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REGISTERED NUMBER: 03734230 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

EFFERRE PROPERTIES LIMITED

EFFERRE PROPERTIES LIMITED (REGISTERED NUMBER: 03734230)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


EFFERRE PROPERTIES LIMITED

COMPANY INFORMATION
for the Year Ended 30 June 2024







DIRECTOR: T Pringle Perlino





REGISTERED OFFICE: 10 London Mews
Paddington
London
ENGLAND
W2 1HY





REGISTERED NUMBER: 03734230 (England and Wales)





ACCOUNTANTS: Stein Richards
Chartered Accountants
10 London Mews
Paddington
LONDON
W2 1HY

EFFERRE PROPERTIES LIMITED (REGISTERED NUMBER: 03734230)

STATEMENT OF FINANCIAL POSITION
30 June 2024

30.6.24 30.6.23
Notes €    €    €   
FIXED ASSETS
Investments 4 570,250 570,250
Investment properties 5 3,429,754 3,394,381
4,000,004 3,964,631

CURRENT ASSETS
Debtors 6 2,831,860 2,832,091
Prepayments and accrued income 940 -
Cash at bank 58,025 33,360
2,890,825 2,865,451
CREDITORS
Amounts falling due within one year 7 5,458,547 5,481,724
NET CURRENT LIABILITIES (2,567,722 ) (2,616,273 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,432,282

1,348,358

PROVISIONS FOR LIABILITIES 215,093 206,250
NET ASSETS 1,217,189 1,142,108

CAPITAL AND RESERVES
Called up share capital 775,000 775,000
Share premium 8 165,500 165,500
Retained earnings 8 276,689 201,608
SHAREHOLDERS' FUNDS 1,217,189 1,142,108

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 director acknowledges her 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.

EFFERRE PROPERTIES LIMITED (REGISTERED NUMBER: 03734230)

STATEMENT OF FINANCIAL POSITION - 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 May 2025 and were signed by:





T Pringle Perlino - Director


EFFERRE PROPERTIES LIMITED (REGISTERED NUMBER: 03734230)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Efferre Properties 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. 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.

Going concern
The financial statements have been prepared on a going concern basis as the director believes that adequate cash resources will be available to cover the company's requirements for working capital expenditure for at least the next twelve months from the approval of these accounts.

Preparation of consolidated financial statements
The financial statements contain information about Efferre Properties Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is in respect of rental income and is recognised on a straight line basis over the terms of the leases.

Investments in subsidiaries and associates
Investments in subsidiary and associate undertakings are recognised at cost.

Investment properties
In accordance with FRS102, Section 1A, the company's properties are held for long-term investment and are included in the Balance Sheet at their open market values. The surplus or deficit on annual revaluation of such properties are transferred to the profit and loss account.

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors and loans to related parties.

The basic financial debtors and liabilities as listed above are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future payments / receipts discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment. An impairment review is undertaken annually at the balance sheet date.

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 statement of financial position date.


EFFERRE PROPERTIES LIMITED (REGISTERED NUMBER: 03734230)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Foreign currencies
Transactions in foreign currencies have been converted to Euros at the rate ruling on the date of the transaction. Foreign currency assets and liabilities at the balance sheet date have been converted to Euros at the rate ruling on that date. Transactions in the accounting period have arisen in euros with the exception of the Share Capital which has been converted at the rate of exchange of €1.55 to £1 sterling. The Share Capital is therefore a sterling debt of the company.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Shares in Interest
group in
undertakings associate Totals
€    €    €   
COST
At 1 July 2023
and 30 June 2024 18,000 552,250 570,250
NET BOOK VALUE
At 30 June 2024 18,000 552,250 570,250
At 30 June 2023 18,000 552,250 570,250

5. INVESTMENT PROPERTIES
Total
€   
FAIR VALUE
At 1 July 2023 3,394,381
Revaluations 35,373
At 30 June 2024 3,429,754
NET BOOK VALUE
At 30 June 2024 3,429,754
At 30 June 2023 3,394,381

EFFERRE PROPERTIES LIMITED (REGISTERED NUMBER: 03734230)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

5. INVESTMENT PROPERTIES - continued

Fair value at 30 June 2024 is represented by:
€   
Valuation in 2011 825,000
Valuation in 2024 35,373
Cost 2,569,381
3,429,754

Investment properties were valued on an open market basis on 30 June 2024 by the director of the company.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
€    €   
Amounts owed by group undertakings 2,741,860 2,742,091
Amounts owed by associates 90,000 90,000
2,831,860 2,832,091

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
€    €   
Trade creditors 1,843 4,959
Taxation and social security - 30,501
Other creditors 5,456,704 5,446,264
5,458,547 5,481,724

8. RESERVES
Retained Share
earnings premium Totals
€    €    €   

At 1 July 2023 201,608 165,500 367,108
Profit for the year 75,081 75,081
At 30 June 2024 276,689 165,500 442,189

The company has no distributable reserves for the current and previous year.

9. RELATED PARTY DISCLOSURES

Included in other creditors is an interest free loan of €5,331,422 (2023: €5,322,621) owed to a company in which the director has a material interest.