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REGISTERED NUMBER: 13659381 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

European International Holding Ltd

European International Holding Ltd (Registered number: 13659381)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


European International Holding Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mr Issa Mashayekhi
Mr David Arash Zafaranlou





REGISTERED OFFICE: 51 Creighton Road
Ealing
London
W5 4SH





REGISTERED NUMBER: 13659381 (England and Wales)





AUDITORS: Sterling Partners Limited
Chartered Accountants and Statutory Auditors
Grove House
774-780 Wilmslow Road
Didsbury
Manchester
M20 2DR

European International Holding Ltd (Registered number: 13659381)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,994 905

CURRENT ASSETS
Debtors 5 38,885 27,545
Cash at bank 21,535 177,497
60,420 205,042
CREDITORS
Amounts falling due within one year 6 44,730 192,362
NET CURRENT ASSETS 15,690 12,680
TOTAL ASSETS LESS CURRENT
LIABILITIES

18,684

13,585

PROVISIONS FOR LIABILITIES 172 172
NET ASSETS 18,512 13,413

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 8,512 3,413
18,512 13,413

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 9 September 2024 and were signed on its behalf by:




Mr Issa Mashayekhi - Director



Mr David Arash Zafaranlou - Director


European International Holding Ltd (Registered number: 13659381)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

European International Holding Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The Company has the full name of European International Limited and trades under the name of EUI Holding.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

European International Holding Ltd (Registered number: 13659381)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 1,207
Additions 3,187
At 31 December 2023 4,394
DEPRECIATION
At 1 January 2023 302
Charge for year 1,098
At 31 December 2023 1,400
NET BOOK VALUE
At 31 December 2023 2,994
At 31 December 2022 905

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 38,003 18,550
VAT 882 8,995
38,885 27,545

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Corporation tax 1,420 2,362
Social security and other taxes 265 -
Other creditors 31,017 190,000
Accruals and deferred income 12,028 -
44,730 192,362

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.23 31.12.22
£    £   
Within one year - 15,925

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Narges Cyroos (Senior Statutory Auditor)
for and on behalf of Sterling Partners Limited

European International Holding Ltd (Registered number: 13659381)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

9. RELATED PARTY DISCLOSURES

The company's director is also the sole director and shareholder of EIU London Ltd. A sum of £29,201 was owing by the Company to EIU London at the year end (31.12.22 £NIL). The Company paid fees of £2,280 to EIU London for the services it received during the year (31.12.22 £NIL).