2022-06-01 10787664 2023-05-28 10787664 2022-06-01 2023-05-28 10787664 2022-05-31 10787664 2021-06-01 2022-05-31 10787664 uk-core:WithinOneYear 2022-05-31 10787664 uk-core:WithinOneYear 2023-05-28 10787664 uk-core:AfterOneYear 2022-05-31 10787664 uk-core:AfterOneYear 2023-05-28 10787664 uk-core:ShareCapital 2023-05-28 10787664 uk-core:ShareCapital 2022-05-31 10787664 uk-core:RetainedEarningsAccumulatedLosses 2023-05-28 10787664 uk-core:RetainedEarningsAccumulatedLosses 2022-05-31 10787664 uk-bus:Director1 2022-06-01 2023-05-28 10787664 uk-core:FurnitureFittingsToolsEquipment 2022-06-01 2023-05-28 10787664 uk-core:WithinOneYear uk-core:Secured 2023-05-28 10787664 uk-core:WithinOneYear uk-core:Secured 2022-05-31 10787664 uk-core:WithinOneYear 2023-05-28 10787664 uk-core:WithinOneYear 2022-05-31 10787664 uk-core:AfterOneYear uk-core:Secured 2023-05-28 10787664 uk-core:AfterOneYear uk-core:Secured 2022-05-31 10787664 uk-core:AfterOneYear 2022-06-01 2023-05-28 iso4217:GBP xbrli:pure 10787664 uk-bus:AuditExemptWithAccountantsReport 2022-06-01 2023-05-28 10787664 uk-bus:FRS102 2022-06-01 2023-05-28 10787664 uk-bus:FilletedAccounts 2022-06-01 2023-05-28 10787664 uk-bus:PrivateLimitedCompanyLtd 2022-06-01 2023-05-28
EKUINE PROPERTIES LIMITED
Registered Number:10787664
For the period ended 28 May 2023
England and Wales
Unaudited Financial Statements
2
For the period ended 28 May 2023
EKUINE PROPERTIES LIMITED
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
10787664
As at 28 May 2023
EKUINE PROPERTIES LIMITED
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
1,013
497
2
3
740,000
470,000
Investment property
741,013
470,497
Current assets
Trade and other receivables
2,060
-
4
-
Cash and cash equivalents
18,549
18,549
2,060
Trade and other payables: amounts falling due within one
year
(111,616)
(159,664)
5
(109,556)
(141,115)
Net current liabilities
Total assets less current liabilities
599,898
360,941
Trade and other payables: amounts falling due after more
than one year
(370,967)
(492,064)
6
(36,422)
(13,461)
Provisions for liabilities
71,412
Net assets/liabilities
(23,487)
Capital and reserves
Called up share capital
10
10
Retained earnings
71,402
(23,497)
71,412
(23,487)
Shareholders' funds
For the period ended 28 May 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 of its financial statements for the period ended 28 May 2023 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Section
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
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4
Registered Number :
10787664
For the period ended 28 May 2023
EKUINE PROPERTIES LIMITED
Statement of Financial Position Continued
Mr Thomas Ellis Director
These financial statements were approved and authorised for issue by the Board on 30 May 2024 and were signed by:
The notes form part of these financial statements
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5
For the period ended 28 May 2023
EKUINE PROPERTIES LIMITED
Notes to the Financial Statements
Statutory Information
EKUINE PROPERTIES LIMITED is a private limited company, limited by shares, domiciled in England and Wales,
registration number 10787664.
Registered address:
Holly Tree Bungalow
Wanswell Green
Berkeley
GL13 9SN
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
25% per annum on cost
Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
Finacial Instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other
Financial Instruments Issues' of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the
contractual provisions of the instrument.
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6
For the period ended 28 May 2023
EKUINE PROPERTIES LIMITED
Notes to the Financial Statements Continued
2. Property, plant and equipment
Plant and
Machinery
£
Cost or
valuation
At 01 June 2022
7,714
1,136
Additions
At 28 May 2023
8,850
Provision for depreciation and impairment
At 01 June 2022
7,217
Charge for period
620
At 28 May 2023
7,837
At 28 May 2023
Net book value
1,013
At 31 May 2022
497
3. Investment property
Total
£
Fair value
At 01 June 2022
470,000
Additions
284,827
Disposals
(135,160)
Fair value adjustments
120,333
At 28 May 2023
740,000
Net book value
At 28 May 2023
740,000
At 31 May 2022
470,000
The valuation of the investment properties at £740,000 was made on the 31st May 2023 by the directors, on an open market basis. No depreciation is provided in respect of these properties. On an historical basis these would have been included at an original cost of £549,320.
4. Trade and other receivables
2022
2023
£
£
Trade debtors
-
635
Other debtors
-
1,425
2,060
-
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For the period ended 28 May 2023
EKUINE PROPERTIES LIMITED
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft (secured)
-
2,891
Bank loans and overdraft
15,035
1,819
Trade creditors
2,404
2,404
Other creditors
142,225
104,502
159,664
111,616
6. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft
8,729
-
Bank loans and overdraft (secured)
483,335
370,967
492,064
370,967
The company owes loans and mortages of £483,335 (2022 - £373,858). Loans of £423,335 (2022 - £359,334) are secured over the company's investment properties and are on an interest only basis.
7. Related party transactions
The company owes an unsecured loan from Mr J Ellis, a director. At the year end the balance outstanding was
£11,029 (2022 - £10,727) and was interest free. This amount is included within Other Creditors.
The company owes an unsecured loan from Mr T Ellis, a director. At the year end the balance outstanding was
£109,996 (2022 - £73,275) and was interest free. This amount is included within Other Creditors.
The company owes an unsecured loan from a directors family. At the year end the balance outstanding was £20,000
(2022 - £20,000) and was interest free. This amount is included within Other Creditors.
8. Average number of persons employed
During the year the average number of employees was 0
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