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REGISTERED NUMBER: 03831984 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

EUROPEAK PROPERTIES LTD

EUROPEAK PROPERTIES LTD (REGISTERED NUMBER: 03831984)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


EUROPEAK PROPERTIES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: Mrs R Dreyfuss
J M Dreyfuss





REGISTERED OFFICE: 99 Clapton Common
London
E5 9AB





REGISTERED NUMBER: 03831984 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

EUROPEAK PROPERTIES LTD (REGISTERED NUMBER: 03831984)

STATEMENT OF FINANCIAL POSITION
31 AUGUST 2024

31.8.24 31.8.23
Notes £    £   
FIXED ASSETS
Tangible assets 5 2,352 2,767
Investment property 6 1,080,000 1,080,000
1,082,352 1,082,767

CURRENT ASSETS
Debtors 7 944,300 755,731
Cash at bank 53,979 204,327
998,279 960,058
CREDITORS
Amounts falling due within one year 8 (843,761 ) (768,431 )
NET CURRENT ASSETS 154,518 191,627
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,236,870

1,274,394

CREDITORS
Amounts falling due after more than one
year

9

(826,202

)

(826,202

)

PROVISIONS FOR LIABILITIES (42,252 ) (42,252 )
NET ASSETS 368,416 405,940

CAPITAL AND RESERVES
Called up share capital 11 1 1
Revaluation reserve 12 714,438 714,438
Retained earnings 12 (346,023 ) (308,499 )
SHAREHOLDERS' FUNDS 368,416 405,940

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

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

EUROPEAK PROPERTIES LTD (REGISTERED NUMBER: 03831984)

STATEMENT OF FINANCIAL POSITION - continued
31 AUGUST 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 Board of Directors and authorised for issue on 23 May 2025 and were signed on its behalf by:





J Dreyfuss - Director


EUROPEAK PROPERTIES LTD (REGISTERED NUMBER: 03831984)

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

1. STATUTORY INFORMATION

Europeak 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents net rent receivable, excluding value added tax.

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 - 15% 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.

4. EMPLOYEES AND DIRECTORS

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

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 September 2023
and 31 August 2024 8,495
DEPRECIATION
At 1 September 2023 5,728
Charge for year 415
At 31 August 2024 6,143
NET BOOK VALUE
At 31 August 2024 2,352
At 31 August 2023 2,767

EUROPEAK PROPERTIES LTD (REGISTERED NUMBER: 03831984)

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

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023
and 31 August 2024 1,080,000
NET BOOK VALUE
At 31 August 2024 1,080,000
At 31 August 2023 1,080,000

Fair value at 31 August 2024 is represented by:
£   
Valuation in 2016 534,310
Valuation in 2020 311,931
Cost 233,759
1,080,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 4,704 -
Other debtors 939,596 755,731
944,300 755,731

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors - 5,069
Taxation and social security 1,392 1,923
Other creditors 842,369 761,439
843,761 768,431

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans 826,202 826,202

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loan 826,202 826,202

EUROPEAK PROPERTIES LTD (REGISTERED NUMBER: 03831984)

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

10. SECURED DEBTS

The following secured debts are included within creditors:

31.8.24 31.8.23
£    £   
Bank loans 826,202 826,202

Long term bank loan is secured by first charge over the company's investment property and bear interest at variable rates.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
1 Ordinary £1 1 1

12. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 September 2023 (308,499 ) 714,438 405,939
Deficit for the year (37,524 ) (37,524 )
At 31 August 2024 (346,023 ) 714,438 368,415

13. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs R Dreyfuss.