Company Registration No. SC300567 (Scotland)
Earthrapid Limited
Unaudited financial statements
for the year ended 31 March 2022
Pages for filing with the Registrar
Earthrapid Limited
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 3
Earthrapid Limited
Statement of financial position
As at 31 March 2022
31 March 2022
Page 1
2022
2021
Notes
£
£
£
£
Capital and reserves
Called up share capital
4
4
Profit and loss reserves
(4)
(4)
Total equity
The director of the company has elected not to include a copy of the income statement within the financial statements.
true
For the financial year ended 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
T
he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 30 November 2022
Robert Adair
Director
Company Registration No. SC300567
Earthrapid Limited
Notes to the financial statements
For the year ended 31 March 2022
Page 2
1
Accounting policies
Company information
Earthrapid Limited is a
private
company
limited by shares
incorporated in
Scotland
.
The registered office is
Edinburgh Quay, 133 Fountainbridge, Edinburgh, EH3 9BA.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Fixed asset investments
All investments
are initially measured at cost and subsequently measured at cost less any accumulated impairment losses.
The investments are assessed for impairment at each reporting date
and
any
impairment
losses or reversals of impairment losses are recognised immediately in
profit
or
loss
.
An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.
1.3
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2022
2021
Number
Number
Total
1
1
Earthrapid Limited
Notes to the financial statements (continued)
For the year ended 31 March 2022
Page 3
3
Associates
Details of the company's associates at 31 March 2022 are as follows:
Name of undertaking
Registered
Nature of business
Class of
% Held
office
shares held
Direct
Indirect
Terrace Hill Residential Plc
First Floor, Quay 2, 139 Fountainbridge, Edinburgh, EH39QG
Property investment company
Ordinary A shares
49
0
4
Parent company
The parent company of Earthrapid Limited is Skye Investments Limited and its registered office is Saffery Champness LLP, Westpoint, Peterborough Business Park, Lynch Wood, Peterborough, PE2 6FZ.