Equantra Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 06274742 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2016

for

Equantra Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

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

4

560,386

2,887,532

Investments

5

100

102

560,486

2,887,634

CURRENT ASSETS

Debtors

6

159,113

248,544

Cash at bank and in hand

1,181,468

209,993

1,340,581

458,537

CREDITORS

Amounts falling due within one year

7

186,451

384,281

NET CURRENT ASSETS

1,154,130

74,256

TOTAL ASSETS LESS CURRENT LIABILITIES

1,714,616

2,961,890

CREDITORS

Amounts falling due after more than one year

8

-

(1,507,685

)

PROVISIONS FOR LIABILITIES

(29,052

)

(3,923

)

NET ASSETS

1,685,564

1,450,282

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Revaluation reserve

9

-

561,197

Retained earnings

1,684,564

888,085

SHAREHOLDERS' FUNDS

1,685,564

1,450,282

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 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 1 September 2017 and were signed by:

F Ghiaci - Director

1.	STATUTORY INFORMATION

Equantra Limited 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting

Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of

Ireland', not to disclose related party transactions with wholly owned subsidiaries within the

group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Turnover is recognised when the amount can be measured reliably and when it is probable

that future economic benefits will flow to the entity.

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.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income

Statement, except to the extent that it relates to items recognised in other comprehensive

income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that

have been enacted or substantively enacted by the balance sheet date.

Deferred tax

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

reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in

periods different from those in which they are recognised in financial statements. Deferred

tax is measured using tax rates and laws that have been enacted or substantively enacted

by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it

is probable that they will be recovered against the reversal of deferred tax liabilities or other

future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over

the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2016

2,251,538

731,182

2,982,720

Additions

26,040

476,073

502,113

Disposals

(2,277,578

)

(406,678

)

(2,684,256

)

At 31 December 2016

-

800,577

800,577

DEPRECIATION

At 1 January 2016

-

95,188

95,188

Charge for year

-

145,003

145,003

At 31 December 2016

-

240,191

240,191

NET BOOK VALUE

At 31 December 2016

-

560,386

560,386

At 31 December 2015

2,251,538

635,994

2,887,532

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2016

102

Disposals

(2

)

At 31 December 2016

100

NET BOOK VALUE

At 31 December 2016

100

At 31 December 2015

102

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Amounts owed by group undertakings

100,000

156,865

Other debtors

59,113

91,679

159,113

248,544

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Bank loans and overdrafts

-

57,217

Trade creditors

13,386

43,076

Taxation and social security

140,354

76,582

Other creditors

32,711

207,406

186,451

384,281

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.16

31.12.15

£

£

Bank loans

-

1,307,082

Other creditors

-

200,603

-

1,507,685

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Other loans

-

200,603

Repayable by instalments

Bank loans > 5 years

-

1,028,226

9.

RESERVES

Revaluation

reserve

£

At 1 January 2016

561,197

Freehold property revaluation

(561,197

)

At 31 December 2016

-

10.	RELATED PARTY DISCLOSURES