Company No: 15522150 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	28.02.2025
		£
Fixed assets
Intangible assets	3	276,225
		276,225
Current assets
Debtors	4	29,218
Cash at bank and in hand		18,960
		48,178
Creditors: amounts falling due within one year	5	( 508,561)
Net current liabilities		(460,383)
Total assets less current liabilities		(184,158)
Net liabilities		( 184,158)
Capital and reserves
Called-up share capital	6	101
Profit and loss account		( 184,259 )
Total shareholder's deficit		( 184,158)

For the financial period ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has not required the company to obtain an audit of its financial statements for the financial period in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Equals Collective Limited (registered number: 15522150) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

I B Chocron Director

07 December 2025

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

Equals Collective Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 35 Ballards Lane, London, N3 1XW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have prepared the financial statements on a going concern basis. In forming this view, they have considered the company’s current financial position, cash flow forecasts, and the principal risks and uncertainties facing the business. The company’s forecasts and projections indicate that additional funding will be required to enable the business to continue to meet its obligations as they fall due for at least the next twelve months from the date of approval of these financial statements. Management is actively engaged in discussions with potential funders and is confident that such funding can be secured. However, there can be no certainty that these efforts will be successful or that sufficient funding will be available when required. These conditions indicate the existence of a material uncertainty which may cast significant doubt on the company’s ability to continue as a going concern. The financial statements do not include the adjustments that would result if the company was unable to continue as a going concern.

The directors have confirmed that the cash facilities will continue to be available for at least 12 months from the date of signing these financial statements and the directors will continue to support the company. Given the current position, the directors believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Statement of Financial Position date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Statement of Financial Position date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Development costs

10 years straight line

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.

Cash and cash equivalents

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 creditors: amounts falling due within one year.

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.

Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like other debtors, trade and other creditors, and loans to related parties.

Financial assets
Basic financial assets, including other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Income and Retained Earnings/Statement of Comprehensive Income.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities
Basic financial liabilities, including trade and other creditors, accruals and amounts due to related companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

2. Employees

	Period from 26.02.2024 to 28.02.2025
	Number
Monthly average number of persons employed by the company during the period, including directors	4

3. Intangible assets

	Development costs		Total
	£		£
Cost
At 26 February 2024	0		0
Additions	276,225		276,225
At 28 February 2025	276,225		276,225
Accumulated amortisation
At 26 February 2024	0		0
At 28 February 2025	0		0
Net book value
At 28 February 2025	276,225		276,225

4. Debtors

	28.02.2025
	£
Prepayments	29,117
Other debtors	101
	29,218

5. Creditors: amounts falling due within one year

	28.02.2025
	£
Trade creditors	49,023
Amounts owed to parent undertakings	140,000
Amounts owed to associates	314,029
Accruals	5,509
	508,561

6. Called-up share capital

	28.02.2025
	£
Allotted, called-up and fully-paid
101 Ordinary shares of £ 1.00 each	101

On incorporation, the Company issued 101 Ordinary shares of £1.00 each at par.

7. Related party transactions

Other related party transactions

	28.02.2025
	£
Included within creditors is a balance due to a parent company	140,000
Included within creditors is a balance due to companies with common directors	314,029

All loans are unsecured, interest-free and repayable on demand.