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REGISTERED NUMBER: 03152616 (England and Wales)

















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

EUROSUN INTERNATIONAL LIMITED

EUROSUN INTERNATIONAL LIMITED (REGISTERED NUMBER: 03152616)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


EUROSUN INTERNATIONAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Ms S Drozdova
Ms N Malhotra





REGISTERED OFFICE: 505 Pinner Road
Harrow
Middlesex
HA2 6EH





REGISTERED NUMBER: 03152616 (England and Wales)





ACCOUNTANTS: STGCA LLP t/a Sterling
Chartered Accountants
505 Pinner Road
Harrow
Middlesex
HA2 6EH

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
EUROSUN INTERNATIONAL LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Eurosun International Limited for the year ended 31 March 2023 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Eurosun International Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Eurosun International Limited and state those matters that we have agreed to state to the Board of Directors of Eurosun International Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Eurosun International Limited and its Board of Directors, as a body, for our work or for this report.

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

We have not been instructed to carry out an audit or a review of the financial statements of Eurosun International 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 financial statements.






STGCA LLP t/a Sterling
Chartered Accountants
505 Pinner Road
Harrow
Middlesex
HA2 6EH


29 November 2023

EUROSUN INTERNATIONAL LIMITED (REGISTERED NUMBER: 03152616)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 500,000 546,000

CURRENT ASSETS
Debtors 5 3,000 1,500
Cash at bank 86,287 77,031
89,287 78,531
CREDITORS
Amounts falling due within one year 6 7,610 5,644
NET CURRENT ASSETS 81,677 72,887
TOTAL ASSETS LESS CURRENT
LIABILITIES

581,677

618,887

PROVISIONS FOR LIABILITIES 7 62,508 74,997
NET ASSETS 519,169 543,890

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 519,069 543,790
SHAREHOLDERS' FUNDS 519,169 543,890

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

EUROSUN INTERNATIONAL LIMITED (REGISTERED NUMBER: 03152616)

BALANCE SHEET - continued
31 MARCH 2023


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 Board of Directors and authorised for issue on 28 November 2023 and were signed on its behalf by:





Ms S Drozdova - Director


EUROSUN INTERNATIONAL LIMITED (REGISTERED NUMBER: 03152616)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Eurosun International 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 represents rents receivable.Turnover is recognised on a rent receivable basis to the balance sheet date.

Investment property
Investment property whose fair value can be measured reliably without undue cost or effort shall be measured at fair value at each reporting date with changes in fair value recognised in profit or loss.

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 - 2 ) .

EUROSUN INTERNATIONAL LIMITED (REGISTERED NUMBER: 03152616)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 546,000
Revaluations (46,000 )
At 31 March 2023 500,000
NET BOOK VALUE
At 31 March 2023 500,000
At 31 March 2022 546,000

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2007 156,954
Valuation in 2008 33,865
Valuation in 2009 (25,000 )
Valuation in 2010 25,000
Valuation in 2014 155,000
Valuation in 2015 40,000
Valuation in 2016 20,000
Valuation in 2017 6,000
Valuation in 2023 (46,000 )
Cost 134,181
500,000

In the opinion of the directors the fair value of the investment properties as at 31 March 2023 is not significantly different to that stated above.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 3,000 1,500

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 2,062 1,895
Other creditors 5,548 3,749
7,610 5,644

EUROSUN INTERNATIONAL LIMITED (REGISTERED NUMBER: 03152616)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 62,508 74,997

Deferred
tax
£   
Balance at 1 April 2022 74,997
Provided during year (12,489 )
Balance at 31 March 2023 62,508

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary 1 100 100

9. RESERVES
Retained
earnings
£   

At 1 April 2022 543,790
Deficit for the year (24,721 )
At 31 March 2023 519,069

Retained earnings is made of undistributable profit and loss reserves of £303,311 (2022: £336,821)

10. RELATED PARTY DISCLOSURES

Included in other creditors is £1,338 (2022: £1,338) due to Ms Svetlana Drozdova, a director of the company.

11. ULTIMATE CONTROLLING PARTY

The company is jointly controlled by the directors, who also own 100% of the issued share capital.