EUROPEAN_EQUESTRIAN_LIMIT - Accounts

EUROPEAN EQUESTRIAN LIMITED - Company Information

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Company Registration No. 09206855 (England and Wales)

EUROPEAN EQUESTRIAN LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED

30 APRIL 2016

3 Acorn Business Centre

Northarbour Road

Cosham

Portsmouth

United Kingdom

PO6 3TH

EUROPEAN EQUESTRIAN LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

EUROPEAN EQUESTRIAN LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 APRIL 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

27,205

30,800

Current assets

Stocks

36,534

Debtors

5,650

2,000

Cash at bank and in hand

485

42,669

38,535

Creditors: amounts falling due within one year

(114,581)

(74,279)

Net current liabilities

(71,912)

(35,744)

Total assets less current liabilities

(44,707)

(4,944)

Creditors: amounts falling due after more than one year

(25,000)

Provisions for liabilities

(5,441)

(6,160)

(50,148)

(36,104)

Capital and reserves

Called up share capital

Profit and loss account

(50,149)

(36,105)

Shareholders' funds

(50,148)

(36,104)

EUROPEAN EQUESTRIAN LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

30 APRIL 2016

- 2 -

For the financial period ended 30 April 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 31 January 2017

Ms. B Farrow

Director

Company Registration No. 09206855

EUROPEAN EQUESTRIAN LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 30 APRIL 2016

- 3 -

Accounting policies

1.1

Basis of accounting

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Equestrian equipment

20% reducing balance

1.4

Stock

Stock is valued at the lower of cost and net realisable value.

1.5

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

Fixed assets

Tangible assets

Cost

At 1 October 2015 & at 30 April 2016

38,500

Depreciation

At 1 October 2015

7,700

Charge for the period

3,595

At 30 April 2016

11,295

Net book value

At 30 April 2016

27,205

At 30 September 2015

30,800

EUROPEAN EQUESTRIAN LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE PERIOD ENDED 30 APRIL 2016

- 4 -

Share capital

2016

2015

Allotted, called up and fully paid

1 Ordinary of £1 each

Going concern

At the balance sheet date the company's liabilities exceeded its assets. The company is dependent on the support of its parent company, which has confirmed it will continue to provide such support. Therefore the director feels it appropriate to prepare the financial statements on the going concern basis.

Ultimate parent company

During the period the company was under the control of its parent company Low Carbon Construction Management Limited, a company registered in England and Wales.