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REGISTERED NUMBER: 07582121 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

EUROREACH LTD

EUROREACH LTD (REGISTERED NUMBER: 07582121)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


EUROREACH LTD

COMPANY INFORMATION
for the Year Ended 30 September 2024







DIRECTOR: T Oraee-Mirzamani





REGISTERED OFFICE: Langley House
Park Road
London
N2 8EY





REGISTERED NUMBER: 07582121 (England and Wales)






EUROREACH LTD (REGISTERED NUMBER: 07582121)

STATEMENT OF FINANCIAL POSITION
30 September 2024

30.9.24 30.9.23
as restated
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 3,256 4,069
Investment property 5 8,211,473 9,714,568
8,214,729 9,718,637

CURRENT ASSETS
Debtors 6 1,476,809 1,120,240
Cash at bank 7,831 16,864
1,484,640 1,137,104
CREDITORS
Amounts falling due within one year 7 352,910 914,012
NET CURRENT ASSETS 1,131,730 223,092
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,346,459

9,941,729

CREDITORS
Amounts falling due after more than one
year

8

(3,654,180

)

(3,664,256

)

PROVISIONS FOR LIABILITIES (1,305,620 ) (1,004,977 )
NET ASSETS 4,386,659 5,272,496

CAPITAL AND RESERVES
Called up share capital 99 99
Revaluation reserve 4,253,297 4,834,356
Retained earnings 133,263 438,041
4,386,659 5,272,496

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 director acknowledges his 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.

EUROREACH LTD (REGISTERED NUMBER: 07582121)

STATEMENT OF FINANCIAL POSITION - continued
30 September 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 24 June 2025 and were signed by:





T Oraee-Mirzamani - Director


EUROREACH LTD (REGISTERED NUMBER: 07582121)

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

1. STATUTORY INFORMATION

Euroreach 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

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.

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.

3. EMPLOYEES AND DIRECTORS

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

EUROREACH LTD (REGISTERED NUMBER: 07582121)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023
and 30 September 2024 19,850
DEPRECIATION
At 1 October 2023 15,781
Charge for year 813
At 30 September 2024 16,594
NET BOOK VALUE
At 30 September 2024 3,256
At 30 September 2023 4,069

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023 9,714,568
Disposals (1,503,095 )
At 30 September 2024 8,211,473
NET BOOK VALUE
At 30 September 2024 8,211,473
At 30 September 2023 9,714,568

Fair value at 30 September 2024 is represented by:
£   
Valuation in 2021 5,839,333
Cost 2,372,140
8,211,473

The director of the company carried out valuations of the properties at 30 September 2021 based on available market data.

In the opinion of the director, there are no material movements between the current market value of the properties and the value shown on the face of the balance sheet.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
as restated
£    £   
Other debtors 1,476,809 1,120,240

EUROREACH LTD (REGISTERED NUMBER: 07582121)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
as restated
£    £   
Bank loans and overdrafts - 536,837
Trade creditors 34,409 34,620
Taxation and social security 28,723 65,857
Other creditors 289,778 276,698
352,910 914,012

Included within other creditors are accrued expenses of £18,890 (2023: £18,890) and deferred income of £7,875 (2023: £7,875)

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
as restated
£    £   
Bank loans 19,905 29,981
Other creditors 3,634,275 3,634,275
3,654,180 3,664,256

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 3,634,275 3,634,275

9. SECURED DEBTS

The following secured debts are included within creditors:

30.9.24 30.9.23
as restated
£    £   
Bank loan 3,634,275 4,171,112

The bank loans are secured by way of fixed and floating charges over all undertakings and all property and assets of the company.