Company registration number 14126944 (England and Wales)
EQ Estates Ltd
Unaudited
financial statements
for the period ended 31 May 2023
PAGES FOR FILING WITH REGISTRAR
EQ Estates Ltd
Contents
Page
Statement of financial position
1
Notes to the financial statements
2
EQ Estates Ltd
Statement of financial position
as at 31 May 2023
- 1 -
2023
Notes
£
£
Fixed assets
Investment property
3
281,955
Current assets
Cash at bank and in hand
1,846
Creditors: amounts falling due within one year
(110,198)
Net current liabilities
(108,352)
Total assets less current liabilities
173,603
Creditors: amounts falling due after more than one year
(182,235)
Net liabilities
(8,632)
Capital and reserves
Called up share capital
2
Profit and loss reserves
(8,634)
Total equity
(8,632)
In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).
The directors of the company have elected not to include a copy of the income statement within the financial statements.true
For the financial period ended 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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 members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 20 February 2024 and are signed on its behalf by:
G L Davis
Director
Company registration number 14126944 (England and Wales)
EQ Estates Ltd
Notes to the financial statements
for the period ended 31 May 2023
- 2 -
1
Accounting policies
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention.The principal accounting policies adopted are set out below.
Investment property
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.
2
Employees
The average monthly number of persons (including directors) employed by the company during the period was:
2023
Number
Total
3
Investment property
2023
£
Fair value
At 24 May 2022
Additions
281,955
At 31 May 2023
281,955
Investment property is included at its cost price as the director feels this reflects its fair value.
4
Company information
EQ Estates Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Sayonara, Common Lane End, Lepton, Huddersfield, West Yorkshire, HD8 0AL.