Silverfin false false 31/07/2024 01/08/2023 31/07/2024 C J Baines 10/11/2017 N Baines 10/11/2017 06 November 2024 The principal activity of the Company during the financial year was that of a holding company. 11057936 2024-07-31 11057936 bus:Director1 2024-07-31 11057936 bus:Director2 2024-07-31 11057936 2023-07-31 11057936 core:CurrentFinancialInstruments 2024-07-31 11057936 core:CurrentFinancialInstruments 2023-07-31 11057936 core:ShareCapital 2024-07-31 11057936 core:ShareCapital 2023-07-31 11057936 core:SharePremium 2024-07-31 11057936 core:SharePremium 2023-07-31 11057936 core:RetainedEarningsAccumulatedLosses 2024-07-31 11057936 core:RetainedEarningsAccumulatedLosses 2023-07-31 11057936 2023-08-01 2024-07-31 11057936 bus:FilletedAccounts 2023-08-01 2024-07-31 11057936 bus:SmallEntities 2023-08-01 2024-07-31 11057936 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 11057936 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 11057936 bus:Director1 2023-08-01 2024-07-31 11057936 bus:Director2 2023-08-01 2024-07-31 11057936 2022-08-01 2023-07-31 iso4217:GBP xbrli:pure

Company No: 11057936 (England and Wales)

EUROSTOVE HOLDINGS LIMITED

Unaudited Financial Statements
For the financial year ended 31 July 2024
Pages for filing with the registrar

EUROSTOVE HOLDINGS LIMITED

Unaudited Financial Statements

For the financial year ended 31 July 2024

Contents

EUROSTOVE HOLDINGS LIMITED

BALANCE SHEET

As at 31 July 2024
EUROSTOVE HOLDINGS LIMITED

BALANCE SHEET (continued)

As at 31 July 2024
Note 2024 2023
£ £
Fixed assets
Investments 30,000 30,000
30,000 30,000
Current assets
Debtors 3 165,017 101,783
Cash at bank and in hand 0 10
165,017 101,793
Creditors: amounts falling due within one year 4 ( 63,125) ( 195)
Net current assets 101,892 101,598
Total assets less current liabilities 131,892 131,598
Net assets 131,892 131,598
Capital and reserves
Called-up share capital 2 2
Share premium account 29,998 29,998
Profit and loss account 101,892 101,598
Total shareholders' funds 131,892 131,598

For the financial year ending 31 July 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Eurostove Holdings Limited (registered number: 11057936) were approved and authorised for issue by the Board of Directors on 06 November 2024. They were signed on its behalf by:

C J Baines
Director
EUROSTOVE HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2024
EUROSTOVE HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Eurostove Holdings Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Goodwood House, Blackbrook Park Avenue, Taunton, TA1 2PX, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Debtors

2024 2023
£ £
Amounts owed by Group undertakings 164,917 90,832
Other debtors 100 10,951
165,017 101,783

4. Creditors: amounts falling due within one year

2024 2023
£ £
Taxation and social security 0 195
Other creditors 63,125 0
63,125 195

5. Related party transactions

Transactions with the entity's directors

2024 2023
£ £
Mr C & Mrs N Baines (63,125) 10,950

Joint directors loan account, repayable on demand. Interest is charged on overdrawn balances exceeding £10,000 per director at the official HMRC rates.

At 1 August 2023, the balance owed to the company was £10,950. During the year £56,055 was advanced and £130,130 was repaid. At 31 July 2023 the balance owed by the directors was £17,546.

At 1 August 2022, the balance owed to the company was £3,344. During the year £69,776 was advanced and £62,170 was repaid. At 31 July 2023 the balance owed by the directors was £10,950.

Other related party transactions

2024 2023
£ £
At 31 July 2024 the company was owed £164,917 from a subsidiary (2023 £90,832) 164,917 90,832