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

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

EQUITYSHARE LTD - Company Information

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REGISTERED NUMBER: 04763251 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2019

FOR

EQUITYSHARE LTD
EQUITYSHARE LTD (REGISTERED NUMBER: 04763251)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


EQUITYSHARE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2019







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
Page 1
EQUITYSHARE LTD (REGISTERED NUMBER: 04763251)

BALANCE SHEET
31 OCTOBER 2019

2019 2018
Notes £    £   
CURRENT ASSETS
Stocks 248,487 536,449
Debtors 5 1,708,700 1,225,874
Cash at bank 20,717 39,503
1,977,904 1,801,826
CREDITORS
Amounts falling due within one year 6 1,001,438 877,031
NET CURRENT ASSETS 976,466 924,795
TOTAL ASSETS LESS CURRENT LIABILITIES 976,466 924,795

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 7 966,466 914,795
SHAREHOLDERS' FUNDS 976,466 924,795

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2019 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 October 2020 and were signed by:





P Duckworth - Director


The notes form part of these financial statements

Page 2
EQUITYSHARE LTD (REGISTERED NUMBER: 04763251)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2019

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. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - 1 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 November 2018
and 31 October 2019 1,559
DEPRECIATION
At 1 November 2018
and 31 October 2019 1,559
NET BOOK VALUE
At 31 October 2019 -
At 31 October 2018 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade debtors 39,100 83,274
Amounts owed by group undertakings 1,669,600 1,142,600
1,708,700 1,225,874

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade creditors 26,994 -
Corporation tax payable 12,120 6,215
Social security and other taxes 541 541
Other creditors 91,508 -
Director's loan account 864,875 864,875
Accrued expenses 5,400 5,400
1,001,438 877,031

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

Page 3 continued...
EQUITYSHARE LTD (REGISTERED NUMBER: 04763251)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2019

7. RESERVES
Retained
earnings
£   

At 1 November 2018 914,795
Profit for the year 51,671
At 31 October 2019 966,466

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.

Page 4