Registered number
07426240
EQW LTD
Filleted Accounts
30 November 2024
EQW LTD
Registered number: 07426240
Balance Sheet
as at 30 November 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 551,872 581,050
Current assets
Debtors 4 471,201 221,983
Cash at bank and in hand 930,186 801,049
1,401,387 1,023,032
Creditors: amounts falling due within one year 5 (205,261) (171,908)
Net current assets 1,196,126 851,124
Net assets 1,747,998 1,432,174
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,747,898 1,432,074
Shareholders' funds 1,747,998 1,432,174
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Kelly Atkinson
Director
Approved by the board on 26 August 2025
EQW LTD
Notes to the Accounts
for the year ended 30 November 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services which is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, and buildings held for investment purposes, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Office & Computer equipment over 3 years
Investment Property
Investment properties are properties (land or buildings or both) held to earn rentals or for capital appreciation or both, rather than for use in the production or supply of goods or services or for administrative purposes, or sale in the ordinary course of business.

Investment properties are initially measured at cost, including transaction costs. Subsequently, they are measured at fair value at each reporting date, with changes in fair value recognised in profit or loss.Fair value is determined based on market evidence, including recent prices for similar properties in the same location and condition. Where market evidence is not available, fair value is estimated using appropriate valuation techniques.

No depreciation is charged on investment properties measured at fair value. Gains or losses arising from changes in fair value are included in the profit and loss account in the period in which they arise.Deferred tax is recognised on the difference between the carrying amount of the investment property and its tax base, using the tax rate expected to apply when the timing difference reverses.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 9 9
3 Tangible fixed assets
Land and buildings - Investment Property Office and Computer Equipment Total
£ £ £
Cost
At 1 December 2023 577,349 4,457 581,806
Additions - 416 416
Loss on revaluation at fair value (27,349) - (27,349)
At 30 November 2024 550,000 4,873 554,873
Depreciation
At 1 December 2023 - 756 756
Charge for the year - 2,245 2,245
At 30 November 2024 - 3,001 3,001
Net book value
At 30 November 2024 550,000 1,872 551,872
At 30 November 2023 577,349 3,701 581,050
Freehold land and buildings: 2024 2023
£ £
Historical cost 577,349 577,349
Cumulative depreciation based on historical cost - -
577,349 577,349
The buildings were revalued as at 30th November 2024. The capital comparison method was used resulting in a mid-point valuation of £550,000 for the buildings. Joe Fraser MSc FRICS - Chartered Surveyors carried out the valuation.
4 Debtors 2024 2023
£ £
Trade debtors 7,200 9,541
Other debtors 464,001 212,442
471,201 221,983
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 19,919 2,974
Taxation and social security costs 179,855 163,376
Other creditors 5,487 5,558
205,261 171,908
6 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Ms Kelly Atkinson
Loan 1 4,674 - (4,674) -
Loan 2 - 61,738 (312) 61,426
Mr Michael Connard (deceased 05.02.2025)
Loan 1 (169) 62,623 - 62,454
4,505 124,361 (4,986) 123,880
7 Other information
EQW LTD is a private company limited by shares and incorporated in England. Its registered office is:
Coppergate House
10 Whites Row
London
Greater London
E1 7NF
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