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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

Doornbos Equipment Limited is a private company limited by shares incorporated in England and Wales. The registered office is 7 Daimler Drive, Cowpen Lane Industrial Estate, Billingham, TS23 4JD.

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 have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

As discussed in the Events after the reporting date note below, Doornbos Equipment Limited (formerly AQ Rent UK Ltd) finalised the sale of the entirety of its business, assets and liabilities to AQ Rent UK Ltd (formerly Doornbos Equipment Limited), a fellow subsidiary of the Calle Teide Holding B.V. group.

The sale concluded on 1 January 2025, at which point the company essentially ceased trading operations with activities now being focussed on the clearing of intercompany balances and related matters.

In light of the above the going concern basis of accounting is no longer considered to be appropriate and these financial statements are prepared on a basis other than going concern. The comparative financial information continues to be prepared on a going concern basis.

As the business, assets and liabilities of Doornbos Equipment Limited were transferred to a fellow subsidiary of the Calle Teide Holding B.V. group as a going concern and at the carrying value of net assets at the point of transfer, then it is not considered that any presentational adjustments should be made in the 2024 accounts to, for example, reclassify fixed assets to show as current assets, as such an approach is not considered to reflect the substance of the sale transaction at the wider Calle Teide Holding B.V. group level.

Similarly it is not considered that any updates are required to accounting policies and, in addition, no adjustments are considered necessary for matters such as providing for liabilities arising from the decision to cease trading.

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

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

Called up share capital is allotted, issued and fully paid.

The tax expense represents the sum of the tax currently payable and deferred tax. Tax is recognised in the Income Statement, 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 liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised.

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

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

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

Emphasis of matter

We draw attention to Note 1.1 to the financial statements which explains that the company essentially ceased trading operations on 1 January 2025 following the completion of the sale of the entirety of the business, assets and liabilities of the company to AQ Rent UK Ltd (formerly Doornbos Equipment Limited), a fellow subsidiary of the Calle Teide Holding B.V. group.

The note also explains that the going concern basis of accounting is no longer considered to be appropriate by the directors in light of the above. Accordingly the financial statements have been prepared on a basis other than going concern as described in Note 1.1.

Our opinion is not modified in respect of this matter.

Total financial commitments which are not included in the balance sheet amount to £nil (2023: £38,500) and related to future payments that are due to be made under short term property leases.

Doornbos Equipment Limited is the guarantor of certain debt obligations of fellow members of the Calle Teide Holding B.V. group of companies.

The relevant obligations outstanding from fellow group companies to the relevant lender at the balance sheet date were circa £1,560,000.

The guarantee is secured by a debenture dated 16 November 2023 over all of the property, assets and undertaking of Doornbos Equipment Limited.

On 1 January 2025 the entirety of the business, assets and liabilities of Doornbos Equipment Limited (formerly AQ Rent UK Ltd) was sold, as a going concern and at the carrying value of net assets at the point of transfer, to AQ Rent UK Ltd (formerly Doornbos Equipment Limited), a fellow subsidiary of the Calle Teide Holding B.V. group.

See the details at note 1.1 above regarding the treatment of this transaction in these accounts.

During the year the immediate parent company was Calle Teide Holding B.V., a company incorporated in the Netherlands with a registered office at Diamantweg 1, 1812 RC, Alkmaar, The Netherlands. This is also the parent of the smallest group of which Doornbos Equipment Limited is a member and for which consolidated financial statements are drawn up.