Company Registration No. 05410446 (England and Wales)
Equity for Growth (Securities) Limited
Unaudited accounts
for the year ended 31 December 2016
Equity for Growth (Securities) Limited
Unaudited accounts
Contents
Equity for Growth (Securities) Limited
Company Information
for the year ended 31 December 2016
Directors
Timothy Edward Baldwin
William Jerry Wood
Company Number
05410446 (England and Wales)
Registered Office
International House
24 Holborn Viaduct
London
EC1A 2BN
England
Equity for Growth (Securities) Limited
Statement of financial position
as at
31 December 2016
Cash at bank and in hand
4,400
53,646
Creditors: amounts falling due within one year
(76,630)
(108,505)
Net current liabilities
(54,180)
(54,859)
Net liabilities
(52,975)
(54,859)
Called up share capital
4,777
4,777
Share premium
1,810,185
1,810,185
Profit and loss account
(1,867,937)
(1,869,821)
Shareholders' funds
(52,975)
(54,859)
For the year ending 31 December 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 26 April 2017.
Timothy Edward Baldwin
Director
Company Registration No. 05410446
Equity for Growth (Securities) Limited
Notes to the Accounts
for the year ended 31 December 2016
Equity for Growth (Securities) Limited is a private company, limited by shares, registered in England and Wales, registration number 05410446. The registered office and principal place of business is International House, 24 Holborn Viaduct, London, EC1A 2BN, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 December 2016 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 January 2016.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
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Tangible fixed assets
Fixtures & fittings
Cost or valuation
At cost
At 31 December 2016
1,808
At 31 December 2016
1,205
Equity for Growth (Securities) Limited
Notes to the Accounts
for the year ended 31 December 2016
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Creditors: amounts falling due within one year
2016
2015
Trade creditors
54,818
47,385
Other taxes and social security costs
393
-
Other creditors
17,619
57,609
Loans from directors
9,800
-
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Transactions with related parties
Mr T E Baldwin Director & Shareholder
The amount of £24,800 (2015:£15,000) was due to Mr T E Baldwin at the balance sheet date in respect of unpaid invoices for services and loans made to the company. There is no fixed date for payment/repayment and no interest is being accrued.
Ms K Pietka Shareholder
During the year Ms K Pietka charged £2,625 (2015:Nil) in relation to consultancy services supplied to the company. The amount of £1,942 (2015:£Nil) was due to Ms K Pietka at the balance sheet date in respect of a loan made to the company. There is no fixed date for payment/repayment and no interest is being accrued.
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Average number of employees
During the year the average number of employees was 0 (2015: 0).