| EKUINE PROPERTIES LIMITED |
| Registered Number:10787664 |
For the year ended 31 May 2025
England and Wales
Unaudited Financial Statements
For the year ended 31 May 2025
EKUINE PROPERTIES LIMITED
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
EKUINE PROPERTIES LIMITED
Statement of Financial Position
2024
2025
| Property, plant and equipment |
285
568
2
3
830,000
740,000
830,285
740,568
| Trade and other receivables |
-
3,504
4
810
| Cash and cash equivalents |
-
3,504
810
| Trade and other payables: amounts falling due within one |
| year |
(187,308)
(195,387)
5
(186,498)
(191,883)
Net current liabilities
| Total assets less current liabilities |
638,402
554,070
| Trade and other payables: amounts falling due after more |
| than one year |
(579,508)
(576,421)
6
(53,383)
(36,337)
| Provisions for liabilities |
8,598
Net assets/liabilities
(61,775)
10
10
8,588
(61,785)
8,598
(61,775)
Shareholders' funds
| For the year ended 31 May 2025 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
| The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 in accordance with Section 476 of the Companies Act 2006 |
| The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
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For the year ended 31 May 2025
EKUINE PROPERTIES LIMITED
Statement of Financial Position Continued
| These financial statements were approved and authorised for issue by the Board on 30 May 2026 and were signed by: |
| The notes form part of these financial statements |
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For the year ended 31 May 2025
EKUINE PROPERTIES LIMITED
Notes to the Financial Statements
Statutory Information
| EKUINE PROPERTIES LIMITED is a private limited company, limited by shares, domiciled in England and Wales, |
| registration number 10787664. |
Holly Tree Bungalow
Wanswell Green
Berkeley
GL13 9SN
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
| Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the |
| Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
| modified by the revaluation of certain assets. |
Revenue recognition
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes. |
Property, plant and equipment
| Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and Machinery
Investment property
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
Deferred tax
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
Finacial 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. |
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For the year ended 31 May 2025
EKUINE PROPERTIES LIMITED
Notes to the Financial Statements Continued
| 2. Property, plant and equipment |
8,850
8,850
| Provision for depreciation and impairment |
8,282
Charge for year
283
8,565
285
568
740,000
90,000
830,000
830,000
740,000
| The valuation of the investment properties at £830,000 was made on the 31st May 2025 by the directors, on an open market basis. No depreciation is provided in respect of these properties. On an historical basis these would have been included at an original cost of £549,320 |
| 4. Trade and other receivables |
2024
2025
3,504
-
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For the year ended 31 May 2025
EKUINE PROPERTIES LIMITED
Notes to the Financial Statements Continued
| 5. Trade and other payables: amounts falling due within one year |
2024
2025
29,163
33,050
2,404
2,404
163,820
151,854
195,387
187,308
| 6. Trade and other payables: amounts falling due after more than one year |
2024
2025
2,632
5,719
| Bank loans and overdraft (secured) |
573,789
573,789
576,421
579,508
| The company owes loans and mortages of £573,789 (2024 - £573,789).and these are secured over the company's investment properties and are on an interest only basis. |
| 7. Related party transactions |
| The company owes an unsecured loan from Mr J Ellis, a director. At the year end the balance outstanding was |
| £18,266 (2024 - £18,516 ) and was interest free. This amount is included within Other Creditors. |
| The company owes an unsecured loan from Mr T Ellis, a director. At the year end the balance outstanding was |
| £124,354 (2024 - £112,138) and was interest free. This amount is included within Other Creditors. |
| The company owes an unsecured loan from a directors family. At the year end the balance outstanding was £20,000 |
| (2024 - £20,000). This amount is included within Other Creditors. |
| 8. Average number of persons employed |
During the year the average number of employees was 0
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