Eutrix Property Limited 14355908 false 2022-09-14 2023-09-30 2023-09-30 The principal activity of the company is Letting of own property Digita Accounts Production Advanced 6.30.9574.0 true true 14355908 2022-09-14 2023-09-30 14355908 2023-09-30 14355908 bus:Director1 2023-09-30 14355908 bus:Director2 2023-09-30 14355908 bus:OrdinaryShareClass1 2023-09-30 14355908 core:CurrentFinancialInstruments 2023-09-30 14355908 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 14355908 core:LandBuildings core:OwnedOrFreeholdAssets 2023-09-30 14355908 bus:SmallEntities 2022-09-14 2023-09-30 14355908 bus:AuditExemptWithAccountantsReport 2022-09-14 2023-09-30 14355908 bus:AbridgedAccounts 2022-09-14 2023-09-30 14355908 bus:SmallCompaniesRegimeForAccounts 2022-09-14 2023-09-30 14355908 bus:RegisteredOffice 2022-09-14 2023-09-30 14355908 bus:Director1 2022-09-14 2023-09-30 14355908 bus:Director2 2022-09-14 2023-09-30 14355908 bus:OrdinaryShareClass1 2022-09-14 2023-09-30 14355908 bus:PrivateLimitedCompanyLtd 2022-09-14 2023-09-30 14355908 bus:Agent1 2022-09-14 2023-09-30 14355908 core:LandBuildings core:OwnedOrFreeholdAssets 2022-09-14 2023-09-30 14355908 countries:England 2022-09-14 2023-09-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 14355908

Eutrix Property Limited

Annual Report and Unaudited Abridged Financial Statements

for the Period from 14 September 2022 to 30 September 2023

 

Eutrix Property Limited

Contents

Company Information

1

Directors' Report

2

Accountants' Report

3

Abridged Balance Sheet

4 to 5

Notes to the Unaudited Abridged Financial Statements

6 to 8

 

Eutrix Property Limited

Company Information

Directors

Ms Ching Leung Mak

Mr Wai Chung Cheung

Registered office

52 Park Road
Askern
Doncaster
DN6 0BA

Accountants

SDN Accountancy Limited
52 Park Road
Askern
Doncaster
DN6 0BA

 

Eutrix Property Limited

Directors' Report for the Period from 14 September 2022 to 30 September 2023

The directors present their report and the abridged financial statements for the period from 14 September 2022 to 30 September 2023.

Incorporation

The company was incorporated on 14 September 2022.

Directors of the company

The directors who held office during the period were as follows:

Ms Ching Leung Mak (appointed 14 September 2022)

Mr Wai Chung Cheung (appointed 14 September 2022)

Principal activity

The principal activity of the company is Letting of own property

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 5 October 2023 and signed on its behalf by:
 

.........................................
Ms Ching Leung Mak
Director

 

Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Eutrix Property Limited
for the Period Ended 30 September 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Eutrix Property Limited for the period ended 30 September 2023 as set out on pages 4 to 8 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Accounting Technicians we are subject to its ethical and other professional requirements.

This report is made solely to the Board of Directors of Eutrix Property Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Eutrix Property Limited and state those matters that we have agreed to state to the Board of Directors of Eutrix Property Limited, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Eutrix Property Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Eutrix Property Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Eutrix Property Limited. You consider that Eutrix Property Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of Eutrix Property Limited. 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 accounts.

......................................

SDN Accountancy Limited
52 Park Road
Askern
Doncaster
DN6 0BA

5 October 2023

 

Eutrix Property Limited

(Registration number: 14355908)
Abridged Balance Sheet as at 30 September 2023

Note

2023
£

Fixed assets

 

Tangible assets

4

301,190

Current assets

 

Debtors

370

Cash at bank and in hand

 

1,736

 

2,106

Prepayments and accrued income

 

331

Creditors: Amounts falling due within one year

(311,173)

Net current liabilities

 

(308,736)

Total assets less current liabilities

 

(7,546)

Accruals and deferred income

 

(1,250)

Net liabilities

 

(8,796)

Capital and reserves

 

Called up share capital

5

100

Retained earnings

(8,896)

Shareholders' deficit

 

(8,796)

For the financial period ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 5 October 2023 and signed on its behalf by:
 

 

Eutrix Property Limited

(Registration number: 14355908)
Abridged Balance Sheet as at 30 September 2023

.........................................
Ms Ching Leung Mak
Director

 

Eutrix Property Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 14 September 2022 to 30 September 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
52 Park Road
Askern
Doncaster
DN6 0BA

The principal place of business is:
6 Scarborough Close
Grantham
Lincolnshire
NG31 8UN

These financial statements were authorised for issue by the Board on 5 October 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Eutrix Property Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 14 September 2022 to 30 September 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 1.

 

Eutrix Property Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 14 September 2022 to 30 September 2023

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

Additions

301,190

301,190

At 30 September 2023

301,190

301,190

Depreciation

Carrying amount

At 30 September 2023

301,190

301,190

Included within the net book value of land and buildings above is £301,190 in respect of freehold land and buildings.
 

5

Share capital

Allotted, called up and fully paid shares

 

2023

 

No.

£

Ordinary Shares of £1 each

100

100