Company Registration No. SC674670 (Scotland)
Equal Share Ltd
Unaudited accounts
for the year ended 30 September 2023
Equal Share Ltd
Unaudited accounts
Contents
Equal Share Ltd
Company Information
for the year ended 30 September 2023
Directors
D Perella
Ms JB Perella
Company Number
SC674670 (Scotland)
Registered Office
Blackrock House Ltd
2-8 Millar Crescent
EDINBURGH
Midlothian
EH10 5HW
Scotland
Accountants
AGL Tax Solutions LLP
2A Station Yard
Haddington
East Lothian
EH41 3PP
Equal Share Ltd
Statement of financial position
as at 30 September 2023
Tangible assets
2,952
3,116
Investment property
1,035,000
1,088,000
Debtors
1,216,421
1,253,698
Cash at bank and in hand
139
8,465
Creditors: amounts falling due within one year
(1,614,139)
(1,680,523)
Net current liabilities
(397,579)
(418,360)
Total assets less current liabilities
640,680
673,063
Creditors: amounts falling due after more than one year
(577,762)
(610,313)
Called up share capital
216
216
Profit and loss account
62,702
62,534
Shareholders' funds
62,918
62,750
For the year ending 30 September 2023 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 directors acknowledge their 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 of Directors and authorised for issue on 1 April 2024 and were signed on its behalf by
D Perella
Director
Company Registration No. SC674670
Equal Share Ltd
Notes to the Accounts
for the year ended 30 September 2023
Equal Share Ltd is a private company, limited by shares, registered in Scotland, registration number SC674670. The registered office is Blackrock House Ltd, 2-8 Millar Crescent , EDINBURGH, Midlothian, EH10 5HW, Scotland.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.
Investment property was acquired in the year and is shown at cost.
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The accounts are presented in £ sterling.
Equal Share Ltd
Notes to the Accounts
for the year ended 30 September 2023
4
Tangible fixed assets
Plant & machinery
At 30 September 2023
3,280
At 30 September 2023
2,952
At 30 September 2022
3,116
Fair value at 1 October 2022
1,088,000
At 30 September 2023
1,035,000
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Investments
Subsidiary undertakings
Valuation at 1 October 2022
307
Valuation at 30 September 2023
307
Amounts falling due within one year
Trade debtors
11,740
17,840
Amounts due from group undertakings etc.
1,186,681
1,235,858
Equal Share Ltd
Notes to the Accounts
for the year ended 30 September 2023
8
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
32,550
32,550
Trade creditors
4,290
9,746
Amounts owed to group undertakings and other participating interests
1,420,736
1,521,452
Taxes and social security
11,592
11,514
Other creditors
49,300
30,474
Loans from directors
74,787
74,787
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Creditors: amounts falling due after more than one year
2023
2022
Bank loans
577,762
610,313
The bank loan is repayable over 5 years and bears interest at base + 5.25%. The loan is secured by a fixed charge over the company's property and by a floating charge over the whole of the company's assets.
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Average number of employees
During the year the average number of employees was 0 (2022: 0).