Equicap Estates Limited

(Registration number: 08403111) (England and Wales)
Balance Sheet as at 31 July 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	649	865
Investment property	6	4,750,000	4,750,000
		4,750,649	4,750,865
Current assets
Debtors	7	4,531,073	4,597,857
Investments	8	1,293,402	1,300,565
Cash at bank and in hand		109,491	47,427
		5,933,966	5,945,849
Creditors: Amounts falling due within one year	9	(1,234,203)	(985,710)
Net current assets		4,699,763	4,960,139
Total assets less current liabilities		9,450,412	9,711,004
Creditors: Amounts falling due after more than one year	9	(5,083,400)	(5,309,900)
Net assets		4,367,012	4,401,104
Capital and reserves
Called up share capital	11	101	101
Retained earnings		4,366,911	4,401,003
Shareholders' funds		4,367,012	4,401,104

For the financial year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Equicap Estates Limited

(Registration number: 08403111) (England and Wales)
Balance Sheet as at 31 July 2025 (continued)

The financial statements were approved and authorised for issue by the director on 28 July 2026
 

......................................... Mr A Luthra Director

Equicap Estates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Ragas House, Belvue Road
Northolt Trading Estate
Northolt
UB5 5QS
United Kingdom

These financial statements were authorised for issue by the director on 28 July 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The functional and presentational currency is GBP Sterling (£), being the currency of the primary economic environment in which the company operates in. The amounts are presented rounded to the nearest pound.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the rental income from the investmnet properties in the ordinary course of the company’s activities.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Equicap Estates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025 (continued)

2	Accounting policies (continued)

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures, fittings & Equipment	25% Reducing balance basis
Office Equipment	25% Reducing balance basis

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Equicap Estates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025 (continued)

2	Accounting policies (continued)

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Financial instruments

(i) Financial assets
Basic financial assets, including trade, other debtors, and cash and bank balances, and amounts due from fellow group undertakings, are initially recognised at transaction price, 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.

Such assets are subsequently carried at amortised cost using the effective interest method, unless they are receivable within one year. In these instances, assets are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration, expected to be received.

At the end of each reporting period financial assets are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party, or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Equicap Estates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025 (continued)

2	Accounting policies (continued)

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors, bank loans, and amounts due to fellow group undertakings, 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 receipts discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method, unless they are payable within one year. In these instances, assets are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration, expected to be paid.

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit or Loss Account over the period of the relevant borrowing. Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.

3	Staff numbers

The average monthly number of persons employed by the company (including the director) during the year, was 1 (2024: 1).

4

Taxation

Tax charged/(credited) in the profit and loss account

	2025 £	2024 £
Current taxation
UK corporation tax adjustment to prior periods	29,656	(35,035)

Equicap Estates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025 (continued)

5	Tangible assets

	Fixtures and fittings £	Office equipment £	Total £
Cost or valuation
At 1 August 2024	8,841	10,552	19,393
At 31 July 2025	8,841	10,552	19,393
Depreciation
At 1 August 2024	8,468	10,060	18,528
Charge for the year	93	123	216
At 31 July 2025	8,561	10,183	18,744
Carrying amount
At 31 July 2025	280	369	649
At 31 July 2024	373	492	865

6	Investment properties

	2025 £
At 1 August	4,750,000
At 31 July	4,750,000

The investment property was valued on 30 June 2020 by the Directors on an open market value basis.

7

Debtors

	Note	2025 £	2024 £
Amounts owed by group undertakings	12	4,531,073	4,597,857
		4,531,073	4,597,857

8	Current asset investments

	2025 £	2024 £
Other investments	1,293,402	1,300,565

Equicap Estates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025 (continued)

9

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	10	24,143	-
Trade creditors		-	19,464
Amounts owed to group undertakings	12	199	199
Accruals and deferred income		70,677	53,600
Directors current account		1,139,184	910,879
Corporation tax payable		-	1,568
		1,234,203	985,710

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	10	3,131,408	3,131,408
Other borrowings		1,951,992	2,178,492
		5,083,400	5,309,900

Other borrowings include an amount of £1,951,992 (2024: £2,178,492) payable to companies which have a common director.

Equicap Estates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025 (continued)

10	Loans and borrowings

Current loans and borrowings

	2025 £	2024 £
Bank overdrafts	24,143	-

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	3,131,408	3,131,408

Bank loans are secured by a charge on the investment properties.

11	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	101	101	101	101

12	Related party transactions

The company has taken advantage of the exemptions available in FRS 102 1A from disclosing related party transactions with other companies that are wholly owned within the group.

13	Parent and ultimate parent undertaking

The company's immediate parent is Equicap Limited, incorporated in Englad and Wales.

  These financial statements are available upon request from
Fairfield
London Road
Rickmansworth
WD3 1JS
United Kingdom

 The ultimate controlling party is Arunesh Luthra.