REGISTERED NUMBER: 11499040 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 August 2025

for

Equ Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Ms K Wadkins

REGISTERED OFFICE:

Office 1, Floor 1, Maxwell House

Liverpool Innovation Park

Edge Lane

Liverpool

Merseyside

L7 9NJ

REGISTERED NUMBER:

11499040 (England and Wales)

ACCOUNTANTS:

Jonathan Ford & Co Limited

Chartered Accountants

Maxwell House

Liverpool Innovation Park

Liverpool

Merseyside

L7 9NJ

FIXED ASSETS

Tangible assets

5

1,203

1,510

Investment property

6

1,200,000

1,200,000

1,201,203

1,201,510

CURRENT ASSETS

Debtors

7

7,460

7,185

Cash at bank

13,128

1,288

20,588

8,473

CREDITORS

Amounts falling due within one year

8

36,190

33,301

NET CURRENT LIABILITIES

(15,602

)

(24,828

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,185,601

1,176,682

CREDITORS

Amounts falling due after more than one year

9

1,203,939

1,203,939

NET LIABILITIES

(18,338

)

(27,257

)

CAPITAL AND RESERVES

Called up share capital

200

200

Revaluation reserve

11

13,289

13,289

Retained earnings

(31,827

)

(40,746

)

(18,338

)

(27,257

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 12 May 2026 and were signed by:

Ms K Wadkins - Director

1.	STATUTORY INFORMATION

Equ Ltd 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Going Concern

The directors have determined that the company can continue to meet its day-to-day obligations for the next 12 months. The directors have therefore concluded that the going concern basis of preparation continues to be appropriate.

Significant judgements and estimates

The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below.

(i) Deferred tax provisioning

Deferred tax is recognised on all timing differences at the reporting date. The company's timing differences arise in the differing tax and accounting carrying values of tangible assets and in unrealised gains and losses on equity investments. Judgement is exercised when determining if and when the reversal of the timing difference is expected to occur and which rate of tax will apply.

(ii) Useful economic lives of tangible assets

The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually. They are amended when necessary to reflect current estimates, based on technological advancement, future investments, economic utilisation and the physical condition of the assets.

(iii) Fair value of investment property

The fair value of investment property is assessed at each reporting date. The company will appoint a person with suitable qualifications and experience to value the property. The key factors considered when valuing the investment property are the condition of the property, market demand and comparability with similar properties in the local area.

Turnover

Turnover represents rents received net of value added tax.

Revenue recognition

Rent is recognised in the period to which it relates.

Tenant deposits are recognised as income to the extent they are withheld and at the point that

the amount to be withheld is formally agreed with the tenant.

Tangible fixed assets

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

Plant and machinery etc

-

15% on cost

Investment property

Investment properties are initially recognised at cost and subsequently carried at fair value. Investment properties are revalued annually with any surplus or deficit being going through profit and loss. No depreciation is provided in respect of investment properties.

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans from banks and other third parties.

Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the financial instrument.

(i) Cash and cash equivalents

These comprise cash at bank and other short-term deposits.

(ii) Loans

Basic loans are initially measured at transaction price and subsequently carried at amortised cost using the effective interest method.

Taxation

Current tax is the amount of income tax payable in respect of taxable profit for the year or prior years. Tax is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the period end.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2024

and 31 August 2025

2,150

DEPRECIATION

At 1 September 2024

640

Charge for year

307

At 31 August 2025

947

NET BOOK VALUE

At 31 August 2025

1,203

At 31 August 2024

1,510

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 September 2024

and 31 August 2025

1,200,000

NET BOOK VALUE

At 31 August 2025

1,200,000

At 31 August 2024

1,200,000

Investment property comprised of two properties. The property values were assessed at the balance sheet date by local estate agents who gave a combined valuation for these properties of £1,200,000.

There are no restrictions on the realisability of investment property or on the remittance of income and proceeds of disposal.

Fair value at 31 August 2025 is represented by:

£

Valuation in 2025

1,200,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Other debtors

7,460

7,185

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Amounts owed to associates

10,682

10,682

Other creditors

25,508

22,619

36,190

33,301

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.25

31.8.24

£

£

Bank loans

575,000

575,000

Amounts owed to associates

628,939

628,939

1,203,939

1,203,939

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

575,000

575,000

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.8.25

31.8.24

£

£

Bank loans

575,000

575,000

Molo Holdings No.1 Limited has a fixed charge over Flat 3, 12 Ellerdale Road, London, NW3 6BB.

11.

RESERVES

Revaluatio

reserve

£

At 1 September 2024

and 31 August 2025

13,289

12.	OFF-BALANCE SHEET ARRANGEMENTS

The company has no off-balance sheet arrangements.

13.	RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed £639,620 (PY: £639,620) to Wadkins & Associates Ltd, a related party due to having a common shareholder/director.