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Registration number: 10829179

EURO STAR ESTATES LTD

Annual Report and Unaudited Financial Statements

for the Year Ended 30 June 2024

 

EURO STAR ESTATES LTD

Contents

Company Information

1

Directors' Report

2

Profit and Loss Account

3

Statement of Comprehensive Income

4

Balance Sheet

5

Statement of Changes in Equity

6

Notes to the Unaudited Financial Statements

7 to 10

 

EURO STAR ESTATES LTD

Company Information

Directors

Woodford Directors Limited

Ms Andreea Ecaterina Mocanu

Registered office

3 The Shrubberies
George Lane
London
E18 1BD

Accountants

ACCOUNTING 2 TREND LTD
3 The Shrubberies
George Lane
London
E18 1BD

 

EURO STAR ESTATES LTD

Directors' Report for the Year Ended 30 June 2024

The directors present their report and the financial statements for the year ended 30 June 2024.

Directors of the company

The directors who held office during the year were as follows:

Woodford Directors Limited

Ms Andreea Ecaterina Mocanu

Principal activity

The principal activity of the company is that of an investment holding company.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 3 March 2025 and signed on its behalf by:
 

.........................................
Ms Andreea Ecaterina Mocanu
Director

 

EURO STAR ESTATES LTD

Profit and Loss Account for the Year Ended 30 June 2024

Note

2024
£

2023
£

Turnover

 

-

-

Gross profit/(loss)

 

-

-

Administrative expenses

 

(5,297)

(8,194)

Operating loss

 

(5,297)

(8,194)

Interest payable and similar expenses

 

(206)

331

Loss before tax

(5,503)

(7,863)

Loss for the financial year

 

(5,503)

(7,863)

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

EURO STAR ESTATES LTD

Statement of Comprehensive Income for the Year Ended 30 June 2024

2024
£

2023
£

Loss for the year

(5,503)

(7,863)

Total comprehensive income for the year

(5,503)

(7,863)

 

EURO STAR ESTATES LTD

(Registration number: 10829179)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Investments

4

54,698

54,698

Current assets

 

Cash at bank and in hand

 

7,664

4,606

Creditors: Amounts falling due within one year

5

(145,904)

(137,343)

Net current liabilities

 

(138,240)

(132,737)

Net liabilities

 

(83,542)

(78,039)

Capital and reserves

 

Called up share capital

6

1

1

Retained earnings

(83,543)

(78,040)

Shareholders' deficit

 

(83,542)

(78,039)

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 3 March 2025 and signed on its behalf by:
 

.........................................
Ms Andreea Ecaterina Mocanu
Director

 

EURO STAR ESTATES LTD

Statement of Changes in Equity for the Year Ended 30 June 2024

Share capital
£

Retained earnings
£

Total
£

At 1 July 2023

1

(78,040)

(78,039)

Loss for the year

-

(5,503)

(5,503)

At 30 June 2024

1

(83,543)

(83,542)

Share capital
£

Retained earnings
£

Total
£

At 1 July 2022

1

(70,177)

(70,176)

Loss for the year

-

(7,863)

(7,863)

At 30 June 2023

1

(78,040)

(78,039)

 

EURO STAR ESTATES LTD

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
3 The Shrubberies
George Lane
London
E18 1BD
United Kingdom

These financial statements were authorised for issue by the Board on 3 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

 

EURO STAR ESTATES LTD

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2023 - 1).

4

Investments

2024
£

2023
£

Investments in subsidiaries

54,698

54,698

 

EURO STAR ESTATES LTD

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Subsidiaries

£

Cost or valuation

At 1 July 2023

54,698

Provision

Carrying amount

At 30 June 2024

54,698

At 30 June 2023

54,698

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

     

2024

2023

Subsidiary undertakings

Euro Star Empreendimentos Imobiliarios E Industriais Ltda

328 Vila Mariana, Sao Paulo
04.119-001

Ordinary shares

100%

100%

 

Brasil

     

Euro Empreendimentos Hoteleiros E Turisticos Ltda

328 Vila Mariana, Sao Paulo
04.119-001

Ordinary shares

100%

100%

 

Brasil

     

Subsidiary undertakings

Euro Star Empreendimentos Imobiliarios E Industriais Ltda

The principal activity of Euro Star Empreendimentos Imobiliarios E Industriais Ltda is that of a property developer.

Euro Empreendimentos Hoteleiros E Turisticos Ltda

The principal activity of Euro Empreendimentos Hoteleiros E Turisticos Ltda is that of a property and hotels developer.

 

EURO STAR ESTATES LTD

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Other creditors

145,904

137,343

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

1

1

1

1

       

7

Related party transactions

Loans from related parties

2024

Other related parties
£

Total
£

At start of period

137,343

137,343

Advanced

8,561

8,561

At end of period

145,904

145,904

2023

Other related parties
£

Total
£

At start of period

133,643

133,643

Advanced

3,700

3,700

At end of period

137,343

137,343

Terms of loans from related parties

Shareholder's loan, no interest bearing