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REGISTERED NUMBER: 03964500 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

EUROPE BUSINESS ASSEMBLY LIMITED

EUROPE BUSINESS ASSEMBLY LIMITED (REGISTERED NUMBER: 03964500)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EUROPE BUSINESS ASSEMBLY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTOR: Mr I Savvov





REGISTERED OFFICE: 2 Woodins Way
Oxford
OX1 1HF





REGISTERED NUMBER: 03964500 (England and Wales)





ACCOUNTANTS: Bronsens
Chartered Certified Accountants
Eden House
Two Rivers Business Park
Witney
Oxfordshire
OX28 4BL

EUROPE BUSINESS ASSEMBLY LIMITED (REGISTERED NUMBER: 03964500)

BALANCE SHEET
31 AUGUST 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 764,991 765,650
Investment property 5 1,546,633 1,546,633
2,311,624 2,312,283

CURRENT ASSETS
Debtors 6 15,859 16,347
Cash at bank 43,615 22,457
59,474 38,804
CREDITORS
Amounts falling due within one year 7 123,511 118,635
NET CURRENT LIABILITIES (64,037 ) (79,831 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,247,587

2,232,452

PROVISIONS FOR LIABILITIES 266 391
NET ASSETS 2,247,321 2,232,061

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Revaluation reserve 91,259 91,259
Retained earnings 2,155,062 2,139,802
SHAREHOLDERS' FUNDS 2,247,321 2,232,061

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

EUROPE BUSINESS ASSEMBLY LIMITED (REGISTERED NUMBER: 03964500)

BALANCE SHEET - continued
31 AUGUST 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 17 February 2025 and were signed by:





Mr I Savvov - Director


EUROPE BUSINESS ASSEMBLY LIMITED (REGISTERED NUMBER: 03964500)

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

1. STATUTORY INFORMATION

Europe Business Assembly Limited 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. 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost and 10% on reducing balance
Computer equipment - 33% on reducing balance and 20% on cost

Freehold property is depreciated over its estimated useful life of 50 years. However, in the opinion of the directors the residual value of the freehold property after 50 years is not materially different to the current value, and therefore no depreciation has been provided.

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.

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 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.

EUROPE BUSINESS ASSEMBLY LIMITED (REGISTERED NUMBER: 03964500)

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

2. ACCOUNTING POLICIES - continued

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).

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 September 2023
and 31 August 2024 763,591 10,775 69,912 34,216 878,494
DEPRECIATION
At 1 September 2023 - 10,775 69,342 32,727 112,844
Charge for year - - 244 415 659
At 31 August 2024 - 10,775 69,586 33,142 113,503
NET BOOK VALUE
At 31 August 2024 763,591 - 326 1,074 764,991
At 31 August 2023 763,591 - 570 1,489 765,650

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023
and 31 August 2024 1,546,633
NET BOOK VALUE
At 31 August 2024 1,546,633
At 31 August 2023 1,546,633

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Other debtors - 3,458
VAT 1,212 834
Prepayments 14,647 12,055
15,859 16,347

EUROPE BUSINESS ASSEMBLY LIMITED (REGISTERED NUMBER: 03964500)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 1,225 294
Tax 4,291 724
Other creditors 112,128 112,128
Directors' current accounts 343 160
Income received in advance 3,124 2,431
Accrued expenses 2,400 2,898
123,511 118,635

8. ULTIMATE CONTROLLING PARTY

The company is under the control of Mr. I. Savvov by virtue of his controlling shareholding.