REGISTERED NUMBER: 07669711 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2024

for

Equinox Properties Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

D Jebreel

REGISTERED OFFICE:

53 King Street

Manchester

Lancashire

M2 4LQ

REGISTERED NUMBER:

07669711 (England and Wales)

ACCOUNTANTS:

Raise

Chartered Accountants

Trimble House

9 Bold Street

Warrington

WA1 1DN

FIXED ASSETS

Tangible assets

4

38,717

51,316

Investment property

5

13,334,399

13,162,268

13,373,116

13,213,584

CURRENT ASSETS

Debtors

6

558,388

697,573

Investments

7

7,500

7,500

Cash at bank and in hand

102,966

100,390

668,854

805,463

CREDITORS

Amounts falling due within one year

8

1,426,625

625,756

NET CURRENT (LIABILITIES)/ASSETS

(757,771

)

179,707

TOTAL ASSETS LESS CURRENT LIABILITIES

12,615,345

13,393,291

CREDITORS

Amounts falling due after more than one year

9

(4,275,631

)

(4,956,784

)

PROVISIONS FOR LIABILITIES

(831,060

)

(806,373

)

NET ASSETS

7,508,654

7,630,134

CAPITAL AND RESERVES

Called up share capital

1

1

Fair value reserve

3,336,184

3,869,189

Retained earnings

4,172,469

3,760,944

SHAREHOLDERS' FUNDS

7,508,654

7,630,134

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 3 December 2025 and were signed by:

D Jebreel - Director

1.	STATUTORY INFORMATION

Equinox Properties Limited 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

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

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

Fixtures and fittings

-

25% on cost

Motor vehicles

-

15% on reducing balance

Computer equipment

-

33% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recongised in the income statement.

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities, such as trade and other debtors and creditors, loans, overdrafts and cash at bank, which are measured at amortised cost.

Taxation

Taxation for the year comprises current 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

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.

Pension costs and other post-retirement benefits

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 July 2023

129,117

84,850

13,339

227,306

Disposals

(34,643

)

-

(7,005

)

(41,648

)

At 30 June 2024

94,474

84,850

6,334

185,658

DEPRECIATION

At 1 July 2023

115,742

49,054

11,194

175,990

Charge for year

5,924

5,369

1,307

12,600

Eliminated on disposal

(34,643

)

-

(7,006

)

(41,649

)

At 30 June 2024

87,023

54,423

5,495

146,941

NET BOOK VALUE

At 30 June 2024

7,451

30,427

839

38,717

At 30 June 2023

13,375

35,796

2,145

51,316

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 July 2023

13,162,268

Additions

83,200

Disposals

(150,000

)

Reclassification/transfer

238,931

At 30 June 2024

13,334,399

NET BOOK VALUE

At 30 June 2024

13,334,399

At 30 June 2023

13,162,268

Fair value at 30 June 2024 is represented by:

£

Valuation in 2012

596,890

Valuation in 2013

83,136

Valuation in 2014

350,000

Valuation in 2015

276,807

Valuation in 2016

4,341,865

Valuation in 2017

(2,998,896

)

Valuation in 2018

288,200

Valuation in 2023

1,254,742

Valuation in 2024

(74,000

)

Cost

9,215,655

13,334,399

If the investment properties had not been revalued they would have been included at the following historical cost:

30.6.24

30.6.23

£

£

Cost

9,215,655

5,566,531

Investment property was valued on an open market basis on 30 June 2024 by the director D Jebreel .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.24

30.6.23

£

£

Trade debtors

67,329

55,373

Other debtors

491,059

642,200

558,388

697,573

7.	CURRENT ASSET INVESTMENTS

30.6.24

30.6.23

£

£

Listed investments

7,500

7,500

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.24

30.6.23

£

£

Bank loans and overdrafts

79,062

43,876

Trade creditors

18,510

19,126

Taxation and social security

287,378

183,813

Other creditors

1,041,675

378,941

1,426,625

625,756

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.24

30.6.23

£

£

Bank loans

4,275,631

4,956,784

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

3,975,565

3,799,097

10.	SECURED DEBTS

The following secured debts are included within creditors:

30.6.24

30.6.23

£

£

Bank loans

4,354,693

5,000,660

The bank loans are secured by a charge on the various properties acquired. The interest rates applicable to the loans are between 3 and 4%.

11.	RELATED PARTY DISCLOSURES

Amounts owed to and from related parties by way of common control are;

£173,294 owed from Equinox Estates Mcr Ltd (2023 - £65,565),

£369,285 owed to Equinox Properties Mcr Ltd (2023 - £197,522),

£10,039 owed from Outset Cafe Ltd (2023 - £9,905 owed to).

No interest has been charged and amounts are repayable on demand.