REGISTERED NUMBER: 13817933 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

EQ Operations Randlay Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M J Cooper

A S Faulkner

Ms S Crawley

REGISTERED OFFICE:

46 Curzon Street

London

W1J 7UH

REGISTERED NUMBER:

13817933 (England and Wales)

AUDITORS:

bk plus Audit Limited

Azzurri House

Walsall Road

Aldridge

Walsall

WS9 0RB

FIXED ASSETS

Tangible assets

4

47,952

33,252

CURRENT ASSETS

Debtors

5

393,253

242,022

Cash at bank and in hand

288,895

36,739

682,148

278,761

CREDITORS

Amounts falling due within one year

6

(1,125,941

)

(589,104

)

NET CURRENT LIABILITIES

(443,793

)

(310,343

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(395,841

)

(277,091

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(395,941

)

(277,191

)

(395,841

)

(277,091

)

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 Board of Directors and authorised for issue on 10 December 2025 and were signed on its behalf by:

A S Faulkner - Director

1.	STATUTORY INFORMATION

EQ Operations Randlay 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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

-

20% on cost

Computer equipment

-

33% on 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.

Hire purchase and leasing commitments

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

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.

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 current liabilities.

Going concern

The financial statements have been prepared on a going concern basis, which assumes that the Company will continue in operational existence for the foreseeable future and will be able to realise its assets and discharge its liabilities in the normal course of business.

In assessing whether the going concern basis is appropriate, the Directors have considered the Company’s current financial position, cash flow forecasts, borrowing facilities and covenant compliance for a period of at least 12 months from the date of approval of these financial statements. The forecasts have been prepared based on the Directors’ best estimates of future trading performance and include reasonably possible downside scenarios.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 67 (2023 - 33 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2024

34,789

1,985

36,774

Additions

24,900

433

25,333

At 31 December 2024

59,689

2,418

62,107

DEPRECIATION

At 1 January 2024

3,136

386

3,522

Charge for year

9,900

733

10,633

At 31 December 2024

13,036

1,119

14,155

NET BOOK VALUE

At 31 December 2024

46,653

1,299

47,952

At 31 December 2023

31,653

1,599

33,252

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

(Unaudited)

£

£

Trade debtors

111,483

120,864

Amounts owed by group undertakings

-

85,899

Prepayments and accrued income

281,770

35,259

393,253

242,022

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

(Unaudited)

£

£

Trade creditors

81,105

19,023

Amounts owed to group undertakings

693,125

433,781

Social security and other taxes

46,521

17,000

Other creditors

(1,800

)

(118

)

Accruals and deferred income

306,990

119,418

1,125,941

589,104

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.12.24

31.12.23

(Unaudited)

£

£

Within one year

13,706

-

Between one and five years

26,270

-

39,976

-

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Keval Dattani ACA (Senior Statutory Auditor)

for and on behalf of bk plus Audit Limited

9.	ULTIMATE CONTROLLING PARTY

The controlling party is A S Faulkner.

The ultimate parent company is Zephyr X Holdings Limited, registered office 46 Curzon Street, London, W1J 7UH.

The following are the parents of the largest and smallest groups in which this company's results are consolidated:

Largest group

Zephyr X Holdings Limited

Smallest group

Zephyr X Holdings Limited

Consolidated accounts are available from the groups registered office.