Equator Gold Limited 07612443 false 2023-05-01 2024-04-30 2024-04-30 The principal activity of the company is consultancy re exploration for gold diposits (and other precious metals). Digita Accounts Production Advanced 6.30.9574.0 true true 07612443 2023-05-01 2024-04-30 07612443 2024-04-30 07612443 bus:Director1 1 2024-04-30 07612443 core:RetainedEarningsAccumulatedLosses 2024-04-30 07612443 core:ShareCapital 2024-04-30 07612443 core:SharePremium 2024-04-30 07612443 core:CurrentFinancialInstruments 2024-04-30 07612443 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 07612443 core:OfficeEquipment 2024-04-30 07612443 bus:SmallEntities 2023-05-01 2024-04-30 07612443 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 07612443 bus:FilletedAccounts 2023-05-01 2024-04-30 07612443 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 07612443 bus:RegisteredOffice 2023-05-01 2024-04-30 07612443 bus:Director1 2023-05-01 2024-04-30 07612443 bus:Director1 1 2023-05-01 2024-04-30 07612443 bus:Director2 2023-05-01 2024-04-30 07612443 bus:Director3 2023-05-01 2024-04-30 07612443 bus:Director4 2023-05-01 2024-04-30 07612443 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 07612443 core:OfficeEquipment 2023-05-01 2024-04-30 07612443 countries:AllCountries 2023-05-01 2024-04-30 07612443 bus:Director1 1 2023-04-30 07612443 2022-05-01 2023-04-30 07612443 2023-04-30 07612443 core:RetainedEarningsAccumulatedLosses 2023-04-30 07612443 core:ShareCapital 2023-04-30 07612443 core:SharePremium 2023-04-30 07612443 core:CurrentFinancialInstruments 2023-04-30 07612443 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 iso4217:GBP xbrli:pure

Registration number: 07612443

Equator Gold Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2024

 

Equator Gold Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Equator Gold Limited

Company Information

Directors

Mr M E Parker

Robert Foster

Jeffrey Malaihollo

Emma Parker

Registered office

Suite 1 The Portway Centre
Old Sarum Park
Old Sarum
Salisbury
Wiltshire
SP4 6EB

Accountants

Numeric Accounting
Chartered Certified Accountants
Suite 1 The Portway Centre
Old Sarum Park
Old Sarum
Salisbury
Wiltshire
SP4 6EB

 

Equator Gold Limited

(Registration number: 07612443)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

919

-

Current assets

 

Debtors

5

282

7,620

Cash at bank and in hand

 

2,617

5,918

 

2,899

13,538

Creditors: Amounts falling due within one year

6

(67,331)

(71,352)

Net current liabilities

 

(64,432)

(57,814)

Net liabilities

 

(63,513)

(57,814)

Capital and reserves

 

Called up share capital

7

2

2

Share premium reserve

1,128,171

1,128,171

Retained earnings

(1,191,686)

(1,185,987)

Shareholders' deficit

 

(63,513)

(57,814)

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

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. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 13 September 2024 and signed on its behalf by:
 

 

Equator Gold Limited

(Registration number: 07612443)
Balance Sheet as at 30 April 2024 (continued)

.........................................
Mr M E Parker
Director

 

Equator Gold Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in The United Kingdom.

The address of its registered office is:
Suite 1 The Portway Centre
Old Sarum Park
Old Sarum
Salisbury
Wiltshire
SP4 6EB

2

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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

Going concern

The financial statements have been prepared on a going concern basis. The company meets its day to day working capital requirements through the continued support of the director and shareholder Mr M E Parker. Mr Parker has pledged his continued financial support to cover liabilities of the company as they fall due, and to ensure the company continues as a going concern.


The directors have prepared cash flow and income projections for a period of not less than twelve months from today and on the basis of this information consider that it is appropriate to prepare the financial statements on a going concern basis. Therefore the financial statements do not include any adjustments that would result from a withdrawal of the above support.

 

Equator Gold Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024 (continued)

2

Accounting policies (continued)

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office Equipment

20% Straight Line

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.

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.

 

Equator Gold Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024 (continued)

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2023 - 1).

 

Equator Gold Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024 (continued)

4

Tangible assets

Office equipment
£

Total
£

Cost or valuation

Additions

1,040

1,040

At 30 April 2024

1,040

1,040

Depreciation

Charge for the year

121

121

At 30 April 2024

121

121

Carrying amount

At 30 April 2024

919

919

5

Debtors

Current

2024
£

2023
£

Prepayments

276

7,620

Other debtors

6

-

 

282

7,620

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

-

189

Accruals and deferred income

1,875

1,785

Other creditors

65,456

69,378

67,331

71,352

 

Equator Gold Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024 (continued)

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary Shares of 0.01 pence each

200,001

2.00

200,001

2.00

       

8

Related party transactions

Transactions with directors

2024

At 1 May 2023
£

Advances to director
£

Repayments by director
£

At 30 April 2024
£

Mr M E Parker

Loan from Director is interest free and repayable on demand

(52,713)

500

(578)

(52,791)