Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-3122023-04-01falseNo description of principal activity2falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11004474 2023-04-01 2024-03-31 11004474 2022-04-01 2023-03-31 11004474 2024-03-31 11004474 2023-03-31 11004474 c:Director1 2023-04-01 2024-03-31 11004474 d:OfficeEquipment 2023-04-01 2024-03-31 11004474 d:OfficeEquipment 2024-03-31 11004474 d:OfficeEquipment 2023-03-31 11004474 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 11004474 d:FreeholdInvestmentProperty 2024-03-31 11004474 d:FreeholdInvestmentProperty 2023-03-31 11004474 d:CurrentFinancialInstruments 2024-03-31 11004474 d:CurrentFinancialInstruments 2023-03-31 11004474 d:Non-currentFinancialInstruments 2024-03-31 11004474 d:Non-currentFinancialInstruments 2023-03-31 11004474 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 11004474 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 11004474 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 11004474 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 11004474 d:ShareCapital 2024-03-31 11004474 d:ShareCapital 2023-03-31 11004474 d:RetainedEarningsAccumulatedLosses 2024-03-31 11004474 d:RetainedEarningsAccumulatedLosses 2023-03-31 11004474 c:FRS102 2023-04-01 2024-03-31 11004474 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 11004474 c:FullAccounts 2023-04-01 2024-03-31 11004474 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11004474 2 2023-04-01 2024-03-31 11004474 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 11004474










EURO-ASIAN PRIVATE LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
EURO-ASIAN PRIVATE LIMITED
REGISTERED NUMBER: 11004474

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
-
806

Investment property
 5 
285,225
285,225

  
285,225
286,031

Current assets
  

Debtors: amounts falling due within one year
 6 
519
519

Cash at bank and in hand
  
18,432
21,252

  
18,951
21,771

Creditors: amounts falling due within one year
 7 
(4,927)
(7,479)

Net current assets
  
 
 
14,024
 
 
14,292

Total assets less current liabilities
  
299,249
300,323

Creditors: amounts falling due after more than one year
 8 
(171,504)
(171,465)

  

Net assets
  
127,745
128,858


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
127,645
128,758

  
127,745
128,858


Page 1

 
EURO-ASIAN PRIVATE LIMITED
REGISTERED NUMBER: 11004474
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the income statement in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Dr S Wawdhane
Director

Date: 27 November 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
EURO-ASIAN PRIVATE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Euro-Asian Private Limited is a private company limited by shares and incorporated in England and Wales, registration number 11004474. The registered office is 8 The Courtyard, Wyncolls Road, Severalls Industrial Park, Colchester, Essex, CO4 9PE. 
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £. 
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
EURO-ASIAN PRIVATE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
50%
Straight line method

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
EURO-ASIAN PRIVATE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average number of employees in the year was 2. (2023: 2) 


4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 April 2023
4,350



At 31 March 2024

4,350



Depreciation


At 1 April 2023
3,544


Charge for the year on owned assets
806



At 31 March 2024

4,350



Net book value



At 31 March 2024
-



At 31 March 2023
806

Page 5

 
EURO-ASIAN PRIVATE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Investment property


Freehold investment property

£



Valuation


At 1 April 2023
285,225



At 31 March 2024
285,225

The directors do not consider the value as different to cost.





6.


Debtors

2024
2023
£
£


Other debtors
519
519

519
519



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
72
103

Corporation tax
446
907

Other creditors
2,759
5,029

Accruals
1,650
1,440

4,927
7,479


Page 6

 
EURO-ASIAN PRIVATE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Mortgage
171,504
171,465

171,504
171,465


The mortgage is secured by a fixed charge against the investment property.

 
Page 7