IRIS Accounts Production v24.3.2.46 06984326 Board of Directors 1.2.23 26.1.24 26.1.24 Buying and selling of own real estate and Other letting and operating of own or leased real estate. false true true false false true false Ordinary Share 1.00000 Ordinary Share 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh069843262023-01-31069843262024-01-26069843262023-02-012024-01-26069843262022-01-31069843262022-02-012023-01-31069843262023-01-3106984326ns15:EnglandWales2023-02-012024-01-2606984326ns14:PoundSterling2023-02-012024-01-2606984326ns10:Director12023-02-012024-01-2606984326ns10:PrivateLimitedCompanyLtd2023-02-012024-01-2606984326ns10:SmallEntities2023-02-012024-01-2606984326ns10:Audited2023-02-012024-01-2606984326ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-2606984326ns10:FullAccounts2023-02-012024-01-2606984326ns10:OrdinaryShareClass12023-02-012024-01-2606984326ns10:Director22023-02-012024-01-2606984326ns10:Director32023-02-012024-01-2606984326ns10:CompanySecretary12023-02-012024-01-2606984326ns10:RegisteredOffice2023-02-012024-01-2606984326ns5:CurrentFinancialInstruments2024-01-2606984326ns5:CurrentFinancialInstruments2023-01-3106984326ns5:Non-currentFinancialInstruments2024-01-2606984326ns5:Non-currentFinancialInstruments2023-01-3106984326ns5:ShareCapital2024-01-2606984326ns5:ShareCapital2023-01-3106984326ns5:RevaluationReserve2024-01-2606984326ns5:RevaluationReserve2023-01-3106984326ns5:RetainedEarningsAccumulatedLosses2024-01-2606984326ns5:RetainedEarningsAccumulatedLosses2023-01-3106984326ns5:ReportableOperatingSegment12023-02-012024-01-2606984326ns5:ReportableOperatingSegment12022-02-012023-01-3106984326ns5:TotalReportableOperatingSegmentsIncludingAnyUnallocatedAmount2023-02-012024-01-2606984326ns5:TotalReportableOperatingSegmentsIncludingAnyUnallocatedAmount2022-02-012023-01-3106984326ns5:OwnedAssets2023-02-012024-01-2606984326ns5:OwnedAssets2022-02-012023-01-3106984326ns5:LandBuildings2023-01-3106984326ns5:LongLeaseholdAssetsns5:LandBuildings2023-01-3106984326ns5:FurnitureFittings2023-01-3106984326ns5:LandBuildings2023-02-012024-01-2606984326ns5:LongLeaseholdAssetsns5:LandBuildings2023-02-012024-01-2606984326ns5:FurnitureFittings2023-02-012024-01-2606984326ns5:LandBuildings2024-01-2606984326ns5:LongLeaseholdAssetsns5:LandBuildings2024-01-2606984326ns5:FurnitureFittings2024-01-2606984326ns5:LandBuildings2023-01-3106984326ns5:LongLeaseholdAssetsns5:LandBuildings2023-01-3106984326ns5:FurnitureFittings2023-01-3106984326ns5:WithinOneYearns5:CurrentFinancialInstruments2024-01-2606984326ns5:WithinOneYearns5:CurrentFinancialInstruments2023-01-3106984326ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-01-2606984326ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-01-3106984326ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-01-2606984326ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-01-3106984326ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-01-2606984326ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-01-3106984326ns5:DeferredTaxation2023-01-3106984326ns5:DeferredTaxation2023-02-012024-01-2606984326ns5:DeferredTaxation2024-01-2606984326ns10:OrdinaryShareClass12024-01-2606984326ns5:RetainedEarningsAccumulatedLosses2023-01-3106984326ns5:RevaluationReserve2023-01-3106984326ns5:RetainedEarningsAccumulatedLosses2023-02-012024-01-260698432612023-02-012024-01-26
REGISTERED NUMBER: 06984326 (England and Wales)















Report of the Directors and

Financial Statements for the Period 1 February 2023 to 26 January 2024

for

Europride UK Investments Limited

Europride UK Investments Limited (Registered number: 06984326)






Contents of the Financial Statements
for the Period 1 February 2023 to 26 January 2024




Page

Company Information 1

Report of the Directors 2

Report of the Independent Auditors 3

Income Statement 7

Balance Sheet 8

Notes to the Financial Statements 9


Europride UK Investments Limited

Company Information
for the Period 1 February 2023 to 26 January 2024







DIRECTORS: Mr Sotiris Xeni
Mr Fedon Agathokleous
Mrs Ivoulla Xeni





SECRETARY: Mrs Christina Agathokleous





REGISTERED OFFICE: 36-38 Mortimer Steet
London
W1W 7RG





REGISTERED NUMBER: 06984326 (England and Wales)





AUDITORS: Chris Pantazis Ltd
10A Aldermans Hill
Palmers Green
London
N13 4PJ

Europride UK Investments Limited (Registered number: 06984326)

Report of the Directors
for the Period 1 February 2023 to 26 January 2024

The directors present their report with the financial statements of the company for the period 1 February 2023 to 26 January 2024.

DIVIDENDS
No interim dividend was paid during the period. The directors recommend a final dividend of £20,475 per share.

The total distribution of dividends for the period ended 26 January 2024 will be £ 20,475 .

EVENTS SINCE THE END OF THE PERIOD
Information relating to events since the end of the period is given in the notes to the financial statements.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 February 2023 to the date of this report.

Mr Sotiris Xeni
Mr Fedon Agathokleous
Mrs Ivoulla Xeni

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS
The auditors, Chris Pantazis Ltd, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





Mr Sotiris Xeni - Director


9 April 2025

Report of the Independent Auditors to the Members of
Europride UK Investments Limited (Registered number: 06984326)

Opinion
We have audited the financial statements of Europride UK Investments Limited (the 'company') for the period ended 26 January 2024 which comprise the Income Statement, Balance Sheet and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 26 January 2024 and of its profit for the period then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Report of the Directors has been prepared in accordance with applicable legal requirements.

Report of the Independent Auditors to the Members of
Europride UK Investments Limited (Registered number: 06984326)


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit; or
- the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemption from the requirement to prepare a Strategic Report.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page two, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Report of the Independent Auditors to the Members of
Europride UK Investments Limited (Registered number: 06984326)


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Discussions with and enquiries of management and those charged with governance were held with a view to identifying those laws and regulations that could be expected to have a material impact on the financial statements. During the engagement team briefing, the outcomes of these discussions and enquiries were shared with the team, as well as consideration as to where and how fraud may occur in the entity.

The following laws and regulations were identified as being of significance to the entity:

a) Those laws and regulations considered to have a direct effect on the financial statements include UK financial reporting standards, company law, tax and pensions legislation and distributable profits legislation; and
b) Those laws and regulations for which non-compliance may be fundamental to the operating aspects of the business and therefore may have a material effect on the financial statements include operating licence, environmental regulations, health and safety legislation.

Audit procedures undertaken in response to the potential risks relating to irregularities (which include fraud and non-compliance with laws and regulations) comprised of: inquiries of management and those charged with governance as to whether the entity complies with such laws and regulations; enquiries with the same concerning any actual or potential litigation or claims; inspection of relevant legal correspondence; review of board minutes; testing the appropriateness of journal entries; and the performance of analytical review to identify unexpected movements in account balances which may be indicative of fraud.

No instances of material non-compliance were identified. However, the likelihood of detecting irregularities, including fraud, is limited by the inherent difficulty in detecting irregularities, the effectiveness of the entity's controls, and the nature, timing and extent of the audit procedures performed. Irregularities that result from fraud might be inherently more difficult to detect than irregularities that result from error. As explained above, there is an unavoidable risk that material misstatements may not be detected, even though the audit has been planned and performed in accordance with ISAs (UK).

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Report of the Independent Auditors to the Members of
Europride UK Investments Limited (Registered number: 06984326)


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Chris Pantazis (Senior Statutory Auditor)
for and on behalf of Chris Pantazis Ltd
10A Aldermans Hill
Palmers Green
London
N13 4PJ

9 April 2025

Europride UK Investments Limited (Registered number: 06984326)

Income Statement
for the Period 1 February 2023 to 26 January 2024

Period
1.2.23
to Year Ended
26.1.24 31.1.23
Notes £    £   

TURNOVER 3 500,802 468,508

Cost of sales 152,907 171,192
GROSS PROFIT 347,895 297,316

Administrative expenses 15,125 18,907
332,770 278,409

Unrealised gain on revaluation
of property 4 681,850 240,000
OPERATING PROFIT 6 1,014,620 518,409


Interest payable and similar expenses 7 115,604 67,027
PROFIT BEFORE TAXATION 899,016 451,382

Tax on profit 8 222,278 98,466
PROFIT FOR THE FINANCIAL PERIOD 676,738 352,916

Europride UK Investments Limited (Registered number: 06984326)

Balance Sheet
26 January 2024

26.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 9 15,294,326 14,614,302

CURRENT ASSETS
Debtors 10 1,009,724 829,023
Cash at bank and in hand 6,413 6,590
1,016,137 835,613
CREDITORS
Amounts falling due within one year 11 6,170,219 6,155,037
NET CURRENT LIABILITIES (5,154,082 ) (5,319,424 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,140,244

9,294,878

CREDITORS
Amounts falling due after more than one year 12 (1,786,287 ) (1,767,647 )

PROVISIONS FOR LIABILITIES 14 (1,996,904 ) (1,826,441 )
NET ASSETS 6,357,053 5,700,790

CAPITAL AND RESERVES
Called up share capital 15 100 100
Revaluation reserve 16 4,508,847 4,508,847
Retained earnings 16 1,848,106 1,191,843
SHAREHOLDERS' FUNDS 6,357,053 5,700,790

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 9 April 2025 and were signed on its behalf by:





Mr Sotiris Xeni - Director


Europride UK Investments Limited (Registered number: 06984326)

Notes to the Financial Statements
for the Period 1 February 2023 to 26 January 2024

1. STATUTORY INFORMATION

Europride UK Investments Limited (registered number: 06984326), having its registered office and principal place of busniess at 36-38 Mortimer Street, London, England, W1W 7RG, is a private limited company incorporated in England and Wales.

2. ACCOUNTING POLICIES

2.1 Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies, and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland, and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2 Financial reporting standard 102: reduced disclosure exemptions
The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102, the Financial Reporting Standard applicable in the UK and republic of Ireland:

a) the requirements of Section 3: Financial Statement Presentation, paragraph 3.17(d);
b) the requirements of Section 7: Statement of Cash Flows;
c) the requirements of Section 33: Related Party Disclosures, paragraph 33.7.

This information is included in the consolidated financial statements of Europride Holdings Limited at 31 January 2024 and these financial statements may be obtained from the address given in Note 12.

2.3 Turnover

Turnover comprises rental and other property related income exclusive of Value Added Tax.

Turnover in respect of rental income, lease premiums, insurance and other recharges of property related expenditure is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding Value Added Tax.

2.4 Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Freehold property - Not depreciated (see note 2.9)
Long-term leasehold property - Not depreciated (see note 2.9)
Fixtures and fittings - 25% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Income and Retained Earnings.

Europride UK Investments Limited (Registered number: 06984326)

Notes to the Financial Statements - continued
for the Period 1 February 2023 to 26 January 2024

2. ACCOUNTING POLICIES - continued

2.6 Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, and loans to related parties.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

2.7 Taxation
Taxation for the period 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.

2.8 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 period 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.

Europride UK Investments Limited (Registered number: 06984326)

Notes to the Financial Statements - continued
for the Period 1 February 2023 to 26 January 2024

2. ACCOUNTING POLICIES - continued

2.9 Investment property
Investment property is carried at fair value, determined annually by the directors, on the basis of open market value for its current use. No depreciation is provided. Changes in fair value are recognised in the Statement of Income and Retained Earnings.

2.10 Debtors
Short-term debtors are measured at transaction price, less any impairment.

2.11 Cash
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

2.12 Creditors
Short-term creditors are measured at transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.13 Finance costs
Finance costs are charged to the Statement of Income and retained Earnings over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.14 Dividends
Equity dividends are recognised when they become legally payable. Interim dividends are recognised when paid. Final equity are recognised when approved by the shareholders at an annual general meeting. Dividends on shares recognised as liabilities as expenses and classified within interest payable.

2.15 Borrowing costs
All borrowing costs are recognised in the Statement of Income and Retained Earnings in the year in which they are incurred.

3. TURNOVER

The turnover and profit before taxation are attributable to the one principal activity of the company.

An analysis of turnover by class of business is given below:

Period
1.2.23
to Year Ended
26.1.24 31.1.23
£    £   
Investment property income 500,802 468,508
500,802 468,508

An analysis of turnover by geographical market is given below:

Period
1.2.23
to Year Ended
26.1.24 31.1.23
United Kingdom 100.00% 100.00%
100.00% 100.00%

Europride UK Investments Limited (Registered number: 06984326)

Notes to the Financial Statements - continued
for the Period 1 February 2023 to 26 January 2024

4. UNREALISED GAIN ON REVALUATION
OF PROPERTY
Period
1.2.23
to Year Ended
26.1.24 31.1.23
£    £   
Fair Value movements 681,850 240,000

5. EMPLOYEES AND DIRECTORS

The average number of employees during the period was as follows:
Period
1.2.23
to Year Ended
26.1.24 31.1.23

Directors 3 3

Period
1.2.23
to Year Ended
26.1.24 31.1.23
£    £   
Directors' remuneration - -

6. OPERATING PROFIT

The operating profit is stated after charging:

Period
1.2.23
to Year Ended
26.1.24 31.1.23
£    £   
Depreciation - owned assets 1,826 2,434

7. INTEREST PAYABLE AND SIMILAR EXPENSES
Period
1.2.23
to Year Ended
26.1.24 31.1.23
£    £   
Bank loan interest 115,604 67,027

Europride UK Investments Limited (Registered number: 06984326)

Notes to the Financial Statements - continued
for the Period 1 February 2023 to 26 January 2024

8. TAXATION

Analysis of the tax charge
The tax charge on the profit for the period was as follows:
Period
1.2.23
to Year Ended
26.1.24 31.1.23
£    £   
Current tax:
UK corporation tax 51,815 38,466

Deferred tax 170,463 60,000
Tax on profit 222,278 98,466

Reconciliation of total tax charge included in profit and loss
The tax assessed for the period is lower than the standard rate of corporation tax in the UK. The difference is explained below:

Period
1.2.23
to Year Ended
26.1.24 31.1.23
£    £   
Profit before tax 899,016 451,382
Profit multiplied by the standard rate of corporation tax in the UK of 25%
(2023 - 19%)

224,754

85,763

Effects of:
Income not taxable for tax purposes (129,551 ) (45,600 )
Capital allowances in excess of depreciation (1,826 ) (1,697 )
Deferred Tax 170,462 60,000
Less Marginal Tax Relief (41,561 ) -
Total tax charge 222,278 98,466

Europride UK Investments Limited (Registered number: 06984326)

Notes to the Financial Statements - continued
for the Period 1 February 2023 to 26 January 2024

9. TANGIBLE FIXED ASSETS
Freehold Leasehold Fixtures
investment investment and
property property fittings Totals
£    £    £    £   
COST OR VALUATION
At 1 February 2023 10,855,359 3,751,641 14,384 14,621,384
Revaluations 243,491 438,359 - 681,850
At 26 January 2024 11,098,850 4,190,000 14,384 15,303,234
DEPRECIATION
At 1 February 2023 - - 7,082 7,082
Charge for period - - 1,826 1,826
At 26 January 2024 - - 8,908 8,908
NET BOOK VALUE
At 26 January 2024 11,098,850 4,190,000 5,476 15,294,326
At 31 January 2023 10,855,359 3,751,641 7,302 14,614,302

Cost or valuation at 26 January 2024 is represented by:

Freehold Leasehold Fixtures
investment investment and
property property fittings Totals
£    £    £    £   
Valuation in 2024 243,491 438,359 - 681,850
Valuation in 2023 178,359 61,641 - 240,000
Cost 10,677,000 3,690,000 14,384 14,381,384
11,098,850 4,190,000 14,384 15,303,234

10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
26.1.24 31.1.23
£    £   
Trade debtors 2,602 26,650
Amounts owed by group undertakings 580,000 610,000
Other debtors 425,373 192,373
Prepayments and accrued income 1,749 -
1,009,724 829,023

Europride UK Investments Limited (Registered number: 06984326)

Notes to the Financial Statements - continued
for the Period 1 February 2023 to 26 January 2024

11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
26.1.24 31.1.23
£    £   
Bank loans and overdrafts 10,648 10,648
Trade creditors 841 4,117
Amounts owed to group undertakings 6,030,255 6,043,755
Tax 90,281 57,366
Other creditors 3,602 3,600
Directors' current accounts - 8,538
Accruals and deferred income 34,592 27,013
6,170,219 6,155,037

12. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
26.1.24 31.1.23
£    £   
Bank loans 1-2 years 9,808 9,808
Bank loans 2-5 years 17,625 27,433
Bank loans more 5 yr by instal 1,758,854 1,730,406
1,786,287 1,767,647

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,758,854 1,730,406

13. SECURED DEBTS

Details of Charge:

Date: 07/06/2024
Charge code: 0698 4326 0040
Persons entitled: Investec Bank PLC

Brief description:
Leasehold property known as 28 appledore crescent, sidcup and garage, DA14 6RQ. And. X15 other property titles as detailed in schedule 1 of the enclosed deed.
Contains fixed charge.
Contains negative pledge.

14. PROVISIONS FOR LIABILITIES
26.1.24 31.1.23
£    £   
Deferred tax
At begining of year 1,826,441 1,826,441
Charged to profit or loss 170,463 -
1,996,904 1,826,441

Europride UK Investments Limited (Registered number: 06984326)

Notes to the Financial Statements - continued
for the Period 1 February 2023 to 26 January 2024

14. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 February 2023 1,826,441
Provided during period 170,463
Balance at 26 January 2024 1,996,904

15. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 26.1.24 31.1.23
value: £    £   
100 Ordinary Share £1.00 100 100

16. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 February 2023 1,191,843 4,508,847 5,700,690
Profit for the period 676,738 676,738
Dividends (20,475 ) (20,475 )
At 26 January 2024 1,848,106 4,508,847 6,356,953

17. POST BALANCE SHEET EVENTS

On 20 September 2024, subsequent to the balance sheet date, Europride Ltd transferred its ownership of 1,201,022 ordinary shares in Nobody's Child Limited to Europride UK Investments Limited for a consideration of £1,100,000.

This transaction occurred between entities under common control, as both Europride Ltd and Europride UK Investments Limited are 100% owned subsidiaries of Europride Holdings Ltd. The transfer represents a group restructuring with no impact on the consolidated financial statements of Europride Holdings Ltd. The consideration received has been accounted for in accordance with the group’s accounting policies.

Management has assessed this event and determined it to be a non-adjusting post-balance sheet event. Accordingly, no adjustments have been made to the financial statements of Europride Ltd for the year ended 31 January 2024.

18. TRANSFER OF ARTWORK

On 6 September 2024, subsequent to the balance sheet date, Europride Ltd transferred ownership of an artwork asset to Europride UK Investments Limited for a consideration of £300,000. This transfer is part of an internal restructuring within the Europride Group, as both entities are 100% owned subsidiaries of Europride Holdings Ltd.

Europride UK Investments Limited (Registered number: 06984326)

Notes to the Financial Statements - continued
for the Period 1 February 2023 to 26 January 2024

19. IMMEDIATE AND ULTIMATE PARENT UNDERTAKING

The Company's immediate and ultimate parent undertaking at 31 January 2024 and 31 January 2023, by virtue of its shareholding in the Company, was Europride Holdings Limited, a company incorporated in the United Kingdom.
The group in which the results of the Company are consolidated is headed by Europride Holdings Limited. The consolidated accounts of this company are available to the public and may be obtained from:

36-38 Mortimer Street
London
W1W 7RG