EQUATE LAND BASE C.I.C.

Company limited by guarantee

Company Registration Number:
10722792 (England and Wales)

Unaudited statutory accounts for the year ended 31 May 2023

Period of accounts

Start date: 1 May 2022

End date: 31 May 2023

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Contents of the Financial Statements

for the Period Ended 31 May 2023

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

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Balance sheet

As at 31 May 2023

Notes 13 months to 31 May 2023 2022


£

£
Fixed assets
Tangible assets: 3 0 1,093
Total fixed assets: 0 1,093
Current assets
Stocks: 4 850
Cash at bank and in hand: 150 1,869
Total current assets: 150 2,719
Creditors: amounts falling due within one year: 5 ( 2,070 )
Net current assets (liabilities): 150 649
Total assets less current liabilities: 150 1,742
Total net assets (liabilities): 150 1,742
Members' funds
Profit and loss account: 150 1,742
Total members' funds: 150 1,742

The notes form part of these financial statements

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Balance sheet statements

For the year ending 31 May 2023 the company was entitled to exemption 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 4 February 2024
and signed on behalf of the board by:

Name: R Price-Williams
Status: Director

The notes form part of these financial statements

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Notes to the Financial Statements

for the Period Ended 31 May 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Income is recognised on the date of receipt.

    Other accounting policies

    TaxationThis organisation is a community interest company (CIC).There is no share capital. (This is a company limited by guarantee).Under the company's articles there is an 'asset lock' on the company assets to prevent assets being distributed and it is also required to satisfy a community interest test. Profits and assets are retained within the CIC for community purposes, but they can also be transferred to another similar organisation such as another CIC or a charity, eg if the CIC is dissolved.Although a CIC cannot itself have charitable status we take the view that this company's activitiesare 'mutual' in nature and therefore do not amount to a taxable trade. Accordingly, profit chargeable to corporation tax includes only interest earned and excludes surpluses and losses. The directors do not consider that a trade is carried out.

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Notes to the Financial Statements

for the Period Ended 31 May 2023

  • 2. Employees

    13 months to 31 May 2023 2022
    Average number of employees during the period 3 3

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Notes to the Financial Statements

for the Period Ended 31 May 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 May 2022 1,109 1,109
Additions 1,054 1,054
Disposals ( 2,163 ) ( 2,163 )
Revaluations
Transfers
At 31 May 2023 0 0
Depreciation
At 1 May 2022 16 16
Charge for year
On disposals ( 16 ) ( 16 )
Other adjustments
At 31 May 2023 0 0
Net book value
At 31 May 2023 0 0
At 30 April 2022 1,093 1,093

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Notes to the Financial Statements

for the Period Ended 31 May 2023

4. Stocks

13 months to 31 May 2023 2022
£ £
Stocks 850
Total   850

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Notes to the Financial Statements

for the Period Ended 31 May 2023

5. Creditors: amounts falling due within one year note

  2022
  £
Other creditors 2,070
Total   2,070

COMMUNITY INTEREST ANNUAL REPORT

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Company Number: 10722792 (England and Wales)

Year Ending: 31 May 2023

Company activities and impact

THE COMPANIES ACTIVITIES ARE BASED AROUND EQUINE CARE FOR PEOPLE WITH DISABILITIES. THIS IS PAID FOR BY DIRECT PAYMENTS AND RARELY THE OCCASIONAL PRIVATE PAYMENT. THE COMPANY IS NOT FOR PROFIT. ALL MONEY IS PUT BACK INTO THE BUSINESS FOR THE CARE OF HORSES AND EQUINE RELATED EQUIPMENT.

Consultation with stakeholders

COMPANY DIRECTORS AT 31 MAY 2023 WERE PAULA FOAKES, GERAINT WILLIAMS AND RHOBYN PRICE-WILLIAMS.

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
1 February 2024

And signed on behalf of the board by:
Name: R Price-Williams
Status: Director