Euro Equestrian Trade Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 06415091 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 November 2017

for

Euro Equestrian Trade Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs M A Seville

SECRETARY:

Regent Corporate Secretaries Ltd

REGISTERED OFFICE:

1st Floor, Victory House

99-101 Regent Street

London

W1B 4EZ

REGISTERED NUMBER:

06415091 (England and Wales)

ACCOUNTANTS:

European Fiduciary Services Limited

Suite 66

10 Barely Mow Passage

Chiswick

London

W4 4PH

FIXED ASSETS

Investments

3

1,171,900

1,171,900

CURRENT ASSETS

Stocks

4

515,030

431,500

Debtors

5

(128,571

)

(33,911

)

Cash at bank

3,684

38,680

390,143

436,269

CREDITORS

Amounts falling due within one year

6

75,685

80,502

NET CURRENT ASSETS

314,458

355,767

TOTAL ASSETS LESS CURRENT LIABILITIES

1,486,358

1,527,667

CREDITORS

Amounts falling due after more than one year

7

1,125,584

1,240,584

NET ASSETS

360,774

287,083

CAPITAL AND RESERVES

Called up share capital

8

340,118

340,118

Retained earnings

9

20,656

(53,035

)

SHAREHOLDERS' FUNDS

360,774

287,083

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 22 May 2018 and were signed by:

Mrs M A Seville - Director

1.	STATUTORY INFORMATION

Euro Equestrian Trade 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.

Turnover

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

value added tax and other sales taxes.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

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

moving items.

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.

3.	FIXED ASSET INVESTMENTS

30.11.17

30.11.16

€

€

Shares in group undertakings

100,000

100,000

Loans to group undertakings

1,071,900

1,071,900

1,171,900

1,171,900

Additional information is as follows:

Shares in

group

undertakings

€

COST

At 1 December 2016

and 30 November 2017

100,000

NET BOOK VALUE

At 30 November 2017

100,000

At 30 November 2016

100,000

Loans to

group

undertakings

€

At 1 December 2016

and 30 November 2017

1,071,900

4.

STOCKS

30.11.17

30.11.16

€

€

Livestock

515,030

431,500

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.17

30.11.16

€

€

VAT

-

9

Accruals

(128,571

)

(33,920

)

(128,571

)

(33,911

)

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.17

30.11.16

€

€

Trade creditors

73,128

80,502

Tax

2,557

-

75,685

80,502

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.17

30.11.16

€

€

Other loans - 2-5 years

910,000

1,000,000

Shareholder's loan

215,584

240,584

1,125,584

1,240,584

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.17

30.11.16

value:

€

€

281,254

Ordinary

£ 1

340,118

340,118

9.

RESERVES

Retained

earnings

€

At 1 December 2016

(53,035

)

Profit for the year

73,691

At 30 November 2017

20,656

10.	FIRST TIME ADOPTION OF FRS 102 SECTION 1A

This is the first year in which the company has presented its results under FRS 102 section 1A. The last financial

statements prepared under UK GAAP were for the year ended 30th November 2016. The date of transition to

FRS 102 section 1A was 01st December 2015. There were no adjustments arising from the first time adoption of

FRS 102 section 1A.