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REGISTERED NUMBER: 03165346 (England and Wales)



















EUROGRAND LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024






EUROGRAND LIMITED (REGISTERED NUMBER: 03165346)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


EUROGRAND LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: Mr A Frankl
Mrs R Frankl





SECRETARY: Mrs R Frankl





REGISTERED OFFICE: First Floor
94 Stamford Hill
London
N16 6XS





REGISTERED NUMBER: 03165346 (England and Wales)





ACCOUNTANTS: Sugarwhite Meyer Accountants Ltd
First Floor
94 Stamford Hill
London
N16 6XS

EUROGRAND LIMITED (REGISTERED NUMBER: 03165346)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 5 150,000 150,000

CURRENT ASSETS
Debtors 6 139,244 149,767
Cash at bank 19,055 58,744
158,299 208,511
CREDITORS
Amounts falling due within one year 7 122,376 148,488
NET CURRENT ASSETS 35,923 60,023
TOTAL ASSETS LESS CURRENT
LIABILITIES

185,923

210,023

CREDITORS
Amounts falling due after more than one
year

8

(55,386

)

(69,834

)

PROVISIONS FOR LIABILITIES 10 (27,908 ) (27,908 )
NET ASSETS 102,629 112,281

CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 101,000 101,000
Retained earnings 1,627 11,279
SHAREHOLDERS' FUNDS 102,629 112,281

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

EUROGRAND LIMITED (REGISTERED NUMBER: 03165346)

BALANCE SHEET - continued
30 JUNE 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 March 2025 and were signed on its behalf by:





Mr A Frankl - Director


EUROGRAND LIMITED (REGISTERED NUMBER: 03165346)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Eurogrand 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.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared on the historical cost basis, as modified to include investment properties measured at fair value through profit or loss.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. The estimates and underlying assumptions are reviewed on an ongoing basis.

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

Investment property
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recorded at cost, which includes purchase price and any directly attributable expenditure.

Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

EUROGRAND LIMITED (REGISTERED NUMBER: 03165346)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023
and 30 June 2024 150,000
NET BOOK VALUE
At 30 June 2024 150,000
At 30 June 2023 150,000

The fair value of the investment properties has been arrived at on the basis of a valuation carried out by the company's directors who are considered to have the experience and expertise required to undertake such an exercise. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties in the same location.

The historical cost of investment properties at 30 June 2024 is £21,092.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,946 2,658
Other debtors 136,298 147,109
139,244 149,767

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 14,634 14,820
Trade creditors 43,589 40,233
Taxation and social security 59,516 58,268
Other creditors 4,637 35,167
122,376 148,488

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 55,386 69,834

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years by
instalments

25,183

28,887

EUROGRAND LIMITED (REGISTERED NUMBER: 03165346)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 70,020 84,654

The bank loan is secured by a legal charge over the company's investment property.

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 27,908 27,908

Deferred
tax
£   
Balance at 1 July 2023 27,908
Balance at 30 June 2024 27,908

Deferred tax arises from the revaluation of investment properties.

11. RELATED PARTY DISCLOSURES

Other debtors include amounts aggregating £46,756 (2023: £46,756) due from a related company under common control.

Trade creditors include amounts aggregating £40,647 (2023: £34,347) due to a related company under common control.

Management fees payable to a related company during the year amounted to £7,000 (2023: £6,305).