1 October 2022 false Taxfiler 2023.15 SC674670business:PrivateLimitedCompanyLtd2022-10-012023-09-30 SC6746702022-09-30 SC6746702022-10-012023-09-30 SC674670business:AuditExemptWithAccountantsReport2022-10-012023-09-30 SC674670business:FilletedAccounts2022-10-012023-09-30 SC6746702023-09-30 SC674670business:Director12022-10-012023-09-30 SC674670business:Director22022-10-012023-09-30 SC674670business:RegisteredOffice2022-10-012023-09-30 SC6746702022-09-30 SC674670core:WithinOneYear2023-09-30 SC674670core:WithinOneYear2022-09-30 SC674670core:AfterOneYear2023-09-30 SC674670core:AfterOneYear2022-09-30 SC674670core:ShareCapitalcore:PreviouslyStatedAmount2023-09-30 SC674670core:ShareCapitalcore:PreviouslyStatedAmount2022-09-30 SC674670core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-09-30 SC674670core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-09-30 SC674670core:PreviouslyStatedAmount2023-09-30 SC674670core:PreviouslyStatedAmount2022-09-30 SC674670business:SmallEntities2022-10-012023-09-30 SC674670countries:Scotland2022-10-012023-09-30 SC674670core:PlantMachinery2022-10-012023-09-30 SC674670core:PlantMachinery2022-09-30 SC674670core:PlantMachinery2023-09-30 SC674670core:AfterOneYear2022-10-012023-09-30 SC6746702021-10-012022-09-30 iso4217:GBP xbrli:pure
Company Registration No. SC674670 (Scotland)
Equal Share Ltd Unaudited accounts for the year ended 30 September 2023
Equal Share Ltd Unaudited accounts Contents
Page
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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
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Equal Share Ltd Statement of financial position as at 30 September 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,952 
3,116 
Investment property
1,035,000 
1,088,000 
Investments
307 
307 
1,038,259 
1,091,423 
Current assets
Debtors
1,216,421 
1,253,698 
Cash at bank and in hand
139 
8,465 
1,216,560 
1,262,163 
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)
Net assets
62,918 
62,750 
Capital and reserves
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
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Equal Share Ltd Notes to the Accounts for the year ended 30 September 2023
1
Statutory information
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.
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 accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
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:
Plant & machinery
20%
Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.
Investment Property
Investment property was acquired in the year and is shown at cost.
Taxation
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 taxation
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.
Presentation currency
The accounts are presented in £ sterling.
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Equal Share Ltd Notes to the Accounts for the year ended 30 September 2023
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 October 2022
3,280 
At 30 September 2023
3,280 
Depreciation
At 1 October 2022
164 
Charge for the year
164 
At 30 September 2023
328 
Net book value
At 30 September 2023
2,952 
At 30 September 2022
3,116 
5
Investment property
2023 
£ 
Fair value at 1 October 2022
1,088,000 
Additions
(53,000)
At 30 September 2023
1,035,000 
6
Investments
Subsidiary undertakings 
£ 
Valuation at 1 October 2022
307 
Valuation at 30 September 2023
307 
7
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
11,740 
17,840 
Amounts due from group undertakings etc.
1,186,681 
1,235,858 
Other debtors
18,000 
- 
1,216,421 
1,253,698 
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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 
VAT
4,596 
- 
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 
Accruals
16,288 
- 
1,614,139 
1,680,523 
9
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.
10
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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