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REGISTERED NUMBER: 02799157 (England and Wales)















Report of the Directors and

Financial Statements for the Year Ended 31 January 2023

for

Europride Properties Limited

Europride Properties Limited (Registered number: 02799157)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Report of the Directors 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


Europride Properties Limited

Company Information
for the Year Ended 31 January 2023







DIRECTORS: P Howells
Mrs A Howells





REGISTERED OFFICE: 3 Freshfield Road
Formby
Liverpool
Merseyside
L37 3JA





REGISTERED NUMBER: 02799157 (England and Wales)





ACCOUNTANTS: M P Greaves Limited
Chartered Certified Accountants
74 Marmot Road
Liverpool
Merseyside
L37 6GB

Europride Properties Limited (Registered number: 02799157)

Report of the Directors
for the Year Ended 31 January 2023

The directors present their report with the financial statements of the company for the year ended 31 January 2023.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of the letting of property.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 February 2022 to the date of this report.

P Howells
Mrs A Howells

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

ON BEHALF OF THE BOARD:





P Howells - Director


4 May 2023

Europride Properties Limited (Registered number: 02799157)

Income Statement
for the Year Ended 31 January 2023

31.1.23 31.1.22
Notes £    £   

TURNOVER 42,040 43,140

Administrative expenses 11,895 12,986
30,145 30,154

Gain/loss on revaluation of tangible assets 6,230 14,920
OPERATING PROFIT 4 36,375 45,074


Interest payable and similar expenses 54 -
PROFIT BEFORE TAXATION 36,321 45,074

Tax on profit 6,805 6,842
PROFIT FOR THE FINANCIAL YEAR 29,516 38,232

Europride Properties Limited (Registered number: 02799157)

Balance Sheet
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 455,469 454,964

CURRENT ASSETS
Cash at bank 87,701 61,285

CREDITORS
Amounts falling due within one year 6 15,769 14,797
NET CURRENT ASSETS 71,932 46,488
TOTAL ASSETS LESS CURRENT
LIABILITIES

527,401

501,452

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Share premium 99,000 99,000
Retained earnings 427,401 401,452
SHAREHOLDERS' FUNDS 527,401 501,452

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 4 May 2023 and were signed on its behalf by:





P Howells - Director


Europride Properties Limited (Registered number: 02799157)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

Europride Properties 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.

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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 15% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 1 ) .

4. OPERATING PROFIT

The operating profit is stated after charging:

31.1.23 31.1.22
£    £   
Depreciation - owned assets 5,725 5,856

Europride Properties Limited (Registered number: 02799157)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 February 2022 567,672 32,774 600,446
Revaluations 6,230 - 6,230
At 31 January 2023 573,902 32,774 606,676
DEPRECIATION
At 1 February 2022 117,672 27,810 145,482
Charge for year 4,980 745 5,725
At 31 January 2023 122,652 28,555 151,207
NET BOOK VALUE
At 31 January 2023 451,250 4,219 455,469
At 31 January 2022 450,000 4,964 454,964

Cost or valuation at 31 January 2023 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2018 310,582 - 310,582
Valuation in 2022 14,920 - 14,920
Valuation in 2023 6,230 - 6,230
Cost 242,170 32,774 274,944
573,902 32,774 606,676

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

31.1.23 31.1.22
£    £   
Cost 242,170 242,170
Aggregate depreciation 122,652 117,672

Freehold land and buildings were valued on an open market basis on 31 January 2023 by Mr & Mrs Howells, Directors .

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Payments on account 1,300 1,300
Taxation and social security 13,647 12,987
Other creditors 822 510
15,769 14,797