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Company Registration Number: 03667720
 
 
Equitas Properties Limited
 
ABRIDGED UNAUDITED FINANCIAL STATEMENTS
 
for the financial year ended 30 November 2024
EQUITAS PROPERTIES LIMITED
DIRECTOR AND OTHER INFORMATION

 
Director Michael McCarthy
 
 
Company Secretary Robert McCarthy
 
 
Company Registration Number 03667720
 
 
Registered Office and Business Address 6 Tournay Road
London
SW6 7UF
United Kingdom
 
 
Accountants Kieran Ryan & Co.
Chartered Accountants and Statutory Audit Firm
20 Upper Mount Street
Dublin 2
Ireland
 
 
Bankers Santander UK plc
  2 Triton Square
  Regent‘s Place
  London
  NW1 3AN
  United Kingdom
 
   
Solicitors TWM Solicitors LLP
  7-9 Queens Road
  Wimbledon
  London
  SW19 8NG
  United Kingdom



EQUITAS PROPERTIES LIMITED

ACCOUNTANTS REPORT
TO THE DIRECTOR ON THE COMPILATION OF THE UNAUDITED ABRIDGED FINANCIAL STATEMENTS OF EQUITAS PROPERTIES LIMITED
FOR THE FINANCIAL YEAR ENDED 30 NOVEMBER 2024
 
In accordance with the engagement letter and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled for your approval the abridged financial statements of the company for the financial year ended 30 November 2024 as set out on pages  to  which comprise the Abridged Balance Sheet and the related notes from the company's accounting records and information and explanations you have given to us.
 
This report is made solely to the director of Equitas Properties Limited, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the company’s Director that we have done so, and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and its director for our work or for this report.
 
We have carried out this engagement in accordance with guidance issued by Chartered Accountants Ireland and have complied with the relevant ethical guidance laid down by Chartered Accountants Ireland relating to members undertaking the compilation of financial statements.
 
You have acknowledged on the Balance Sheet for the year ended 30 November 2024 your duty to ensure that Equitas Properties Limited 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 profit of Equitas Properties Limited. You consider that Equitas Properties Limited is exempt from the statutory audit requirement for the financial year.
 
We have not been instructed to carry out an audit or a review of the abridged financial statements of Equitas Properties Limited. For this reason, we have not verified the adequacy, 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 abridged financial statements.
 
 
 
Kieran Ryan & Co.
Chartered Accountants and Statutory Audit Firm
20 Upper Mount Street
Dublin 2
Ireland
 
28 August 2025



EQUITAS PROPERTIES LIMITED
Company Registration Number: 03667720
ABRIDGED BALANCE SHEET
as at 30 November 2024

2024 2023
Notes £ £
 
Fixed Assets
Tangible assets 3 2,591 2,830
Investments 4 99 -
───────── ─────────
Fixed Assets 2,690 2,830
───────── ─────────
 
Current Assets
Debtors 25,404 22,502
Cash and cash equivalents 1,454,302 298,674
───────── ─────────
1,479,706 321,176
───────── ─────────
Creditors: amounts falling due within one year (1,239,108) (120,247)
───────── ─────────
Net Current Assets 240,598 200,929
───────── ─────────
Total Assets less Current Liabilities 243,288 203,759
═════════ ═════════
 
Capital and Reserves
Called up share capital 100 100
Retained earnings 243,188 203,659
───────── ─────────
Equity attributable to owners of the company 243,288 203,759
═════════ ═════════
 
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).
           
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
           
The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Director's Report.
For the financial year ended 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The director acknowledges his responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Director and authorised for issue on 28 August 2025
           
           
           
Michael McCarthy          
Director          
           



EQUITAS PROPERTIES LIMITED
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 30 NOVEMBER 2024

   
1. General Information
 
Equitas Properties Limited is a company limited by shares incorporated and registered in the United Kingdom. The registered number of the company is 03667720. The registered office of the company is 6 Tournay Road, London, SW6 7UF, United Kingdom which is also the principal place of business of the company. The nature of the company's operations and its principal activities are set out in the Director's Report. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 30 November 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain financial instruments that are measured at fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover represents the fair value of the consideration received or receivable. The fair value of the consideration received or receivable takes into account the amount of any trade discounts, prompt settlement discounts and volume rebates allowed by the entity, net of VAT.
 
Tangible assets and depreciation
Tangible assets are stated at cost less accumulated depreciation. The charge to depreciation is calculated to write off the original cost of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Computer equipment - 33.33% Straight line
  Office Fixtures and Fittings - 12.5% Straight line
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Investments
The company holds an interest in the Mount Argus UK Partnership and is entitled to 99% interest in the profits of the partnership. The investment in the partnership is held as a fixed asset investment and stated at cost less provision for any permanent diminution in value. Changes in fair value are not recognised. Income is recognised in the profit and loss account in the financial year in which it is receivable.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
         
3. Tangible assets
  Computer Office Fixtures Total
  equipment and Fittings  
       
  £ £ £
Cost
At 1 December 2023 4,337 3,671 8,008
Additions 391 - 391
  ───────── ───────── ─────────
At 30 November 2024 4,728 3,671 8,399
  ───────── ───────── ─────────
Depreciation
At 1 December 2023 4,258 920 5,178
Charge for the financial year 170 460 630
  ───────── ───────── ─────────
At 30 November 2024 4,428 1,380 5,808
  ───────── ───────── ─────────
Net book value
At 30 November 2024 300 2,291 2,591
  ═════════ ═════════ ═════════
At 30 November 2023 79 2,751 2,830
  ═════════ ═════════ ═════════
       
4. Investments
  Group and Total
  participating  
  interests/  
  joint ventures  
Investments £ £
Cost
Additions 99 99
  ───────── ─────────
At 30 November 2024 99 99
  ───────── ─────────
Net book value
At 30 November 2024 99 99
  ═════════ ═════════
       
5. Capital commitments
 
The company had no material capital commitments at the financial year ended 30 November 2024.
   
6. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial year-end.
       
7. Approval of financial statements
 
The financial statements were approved and authorised for issue by the director on __________________.