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REGISTERED NUMBER: 10078767 (England and Wales)











FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2022

FOR

EUROTRADE CAPITAL LIMITED

EUROTRADE CAPITAL LIMITED (REGISTERED NUMBER: 10078767)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


EUROTRADE CAPITAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2022







DIRECTOR: Mr A Vasdev





REGISTERED OFFICE: The Bower
207-211 Old Street
London
EC1V 9NR





REGISTERED NUMBER: 10078767 (England and Wales)





AUDITORS: Stephen Hill Partnership (Holdings) Limited
Registered Auditors
139-141 Watling Street
Gillingham
Kent
ME7 2YY

EUROTRADE CAPITAL LIMITED (REGISTERED NUMBER: 10078767)

BALANCE SHEET
30 JUNE 2022

2022 2021
Notes £    £   
CURRENT ASSETS
Debtors 5 61,061 60,061
Cash at bank 13,852 37,499
74,913 97,560
CREDITORS
Amounts falling due within one year 6 9,259 (2,085 )
NET CURRENT ASSETS 65,654 99,645
TOTAL ASSETS LESS CURRENT
LIABILITIES

65,654

99,645

CAPITAL AND RESERVES
Called up share capital 69,300 69,300
Share premium 77,200 77,200
Retained earnings (80,846 ) (46,855 )
SHAREHOLDERS' FUNDS 65,654 99,645

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 September 2022 and were signed by:





Mr A Vasdev - Director


EUROTRADE CAPITAL LIMITED (REGISTERED NUMBER: 10078767)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022

1. STATUTORY INFORMATION

Eurotrade Capital Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


Monetary amounts in these financial statements are rounded to the nearest £1.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future despite the last two years being loss-making. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

Turnover
Turnover represents the aggregate of commission, fees and other related income from the company's principal activity. Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of value added tax and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts, volume rebates and retentions.

Commission income received is accounted for on an accruals basis from the date a trade is executed.

Revenue, fees and other income from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - Over 3 Years

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.

The assets' residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying value amount and are recognised in the Income Statement.

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, and loans to related parties.

EUROTRADE CAPITAL LIMITED (REGISTERED NUMBER: 10078767)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2022

2. ACCOUNTING POLICIES - continued

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

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

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial instruments.

Creditors
In application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period or in the period of the revision and future periods where the revision affects both current and future periods.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 2 ) .

EUROTRADE CAPITAL LIMITED (REGISTERED NUMBER: 10078767)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2022

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 July 2021
and 30 June 2022 6,725
DEPRECIATION
At 1 July 2021
and 30 June 2022 6,725
NET BOOK VALUE
At 30 June 2022 -
At 30 June 2021 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Other debtors 61,061 60,061

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 1,525 -
Taxation and social security - (9,350 )
Other creditors 7,734 7,265
9,259 (2,085 )

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Lance Clifton (Senior Statutory Auditor)
for and on behalf of Stephen Hill Partnership (Holdings) Limited

8. ULTIMATE CONTROLLING PARTY

The controlling party is Asset Management Holdings Ltd.

Asset Management Holdings Ltd is a UK registered company.

Registered office address:
The Bower
207 - 211 Old Street
London
EC1V 9NR