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REGISTERED NUMBER: 09967056 (England and Wales)

















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

EUROS PROPERTY LIMITED

EUROS PROPERTY LIMITED (REGISTERED NUMBER: 09967056)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


EUROS PROPERTY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: V Kara
Mrs P V Kara
Mrs T Kara
Miss J Kara
Miss R Kara





REGISTERED OFFICE: 713a North Circular Road
London
London
NW2 7AX





REGISTERED NUMBER: 09967056 (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
EUROS PROPERTY 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 Statement of Comprehensive Income 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 Euros Property Limited for the year ended 31 March 2024 which comprise the Profit and loss, Balance Sheet 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 Euros Property 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 Euros Property Limited and state those matters that we have agreed to state to the Board of Directors of Euros Property 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 Euros Property Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Euros Property 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 profit of Euros Property Limited. You consider that Euros Property 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 Euros Property 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


30 July 2024

EUROS PROPERTY LIMITED (REGISTERED NUMBER: 09967056)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 4,230,318 3,865,820
Cash at bank and in hand 1,458,751 1,944,248
5,689,069 5,810,068
CREDITORS
Amounts falling due within one year 5 34,057 228,394
NET CURRENT ASSETS 5,655,012 5,581,674
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,655,012

5,581,674

CAPITAL AND RESERVES
Called up share capital 100 100
Share premium 5,108,756 5,108,756
Retained earnings 546,156 472,818
5,655,012 5,581,674

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

EUROS PROPERTY LIMITED (REGISTERED NUMBER: 09967056)

BALANCE SHEET - continued
31 MARCH 2024


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 Profit and loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 July 2024 and were signed on its behalf by:




Miss J Kara - Director Mrs T Kara - Director




Miss R Kara - Director


EUROS PROPERTY LIMITED (REGISTERED NUMBER: 09967056)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Euros Property 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents bridging loan interest receivable and rents receivable. Turnover is recognised when the company has a right to consideration.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 1 ) .

4. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 163,362 144,645
Amounts owed by group undertakings 196 196
Other debtors 84,062 84,062
Prepayments and accrued income 8,900 -
256,520 228,903

EUROS PROPERTY LIMITED (REGISTERED NUMBER: 09967056)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. DEBTORS - continued
2024 2023
£    £   
Amounts falling due after more than one year:
Loans 3,973,798 3,636,917

Aggregate amounts 4,230,318 3,865,820

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 25,595 15,969
Other creditors 8,462 212,425
34,057 228,394

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within debtors amounts falling due more than one year is a balance of £258,651 (2023: £258,651) due from Mrs Tina Kara, who is a director of the company. The loan is repayable within 2 years and is subject to an interest rate of 3.5% per annum.