Equity Real Estate Developments Ltd - Period Ending 2017-07-31
Equity Real Estate Developments Ltd - Period Ending 2017-07-31
Registration number:
Equity Real Estate Developments Ltd
for the Year Ended 31 July 2017
Accountants
The Station House
15 Station Road
St Ives
Cambridgeshire
PE27 5BH
Equity Real Estate Developments Ltd
Contents
Company Information |
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Accountants' Report |
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Balance Sheet |
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Notes to the Financial Statements |
Equity Real Estate Developments Ltd
Company Information
Directors |
Mr Ashank A Patel Mr Mohammad Iqbal Mr Ikramul U Haq |
Registered office |
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Accountants |
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Page 1 |
Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Equity Real Estate Developments Ltd
for the Year Ended 31 July 2017
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Equity Real Estate Developments Ltd for the year ended 31 July 2017 as set out on pages 3 to 5 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/en/members/regulations-standards-and-guidance/.
This report is made solely to the Board of Directors of Equity Real Estate Developments Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Equity Real Estate Developments Ltd and state those matters that we have agreed to state to the Board of Directors of Equity Real Estate Developments Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Equity Real Estate Developments Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Equity Real Estate Developments Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Equity Real Estate Developments Ltd. You consider that Equity Real Estate Developments Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Equity Real Estate Developments Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Accountants
15 Station Road
St Ives
Cambridgeshire
PE27 5BH
Page 2 |
Equity Real Estate Developments Ltd
(Registration number: 09117984)
Balance Sheet as at 31 July 2017
Note |
2017 |
2016 |
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Current assets |
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Debtors |
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- |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Total equity |
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For the financial year ending 31 July 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
Mr Ashank A Patel
Director
Page 3 |
Equity Real Estate Developments Ltd
Notes to the Financial Statements for the Year Ended 31 July 2017
General information |
The company is a private company limited by share capital incorporated in UK.
The address of its registered office is:
United Kingdom
The principal place of business is:
Suite 33 Airport House
Purley Way
Croydon
Surrey
CR0 0XZ
The accounts were authorised for issue on the date shown on the Director's report.
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Page 4 |
Equity Real Estate Developments Ltd
Notes to the Financial Statements for the Year Ended 31 July 2017
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Debtors |
2017 |
2016 |
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Other debtors |
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- |
Total current trade and other debtors |
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- |
Creditors |
Note |
2017 |
2016 |
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Due within one year |
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Taxation and social security |
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Other creditors |
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Parent and ultimate parent undertaking |
The ultimate controlling party is
Page 5 |