EUROPEAN LAND LIMITED

Company Registration Number:
05945704 (England and Wales)

Unaudited statutory accounts for the year ended 30 September 2023

Period of accounts

Start date: 01 October 2022

End date: 30 September 2023

EUROPEAN LAND LIMITED

Contents of the Financial Statements

for the Period Ended 30 September 2023

Company Information - 3
Profit and Loss Account - 4
Balance sheet - 5
Additional notes - 7
Balance sheet notes - 10

EUROPEAN LAND LIMITED

Company Information

for the Period Ended 30 September 2023




Registered office: 29
Brim Hill
London
N2 0HD
Company Registration Number: 05945704 (England and Wales)

EUROPEAN LAND LIMITED

Profit and Loss Account

for the Period Ended 30 September 2023


Notes

2023
£

2022
£
Turnover 701,225 597,068
Cost of sales ( 422,472 ) ( 328,535 )
Gross Profit or (Loss) 278,753 268,533
Income from coronavirus (COVID-19) business support grants 0 0
Distribution Costs ( 575 ) ( 521 )
Administrative Expenses ( 235,222 ) ( 193,100 )
Other operating income 0 0
Operating Profit or (Loss) 42,956 74,912
Interest Receivable and Similar Income 504 0
Interest Payable and Similar Charges ( 285,698 ) ( 187,512 )
Profit or (Loss) Before Tax ( 242,238 ) ( 112,600 )
Tax on Profit ( 0 ) ( 0 )
Profit or (Loss) for Period ( 242,238 ) ( 112,600 )

The notes form part of these financial statements

EUROPEAN LAND LIMITED

Balance sheet

As at 30 September 2023


Notes

2023
£

2022
£
Fixed assets
Intangible assets: 4 0 0
Tangible assets: 5 12,532,472 12,500,000
Total fixed assets: 12,532,472 12,500,000
Current assets
Stocks: 82,555 37,225
Debtors: 6 17,511 51,256
Cash at bank and in hand: 53,320 211,120
Total current assets: 153,386 299,601
Prepayments and accrued income: 2 2
Creditors: amounts falling due within one year: 7 ( 454,302 ) ( 110,020 )
Net current assets (liabilities): ( 300,914 ) 189,583
Total assets less current liabilities: 12,231,558 12,689,583
Creditors: amounts falling due after more than one year: 8 ( 4,125,000 ) ( 4,125,000 )
Provision for liabilities: ( 0 ) ( 0 )
Accruals and deferred income: ( 0 ) ( 0 )
Total net assets (liabilities): 8,106,558 8,564,583

The notes form part of these financial statements

EUROPEAN LAND LIMITED

Balance sheet continued

As at 30 September 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 1 1
Revaluation reserve: 9 8,662,645 8,878,432
Profit and loss account: ( 556,088 ) ( 313,850 )
Shareholders funds: 8,106,558 8,564,583

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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 5 February 2024
And Signed On Behalf Of The Board By:

Name: simon karimzadeh
Status: Director

The notes form part of these financial statements

EUROPEAN LAND LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

EUROPEAN LAND LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 8 9

EUROPEAN LAND LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2023

  • 3. Off balance sheet disclosure

    No

EUROPEAN LAND LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2023

4. Intangible assets

Other Total
Cost £ £
At 01 October 2022 0 0
Additions 0 0
Disposals ( 0 ) ( 0 )
Revaluations 0 0
Transfers 0 0
At 30 September 2023 0 0
Amortisation
Amortisation at 01 October 2022 0 0
Charge for year 0 0
On disposals ( 0 ) ( 0 )
Other adjustments 0 0
Amortisation at 30 September 2023 0 0
Net book value
Net book value at 30 September 2023 0 0
Net book value at 30 September 2022 0 0

EUROPEAN LAND LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2023

5. Tangible assets

Land & buildings Plant & machinery Total
Cost £ £ £
At 01 October 2022 12,500,000 0 12,500,000
Additions - 35,000 35,000
Disposals ( 0 ) ( 0 ) ( 0 )
Revaluations 0 0 0
Transfers 0 0 0
At 30 September 2023 12,500,000 35,000 12,535,000
Depreciation
At 01 October 2022 - 0 0
Charge for year - 2,528 2,528
On disposals - - -
Other adjustments - - -
At 30 September 2023 - 2,528 2,528
Net book value
At 30 September 2023 12,500,000 32,472 12,532,472
At 30 September 2022 12,500,000 0 12,500,000

EUROPEAN LAND LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2023

6. Debtors


2023
£

2022
£
Trade debtors 17,511 31,256
Other debtors 20,000
Total 17,511 51,256

EUROPEAN LAND LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2023

7.Creditors: amounts falling due within one year note


2023
£

2022
£
Other creditors 454,302 110,020
Total 454,302 110,020

Directors Loan

EUROPEAN LAND LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2023

8.Creditors: amounts falling due after more than one year


2023
£

2022
£
Bank loans and overdrafts 4,125,000 4,125,000
Total 4,125,000 4,125,000

Bank Loan

EUROPEAN LAND LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2023

9. Revaluation reserve


2023
£
Balance at 01 October 2022 8,878,432
Surplus or deficit after revaluation ( 215,787 )
Balance at 30 September 2023 8,662,645