Acorah Software Products - Accounts Production 15.0.600 false true true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 03532130 Mrs Vania Casini Rolando Antonio Durao Ferreira De Oliveira true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03532130 2022-12-31 03532130 2023-12-31 03532130 2023-01-01 2023-12-31 03532130 frs-core:ShareCapital 2023-12-31 03532130 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 03532130 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 03532130 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 03532130 frs-bus:SmallEntities 2023-01-01 2023-12-31 03532130 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 03532130 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 03532130 1 2023-01-01 2023-12-31 03532130 frs-core:CostValuation 2022-12-31 03532130 frs-core:CostValuation 2023-12-31 03532130 frs-core:ProvisionsForImpairmentInvestments 2022-12-31 03532130 frs-core:ProvisionsForImpairmentInvestments 2023-12-31 03532130 frs-bus:Director1 2023-01-01 2023-12-31 03532130 frs-core:CurrentFinancialInstruments 1 2023-12-31 03532130 frs-core:CurrentFinancialInstruments 2 2023-12-31 03532130 frs-countries:EnglandWales 2023-01-01 2023-12-31 03532130 2021-12-31 03532130 2022-12-31 03532130 2022-01-01 2022-12-31 03532130 frs-core:ShareCapital 2022-12-31 03532130 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 03532130 frs-core:CurrentFinancialInstruments 1 2022-12-31 03532130 frs-core:CurrentFinancialInstruments 2 2022-12-31
Registered number: 03532130
Eures Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Adbell International Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 03532130
2023 2022
Notes
FIXED ASSETS
Investments 4 4,196,222 4,196,222
4,196,222 4,196,222
CURRENT ASSETS
Cash at bank and in hand 2,003 5,479
2,003 5,479
Creditors: Amounts Falling Due Within One Year 5 (89,434 ) (82,110 )
NET CURRENT ASSETS (LIABILITIES) (87,431 ) (76,631 )
TOTAL ASSETS LESS CURRENT LIABILITIES 4,108,791 4,119,591
NET ASSETS 4,108,791 4,119,591
CAPITAL AND RESERVES
Called up share capital 6 3,134,150 3,134,150
Profit and Loss Account 974,641 985,441
SHAREHOLDERS' FUNDS 4,108,791 4,119,591
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For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Vania Casini
Director
26/09/2024
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Eures Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03532130 . The registered office is Birchin Court, 20 Birchin Lane, London, EC3V 9DJ.
2. Accounting Policies
2.1. Basis of Preparation of 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.
2.2. Going Concern Disclosure
The financial statements have been prepared on a going concern basis. The company has obtained undertakings from its shareholders that they will continue to support the company for the foreseeable future and meet all third party liabilities as they fall due. Given this undertaking, the directors consider it appropriate to adopt a going concern basis in preparing the financial statements.
2.3. Financial Instruments
Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument.
Financial assets and financial liabilities are recognised initially at fair value. Financial assets are reduced for provision, for impairment, if required.
2.4. Foreign Currencies
Assets and liabilities in foreign currencies are translated into Euro at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into Euro at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.
2.5. 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.
2.6. Preparation of consolidated financial statements
The financial statements contain information about Eures Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.
The company and its subsidiary undertaking comprise a small-sized group.
2.7. Investments in subsidiaries and associates
Investments in subsidiary and associate undertakings are recognised at cost.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
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4. Investments
Subsidiaries Associates Other Total
Cost
As at 1 January 2023 2,333,002 42,500 1,820,720 4,196,222
As at 31 December 2023 2,333,002 42,500 1,820,720 4,196,222
Provision
As at 1 January 2023 - - - -
As at 31 December 2023 - - - -
Net Book Value
As at 31 December 2023 2,333,002 42,500 1,820,720 4,196,222
As at 1 January 2023 2,333,002 42,500 1,820,720 4,196,222
The company's investments at the Balance Sheet date in the share capital of companies include the following:
Subsidiary
Qualitinveste Promocao E Investimentos Imobiliario.
Registered office: Portugal
Nature of business: Real Estate
%
Class of shares:
holding
Ordinary shares
100.00
31.12.23
31.12.22
Aggregate capital and reserves
4,323,269
4,401,316
Loss for the year
(78,047)
image
(11,339)
image
Associated company
Rising Capital, S.A.
Registered office: Luxembourg
Nature of business:
%
Class of shares:
holding
Ordinary
33.33
31.12.23
31.12.22
Aggregate capital and reserves
30,288,220
Profit for the year
image
7,425,391
image
No information available for 31.12.2023
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5. Creditors: Amounts Falling Due Within One Year
2023 2022
Shareholder loan 39,434 32,110
Debito vs Palatino 50,000 50,000
89,434 82,110
6. Share Capital
2023 2022
Allotted, Called up and fully paid 3,134,150 3,134,150
Allotted, issued and fully paid 1,000 ordinary shares in £1 nominal value, and 3,132,977 ordinary shares in €1 nominal value.
7. Ultimate Controlling Party
The company's ultimate controlling party is Rolando Antonio Durao Ferreira De Oliveira by virtue of his ownership of 100% of the issued share capital in the company.
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