2 2 Eurohouse Limited 01733868 false 2023-10-01 2024-09-30 2024-09-30 The principal activity of the company is that of property development, sales and rental. Digita Accounts Production Advanced 6.30.9574.0 true 01733868 2023-10-01 2024-09-30 01733868 2024-09-30 01733868 bus:OrdinaryShareClass2 2024-09-30 01733868 core:CurrentFinancialInstruments 2024-09-30 01733868 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 01733868 bus:SmallEntities 2023-10-01 2024-09-30 01733868 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 01733868 bus:FilletedAccounts 2023-10-01 2024-09-30 01733868 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 01733868 bus:RegisteredOffice 2023-10-01 2024-09-30 01733868 bus:CompanySecretaryDirector1 2023-10-01 2024-09-30 01733868 bus:Director1 2023-10-01 2024-09-30 01733868 bus:OrdinaryShareClass1 2023-10-01 2024-09-30 01733868 bus:OrdinaryShareClass2 2023-10-01 2024-09-30 01733868 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 01733868 bus:Agent1 2023-10-01 2024-09-30 01733868 core:LandBuildings 2023-10-01 2024-09-30 01733868 countries:AllCountries 2023-10-01 2024-09-30 01733868 2023-09-30 01733868 2022-10-01 2023-09-30 01733868 2023-09-30 01733868 bus:OrdinaryShareClass2 2023-09-30 01733868 core:CurrentFinancialInstruments 2023-09-30 01733868 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 01733868 bus:OrdinaryShareClass1 2022-10-01 2023-09-30 xbrli:pure iso4217:GBP xbrli:shares

Registration number: 01733868

Eurohouse Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

 

Eurohouse Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Eurohouse Limited

Company Information

Directors

Mr S R N Parker

Mrs V E A Parker

Company secretary

Mrs V E A Parker

Registered office

The Old Bank
The Plain
Goudhurst
Cranbrook
Kent
TN17 1AD

Accountants

Charter Tax Consulting Limited 8th Floor
1 Southampton Street
London
WC2R 0LR

 

Eurohouse Limited

(Registration number: 01733868)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Investment property

4

520,000

520,000

Current assets

 

Stocks

5

535,388

535,388

Debtors

6

7,132

3,551

Cash at bank and in hand

 

171,445

176,407

 

713,965

715,346

Creditors: Amounts falling due within one year

7

(7,194)

(4,887)

Net current assets

 

706,771

710,459

Net assets

 

1,226,771

1,230,459

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

1,226,671

1,230,359

Shareholders' funds

 

1,226,771

1,230,459

For the financial year ending 30 September 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 20 March 2025 and signed on its behalf by:
 

Mrs V E A Parker
Company secretary and director

   
     
 

Eurohouse Limited

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

1

General information

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

The address of its registered office is:
The Old Bank
The Plain
Goudhurst
Cranbrook
Kent
TN17 1AD

These financial statements were authorised for issue by the Board on 20 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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of land and property as well as the provision of rental business income in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Eurohouse Limited

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

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Depreciation

Asset class

Depreciation method and rate

Land and buildings freehold

No depreciation is provided

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

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 debtors

Trade debtors are amounts due from customers for the sale of land and property as well as the provision of rental business income in the ordinary course of the company’s activities.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. The company’s stock consists of properties held for trading that require refurbishment or further development before they are sold.

The cost of the work in progress comprises the initial purchase cost, direct materials, direct labour costs and those overheads that have been incurred in bringing the inventories to their present condition. At each reporting date, the properties are assessed for impairment. If properties are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

Eurohouse Limited

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

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

4

Investment properties

2024
£

At 1 October

520,000

At 30 September

520,000

There has been no valuation of investment property by an independent valuer.

5

Stocks

2024
£

2023
£

Work in progress

535,388

535,388

6

Debtors

 

Eurohouse Limited

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

Current

2024
£

2023
£

Trade debtors

3,168

556

Prepayments

2,964

2,559

Other debtors

1,000

436

 

7,132

3,551

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

1,307

2,161

Taxation and social security

3,431

-

Accruals and deferred income

2,217

2,162

Other creditors

239

564

7,194

4,887

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary Shares of £1 each

100

100

100

100

       

9

Dividends

Interim dividends paid

2024
£

2023
£

Interim dividend of £200.00 (2023 - £Nil) per each £1 Ordinary share

20,000

-