Company registration number 14126944 (England and Wales)
EQ Estates Ltd
UNAUDITED FINANCIAL STATEMENTS
for the year ended 31 May 2024
PAGES FOR FILING WITH REGISTRAR
EQ Estates Ltd
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 4
EQ Estates Ltd
Statement Of Financial Position
as at 31 May 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
2,470
-
0
Investment property
4
296,868
281,955
299,338
281,955
Current assets
Cash at bank and in hand
2,092
1,846
Creditors: amounts falling due within one year
(120,893)
(110,198)
Net current liabilities
(118,801)
(108,352)
Total assets less current liabilities
180,537
173,603
Creditors: amounts falling due after more than one year
(182,235)
(182,235)
Net liabilities
(1,698)
(8,632)
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
(1,700)
(8,634)
Total equity
(1,698)
(8,632)
EQ Estates Ltd
Statement Of Financial Position (continued)
as at 31 May 2024
- 2 -

For the financial year ended 31 May 2024 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 year in question in accordance with section 476.

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.

These 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, 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

The financial statements were approved by the board of directors and authorised for issue on 26 February 2025 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 year ended 31 May 2024
- 3 -
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.

Turnover

Turnover represents the fair value of rental income received.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
15% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

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.

Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
-
0
-
0
EQ Estates Ltd
Notes to the financial statements (continued)
for the year ended 31 May 2024
- 4 -
3
Tangible fixed assets
Plant and equipment
£
Cost
At 1 June 2023
-
0
Additions
2,600
At 31 May 2024
2,600
Depreciation and impairment
At 1 June 2023
-
0
Depreciation charged in the year
130
At 31 May 2024
130
Carrying amount
At 31 May 2024
2,470
At 31 May 2023
-
0
4
Investment property
2024
£
Fair value
At 1 June 2023
281,955
Additions
14,913
At 31 May 2024
296,868

Investment property is included at its cost price as the director feels this reflects its fair value.

5
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.

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