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REGISTERED NUMBER: 03525070 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

EUROCAGE LIMITED

EUROCAGE LIMITED (REGISTERED NUMBER: 03525070)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


EUROCAGE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







Directors: Prof. L Illum
Prof. S S Davis





Registered office: 19 Cavendish Crescent North
The Park
Nottingham
NG7 1BA





Registered number: 03525070 (England and Wales)





Accountants: TC Group
10 Stadium Business Court
Millennium Way
Pride Park
Derby
Derbyshire
DE24 8HP

EUROCAGE LIMITED (REGISTERED NUMBER: 03525070)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £ £
Fixed assets
Tangible assets 4 - -
Investments 5 370,508 370,508
370,508 370,508

Current assets
Debtors 6 2,745,374 2,738,146
Cash at bank 89,076 94,905
2,834,450 2,833,051
Creditors
Amounts falling due within one year 7 (15,221 ) (11,056 )
Net current assets 2,819,229 2,821,995
Total assets less current liabilities 3,189,737 3,192,503

Capital and reserves
Called up share capital 8 1,575,000 1,575,000
Share premium 75,000 75,000
Retained earnings 1,539,737 1,542,503
Shareholders' funds 3,189,737 3,192,503

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 May 2025 and were signed on its behalf by:





Prof. L Illum - Director


EUROCAGE LIMITED (REGISTERED NUMBER: 03525070)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Eurocage 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on cost
Equipment - 25% on cost

All fixed assets are initially recorded at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 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
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating profit.

Work in progress
Work in progress represents funds advanced for property development and properties held for development.

Consolidation
In the opinion of the directors, the company and its subsidiary undertakings comprise a small group. The company has therefore taken advantage of the exemption provided by Section 398 of the Companies Act 2006 not to prepare group accounts.

Joint ventures
The company has certain contractual agreements with other participants to engage in joint activities that do not create an entity carrying on a trade or business of its own. The company includes its share of assets, liabilities, and cash flows in such joint arrangements, measured in accordance with the terms of each arrangement, which is usually pro-rata to the company's interest in the joint arrangement.

EUROCAGE LIMITED (REGISTERED NUMBER: 03525070)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery Equipment Totals
£ £ £
Cost
At 1 October 2023
and 30 September 2024 2,054 19,545 21,599
Depreciation
At 1 October 2023
and 30 September 2024 2,054 19,545 21,599
Net book value
At 30 September 2024 - - -
At 30 September 2023 - - -

5. FIXED ASSET INVESTMENTS
Investments
in group
undertakings
£
At 1 October 2023
and 30 September 2024 370,508

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 6,240 -
Other debtors 2,695,422 2,695,134
Intercompany debtor 42,139 40,662
Tax 612 -
VAT - 798
Prepayments and accrued income 961 1,552
2,745,374 2,738,146

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 7,282 929
Tax - 4,874
VAT 1,961 -
Directors' loan accounts 3,478 2,753
Accruals and deferred income 2,500 2,500
15,221 11,056

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
1,575,000 Ordinary £1 1,575,000 1,575,000

EUROCAGE LIMITED (REGISTERED NUMBER: 03525070)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

9. RELATED PARTY DISCLOSURES

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.

The company owns 99% of an Italian Company. The aggregate capital and reserves was £402,479 (2023: £402,479).


A company under the common control of the directors had a balance due of £200,000 (2023: £200,000) at the year end. This balance is shown under other debtors in the accounts.

Another company under the same common control had a balance due of £2,495,422 (2023: £2,495,134) at the year end. This balance is again shown under other debtors in the accounts.

A transaction made between a close family member was made totalling £5,255 (2023: £3,938) and is shown under legal and professional fees.