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REGISTERED NUMBER: 11499040 (England and Wales)








Unaudited Financial Statements

for the Year Ended 31 August 2024

for

Equ Ltd

Equ Ltd (Registered number: 11499040)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 9

Equ Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTOR: Ms K Wadkins





REGISTERED OFFICE: Office 1, Floor 1, Maxwell House
Liverpool Innovation Park
Edge Lane
Liverpool
Merseyside
L7 9NJ





REGISTERED NUMBER: 11499040 (England and Wales)





ACCOUNTANTS: Jonathan Ford & Co Limited
Chartered Accountants
Maxwell House
Liverpool Innovation Park
Liverpool
Merseyside
L7 9NJ

Equ Ltd (Registered number: 11499040)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 5 1,510 1,817
Investment property 6 1,200,000 1,262,719
1,201,510 1,264,536

CURRENT ASSETS
Debtors 7 7,185 1,024
Cash at bank 1,288 4,634
8,473 5,658
CREDITORS
Amounts falling due within one year 8 33,301 28,792
NET CURRENT LIABILITIES (24,828 ) (23,134 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,176,682

1,241,402

CREDITORS
Amounts falling due after more than
one year

9

(1,203,939

)

(1,203,939

)

PROVISIONS FOR LIABILITIES - (11,250 )
NET (LIABILITIES)/ASSETS (27,257 ) 26,213

Equ Ltd (Registered number: 11499040)

Balance Sheet - continued
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
CAPITAL AND RESERVES
Called up share capital 200 200
Revaluation reserve 11 13,289 (45,000 )
Retained earnings (40,746 ) 71,013
(27,257 ) 26,213

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 May 2025 and were signed by:





Ms K Wadkins - Director


Equ Ltd (Registered number: 11499040)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Equ Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Significant judgements and estimates
(i) Investment property

The fair value of investment property is assessed at each reporting date. The company will appoint a person with suitable qualifications and experience to value the property. The key factors considered when valuing the investment property are the condition of the property, market demand and comparability with similar properties in the local area.

Turnover
Turnover represents rents received net of value added tax.

Revenue recognition
Rent is recognised in the period to which it relates.

Tenant deposits are recognised as income to the extent they are withheld and at the point that
the amount to be withheld is formally agreed with the tenant.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investment property
Investment properties are initially recognised at cost and subsequently carried at fair value. Investment properties are revalued annually with any surplus or deficit being going through profit and loss. No depreciation is provided in respect of investment properties.

Equ Ltd (Registered number: 11499040)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

3. ACCOUNTING POLICIES - continued

Financial instruments
Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans from banks and other third parties.

Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the financial instrument.

(i) Cash and cash equivalents

These comprise cash at bank and other short-term deposits.

(ii) Loans

Basic loans are initially measured at transaction price and subsequently carried at amortised cost using the effective interest method.

Taxation
Current tax is the amount of income tax payable in respect of taxable profit for the year or prior years. Tax is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the period end.

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.

4. EMPLOYEES AND DIRECTORS

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

Equ Ltd (Registered number: 11499040)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023
and 31 August 2024 2,150
DEPRECIATION
At 1 September 2023 333
Charge for year 307
At 31 August 2024 640
NET BOOK VALUE
At 31 August 2024 1,510
At 31 August 2023 1,817

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023 1,262,719
Revaluations (62,719 )
At 31 August 2024 1,200,000
NET BOOK VALUE
At 31 August 2024 1,200,000
At 31 August 2023 1,262,719

Investment property comprised of two properties. The property values were assessed at the balance sheet date by local estate agents who gave a combined valuation for these properties of £1,200,000.

There are no restrictions on the realisability of investment property or on the remittance of income and proceeds of disposal.

Fair value at 31 August 2024 is represented by:
£   
Valuation in 2024 1,200,000

Equ Ltd (Registered number: 11499040)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.8.24 31.8.23
£    £   
Other debtors 7,185 1,024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.8.24 31.8.23
£    £   
Amounts owed to associates 10,682 5,682
Other creditors 22,619 23,110
33,301 28,792

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans 575,000 575,000
Amounts owed to associates 628,939 628,939
1,203,939 1,203,939

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 575,000 575,000

10. SECURED DEBTS

The following secured debts are included within creditors:

31.8.24 31.8.23
£    £   
Bank loans 575,000 575,000

Molo Holdings No.1 Limited has a fixed charge over Flat 3, 12 Ellerdale Road, London, NW3 6BB.

Equ Ltd (Registered number: 11499040)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

11. RESERVES
Revaluation
reserve
£   
At 1 September 2023 (45,000 )
retained earnings transfer 58,289

At 31 August 2024 13,289

12. OFF-BALANCE SHEET ARRANGEMENTS

The company has no off-balance sheet arrangements.

13. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed £639,620 (PY: £639,620) to Wadkins & Associates Ltd, a related party due to having a common shareholder/director.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Equ Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Equ Ltd for the year ended 31 August 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Equ Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Equ Ltd and state those matters that we have agreed to state to the director of Equ Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Equ Ltd and its director for our work or for this report.

It is your duty to ensure that Equ Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Equ Ltd. You consider that Equ Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Equ Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Jonathan Ford & Co Limited
Chartered Accountants
Maxwell House
Liverpool Innovation Park
Liverpool
Merseyside
L7 9NJ



Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Equ Ltd

21 May 2025