Eurasia Capital Limited
Unaudited Financial Statements
For the year ended 31 December 2023
Pages for Filing with Registrar
Company Registration No. 03802974 (England and Wales)
Eurasia Capital Limited
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 3
Eurasia Capital Limited
Balance Sheet
As at 31 December 2023
Page 1
2023
2022
Notes
£
£
£
£
Current assets
Cash at bank and in hand
320
137
Creditors: amounts falling due within one year
4
(36,815)
(35,499)
Net current liabilities
(36,495)
(35,362)
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
(36,497)
(35,364)
Total equity
(36,495)
(35,362)
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 2 April 2024
J Barber
Director
Company Registration No. 03802974
EURASIA CAPITAL LIMITED
Eurasia Capital Limited
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 December 2023
Page 2
1
Accounting policies
Company information
Eurasia Capital Limited is a private company limited by shares incorporated in England and Wales. The registered office is 6th Floor, 9 Appold Street, London, EC2A 2AP.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements, which are those of Eurasia Capital Limited as an individual entity, have been prepared under the historical cost convention.The principal accounting policies adopted are set out below.
1.2
Going concern
At 31 December 20true23, the company had net current liabilities of £36,495 (2022: £35,362 ) and net liabilities of £36,495 (2022: £35,362 ). The director has agreed to provide continued financial support for the company for the foreseeable future and as such the accounts have been drawn up on a going concern basis. The accounts do not reflect any adjustments should the support from the director be withdrawn.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures, fittings & equipment
Over 4 years at 25% per annum
Computer equipment
Over 3 years at 33% per annum
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.4
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.5
Debtors and creditors
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans and other debtors receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Creditors
Short term trade creditors and other current creditors payable on demand are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
EURASIA CAPITAL LIMITED
Eurasia Capital Limited
NOTES TO THE FINANCIAL STATEMENTS (Continued)
For the year ended 31 December 2023
1
Accounting policies
(Continued)
Page 3
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
1
1
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2023 and 31 December 2023
11,468
Depreciation and impairment
At 1 January 2023 and 31 December 2023
11,468
Carrying amount
At 31 December 2023
At 31 December 2022
4
Creditors: amounts falling due within one year
2023
2022
£
£
Other creditors
35,787
34,487
Accruals and deferred income
1,028
1,012
36,815
35,499
5
Related party transactions
As at 31 December 2023 the company owed J Barber £35,364 (2022: £34,487). This balance is interest free and has no fixed repayment terms.