Caseware UK (AP4) 2024.0.164 2024.0.164 2024-06-302024-06-30true2023-07-01falseThe principal activities of the company were that of running a livery stables and trading in competitionhorses.68trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09118399 2023-07-01 2024-06-30 09118399 2022-07-01 2023-06-30 09118399 2024-06-30 09118399 2023-06-30 09118399 c:Director1 2023-07-01 2024-06-30 09118399 d:MotorVehicles 2023-07-01 2024-06-30 09118399 d:MotorVehicles 2024-06-30 09118399 d:MotorVehicles 2023-06-30 09118399 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 09118399 d:FurnitureFittings 2023-07-01 2024-06-30 09118399 d:FurnitureFittings 2024-06-30 09118399 d:FurnitureFittings 2023-06-30 09118399 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 09118399 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 09118399 d:CurrentFinancialInstruments 2024-06-30 09118399 d:CurrentFinancialInstruments 2023-06-30 09118399 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 09118399 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 09118399 d:ShareCapital 2024-06-30 09118399 d:ShareCapital 2023-06-30 09118399 d:RetainedEarningsAccumulatedLosses 2024-06-30 09118399 d:RetainedEarningsAccumulatedLosses 2023-06-30 09118399 c:OrdinaryShareClass1 2023-07-01 2024-06-30 09118399 c:OrdinaryShareClass1 2024-06-30 09118399 c:FRS102 2023-07-01 2024-06-30 09118399 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 09118399 c:FullAccounts 2023-07-01 2024-06-30 09118399 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 09118399 2 2023-07-01 2024-06-30 09118399 e:PoundSterling 2023-07-01 2024-06-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number:09118399














EQUITOPIA LTD
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED  30 JUNE 2024

 
EQUITOPIA LTD
 

CONTENTS



Page
Statement of Financial Position
 
1 - 2
Notes to the Financial Statements
 
3 - 6


 
EQUITOPIA LTD
REGISTERED NUMBER:09118399

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
28,307
28,847

Current assets
  

Stocks
  
750
750

Debtors: amounts falling due within one year
 5 
13,538
11,486

Cash at bank and in hand
  
9,132
454

  
23,420
12,690

Creditors: amounts falling due within one year
 6 
(743,576)
(729,023)

Net current liabilities
  
 
 
(720,156)
 
 
(716,333)

  

Net liabilities
  
(691,849)
(687,486)


Capital and reserves
  

Called up share capital 
 7 
1
1

Profit and loss account
  
(691,850)
(687,487)

  
(691,849)
(687,486)


Page 1

 
EQUITOPIA LTD
REGISTERED NUMBER:09118399
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2024

The directors consider 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 directors acknowledge their 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 6 February 2025.




A Ershova
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
EQUITOPIA LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Equitopia Ltd is a limited liability company incorporated in England and Wales with its registered office at 6 Lowswood Close, Northwood, Middlesex, HA6 2XE.
The principal activities of the company were that of running a livery stables and trading in competition horses.

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 following principal accounting policies have been applied:

 
2.2

Going concern

The directors consider that the company is a going concern as they will continue to support it by way of loans, as necessary, to enable it to continue trading for a period of at least one year from the date of signing of these financial statements.

 
2.3

Turnover

Turnover comprises revenue recognised by the company in respect of goods and services supplied during the period, exclusive of Value Added Tax and trade discounts.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is provided on the following basis:

Motor vehicles
-
25% reducing balance
Fixtures and fittings
-
25% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Comprehensive Income.

 
2.5

Stocks

Stocks are valued at the lower of costs and net realisable value after making due allowance for obsolete and slow-moving stocks. Costs includes all direct costs and an appropriate proportion of fixed and variable overheads.

Page 3

 
EQUITOPIA LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.6

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty.

 
2.8

Creditors

Short term creditors are measured at the transaction price.

 
2.9

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Comprehensive Income in the same period as the related expenditure.

 
2.10

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.11

Interest income

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


3.


Employees

The average monthly number of employees, including directors, during the year was 6 (2023 - 8).

Page 4

 
EQUITOPIA LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

4.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 July 2023
38,500
114,790
153,290


Additions
-
8,897
8,897



At 30 June 2024

38,500
123,687
162,187



Depreciation


At 1 July 2023
34,646
89,797
124,443


Charge for the year on owned assets
964
8,473
9,437



At 30 June 2024

35,610
98,270
133,880



Net book value



At 30 June 2024
2,890
25,417
28,307



At 30 June 2023
3,854
24,993
28,847

Page 5

 
EQUITOPIA LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


Debtors

2024
2023
£
£


Trade debtors
3,783
732

Amounts owed by group undertakings
9,755
10,754

13,538
11,486



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
290
510

Amounts owed to group undertakings
720,263
718,814

Taxation and social security
1,067
1,180

Other creditors
14,891
5,813

Accruals and deferred income
7,065
2,706

743,576
729,023



7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1 Ordinary share of £1
1
1



8.


Controlling party

The immediate and ultimate parent company is  High Herts Holding Limited, a company controlled by A Ershova and A Zykov. The registered office of High Herts Holding is 6 Lowswood Close, Northwood, Middlesex, HA6 2XE.

 
Page 6