EQUIGROUP LIMITED

EQUIGROUP LIMITED

EQUIGROUP LIMITED - Company Information

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EQUIGROUP LIMITED

Company Registration Number:
03871547 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2019

Period of accounts

Start date: 01 July 2018

End date: 31 December 2019

EQUIGROUP LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2019

Balance sheet
Notes

EQUIGROUP LIMITED

Balance sheet

As at 31 December 2019


Notes
18 months to 31 December 2019
2018


£
£
Fixed assets
Tangible assets: 3 0 2,845
Investments: 4 2,181 6,745
Total fixed assets: 2,181 9,590
Current assets
Stocks: 10,593 0
Debtors: 5 732,994 757,378
Cash at bank and in hand: 720,814 425,946
Investments:   0 11,183
Total current assets: 1,464,401 1,194,507
Creditors: amounts falling due within one year:   (668,487) (515,013)
Net current assets (liabilities): 795,914 679,494
Total assets less current liabilities: 798,095 689,084
Provision for liabilities: (54,701) (79,826)
Total net assets (liabilities): 743,394 609,258
Capital and reserves
Called up share capital: 10 10
Profit and loss account: 743,384 609,248
Shareholders funds: 743,394 609,258

The notes form part of these financial statements

EQUIGROUP LIMITED

Balance sheet statements

For the year ending 31 December 2019 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

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 & loss account.

This report was approved by the board of directors on 10 March 2020
and signed on behalf of the board by:

Name: Declam McGlone
Status: Director

The notes form part of these financial statements

EQUIGROUP LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2019

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

EQUIGROUP LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2019

2. Employees

18 months to 31 December 2019 2018
Average number of employees during the period 0 4

EQUIGROUP LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2019

3. Tangible Assets

Total
Cost £
At 01 July 2018 9,079
Disposals (9,079)
At 31 December 2019 0
Depreciation
At 01 July 2018 6,234
Charge for year 2,845
On disposals (9,079)
At 31 December 2019 0
Net book value
At 31 December 2019 0
At 30 June 2018 2,845

EQUIGROUP LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2019

4. Fixed investments

Deferred Tax Asset 2,181

EQUIGROUP LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2019

5. Debtors

18 months to 31 December 2019 2018
££
Debtors due after more than one year: 0 0

EQUIGROUP LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2019

6. Financial commitments

At 31 December 2019, the Company had not contracted for any capital expenditure (2018: Nil).

EQUIGROUP LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2019

7. Loans to directors

There were no director emoluments paid by the Company in respect of qualifying services for the year ended 31 December 2019 (2018: Nil).

EQUIGROUP LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2019

8. Related party transactions

The Company has taken advantage of the exemption under paragraph 8(j) of FRS 101 not to disclose transactions with other group companies.On the 1 September 2018, CHG-Meridian AG, a non-captive specialist in technology management and financing headquartered in southern Germany, acquired 100% of the shares in equigroup Holdings Pty and its subsidiaries. As a result of this change in ownership the Commonwealth Bank of Australia ceased to be a related party from this date.

EQUIGROUP LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2019

9. Post balance sheet events

There are no other significant known matters or circumstances that have arisen between 31 December 2019 and the date of approval of these financial statements which would require a change to or additional disclosure in the financial statements, or, which may affect the operations of the Company or the state of affairs of the Company in future financial years.A dividend in respect of the year ended 31 December 2019 of £70,000 per share, amounting to a total dividend of £700,000 was declared and paid on 10 March 2019. These financial statements do not reflect this dividend payable.