Aequus Land Ludlow Limited

AEQUUS LAND LUDLOW LIMITED - Company Information

2021-10-012022-09-302022-09-30false06695650Aequus Land Ludlow Limited2023-06-29iso4217:GBPxbrli:pure066956502021-10-01066956502022-09-30066956502021-10-012022-09-30066956502020-10-01066956502021-09-30066956502020-10-012021-09-3006695650bus:SmallEntities2021-10-012022-09-3006695650bus:AuditExempt-NoAccountantsReport2021-10-012022-09-3006695650bus:FullAccounts2021-10-012022-09-3006695650bus:PrivateLimitedCompanyLtd2021-10-012022-09-3006695650core:WithinOneYear2022-09-3006695650core:AfterOneYear2022-09-3006695650core:WithinOneYear2021-09-3006695650core:AfterOneYear2021-09-3006695650core:ShareCapital2022-09-3006695650core:SharePremium2022-09-3006695650core:RevaluationReserve2022-09-3006695650core:OtherReservesSubtotal2022-09-3006695650core:RetainedEarningsAccumulatedLosses2022-09-3006695650core:ShareCapital2021-09-3006695650core:SharePremium2021-09-3006695650core:RevaluationReserve2021-09-3006695650core:OtherReservesSubtotal2021-09-3006695650core:RetainedEarningsAccumulatedLosses2021-09-3006695650core:LandBuildings2022-09-3006695650core:PlantMachinery2022-09-3006695650core:Vehicles2022-09-3006695650core:FurnitureFittings2022-09-3006695650core:OfficeEquipment2022-09-3006695650core:NetGoodwill2022-09-3006695650core:IntangibleAssetsOtherThanGoodwill2022-09-3006695650core:ListedExchangeTraded2022-09-3006695650core:UnlistedNon-exchangeTraded2022-09-3006695650core:LandBuildings2021-09-3006695650core:PlantMachinery2021-09-3006695650core:Vehicles2021-09-3006695650core:FurnitureFittings2021-09-3006695650core:OfficeEquipment2021-09-3006695650core:NetGoodwill2021-09-3006695650core:IntangibleAssetsOtherThanGoodwill2021-09-3006695650core:ListedExchangeTraded2021-09-3006695650core:UnlistedNon-exchangeTraded2021-09-3006695650core:LandBuildings2021-10-012022-09-3006695650core:PlantMachinery2021-10-012022-09-3006695650core:Vehicles2021-10-012022-09-3006695650core:FurnitureFittings2021-10-012022-09-3006695650core:OfficeEquipment2021-10-012022-09-3006695650core:NetGoodwill2021-10-012022-09-3006695650core:IntangibleAssetsOtherThanGoodwill2021-10-012022-09-3006695650core:ListedExchangeTraded2021-10-012022-09-3006695650core:UnlistedNon-exchangeTraded2021-10-012022-09-3006695650core:MoreThanFiveYears2021-10-012022-09-3006695650core:Non-currentFinancialInstruments2022-09-3006695650core:Non-currentFinancialInstruments2021-09-3006695650dpl:CostSales2021-10-012022-09-3006695650dpl:DistributionCosts2021-10-012022-09-3006695650dpl:AdministrativeExpenses2021-10-012022-09-3006695650core:LandBuildings2021-10-012022-09-3006695650core:PlantMachinery2021-10-012022-09-3006695650core:Vehicles2021-10-012022-09-3006695650core:FurnitureFittings2021-10-012022-09-3006695650core:OfficeEquipment2021-10-012022-09-3006695650core:NetGoodwill2021-10-012022-09-3006695650core:IntangibleAssetsOtherThanGoodwill2021-10-012022-09-3006695650dpl:GroupUndertakings2021-10-012022-09-3006695650dpl:ParticipatingInterests2021-10-012022-09-3006695650dpl:GroupUndertakingscore:ListedExchangeTraded2021-10-012022-09-3006695650core:ListedExchangeTraded2021-10-012022-09-3006695650dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-10-012022-09-3006695650core:UnlistedNon-exchangeTraded2021-10-012022-09-3006695650dpl:CostSales2020-10-012021-09-3006695650dpl:DistributionCosts2020-10-012021-09-3006695650dpl:AdministrativeExpenses2020-10-012021-09-3006695650core:LandBuildings2020-10-012021-09-3006695650core:PlantMachinery2020-10-012021-09-3006695650core:Vehicles2020-10-012021-09-3006695650core:FurnitureFittings2020-10-012021-09-3006695650core:OfficeEquipment2020-10-012021-09-3006695650core:NetGoodwill2020-10-012021-09-3006695650core:IntangibleAssetsOtherThanGoodwill2020-10-012021-09-3006695650dpl:GroupUndertakings2020-10-012021-09-3006695650dpl:ParticipatingInterests2020-10-012021-09-3006695650dpl:GroupUndertakingscore:ListedExchangeTraded2020-10-012021-09-3006695650core:ListedExchangeTraded2020-10-012021-09-3006695650dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2020-10-012021-09-3006695650core:UnlistedNon-exchangeTraded2020-10-012021-09-3006695650core:NetGoodwill2022-09-3006695650core:IntangibleAssetsOtherThanGoodwill2022-09-3006695650core:LandBuildings2022-09-3006695650core:PlantMachinery2022-09-3006695650core:Vehicles2022-09-3006695650core:FurnitureFittings2022-09-3006695650core:OfficeEquipment2022-09-3006695650core:AfterOneYear2022-09-3006695650core:WithinOneYear2022-09-3006695650core:ListedExchangeTraded2022-09-3006695650core:UnlistedNon-exchangeTraded2022-09-3006695650core:ShareCapital2022-09-3006695650core:SharePremium2022-09-3006695650core:RevaluationReserve2022-09-3006695650core:OtherReservesSubtotal2022-09-3006695650core:RetainedEarningsAccumulatedLosses2022-09-3006695650core:NetGoodwill2021-09-3006695650core:IntangibleAssetsOtherThanGoodwill2021-09-3006695650core:LandBuildings2021-09-3006695650core:PlantMachinery2021-09-3006695650core:Vehicles2021-09-3006695650core:FurnitureFittings2021-09-3006695650core:OfficeEquipment2021-09-3006695650core:AfterOneYear2021-09-3006695650core:WithinOneYear2021-09-3006695650core:ListedExchangeTraded2021-09-3006695650core:UnlistedNon-exchangeTraded2021-09-3006695650core:ShareCapital2021-09-3006695650core:SharePremium2021-09-3006695650core:RevaluationReserve2021-09-3006695650core:OtherReservesSubtotal2021-09-3006695650core:RetainedEarningsAccumulatedLosses2021-09-3006695650core:NetGoodwill2020-10-0106695650core:IntangibleAssetsOtherThanGoodwill2020-10-0106695650core:LandBuildings2020-10-0106695650core:PlantMachinery2020-10-0106695650core:Vehicles2020-10-0106695650core:FurnitureFittings2020-10-0106695650core:OfficeEquipment2020-10-0106695650core:AfterOneYear2020-10-0106695650core:WithinOneYear2020-10-0106695650core:ListedExchangeTraded2020-10-0106695650core:UnlistedNon-exchangeTraded2020-10-0106695650core:ShareCapital2020-10-0106695650core:SharePremium2020-10-0106695650core:RevaluationReserve2020-10-0106695650core:OtherReservesSubtotal2020-10-0106695650core:RetainedEarningsAccumulatedLosses2020-10-0106695650core:AfterOneYear2021-10-012022-09-3006695650core:WithinOneYear2021-10-012022-09-3006695650core:Non-currentFinancialInstrumentscore:CostValuation2021-10-012022-09-3006695650core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2021-10-012022-09-3006695650core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2021-10-012022-09-3006695650core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2021-10-012022-09-3006695650core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2021-10-012022-09-3006695650core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2021-10-012022-09-3006695650core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2021-10-012022-09-3006695650core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2021-10-012022-09-3006695650core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2021-10-012022-09-3006695650core:Non-currentFinancialInstrumentscore:CostValuation2022-09-3006695650core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-09-3006695650core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-09-3006695650core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-09-3006695650core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-09-3006695650core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-09-3006695650core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-09-3006695650core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-09-3006695650core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-09-3006695650core:Non-currentFinancialInstrumentscore:CostValuation2021-09-3006695650core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2021-09-3006695650core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2021-09-3006695650core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2021-09-3006695650core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2021-09-3006695650core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2021-09-3006695650core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2021-09-3006695650core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2021-09-3006695650core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2021-09-3006695650bus:Director12021-10-012022-09-3006695650bus:Director22021-10-012022-09-3006695650bus:Director32021-10-012022-09-3006695650bus:Director42021-10-012022-09-30

Registered Number
06695650
(England and Wales)

Unaudited Financial Statements for the Year ended
30 September 2022

Aequus Land Ludlow Limited

Company Information
for the year from 1 October 2021 to 30 September 2022


Directors	Graham J Bennett
	Julia L Bennett
	Simon A M Corner
	Lee M Turner


Registered Address	Netley Old Hall Farm
	Dorrington
	Shrewsbury
	SY5 7JY


Registered Number	06695650 (England and Wales)

Aequus Land Ludlow Limited

Balance Sheet as at
30 September 2022

	Notes	2022		2021
		£	£	£	£
Current assets
Stocks	8	15,064		450,754
Debtors	9	63,779		70,600
Cash at bank and on hand		868		61,999
		79,711		583,353
Creditors amounts falling due within one year	10	(50,106)		(545,439)
Net current assets (liabilities)			29,605		37,914
Total assets less current liabilities			29,605		37,914
Creditors amounts falling due after one year	11		(27,480)		(37,409)
Net assets			2,125		505
Capital and reserves
Called up share capital			100		100
Profit and loss account			2,025		405
Shareholders' funds			2,125		505

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The directors have chosen to not file a copy of the company’s profit and loss account.

The financial statements were approved and authorised for issue by the Board of Directors on 29 June 2023, and are signed on its behalf by:

Simon A M Corner
Director
Registered Company No. 06695650

Aequus Land Ludlow Limited

Notes to the Financial Statements
for the year ended 30 September 2022

1.	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	Compliance with applicable reporting framework
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

3.	Principal activities
	The principal activity of the company is the construction of building projects.

4.	Basis of measurement used in financial statements
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

5.	Accounting policies

	Stocks policy
	Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

	Revenue recognition policy
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue recognition policy

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Foreign currency translation and operations policy
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation and operations policy

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Government grants and other government assistance policy
	Government revenue grants are recognised as other operating income in the period in which they are received with any associated costs disclosed separately in the profit and loss account.

6.	Employee information


		2022		2021
	Average number of employees during the year	0		0

7.	Description of nature of transactions and balances with related parties
	A director has loaned monies to the Company to fund its activities, the carrying amount at year end is £11,700 (2021 - £122,134). The borrowing has been made on an unsecured interest free basis, being repayable upon demand. A shareholder holding 50% of the shares in the Company has loaned monies to the Company to funds its activities. The carrying amount at year end is £11,700 (2021 - £110,524). The borrowing has been made on an unsecured interest free basis, being repayable upon demand. The Company has advanced monies to a Company in which one of the Directors has significant control. The carrying amount at year end is £41,558 (2021 - £43,588).These monies have been advanced on an unsecured, interest free basis and are repayable upon demand.

Description of nature of transactions and balances with related parties

A director has loaned monies to the Company to fund its activities, the carrying amount at year end is £11,700 (2021 - £122,134).  The borrowing has been made on an unsecured interest free basis, being repayable upon demand.

A shareholder holding 50% of the shares in the Company has loaned monies to the Company to funds its activities.  The carrying amount at year end is £11,700 (2021 - £110,524).  The borrowing has been made on an unsecured interest free basis, being repayable upon demand.

The Company has advanced monies to a Company in which one of the Directors has significant control. The carrying amount at year end is £41,558 (2021 - £43,588).These monies have been advanced on an unsecured, interest free basis and are repayable upon demand.

8.	Stocks

	2022	2021
	£	£
Work in progress	15,064	450,754
Total	15,064	450,754

9.	Debtors

	2022	2021
	£	£
Amounts owed by associates and joint ventures / participating interests	41,588	43,588
Other debtors	1,120	5,940
Prepayments and accrued income	21,071	21,072
Total	63,779	70,600


	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

10.	Creditors within one year

	2022	2021
	£	£
Trade creditors / trade payables	-	2,220
Bank borrowings and overdrafts	10,017	10,091
Amounts owed to related parties	23,400	232,658
Taxation and social security	475	95
Payments received on account	-	300,000
Accrued liabilities and deferred income	16,214	375
Total	50,106	545,439


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. A bounce back loan is denominated in sterling with a nominal interest rate of 2.5%, and the final instalment is due on 22 June 2026. The carrying amount at year end due within one year is £10,017 (2021 - £10,091). The government guarantees 100% of the loan under the Bounce Back Loan Scheme.

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

A bounce back loan is denominated in sterling with a nominal interest rate of 2.5%, and the final instalment is due on 22 June 2026. The carrying amount at year end due within one year is £10,017 (2021 - £10,091).  The government guarantees 100% of the loan under the Bounce Back Loan Scheme.

11.	Creditors after one year

	2022	2021
	£	£
Bank borrowings and overdrafts	27,480	37,409
Total	27,480	37,409


	A bounce back loan is denominated in sterling with a nominal interest rate of 2.5%, and the final instalment is due on 22 June 2026. The carrying amount at year end due after one year is £27,480 (2021 - £37,409). The government guarantees 100% of the loan under the Bounce Back Loan Scheme.