REGISTERED NUMBER: 06945850 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JANUARY 2017 TO 28 DECEMBER 2017

FOR

EQUITY GROWTH PARTNERS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

M J Eves

REGISTERED OFFICE:

Office 102

Waterhouse

Waterhouse Lane

Monkton Combe

BA2 7JB

REGISTERED NUMBER:

06945850 (England and Wales)

ACCOUNTANTS:

Magma Audit LLP

Magma House

16 Davy Court

Castle Mound Way

Rugby

CV23 0UZ

FIXED ASSETS

Tangible assets

3

-

-

Investments

4

19,132

-

19,132

-

CURRENT ASSETS

Stocks

83,000

74,600

Debtors

5

244,978

252,629

Cash at bank and in hand

6,811

21,832

334,789

349,061

CREDITORS

Amounts falling due within one year

6

(263,185

)

(232,217

)

NET CURRENT ASSETS

71,604

116,844

TOTAL ASSETS LESS CURRENT LIABILITIES

90,736

116,844

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

90,726

116,834

SHAREHOLDERS' FUNDS

90,736

116,844

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 December 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 December 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.

The financial statements were approved by the director on 28 September 2018 and were signed by:

M J Eves - Director

1.	STATUTORY INFORMATION

Equity Growth Partners Limited is a private company limited by share capital, incorporated in England and

Wales, registration number 06945850. The address of the registered office is Office 102, Waterhouse,

Waterhouse Lane, Monkton Combe, BA2 7JB.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared 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. The financial statements have been prepared under the historical cost convention.

This is the first year in which the financial statements have been prepared under FRS 102 1A Small Entities.

Turnover

Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sale taxes. The following criteria must also be met before revenue is recognized:

Rendering of Services

Revenue from a contract to provide services is recognised in the period in which the services are provided in

accordance with the stage of completion of the contract when all of the following condition are satisfied:

- the amount of revenue can be measured reliably;

- it is probable that the Company will receive the consideration due under the contract;

- the stage of completion of the contract at the end of the reporting period can be measured reliably; and

- the costs incurred and the costs to complete the contract can be measured reliably.

Tangible fixed assets

Tangible fixed assets 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 charged so as to allocate the cost of assets less their residual value over their estimated useful

lives, using either a straight line or reducing balance method, as indicated below.

Depreciation is provided on the following basis:

Office equipment - 33.33% straight Line

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 profit or loss.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is based

on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and

attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is

reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in

profit or loss.

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial

assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to

related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period

for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is

recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an

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.

Debtors

Basic financial assets, including trade and other debtors, are initially recognised at transaction price, 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. Such assets are subsequently carried at amortised cost

using the effective interest method, less any impairment.

Cash and cash equivalents

Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and

other short-term 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.

Creditors

Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related

parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction,

where the debt instrument is measured at the present value of the future payments discounted at a market rate

of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less

any impairment.

Taxation

The tax expense for the year comprises current and deferred tax.

Tax is recognised in profit or loss except that a change attributable to an item of income and expense recognised

as other comprehensive income or to an item recognised directly in equity is also recognised in other

comprehensive income or directly in equity respectively.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by

the Balance Sheet date, except that:

- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered

against the reversal of deferred tax liabilities or other future taxable profits; and

- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have

been met.

Both current and deferred tax is determined using tax rates and laws that have been enacted or substantively

enacted by the balance sheet date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling

at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Operating leases

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Leases that do not transfer all the risks and rewards of ownership are classified as operating leases. Payments

under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Investments

Investments are held at cost less accumulated impairment losses.

3.	TANGIBLE FIXED ASSETS

Office

Equipment

£

COST

At 1 January 2017

and 28 December 2017

4,688

DEPRECIATION

At 1 January 2017

and 28 December 2017

4,688

NET BOOK VALUE

At 28 December 2017

-

At 31 December 2016

-

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

Additions

19,132

At 28 December 2017

19,132

NET BOOK VALUE

At 28 December 2017

19,132

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

31,900

20,000

Other debtors

204,745

224,296

Prepayments and accrued income

8,333

8,333

244,978

252,629

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

1,456

-

Tax

39,292

-

VAT

37,720

1,537

Other creditors

178,145

203,560

Directors' current accounts

5,022

25,570

Accruals and deferred income

1,550

1,550

263,185

232,217

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 28 December 2017 and the

year ended 31 December 2016:

2017

2016

£

£

M J Eves

Balance outstanding at start of period

(25,570

)

161,289

Amounts advanced

223,049

294,402

Amounts repaid

(202,501

)

(481,261

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

(5,022

)

(25,570

)

8.	RELATED PARTY DISCLOSURES

This company provided consultancy services to MTLS Management Limited during the year totalling £39,000.

The balance outstanding at the year end was £31,900 (2016: £20,000).