Equityshare Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04763251 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2018

FOR

EQUITYSHARE LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

P Duckworth

SECRETARY:

J K Tellick

REGISTERED OFFICE:

29 Bedford Row

London

WC1R 4HE

REGISTERED NUMBER:

04763251 (England and Wales)

ACCOUNTANTS:

Collards

Chartered Accountants

5-9 Eden Street

Kingston-upon-Thames

Surrey

KT1 1BQ

CURRENT ASSETS

Stocks

536,449

687,852

Debtors

4

1,225,874

1,661,292

Investments

5

-

1,030

Cash at bank

39,503

38,048

1,801,826

2,388,222

CREDITORS

Amounts falling due within one year

6

877,031

1,489,820

NET CURRENT ASSETS

924,795

898,402

TOTAL ASSETS LESS CURRENT LIABILITIES

924,795

898,402

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Retained earnings

7

914,795

888,402

SHAREHOLDERS' FUNDS

924,795

898,402

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 23 July 2019 and were signed by:

P Duckworth - Director

1.	STATUTORY INFORMATION

Equityshare Ltd 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 represents income from property transactions and related income and is accounted for on the basis of

the right to receive rent, commissions and proceeds from properties redeemed as at the year end.

Stocks

Stock represents equity purchased in residential properties and is shown at the lower of cost or net realisable

value.

3.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 November 2017

and 31 October 2018

1,559

DEPRECIATION

At 1 November 2017

and 31 October 2018

1,559

NET BOOK VALUE

At 31 October 2018

-

At 31 October 2017

-

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

83,274

38,292

Amounts owed by group undertakings

1,142,600

1,623,000

1,225,874

1,661,292

5.	CURRENT ASSET INVESTMENTS

2018

2017

£

£

Unlisted investments

-

1,030

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Corporation tax payable

6,215

2,004

Social security and other taxes

541

541

Director's loan account

864,875

1,481,875

Accrued expenses

5,400

5,400

877,031

1,489,820

The director's loan shown above is interest free and repayable on demand.

7.

RESERVES

Retained

earnings

£

At 1 November 2017

888,402

Profit for the year

26,393

At 31 October 2018

914,795

8.	ULTIMATE CONTROLLING PARTY

The company is controlled by Peter Duckworth by virtue of his 100% holding of the issued share capital of the

company.