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REGISTERED NUMBER: 05425550 (England and Wales)















Unaudited Financial Statements for the Year Ended 30th April 2024

for

The Equity Partnership Limited

The Equity Partnership Limited (Registered number: 05425550)






Contents of the Financial Statements
for the Year Ended 30th April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Equity Partnership Limited

Company Information
for the Year Ended 30th April 2024







DIRECTORS: Mr M Corck
Mrs M B Healy





REGISTERED OFFICE: Central Chambers
227 London Road
Hadleigh
Benfleet
Essex
SS7 2RF





REGISTERED NUMBER: 05425550 (England and Wales)





ACCOUNTANTS: Field & Co LLP
Central Chambers
227 London Road
Hadleigh
Benfleet
Essex
SS7 2RF

The Equity Partnership Limited (Registered number: 05425550)

Balance Sheet
30th April 2024

30/4/24 30/4/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 27,084 40,627
Investment property 5 587,000 545,000
614,084 585,627

CURRENT ASSETS
Cash at bank 42,841 53,991

CREDITORS
Amounts falling due within one year 6 320,260 331,750
NET CURRENT LIABILITIES (277,419 ) (277,759 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

336,665

307,868

CREDITORS
Amounts falling due after more than
one year

7

(16,066

)

(27,059

)

PROVISIONS FOR LIABILITIES 8 (20,992 ) (15,585 )
NET ASSETS 299,607 265,224

The Equity Partnership Limited (Registered number: 05425550)

Balance Sheet - continued
30th April 2024

30/4/24 30/4/23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 9 100 100
Fair value reserve 10 225,108 191,088
Retained earnings 10 74,399 74,036
SHAREHOLDERS' FUNDS 299,607 265,224

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2024.

The members have not required the Company to obtain an audit of its financial statements for the year ended 30th April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the Company keeps 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 Sections 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24th September 2024 and were signed on its behalf by:





Mrs M B Healy - Director


The Equity Partnership Limited (Registered number: 05425550)

Notes to the Financial Statements
for the Year Ended 30th April 2024

1. STATUTORY INFORMATION

The Equity Partnership Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

The Equity Partnership Limited (Registered number: 05425550)

Notes to the Financial Statements - continued
for the Year Ended 30th April 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - NIL ) .

4. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
At 1st May 2023
and 30th April 2024 54,169
DEPRECIATION
At 1st May 2023 13,542
Charge for year 13,543
At 30th April 2024 27,085
NET BOOK VALUE
At 30th April 2024 27,084
At 30th April 2023 40,627

The Equity Partnership Limited (Registered number: 05425550)

Notes to the Financial Statements - continued
for the Year Ended 30th April 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1st May 2023
and 30th April 2024 54,169
DEPRECIATION
At 1st May 2023 13,542
Charge for year 13,543
At 30th April 2024 27,085
NET BOOK VALUE
At 30th April 2024 27,084
At 30th April 2023 40,627

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st May 2023 545,000
Revaluations 42,000
At 30th April 2024 587,000
NET BOOK VALUE
At 30th April 2024 587,000
At 30th April 2023 545,000

Fair value at 30th April 2024 is represented by:
£   
Valuation in 2020 157,554
Valuation in 2021 16,400
Valuation in 2022 25,000
Valuation in 2023 42,000
Cost 346,046
587,000

The Equity Partnership Limited (Registered number: 05425550)

Notes to the Financial Statements - continued
for the Year Ended 30th April 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Hire purchase contracts 10,147 10,147
Taxation and social security (1 ) 2
Other creditors 310,114 321,601
320,260 331,750

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30/4/24 30/4/23
£    £   
Hire purchase contracts 16,066 27,059

8. PROVISIONS FOR LIABILITIES
30/4/24 30/4/23
£    £   
Deferred tax 20,992 15,585

Deferred
tax
£   
Balance at 1st May 2023 15,585
Assets (2,573 )
Property Revaluation 7,980
Balance at 30th April 2024 20,992

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30/4/24 30/4/23
value: £    £   
2 Ordinary Shares £1 100 100

The Equity Partnership Limited (Registered number: 05425550)

Notes to the Financial Statements - continued
for the Year Ended 30th April 2024

10. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1st May 2023 74,036 191,088 265,124
Profit for the year 34,383 34,383
Fair Value Reserve (34,020 ) 34,020 -
At 30th April 2024 74,399 225,108 299,507

11. ULTIMATE CONTROLLING PARTY

There is no overall controlling party.