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COMPANY REGISTRATION NUMBER: 10033616
EURO ESTATES INVESTMENTS LTD
Unaudited Financial Statements
For the year ended
31 March 2023
EURO ESTATES INVESTMENTS LTD
Financial Statements
Year ended 31 March 2023
Contents
Page
Officers and professional advisers
1
Director's report
2
Report to the director on the preparation of the unaudited statutory financial statements
3
Statement of financial position
4
Notes to the financial statements
5
EURO ESTATES INVESTMENTS LTD
Officers and Professional Advisers
Director
Ms C. Zirou
Registered office
111a George Lane
London
U.K
E18 1AN
Accountants
OMG
Chartered Certified Accountants
111a, George Lane
London
E18 1AN
EURO ESTATES INVESTMENTS LTD
Director's Report
Year ended 31 March 2023
The director presents her report and the unaudited financial statements of the company for the year ended 31 March 2023 .
The company has been dormant as defined in section 1169 of the Companies Act 2006 throughout the year and preceding financial year. It is anticipated that the company will remain dormant for the foreseeable future.
Directors
The directors who served the company during the year were as follows:
Ms C. Zirou
(Appointed 20 September 2022)
Mr E. Doukas
(Died 20 September 2022)
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 21 November 2023 and signed on behalf of the board by:
Ms C. Zirou
Director
Registered office:
111a George Lane
London
U.K
E18 1AN
EURO ESTATES INVESTMENTS LTD
Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of EURO ESTATES INVESTMENTS LTD
Year ended 31 March 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of EURO ESTATES INVESTMENTS LTD for the year ended 31 March 2023, which comprise the statement of financial position 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html. Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.
OMG Chartered Certified Accountants
111a, George Lane London E18 1AN
21 November 2023
EURO ESTATES INVESTMENTS LTD
Statement of Financial Position
31 March 2023
2023
2022
Note
£
£
Fixed assets
Investments
4
16,317
16,317
Current assets
Cash at bank and in hand
1,000
1,000
Creditors: amounts falling due within one year
5
16,317
16,317
--------
--------
Net current liabilities
15,317
15,317
--------
--------
Total assets less current liabilities
1,000
1,000
-------
-------
Capital and reserves
Called up share capital
1,000
1,000
-------
-------
Shareholders funds
1,000
1,000
-------
-------
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
The company did not trade during the current year or prior year and has not made either a profit or loss.
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 21 November 2023 , and are signed on behalf of the board by:
Ms C. Zirou
Director
Company registration number: 10033616
EURO ESTATES INVESTMENTS LTD
Notes to the Financial Statements
Year ended 31 March 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 111a George Lane, London, E18 1AN, U.K.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Investments
During the year the company become the holding company of a Belgiam Subsidiary, DTM Capital Arisors SPRL.
Income statement
The company is dormant as defined by section 1169 of the Companies Act 2006. The company received no income and incurred no expenditure during the current year or prior year and therefore no income statement is presented within these financial statements. There have been no movements in shareholders funds during the current year or prior year.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Investments in joint ventures
Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
4. Investments
Shares in group undertakings
£
Cost
At 1 April 2022 and 31 March 2023
16,317
--------
Impairment
At 1 April 2022 and 31 March 2023
--------
Carrying amount
At 31 March 2023
16,317
--------
At 31 March 2022
16,317
--------
5. Creditors: amounts falling due within one year
2023
2022
£
£
Other creditors
16,317
16,317
--------
--------