordinary course of the comapny's activities. It is stated net of discounts, returns, rebates and value added taxes. The company recognises turnover when the amount can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

2.4. Investment Properties

All investment properties are carried at fair value determined annually by the directors based on their knowledge of the property market and their current tenancies and having regard to any accumulated impairment losses. Changes in fair value are recognised in the profit and loss account.

2.5. Financial Instruments

Classification

The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilties such as trade and other debtors and creditors and loans.

Recognition and measurement

With the exception of investment property financial assets and liabilities are initially measured at transaction price and subsequently measured at amortised cost. Investment property is initially measured at transaction price and subsequently at fair value.

Impairment

Financial assets that are measured at cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account. For financial assets measured at cost less impairment, the impairment loss is measured as the difference between the asset's carrying amount and the best estimate, which is an approximation of the amount that the company would receive for the asset if it were to be sold at the balance sheet date.

Cash and Cash Equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade Debtors

Trade debtors are amounts due from customers for purchases in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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UK Prop Invest Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.7. Share Capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2025: 1)

4. Investment Property

	2026
	£
Fair Value
As at 1 February 2025 and 31 January 2026	260,000

If investment property had been accounted for under historical cost accounting rules, the amounts would be:

	2026	2025
	£	£
Cost	257,798	257,798
Accumulated depreciation and impairment	10,326	6,889

Carrying amount	247,472	250,909

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UK Prop Invest Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

5. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	500	500
Prepayments and accrued income	940	896
Other debtors	5,385	5,000

	6,825	6,396

6. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	7,284	650
Corporation tax	13,645	10,030
Accruals and deferred income	6,960	6,942
Director's loan account	140,955	186,088

	168,844	203,710

7. Deferred Taxation

The provision for deferred tax arises from investment property revaluation:

	2026	2025
	£	£
Other timing differences	550	550

8. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	100	100

9. Reserves

	Fair value reserve	Profit and Loss Account
	£	£
As at 1 February 2025	1,653	64,502
Profit for the year and total comprehensive income	-	44,806

As at 31 January 2026	1,653	109,308

10. Related Party Transactions

Included in debtors is the sum of £5,000 (2025 - £5,000) loaned to a company in which the director of this company is also a director and shareholder. There are currently no repayments terms and no interest is being charged. Repayment is due on demand.

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		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Investment Properties	4		260,000		260,000

			260,000		260,000
CURRENT ASSETS
Debtors	5	6,825		6,396
Cash at bank and in hand		13,630		4,119

		20,455		10,515
Creditors: Amounts Falling Due Within One Year	6	(168,844 )		(203,710 )

NET CURRENT ASSETS (LIABILITIES)			(148,389 )		(193,195 )

TOTAL ASSETS LESS CURRENT LIABILITIES			111,611		66,805

PROVISIONS FOR LIABILITIES
Deferred Taxation	7		(550 )		(550 )

NET ASSETS			111,061		66,255

CAPITAL AND RESERVES
Called up share capital	8		100		100
Fair value reserve	9		1,653		1,653
Profit and Loss Account			109,308		64,502

SHAREHOLDERS' FUNDS			111,061		66,255