Company No:
Contents
| Note | 2024 | 2023 | ||
| $ | $ | |||
| Fixed assets | ||||
| Investments | 4 |
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| 1,288,961 | 1,288,961 | |||
| Current assets | ||||
| Debtors | 5 |
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| Cash at bank and in hand |
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| 67,093 | 67,147 | |||
| Creditors: amounts falling due within one year | 6 | (
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(
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| Net current liabilities | (1,288,797) | (1,288,797) | ||
| Total assets less current liabilities | 164 | 164 | ||
| Net assets |
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| Capital and reserves | ||||
| Called-up share capital |
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| Total shareholder's funds |
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Directors' responsibilities:
The financial statements of Europe Land Limited (registered number:
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R Borchard
Director |
L Brenden
Director |
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.
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 $.
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.
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.
| 2024 | 2023 | ||
| Number | Number | ||
| Monthly average number of persons employed by the company during the year, including directors |
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Investments in subsidiaries
| 2024 | |
| $ | |
| Cost | |
| At 01 October 2023 |
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| At 30 September 2024 |
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| Carrying value at 30 September 2024 |
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| Carrying value at 30 September 2023 |
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Investments in shares
| Name of entity | Registered office | Principal activity | Class of shares |
Ownership 30.09.2024 |
Ownership 30.09.2023 |
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Israel | Property investment |
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USA | Property investments |
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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 |
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| $ | $ | |
| 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.
| 2024 | 2023 | ||
| $ | $ | ||
| Amounts owed by group undertakings |
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| 2024 | 2023 | ||
| $ | $ | ||
| Amounts owed to group undertakings |
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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.