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REGISTERED NUMBER: 01777251 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

EURO-ASIAN BUSINESS CONSULTANCY LTD

EURO-ASIAN BUSINESS CONSULTANCY LTD (REGISTERED NUMBER: 01777251)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EURO-ASIAN BUSINESS CONSULTANCY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 March 2024







DIRECTORS: Dr J M Tough
Dr A R Michell





SECRETARY: Dr J M Tough





REGISTERED OFFICE: Horseshoes
Griggs Green
Liphook
Hampshire
GU30 7PD





REGISTERED NUMBER: 01777251 (England and Wales)





ACCOUNTANTS: Traviss & Co Ltd
Chartered Certified Accountants
Newtown House
38 Newtown Road
Liphook
Hampshire
GU30 7DX

EURO-ASIAN BUSINESS CONSULTANCY LTD (REGISTERED NUMBER: 01777251)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1 1
Investments 5 25,113 25,113
25,114 25,114

CURRENT ASSETS
Debtors 6 807,511 813,894
Cash at bank 435 3
807,946 813,897
CREDITORS
Amounts falling due within one year 7 866,872 862,391
NET CURRENT LIABILITIES (58,926 ) (48,494 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(33,812

)

(23,380

)

CAPITAL AND RESERVES
Called up share capital 112,412 112,412
Retained earnings (146,224 ) (135,792 )
SHAREHOLDERS' FUNDS (33,812 ) (23,380 )

EURO-ASIAN BUSINESS CONSULTANCY LTD (REGISTERED NUMBER: 01777251)

BALANCE SHEET - continued
31 March 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 4 December 2024 and were signed on its behalf by:





Dr J M Tough - Director


EURO-ASIAN BUSINESS CONSULTANCY LTD (REGISTERED NUMBER: 01777251)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2024


1. STATUTORY INFORMATION

Euro-Asian Business Consultancy 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.

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.

The company has net current liabilities and negative reserves and shareholders funds at the balance sheet date. To fund these negative reserves the company is reliant on the continued support of the directors for loans that will not be called for repayment. The financial statements have been prepared on the basis that this support will continue.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

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

EURO-ASIAN BUSINESS CONSULTANCY LTD (REGISTERED NUMBER: 01777251)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 March 2024


4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 April 2023
and 31 March 2024 833
DEPRECIATION
At 1 April 2023
and 31 March 2024 832
NET BOOK VALUE
At 31 March 2024 1
At 31 March 2023 1

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 25,113
NET BOOK VALUE
At 31 March 2024 25,113
At 31 March 2023 25,113

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 128,124 134,520
Amounts owed by group undertakings 679,387 679,374
807,511 813,894

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 101,042 101,781
Taxation and social security 1,563 1,164
Other creditors 764,267 759,446
866,872 862,391