Equantra Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 06274742 (England and Wales)

Abbreviated Unaudited Accounts

for the Period 1 September 2014 to 31 December 2015

for

Equantra Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

F Ghiaci

SECRETARY:

Mrs R Cameron

REGISTERED OFFICE:

55 North Street

PORTSLADE

East Sussex

BN41 1DH

REGISTERED NUMBER:

06274742 (England and Wales)

ACCOUNTANTS:

Still Accounting Limited

Chartered Certified Accountants

2 Sark Gardens

Ferring

WORTHING

West Sussex

BN12 5QB

FIXED ASSETS

Tangible assets

2

2,887,532

2,637,977

Investments

3

102

-

2,887,634

2,637,977

CURRENT ASSETS

Stocks

-

1,067,965

Debtors

248,544

531,885

Cash at bank and in hand

209,993

4,936

458,537

1,604,786

CREDITORS

Amounts falling due within one year

4

384,281

500,842

NET CURRENT ASSETS

74,256

1,103,944

TOTAL ASSETS LESS CURRENT LIABILITIES

2,961,890

3,741,921

CREDITORS

Amounts falling due after more than one year

4

(1,507,685

)

(2,516,327

)

PROVISIONS FOR LIABILITIES

(3,923

)

(5,217

)

NET ASSETS

1,450,282

1,220,377

CAPITAL AND RESERVES

Called up share capital

5

1,000

1,000

Revaluation reserve

561,197

561,197

Profit and loss account

888,085

658,180

SHAREHOLDERS' FUNDS

1,450,282

1,220,377

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2015 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 22 August 2016 and were signed by:

F Ghiaci - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as

modified by the revaluation of certain assets and in accordance with the Financial Reporting

Standard for Smaller Entities (effective April 2008).

Preparation of consolidated financial statements

The financial statements contain information about Equantra Limited as an individual

company and do not contain consolidated financial information as the parent of a group. The

company has taken the option under Section 398 of the Companies Act 2006 not to prepare

consolidated financial statements.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax. Turnover is

recognised when the right to receive consideration becomes unconditional.

Tangible fixed assets

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

Land and buildings

-

not provided

Plant and machinery etc

-

25% on reducing balance, 10% on reducing balance, not provided and Over the term of the lease

The policy of not providing depreciation on the freehold property is in accordance with the

procedure laid down in "SSAP 19 Investment Properties". The policy is a departure from the

specific requirement of the Companies Act 2006 to provide depreciation on any fixed asset

which has a limited useful economic life. The departure from the Companies Act 2006

requirements is for for the overriding purpose of giving a true and fair view in accordance

with the SSAP.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST OR VALUATION

At 1 September 2014

2,688,257

Additions

294,463

At 31 December 2015

2,982,720

DEPRECIATION

At 1 September 2014

50,280

Charge for period

44,908

At 31 December 2015

95,188

NET BOOK VALUE

At 31 December 2015

2,887,532

At 31 August 2014

2,637,977

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

Additions

102

At 31 December 2015

102

NET BOOK VALUE

At 31 December 2015

102

The company's investments at the Balance Sheet date in the share capital of companies

include the following:

Equantra Properties Limited

Nature of business: Dormant company

%

Class of shares:

holding

Ordinary

100.00

Equantra Properties Limited was incorporated on 25 August 2015. The first accounting

period will end on 31 August 2016 so no financial statements have been prepared yet.

Equantra Enterprises Limited

Nature of business: Dormant company

%

Class of shares:

holding

Ordinary

2.00

Equantra Enterprises Limited was incorporated on 22 December 2015. The first accounting

period will end on 31 December 2016 so no financial statements have been prepared yet.

4.

CREDITORS

Creditors include an amount of £ 1,364,299 (31.8.14 - £ 2,073,054 ) for which security has

been given.

They also include the following debts falling due in more than five years:

31.12.15

31.8.14

£

£

Repayable otherwise than by instalments

200,603

1,631,591

Repayable by instalments

1,028,226

884,736

1,228,829

2,516,327

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.15

31.8.14

value:

£

£

1,000

Ordinary

£1

1,000

1,000