Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31Equestrianismtrue12023-01-01false1trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 08791446 2023-01-01 2023-12-31 08791446 2022-01-01 2022-12-31 08791446 2023-12-31 08791446 2022-12-31 08791446 c:Director1 2023-01-01 2023-12-31 08791446 d:CurrentFinancialInstruments 2023-12-31 08791446 d:CurrentFinancialInstruments 2022-12-31 08791446 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 08791446 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 08791446 d:ShareCapital 2023-12-31 08791446 d:ShareCapital 2022-12-31 08791446 d:RetainedEarningsAccumulatedLosses 2023-12-31 08791446 d:RetainedEarningsAccumulatedLosses 2022-12-31 08791446 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-12-31 08791446 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-12-31 08791446 c:FRS102 2023-01-01 2023-12-31 08791446 c:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 08791446 c:FullAccounts 2023-01-01 2023-12-31 08791446 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 08791446 2 2023-01-01 2023-12-31 08791446 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 08791446










EQUS INDIA LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
EQUS INDIA LTD
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OFEQUS INDIA LTD
FOR THE YEAR ENDED 31 DECEMBER 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Equs India Ltd for the year ended 31 December 2023 which comprise the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given to us.
 

This report is made solely to the director of Equs India Ltd in accordance with the terms of our agreement. Our work has been undertaken solely to prepare for your approval the financial statements of Equs India Ltd and state those matters that we have agreed to state to her in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Equs India Ltd and its  director for our work or for this report.
 
 
It is your duty to ensure that Equs India Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the Company's assets, liabilities, financial position and loss. You consider that Equs India Ltd is exempt from the statutory audit requirement for the year.
 
 
We have not been instructed to carry out an audit or review of the financial statements of Equs India Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.







Shipleys Tax Planning

15 October 2024
Page 1

 
EQUS INDIA LTD
REGISTERED NUMBER: 08791446

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
881
881

Cash at bank and in hand
 5 
2
18,046

  
883
18,927

Creditors: amounts falling due within one year
 6 
(1,905,912)
(1,921,232)

Net current liabilities
  
 
 
(1,905,029)
 
 
(1,902,305)

Total assets less current liabilities
  
(1,905,029)
(1,902,305)

  

Net liabilities
  
(1,905,029)
(1,902,305)


Capital and reserves
  

Called up share capital 
  
500
500

Profit and loss account
  
(1,905,529)
(1,902,805)

  
(1,905,029)
(1,902,305)


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 15 October 2024.




Polly Byrne
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
EQUS INDIA LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Equs India Ltd is a company domiciled in England & Wales, registration number 08791446. The registered office is Berribridge House, Thorveton, Exeter, Devon, DX5 4JR.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 3

 
EQUS INDIA LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.7

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.


3.


Employees




The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


4.


Debtors

2023
2022
£
£


Other debtors
881
881
Page 4

 
EQUS INDIA LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.Debtors (continued)


881
881



5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
2
18,046

2
18,046



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
200
200

Other creditors
1,904,752
1,918,872

Accruals and deferred income
960
2,160

1,905,912
1,921,232



7.


Financial instruments

2023
2022
£
£

Financial assets


Financial assets measured at fair value through profit or loss
2
18,046




Financial assets measured at fair value through profit or loss comprise of cash at bank and in hand.


8.


Related party transactions

During the year the company repaid the director £14,120. At the balance sheet date other creditors iincluded £1,904,752 (2022: £1,918,872) as amounts owed to the director.


9.


Controlling party

The company is controlled by Lina Virwani.


Page 5