Company No: 13510760 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTOR

Tajveer Singh Gill

REGISTERED OFFICE	Seaton Burn House Dudley Lane
	Seaton Burn
	Newcastle Upon Tyne
	NE13 6BE
	United Kingdom

COMPANY NUMBER

13510760 (England and Wales)

ACCOUNTANT	S&W Partners Newcastle Limited
	17 Queens Lane
	Newcastle
	NE1 1RN

	Note	2024		2023
		£		£
Fixed assets
Investments	3	738,753		1,100,926
		738,753		1,100,926
Current assets
Cash at bank and in hand		2,447		5,452
		2,447		5,452
Creditors: amounts falling due within one year	4	( 182,400)		( 212,400)
Net current liabilities		(179,953)		(206,948)
Total assets less current liabilities		558,800		893,978
Creditors: amounts falling due after more than one year	5	( 1,044,000)		( 1,044,000)
Net liabilities		( 485,200)		( 150,022)
Capital and reserves
Called-up share capital		1		1
Profit and loss account		( 485,201 )		( 150,023 )
Total shareholder's deficit		( 485,200)		( 150,022)

For the financial year ending 31 July 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges 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 Profit and Loss Account has not been delivered.

The financial statements of Equity Ic Ltd (registered number: 13510760) were approved and authorised for issue by the Director on 17 June 2026. They were signed on its behalf by:

Tajveer Singh Gill Director

1. Accounting policies

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

General information and basis of accounting

Equity Ic Ltd (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 Seaton Burn House Dudley Lane, Seaton Burn, Newcastle Upon Tyne, NE13 6BE, 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 ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of Equity Ic Ltd is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

These financial statements are separate financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise on monetary items.

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 Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on enacted or substantively enacted tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	0		0

3. Fixed asset investments

	Other investments		Total
	£		£
Cost or valuation before impairment
At 01 August 2023	1,100,926		1,100,926
Disposals	258,124		258,124
Revaluations	( 620,297)		( 620,297)
At 31 July 2024	738,753		738,753
Carrying value at 31 July 2024	738,753		738,753
Carrying value at 31 July 2023	1,100,926		1,100,926

4. Creditors: amounts falling due within one year

	2024		2023
	£		£
Other creditors	182,400		212,400

5. Creditors: amounts falling due after more than one year

	2024		2023
	£		£
Other creditors	1,044,000		1,044,000

There are no amounts included above in respect of which any security has been given by the small entity.