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REGISTERED NUMBER: 04082562 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

EUROWORLD PROPERTIES LTD

EUROWORLD PROPERTIES LTD (REGISTERED NUMBER: 04082562)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EUROWORLD PROPERTIES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTOR: Mr M Karachristou





REGISTERED OFFICE: Solar House
282 Chase Road
London
N14 6NZ





REGISTERED NUMBER: 04082562 (England and Wales)





ACCOUNTANTS: Freemans Partnership LLP
Chartered Certified Accountants
Solar House
282 Chase Road
London
N14 6NZ

EUROWORLD PROPERTIES LTD (REGISTERED NUMBER: 04082562)

BALANCE SHEET
31 OCTOBER 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,574 2,616
Investment property 5 1,688,784 1,688,784
1,691,358 1,691,400

CURRENT ASSETS
Debtors 6 314,252 315,334
Cash at bank and in hand 33,046 54,630
347,298 369,964
CREDITORS
Amounts falling due within one year 7 252,470 594,880
NET CURRENT ASSETS/(LIABILITIES) 94,828 (224,916 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,786,186

1,466,484

CREDITORS
Amounts falling due after more than one
year

8

(1,160,392

)

(849,500

)

PROVISIONS FOR LIABILITIES 11 (40,691 ) (40,691 )
NET ASSETS 585,103 576,293

CAPITAL AND RESERVES
Called up share capital 12 2 2
Fair value reserve 298,166 298,166
Retained earnings 286,935 278,125
SHAREHOLDERS' FUNDS 585,103 576,293

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

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

EUROWORLD PROPERTIES LTD (REGISTERED NUMBER: 04082562)

BALANCE SHEET - continued
31 OCTOBER 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 11 March 2025 and were signed by:





Mr M Karachristou - Director


EUROWORLD PROPERTIES LTD (REGISTERED NUMBER: 04082562)

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


1. STATUTORY INFORMATION

Euroworld Properties 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents amounts derived from rents charged to tenants during the year, and is recognised at the date the rental period occurred. This is stated after trade discounts 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.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% 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.

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 or deferred taxation assets and liabilities are not discounted.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

EUROWORLD PROPERTIES LTD (REGISTERED NUMBER: 04082562)

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


4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 November 2023 13,623 - 13,623
Additions - 816 816
At 31 October 2024 13,623 816 14,439
DEPRECIATION
At 1 November 2023 11,007 - 11,007
Charge for year 654 204 858
At 31 October 2024 11,661 204 11,865
NET BOOK VALUE
At 31 October 2024 1,962 612 2,574
At 31 October 2023 2,616 - 2,616

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2023
and 31 October 2024 1,688,784
NET BOOK VALUE
At 31 October 2024 1,688,784
At 31 October 2023 1,688,784

Fair value at 31 October 2024 is represented by:
£   
Valuation in 2017 338,857
Cost 1,349,927
1,688,784

As at year end, the directors deem the investment properties to be held at market value.

EUROWORLD PROPERTIES LTD (REGISTERED NUMBER: 04082562)

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


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 3,266 4,441
Other debtors 890 890
Amounts due from related
company 308,801 308,801
Prepayments 1,295 1,202
314,252 315,334

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans and overdrafts (see note 9) 24,258 11,000
Trade creditors 1,325 966
Corporation tax payable 1,849 7,585
Director`s loan accounts 223,718 574,009
Accrued expenses 1,320 1,320
252,470 594,880

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.24 31.10.23
£    £   
Bank loans (see note 9) 1,160,392 849,500

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,062,609 805,500

9. LOANS

An analysis of the maturity of loans is given below:

31.10.24 31.10.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 24,258 11,000

Amounts falling due between one and two years:
Bank loans - 1-2 years 24,258 11,000

Amounts falling due between two and five years:
Bank loans 2-5 years 73,525 33,000

EUROWORLD PROPERTIES LTD (REGISTERED NUMBER: 04082562)

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


9. LOANS - continued
31.10.24 31.10.23
£    £   
Amounts falling due in more than five years:
Repayable by instalments
Bank loans more 5 yr by instal 1,062,609 805,500

10. SECURED DEBTS

The following secured debts are included within creditors:

31.10.24 31.10.23
£    £   
Bank loans 1,184,650 860,500



The bank loans are secured by a first legal charge over the freehold and leasehold properties of the company.

11. PROVISIONS FOR LIABILITIES
31.10.24 31.10.23
£    £   
Deferred tax 40,691 40,691

Deferred
tax
£   
Balance at 1 November 2023 40,691
Balance at 31 October 2024 40,691

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.24 31.10.23
value: £    £   
2 Ordinary £1 2 2

13. CONTROL

The director controls the company as a result of controlling 100 per cent of the issued ordinary share capital