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Company No: 03643675 (England and Wales)

EUROPE LAND LIMITED

Unaudited Financial Statements
For the financial year ended 30 September 2024
Pages for filing with the registrar

EUROPE LAND LIMITED

Unaudited Financial Statements

For the financial year ended 30 September 2024

Contents

EUROPE LAND LIMITED

STATEMENT OF FINANCIAL POSITION

As at 30 September 2024
EUROPE LAND LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 September 2024
Note 2024 2023
$ $
Fixed assets
Investments 4 1,288,961 1,288,961
1,288,961 1,288,961
Current assets
Debtors 5 16,497 16,497
Cash at bank and in hand 50,596 50,650
67,093 67,147
Creditors: amounts falling due within one year 6 ( 1,355,890) ( 1,355,944)
Net current liabilities (1,288,797) (1,288,797)
Total assets less current liabilities 164 164
Net assets 164 164
Capital and reserves
Called-up share capital 164 164
Total shareholder's funds 164 164

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 financial statements of Europe Land Limited (registered number: 03643675) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

R Borchard
Director
L Brenden
Director

23 May 2025

EUROPE LAND LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
EUROPE LAND LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Europe Land Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 5th Floor Bevis Marks House, 24 Bevis Marks, London, EC3A 7JB, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in USD which is the functional currency of the Company and rounded to the nearest $.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Financial instruments

The Company only enters into basic financial instruments and 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, loans to and from related parties and investments in non-puttable ordinary shares.

2. Critical accounting judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements that have a significant impact on the amounts recognised. The following are the critical judgements that the directors have made in the process of applying the company’s accounting policies and that have the most significant effect on the amounts recognised in the financial statements.

3. Employees

2024 2023
Number Number
Monthly average number of persons employed by the company during the year, including directors 3 3

4. Fixed asset investments

Investments in subsidiaries

2024
$
Cost
At 01 October 2023 1,288,961
At 30 September 2024 1,288,961
Carrying value at 30 September 2024 1,288,961
Carrying value at 30 September 2023 1,288,961

Investments in shares

Name of entity Registered office Principal activity Class of
shares
Ownership
30.09.2024
Ownership
30.09.2023
Fairland Properties Limited Israel Property investment Ordinary 100.00% 100.00%
Lony NY LLC USA Property investments Ordinary 100.00% 100.00%

The capital and reserves and the loss of the subsidiary undertakings was as follows:

Capital and
reserves
at 2024
Loss for
the year ended
2024
$ $
Fairland Properties Limited 3,535,936 (9,401)
Lony NY LLC 683,799 (24,529)

The figures for Lony NY LLC are for the year ended 31 December 2022.

5. Debtors

2024 2023
$ $
Amounts owed by group undertakings 16,497 16,497

6. Creditors: amounts falling due within one year

2024 2023
$ $
Amounts owed to group undertakings 1,355,890 1,355,944

7. Related party transactions

Transactions with the members of the group and with other related parties concluded under normal market conditions have not been disclosed as per section 1AC.35 of FRS 102.