Propav Infrastructure Limited 31/12/2025 iXBRL

Company registration number: 13725667

Propav Infrastructure Limited

Unaudited filleted financial statements

31 December 2025

Propav Infrastructure Limited

Contents

Directors and other information

Statement of financial position

Statement of changes in equity

Notes to the financial statements

Propav Infrastructure Limited

Directors and other information


	Directors	Mr Cristiano Becker Lima Hees
		Mr Marcos Felipe Macedo De Andrade Pinto
		Mr Ricardo Collier De Oliveira


	Company number	13725667


	Registered office	25 Wilton Road
		Victoria
		London
		SW1V 1LW


	Accountants	Nagle James Associates Limited
		Amba House, 4th Floor, Kings Suite,
		15 College Road,
		Harrow,
		Middlesex,
		HA1 1BA

Propav Infrastructure Limited

Statement of financial position

31 December 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Investments	5	6,300		1
		_______		_______
			6,300		1

Current assets
Stocks	6	1,040,340		-
Debtors	7	17,691,865		4,746,137
Cash at bank and in hand		24,936		37,046
		_______		_______
		18,757,141		4,783,183
Creditors: amounts falling due
within one year	8	( 13,981,822)		( 4,778,738)
		_______		_______
Net current assets			4,775,319		4,445
			_______		_______
Total assets less current liabilities			4,781,619		4,446

Creditors: amounts falling due
after more than one year	9		( 2,464,567)		-
			_______		_______
Net assets			2,317,052		4,446
			_______		_______

Capital and reserves
Called up share capital			100		100
Profit and loss account			2,316,952		4,346
			_______		_______
Shareholders funds			2,317,052		4,446
			_______		_______

For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 16 July 2026 , and are signed on behalf of the board by:

Mr Cristiano Becker Lima Hees Mr Marcos Felipe Macedo De Andrade Pinto

Director Director

Company registration number: 13725667

Propav Infrastructure Limited

Statement of changes in equity

Year ended 31 December 2025

	Called up share capital	Profit and loss account	Total
	£	£	£


At 1 January 2024	100	1,482	1,582

Profit for the year		2,864	2,864
	_______	_______	_______
Total comprehensive income for the year	-	2,864	2,864

	_______	_______	_______
At 31 December 2024 and 1 January 2025	100	4,346	4,446

Profit for the year		2,312,606	2,312,606
	_______	_______	_______
Total comprehensive income for the year	-	2,312,606	2,312,606

	_______	_______	_______
At 31 December 2025	100	2,316,952	2,317,052
	_______	_______	_______

Propav Infrastructure Limited

Notes to the financial statements

Year ended 31 December 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 25 Wilton Road, Victoria, London, SW1V 1LW.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Consolidation

The company has taken advantage of the exemption from preparing consolidated financial statements contained in Section 401 of the Companies Act 2006 on the basis that it is a subsidiary undertaking and its immediate parent undertaking is not established under the law of any part of the United Kingdom.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Fixed asset investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 23 (2024: 2 ).

5. Investments

	Shares in group undertakings and participating interests	Total
	£	£
Cost or valuation
At 1 January 2025	1	1
Adjustment	6,300	6,300
Transfer	( 1)	( 1)
	_______	_______
At 31 December 2025	6,300	6,300
	_______	_______
Impairment
At 1 January 2025 and 31 December 2025	-	-
	_______	_______
Carrying amount
At 31 December 2025	6,300	6,300
	_______	_______
At 31 December 2024	1	1
	_______	_______

Investments in group undertakings
	Registered office	Class of share	Percentage of shares held
Subsidiary undertakings
Pemba Airport Construction Consortium Limited	Mbweni, P.O.Box 2713, Zanzibar,Tanzania.	Ordinary	100

Propav Zanzibar Road Construction Limited	Mazizini, P.O.Box 2713, Zanzibar,Tanzania.	Ordinary	100

The results and capital and reserves for the period of the trading companies are as follows:


	Capital and		Profit/(loss)
	reserves		for the
			year

	2025	2024	2025	2024
	£	£	£	£
Subsidiary undertakings
Pemba Airport Construction Consortium Limited	12,042,041	(1,720,495)	13,752,836	( 1,704,103)
Propav Zanzibar Road Construction Limited	612,566	(7,524,414)	( 110,221)	( 7,679,472)

6. Stocks

	2025	2024
	£	£
Goods in transit	1,040,340	-
	_______	_______

7. Debtors

	2025	2024
	£	£
Trade debtors	133,961	-
Amounts owed by group undertakings and undertakings in which the company has a participating interest	17,283,373	4,683,158
Called up share capital not paid	100	100
Other debtors	274,431	62,879
	_______	_______
	17,691,865	4,746,137
	_______	_______

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Loan	2,134,439	-
Trade creditors	542,698	281,137
Amounts owed to group undertakings and undertakings in which the company has a participating interest	10,528,558	4,481,632
Accruals and deferred income	5,000	11,800
Corporation tax	770,870	925
Social security and other taxes	-	3,244
Other creditors	257	-
	_______	_______
	13,981,822	4,778,738
	_______	_______

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Loan	2,464,567	-
	_______	_______

10. Controlling party

The company's immediate parent undertaking at the balance sheet date was Propav Infraestructuras S.L.U. registered in Spain and holds 100% of issued share capital. Consolidated group financial statements of Propav Infraestructuras S.L.U are available from the company's corporate address Avenida de Manoteras 14, Planta 3 A, 28050, Madrid, Spain.