Company registration number 07305468 (England and Wales)
INIQUITY LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
92 Station Road
Clacton on Sea
Essex
CO15 1SG
INIQUITY LIMITED
COMPANY INFORMATION
- 1 -
Director
Mr K Kandiah
Company number
07305468
Registered office
92 Station Road
Clacton on Sea
Essex
CO15 1SG
Accountants
TC Group
92 Station Road
Clacton on Sea
Essex
CO15 1SG
INIQUITY LIMITED
CONTENTS
Page
Company information
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 7
INIQUITY LIMITED
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 2 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
331
441
Investment properties
4
3,140,981
-
0
3,141,312
441
Current assets
Work in progress
-
789,436
Debtors
5
213,943
233,173
Cash at bank and in hand
9,571
6,487
223,514
1,029,096
Creditors: amounts falling due within one year
6
(24,662)
(13,096)
Net current assets
198,852
1,016,000
Total assets less current liabilities
3,340,164
1,016,441
Creditors: amounts falling due after more than one year
7
(2,264,736)
(2,033)
Provisions for liabilities
(84)
(111)
Net assets
1,075,344
1,014,297
Capital and reserves
Called up share capital
8
100
100
Profit and loss reserves
1,075,244
1,014,197
Total equity
1,075,344
1,014,297
INIQUITY LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2025
31 March 2025
- 3 -

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

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved and signed by the director and authorised for issue on 8 October 2025
Mr K Kandiah
Director
Company Registration No. 07305468
The notes on pages 4 to 7 form part of these financial statements
INIQUITY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -
1
Accounting policies
Company information

Iniquity Limited is a private company limited by shares incorporated in England and Wales. The registered office is 92 Station Road, Clacton on Sea, Essex, CO15 1SG.

1.1
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 a mounts 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.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for the sale of property provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.3
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:

Motor vehicles
25% 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.

1.4
Investment properties

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 a t the reporting end date. Changes in fair value are recognised in profit or loss.

INIQUITY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 5 -
1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

1.6
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

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.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. 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. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

INIQUITY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 6 -
2
Employees

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

2025
2024
Number
Number
Total
1
1
3
Tangible fixed assets
Motor vehicles
£
Cost
At 1 April 2024 and 31 March 2025
13,960
Depreciation and impairment
At 1 April 2024
13,519
Depreciation charged in the year
110
At 31 March 2025
13,629
Carrying amount
At 31 March 2025
331
At 31 March 2024
441
4
Investment property
2025
£
Fair value
At 1 April 2024
-
0
Additions
3,140,981
At 31 March 2025
3,140,981

Investment property comprises t wo blocks of residential flats in Clacton on Sea. The properties have been acquired from the director's property portfolio. The fair value of the investment property acquisition was made by Jon Ablewhite, Chartered Surveyor, who is not connected with the company. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

INIQUITY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 7 -
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
213,943
233,173
6
Creditors: amounts falling due within one year
2025
2024
£
£
Taxation and social security
19,489
9,085
Other creditors
5,173
4,011
24,662
13,096
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
2,264,736
2,033
8
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
9
Related party transactions

Mr K Kandiah is a shareholder and director of 66 Limited. At the balance sheet date, the sum of £Nil (202 4: £24,000) was owed by 66 Limited in respect of a loan made by Iniquity limited.

2025-03-31 2024-04-01 false false false 08 October 2025 CCH Software CCH Accounts Production 2025.200 No description of principal activity Mr K Kandiah 07305468 2024-04-01 2025-03-31 07305468 bus:Director1 2024-04-01 2025-03-31 07305468 bus:RegisteredOffice 2024-04-01 2025-03-31 07305468 2025-03-31 07305468 2024-03-31 07305468 core:MotorVehicles 2025-03-31 07305468 core:MotorVehicles 2024-03-31 07305468 core:CurrentFinancialInstruments 2025-03-31 07305468 core:CurrentFinancialInstruments 2024-03-31 07305468 core:Non-currentFinancialInstruments 2025-03-31 07305468 core:Non-currentFinancialInstruments 2024-03-31 07305468 core:ShareCapital 2025-03-31 07305468 core:ShareCapital 2024-03-31 07305468 core:RetainedEarningsAccumulatedLosses 2025-03-31 07305468 core:RetainedEarningsAccumulatedLosses 2024-03-31 07305468 core:ShareCapitalOrdinaryShareClass1 2025-03-31 07305468 core:ShareCapitalOrdinaryShareClass1 2024-03-31 07305468 core:MotorVehicles 2024-04-01 2025-03-31 07305468 2023-04-01 2024-03-31 07305468 core:MotorVehicles 2024-03-31 07305468 2024-03-31 07305468 core:WithinOneYear 2025-03-31 07305468 core:WithinOneYear 2024-03-31 07305468 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 07305468 bus:OrdinaryShareClass1 2025-03-31 07305468 bus:OrdinaryShareClass1 2024-03-31 07305468 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 07305468 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 07305468 bus:FRS102 2024-04-01 2025-03-31 07305468 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 07305468 bus:FullAccounts 2024-04-01 2025-03-31 xbrli:pure xbrli:shares iso4217:GBP