Equinox Properties MCR Limited - Accounts to registrar (filleted) - small 22.3

Equinox Properties MCR Limited - Accounts to registrar (filleted) - small 22.3

EQUINOX PROPERTIES MCR LTD - Company Information

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REGISTERED NUMBER: 08985821 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2023

for

Equinox Properties MCR Limited
Equinox Properties MCR Limited (Registered number: 08985821)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

Equinox Properties MCR Limited

Company Information
for the Year Ended 30 April 2023







DIRECTOR: D Jebreel





REGISTERED OFFICE: 53 King Street
Manchester
M2 4LQ





REGISTERED NUMBER: 08985821 (England and Wales)





ACCOUNTANTS: Raise
Chartered Accountants
10th Floor
3 Hardman Street
Spinningfields
Manchester
M3 3HF
Page 1
Equinox Properties MCR Limited (Registered number: 08985821)

Balance Sheet
30 April 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,004 -
Investment property 5 2,048,182 2,048,182
2,049,186 2,048,182

CURRENT ASSETS
Debtors 6 209,841 -
Cash at bank 200,448 288
410,289 288
CREDITORS
Amounts falling due within one year 7 422,090 742,375
NET CURRENT LIABILITIES (11,801 ) (742,087 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
2,037,385
1,306,095

CREDITORS
Amounts falling due after more than one year 8 1,261,571 529,045
NET ASSETS 775,814 777,050

CAPITAL AND RESERVES
Called up share capital 1 1
Revaluation reserve 10 760,220 760,220
Retained earnings 15,593 16,829
SHAREHOLDERS' FUNDS 775,814 777,050

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 April 2024 and were signed by:





D Jebreel - Director


The notes form part of these financial statements

Page 2
Equinox Properties MCR Limited (Registered number: 08985821)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

Equinox Properties MCR Limited 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

Investment property
Investment properties are revalued annually and any revaluation surplus or deficit is dealt with through profit and loss. No depreciation is provided in respect of investment properties.

Fixed asset investments

Fixed asset investments are shown at cost less provision for impairment.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Page 3 continued...
Equinox Properties MCR Limited (Registered number: 08985821)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 1,499
At 30 April 2023 1,499
DEPRECIATION
Charge for year 495
At 30 April 2023 495
NET BOOK VALUE
At 30 April 2023 1,004

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2022
and 30 April 2023 2,048,182
NET BOOK VALUE
At 30 April 2023 2,048,182
At 30 April 2022 2,048,182

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Other debtors 209,841 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Taxation and social security 3,947 3,948
Other creditors 418,143 738,427
422,090 742,375

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.23 30.4.22
£    £   
Bank loans 1,261,571 -
Other creditors - 529,045
1,261,571 529,045

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal - 394,282

Page 4 continued...
Equinox Properties MCR Limited (Registered number: 08985821)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

9. SECURED DEBTS

The following secured debts are included within creditors:

30.4.23 30.4.22
£    £   
Bank loans 1,261,571 -

The bank loans are secured by a charge on the various properties acquired. The interest rates to the loans are between 3%and 4%.

10. RESERVES
Revaluation
reserve
£   
At 1 May 2022
and 30 April 2023 760,220

11. RELATED PARTY DISCLOSURES

Equinox Properties MCR has made an interest free loan to Equinox Properties, a company wholly owned by the same ownership parties. The balance of this loan in 2023 is £240,172 (2022: £0).

Page 5
Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Equinox Properties MCR Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Equinox Properties MCR Limited for the year ended 30 April 2023 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Equinox Properties MCR Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Equinox Properties MCR Limited and state those matters that we have agreed to state to the director of Equinox Properties MCR Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Equinox Properties MCR Limited and its director for our work or for this report.

It is your duty to ensure that Equinox Properties MCR Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Equinox Properties MCR Limited. You consider that Equinox Properties MCR Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Equinox Properties MCR Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Raise
Chartered Accountants
10th Floor
3 Hardman Street
Spinningfields
Manchester
M3 3HF


30 April 2024

This page does not form part of the statutory financial statements

Page 6