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REGISTERED NUMBER: 04671091 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

EURORIDGE LTD

EURORIDGE LTD (REGISTERED NUMBER: 04671091)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


EURORIDGE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTOR: J M Dreyfuss





SECRETARY: J Silver





REGISTERED OFFICE: 32 Castlewood Road
London
N16 6DW





REGISTERED NUMBER: 04671091 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

EURORIDGE LTD (REGISTERED NUMBER: 04671091)

STATEMENT OF FINANCIAL POSITION
29 FEBRUARY 2024

29.2.24 28.2.23
Notes £    £   
FIXED ASSETS
Tangible assets 5 1,938 2,280
Investment property 6 756,502 756,502
758,440 758,782

CURRENT ASSETS
Debtors 7 - 62,572

CREDITORS
Amounts falling due within one year 8 (933,553 ) (995,746 )
NET CURRENT LIABILITIES (933,553 ) (933,174 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(175,113

)

(174,392

)

CREDITORS
Amounts falling due after more than one
year

9

(522,372

)

(522,372

)
NET LIABILITIES (697,485 ) (696,764 )

CAPITAL AND RESERVES
Called up share capital 11 1 1
Retained earnings 12 (697,486 ) (696,765 )
SHAREHOLDERS' FUNDS (697,485 ) (696,764 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

EURORIDGE LTD (REGISTERED NUMBER: 04671091)

STATEMENT OF FINANCIAL POSITION - continued
29 FEBRUARY 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 November 2024 and were signed by:





J M Dreyfuss - Director


EURORIDGE LTD (REGISTERED NUMBER: 04671091)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

Euroridge 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 (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention except for the assets and liabilities which are required by FRS 102 to be stated at fair value.

Turnover
Turnover represents net rent receivable, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

4. EMPLOYEES AND DIRECTORS

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

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 March 2023
and 29 February 2024 21,155
DEPRECIATION
At 1 March 2023 18,875
Charge for year 342
At 29 February 2024 19,217
NET BOOK VALUE
At 29 February 2024 1,938
At 28 February 2023 2,280

EURORIDGE LTD (REGISTERED NUMBER: 04671091)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023
and 29 February 2024 756,502
NET BOOK VALUE
At 29 February 2024 756,502
At 28 February 2023 756,502

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors - 3,469
Other debtors - 59,103
- 62,572

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Other creditors 933,553 995,746

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans 522,372 522,372

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 522,372 522,372

10. SECURED DEBTS

The following secured debts are included within creditors:

29.2.24 28.2.23
£    £   
Bank loans 522,372 522,372

The bank loans are secured by a first charge over the company's investment properties and bear interest at variable rates.

EURORIDGE LTD (REGISTERED NUMBER: 04671091)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
1 Ordinary £1 1 1

12. RESERVES
Retained
earnings
£   

At 1 March 2023 (696,765 )
Deficit for the year (721 )
At 29 February 2024 (697,486 )

13. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs Rivka Dreyfuss.