Company registration number 05128311 (England and Wales)
EQUITY SOLUTIONS LIFT INVESTMENTS SHEFFIELD LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
EQUITY SOLUTIONS LIFT INVESTMENTS SHEFFIELD LIMITED
COMPANY INFORMATION
Directors
Mr M Dwan
Miss M A Guido
Secretary
North Consulting Limited
Company number
05128311
Registered office
Building 1000
Kings Reach Yew Street
Stockport
Cheshire
United Kingdom
SK4 2HG
Auditor
Azets Audit Services
Fleet House
New Road
Lancaster
United Kingdom
LA1 1EZ
EQUITY SOLUTIONS LIFT INVESTMENTS SHEFFIELD LIMITED
CONTENTS
Page
Directors' report
1 - 2
Independent auditor's report
3 - 5
Statement of comprehensive income
6
Balance sheet
7
Statement of changes in equity
8
Notes to the financial statements
9 - 15
EQUITY SOLUTIONS LIFT INVESTMENTS SHEFFIELD LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 30 APRIL 2025

The directors present their annual report and financial statements for the year ended 30 April 2025.

Principal activities

The principal activity of the company during the year was to provide business management services to Community 1st Sheffield Limited and the associated supply chain.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

Mr M Dwan
Miss M A Guido
Auditor

The auditor, Azets Audit Services, is deemed to be reappointed under section 487(2) of the Companies Act 2006.

Statement of directors' responsibilities

The directors are responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;

- make judgements and accounting estimates that are reasonable and prudent;

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Statement of disclosure to auditor

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the company’s auditor is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the company’s auditor is aware of that information.

Small companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

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EQUITY SOLUTIONS LIFT INVESTMENTS SHEFFIELD LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
By order of the board
J Connolly
North Consulting Limited
Secretary
12 November 2025
- 2 -
EQUITY SOLUTIONS LIFT INVESTMENTS SHEFFIELD LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF EQUITY SOLUTIONS LIFT INVESTMENTS SHEFFIELD LIMITED
Opinion

We have audited the financial statements of Equity Solutions LIFT Investments Sheffield Limited (the 'company') for the year ended 30 April 2025 which comprise the statement of comprehensive income, the balance sheet, the statement of changes in equity and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 30 April 2025 and of its profit for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

- the information given in the directors' r eport for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- the directors' report has been prepared in accordance with applicable legal requirements.

- 3 -
EQUITY SOLUTIONS LIFT INVESTMENTS SHEFFIELD LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF EQUITY SOLUTIONS LIFT INVESTMENTS SHEFFIELD LIMITED
Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identifie d material misstatements in the directors' r eport. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

- the financial statements are not in agreement with the accounting records and returns; or

- certain disclosures of directors' remuneration specified by law are not made; or

- we have not received all the information and explanations we require for our audit; or

- the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemption in preparing the directors' report and from the requirement to prepare a strategic report.

Responsibilities of directors
- 4 -

As explained more fully in the directors' r esponsibilities s tatement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

EQUITY SOLUTIONS LIFT INVESTMENTS SHEFFIELD LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF EQUITY SOLUTIONS LIFT INVESTMENTS SHEFFIELD LIMITED

Extent to which the audit was considered capable of detecting irregularities, including fraud

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above and on the Financial Reporting Council’s website, to detect material misstatements in respect of irregularities, including fraud.

We obtain and update our understanding of the entity, its activities, its control environment, and likely future developments, including in relation to the legal and regulatory framework applicable and how the entity is complying with that framework. Based on this understanding, we identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. This includes consideration of the risk of acts by the entity that were contrary to applicable laws and regulations, including fraud.

In response to the risk of irregularities and non-compliance with laws and regulations, including fraud, we designed procedures which included:

- Enquiry of management and those charged with governance around actual and potential litigation and claims as well as actual, suspected and alleged fraud;

- Assessing the extent of compliance with the laws and regulations considered to have a direct material effect on the financial statements or the operations of the company through enquiry and inspection;

- Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations;

- Performing audit work over the risk of management bias and override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for indicators of potential bias.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Susanna Cassey
Senior Statutory Auditor
For and on behalf of Azets Audit Services
18 November 2025
2025-11-18
Chartered Accountants
Statutory Auditor
Fleet House
New Road
Lancaster
United Kingdom
LA1 1EZ
- 5 -
EQUITY SOLUTIONS LIFT INVESTMENTS SHEFFIELD LIMITED
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 30 APRIL 2025
2025
2024
Notes
£
£
Administrative expenses
(148)
(82)
Gain on revaluation of fixed asset investments
5
790,268
6,082,258
Operating profit
790,120
6,082,176
Interest receivable and similar income
4
434,714
221,221
Interest payable and similar expenses
-
0
(5,215)
Intercompany loan write off
-
1,857,355
Profit before taxation
1,224,834
8,155,537
Tax on profit
(53,441)
(53,980)
Profit for the financial year
1,171,393
8,101,557

The profit and loss account has been prepared on the basis that all operations are continuing operations.

- 6 -
EQUITY SOLUTIONS LIFT INVESTMENTS SHEFFIELD LIMITED
BALANCE SHEET
AS AT 30 APRIL 2025
30 April 2025
2025
2024
Notes
£
£
£
£
Fixed assets
Investments
5
36,382,957
35,592,689
Current assets
Debtors falling due after more than one year
7
1,599,826
1,681,112
Debtors falling due within one year
7
130,316
153,025
Cash at bank and in hand
117,962
56,240
1,848,104
1,890,377
Creditors: amounts falling due within one year
8
(1,709,602)
(1,887,200)
Net current assets
138,502
3,177
Net assets
36,521,459
35,595,866
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
9
36,521,359
35,595,766
Total equity
36,521,459
35,595,866

The notes on pages 9 to 15 form part of these financial statements.

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

The financial statements were approved by the board of directors and authorised for issue on 12 November 2025 and are signed on its behalf by:
Mr M Dwan
Director
Company Registration No. 05128311
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EQUITY SOLUTIONS LIFT INVESTMENTS SHEFFIELD LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 APRIL 2025
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 1 May 2023
100
29,777,310
29,777,410
Year ended 30 April 2024:
Profit and total comprehensive income for the year
-
8,101,557
8,101,557
Dividends
-
(2,283,101)
(2,283,101)
Balance at 30 April 2024
100
35,595,766
35,595,866
Year ended 30 April 2025:
Profit and total comprehensive income for the year
-
1,171,393
1,171,393
Dividends
-
(245,800)
(245,800)
Balance at 30 April 2025
100
36,521,359
36,521,459
- 8 -
EQUITY SOLUTIONS LIFT INVESTMENTS SHEFFIELD LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
1
Accounting policies
Company information

Equity Solutions LIFT Investments Sheffield Limited is a private company limited by shares incorporated in England and Wales. The registered office is Building 1000, Kings Reach Yew Street, Stockport, Cheshire, United Kingdom, SK4 2HG.

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.

The Company is a parent company that is also a subsidiary included in the consolidated financial statements of its ultimate parent undertaking. The company has taken advantage of the exemption under section 400 of the Companies Act 2006 not to prepare consolidated accounts. The financial statements present information about the company as an individual entity and not about its group.

Equity Solutions LIFT Investments Sheffield Limited is a subsidiary of Equity Solutions LIFT Investments 2023 Limited and the results of Equity Solutions LIFT Investments Sheffield Limited are included in the consolidated financial statements of Equity Solutions LIFT Investments 2023 Limited which are available from Companies House, Crown Way, Cardiff, CF14 3UZ.

1.2
Going concern

The company has net assets of £36,521,459 (2024 - £35,595,866) reporting an operating profit of £790,120 (2024 - £6,082,176) and has net current assets of £138,502 (2024 - £3,177). The Directors are required to prepare the financial statements on a going concern basis unless it its inappropriate to presume that the Company will continue in business.true

In satisfaction of this responsibility, the Directors have considered the Company's ability to meet its liabilities as they fall due for a period of at least twelve months from the signing date of the financial statements. Based on the overall review, the Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Thus, the going concern basis of accounting has been adopted in preparing the financial statements.

1.3
Fixed asset investments

Investments in subsidiary companies are determined as the carrying value of investment at fair value through the statement of comprehensive income. The company applies the overriding concept that fair value is the amount for which an asset can be exchanged between knowledgeable willing parties in an arm's length transaction. The nature, facts and circumstances of the investment drive the valuation methodology. In this case, given that the companies subsidiaries are all property companies, the fair value of the company's investments is determined to approximate to the fair value of the net assets of the individual companies, which is largely made up of investment properties held at fair value and bank and sub debt held at amortised cost net of deferred tax relating to revaluation on properties as this element would not crystalise in the event of a sale, hence needs adjusting to reflect the fair value. Revaluation gains and losses are included within the statement of comprehensive income.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

- 9 -
EQUITY SOLUTIONS LIFT INVESTMENTS SHEFFIELD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
1
Accounting policies
(Continued)
1.4
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.

1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with 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.

Interest income is recognised in the Statement of Comprehensive income using the effective interest method.

Finance costs are charged to the Statement of Comprehensive Income over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carry amount. Issue costs are initially recognised as a reduction in the proceeds of associated capital instruments.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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 paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable 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.

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest rate method.

- 10 -
EQUITY SOLUTIONS LIFT INVESTMENTS SHEFFIELD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
1
Accounting policies
(Continued)
1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

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.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

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EQUITY SOLUTIONS LIFT INVESTMENTS SHEFFIELD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
2
Judgements and key sources of estimation uncertainty
(Continued)
Key sources of estimation uncertainty

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows.

Investments

The most critical estimates, assumptions and judgements relate to the determination of carrying value of investments at fair value through profit or loss. The company applies the overriding concept that fair value is the amount for which an asset can be exchanged between knowledgeable willing parties in an arm's length transaction. The nature, facts and circumstances of the investment drive the valuation methodology. In this case, given that the companies subsidiaries are all property companies , the fair value of the company is determined to approximate to the fair value of the net assets (net of deferred tax on properties) of the individual companies, which is largely made up of investment properties held at fair value and bank and sub debt at amortised cost.

3
Employees

The company employed no staff other than the directors during either year. The emoluments of the directors are paid by a fellow group undertaking, which makes no rechage to the company. The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
0
0
4
Interest receivable and similar income
2025
2024
£
£
Interest receivable and similar income includes the following:
Income from shares in group undertakings
220,800
-
0
Interest receivable from group companies
213,899
221,221
5
Fixed asset investments
2025
2024
£
£
Shares in group undertakings and participating interests
36,382,957
35,592,689
- 12 -
EQUITY SOLUTIONS LIFT INVESTMENTS SHEFFIELD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
5
Fixed asset investments
(Continued)
Movements in fixed asset investments
Shares in subsidiaries
£
Cost or valuation
At 1 May 2024
35,592,689
Valuation changes
790,268
At 30 April 2025
36,382,957
Carrying amount
At 30 April 2025
36,382,957
At 30 April 2024
35,592,689
6
Subsidiaries

Details of the company's subsidiaries at 30 April 2025 are as follows:

Name of undertaking
Registered office
Class of
% Held
shares held
Direct
Indirect
Community 1st Sheffield Limited
Building 1000, Kings Reach, Yew Street, Stockport, SK4 2HG
Ordinary
60.00
-
Community 1st Sheffield (Holdco) Limited
Building 1000, Kings Reach, Yew Street, Stockport, SK4 2HG
Ordinary
-
60.00
Community 1st Sheffield (Tranche 2) Limited
Building 1000, Kings Reach, Yew Street, Stockport, SK4 2HG
Ordinary
-
60.00

On a historic cost basis, the investments in the subsidiary undertakings would be indicated at £60 (2024 - £60).

7
Debtors
2025
2024
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
130,316
153,025
2025
2024
Amounts falling due after more than one year:
£
£
Amounts owed by group undertakings
1,599,826
1,681,112
Total debtors
1,730,142
1,834,137

Amounts owed by group undertakings due within one year are interest-free and repayable on demand.

Amounts owed by group undertakings due after more than one year represent subordinated debt repayable over periods ranging from 6 to 12 years, at interest rates between 12% and 12.5% p.a.

- 13 -
EQUITY SOLUTIONS LIFT INVESTMENTS SHEFFIELD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
8
Creditors: amounts falling due within one year
2025
2024
£
£
Amounts owed to group undertakings
1,683,101
1,833,101
Corporation tax
26,402
53,951
Other creditors
99
148
1,709,602
1,887,200

Amounts owed to group undertakings are interest free and repayable on demand.

9
Reserves
Profit and loss reserves

The Company has a profit and loss reserve of £36,521,359 (2024 - £35,595,766). Of this, £36,382,861 (2024 - £35,592,593) is non-distributable.

- 14 -
EQUITY SOLUTIONS LIFT INVESTMENTS SHEFFIELD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
10
Related party transactions
Transactions with related parties

During the year the company entered into the following transactions with related parties:

Interest receivable
2025
2024
£
£
Group undertakings
213,899
221,192
2025
2024
Amounts due to related parties
£
£
Group undertakings
1,683,101
1,833,101
Entities under common control
-
0
50

The following amounts were outstanding at the reporting end date:

2025
2024
Amounts due from related parties
£
£
Group undertakings
1,730,142
1,834,138
11
Events after the reporting date

The company paid a dividend of £200,161 to shareholders on 28 October 2025.

12
Parent company

The Company is controlled by Equity Solutions LIFT Investments Limited, a company incorporated in England and Wales. The registered office of this Company is Building 1000, Kings Reach, Yew Street, Stockport, SK4 2HG.

The ultimate parent undertaking is Equity Solutions LIFT Investments 2023 Limited, a company incorporated in England and Wales. The registered office of this Company is Building 1000, Kings Reach, Yew Street, Stockport, SK4 2HG.

The parent undertaking of the smallest and largest group for which consolidated accounts are prepared is Equity Solutions LIFT Investments 2023 Limited. Consolidated accounts are available from Companies House, Crown Way, Cardiff, CF14 3UZ.

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