General Information
Equator Gold Limited is a private company, limited by shares, registered in England and Wales, registration number 07612443, registration address Suite 1 The Portway Centre, , Old Sarum Park, Old Sarum, , Salisbury, SP4 6EB.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
These financial statements have been prepared under the historical cost convention and in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
Fixed asset investments
Fixed asset investments are stated at cost less impairment in value.
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
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.
|
| 2. |
Average number of employees
The Average Number of employeed during the year including directors was Nil. (2024 - Nil)
Average number of employees during the year was 1 (2024 : 1).
|
| 3. |
Tangible fixed assets
| Cost or valuation |
Computer Equipment |
|
Total |
| |
£ |
|
£ |
| At 01 May 2024 |
1,040 |
|
1,040 |
| Additions |
- |
|
- |
| Disposals |
- |
|
- |
| At 30 April 2025 |
1,040 |
|
1,040 |
| Depreciation |
| At 01 May 2024 |
329 |
|
329 |
| Charge for year |
- |
|
- |
| On disposals |
- |
|
- |
| At 30 April 2025 |
329 |
|
329 |
| Net book values |
| Closing balance as at 30 April 2025 |
711 |
|
711 |
| Opening balance as at 01 May 2024 |
919 |
|
919 |
|
| 4. |
Investments
| Cost |
Other investments other than loans |
|
Total |
| |
£ |
|
£ |
| At 01 May 2024 |
- |
|
- |
| Additions |
4,281 |
|
4,281 |
| Disposals |
- |
|
- |
| At 30 April 2025 |
4,281 |
|
4,281 |
|
| 5. |
Debtors: amounts falling due within one year
|
2025
£ |
|
2024
£ |
| Prepayments & Accrued Income |
4,062 |
|
276 |
| Other Debtors |
4,203 |
|
0 |
| VAT |
901 |
|
6 |
|
9,166 |
|
282 |
|
| 6. |
Creditors: amount falling due within one year
|
2025
£ |
|
2024
£ |
| Accrued Expenses |
2,052 |
|
1,874 |
| Director: Mr M E Parker |
75,575 |
|
65,457 |
|
77,627 |
|
67,331 |
|
| 7. |
Share Capital
Allotted, called up and fully paid
|
2025
£ |
|
2024
£ |
|
200,001
Ordinary shares of £0.00001 each |
2 |
|
2 |
|
2 |
|
2 |
|
| 8. |
Share premium account
|
2025
£ |
|
2024
£ |
| Equity Share Premium b/fwd |
1,128,171 |
|
1,128,171 |
|
1,128,171 |
|
1,128,171 |
|
| 9. |
Related parties
During the year the company entered into the following transactions with related parties: | Transaction value - income/(expenses) | | Balance owed by/(owed to) |
|---|
| 2025
£ | | 2024
£ | | 2025
£ | | 2024
£ |
|---|
| WalZinc SRL | (4,151) | | 0 | | 4,203 | | 0 |
The company is a shareholder in WalZinc SRL, and entered into a business loan arrangement on 22 December 2024. The loan is repayable on 31 December 2025 and 5% interest is charged per annum. |
3
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