EULINEA LIMITED


Director	HOBLE, Irina


Company Secretary	JAMES, Angela


Registered Address	Poppyfields 48 Hilltop Walk
	Woldingham
	Caterham
	CR3 7LG


Registered Number	03409631 (England and Wales)

Balance Sheet as at
31 December 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Tangible assets	3		5,906		6,562
Investment property	4		440,238		440,238
			446,144		446,800
Current assets
Debtors	5	62,020		63,150
Cash at bank and on hand		227,813		235,225
		289,833		298,375
Creditors amounts falling due within one year	6	(9,746)		(9,104)
Net current assets (liabilities)			280,087		289,271
Total assets less current liabilities			726,231		736,071
Net assets			726,231		736,071
Capital and reserves
Called up share capital			2		2
Profit and loss account			726,229		736,069
Shareholders' funds			726,231		736,071

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 16 May 2025, and are signed on its behalf by:

HOBLE, Irina
Director
Registered Company No. 03409631

EULINEA LIMITED

Notes to the Financial Statements
for the year ended 31 December 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Current taxation
	Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

Current taxation

Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income.

Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


		Reducing balance (%)
	Office Equipment	10

	Investment property
	The investment property is accounted for under FRS 102, Section 16 Investment Property. Investment property is remeasured to fair value at each balance sheet date with fair value gains and losses being reported in profit or loss. Investment properties are valued using RICS open market valuation on a freehold basis.

2.	Average number of employees


		2024		2023
	Average number of employees during the year	1		1

3.	Tangible fixed assets

	Office Equipment	Total
	£	£
Cost or valuation
At 01 January 24	26,525	26,525
At 31 December 24	26,525	26,525
Depreciation and impairment
At 01 January 24	19,963	19,963
Charge for year	656	656
At 31 December 24	20,619	20,619
Net book value
At 31 December 24	5,906	5,906
At 31 December 23	6,562	6,562

4.	Investment property


		£
	Fair value at 01 January 24	440,238
	At 31 December 24	440,238

5.	Debtors: amounts due within one year

	2024	2023
	£	£
Other debtors	62,020	63,150
Total	62,020	63,150

6.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	-	2,597
Taxation and social security	2,398	5,558
Other creditors	6,713	949
Accrued liabilities and deferred income	635	-
Total	9,746	9,104

7.	Related party transactions
	Included in the financial statements under Debtors: Amounts due within one year, is a significant balance with HobleUK Ltd £62,000 (2023: £62,000), a company controlled by the director.

8.	Controlling party
	The ultimate controlling party is I Hoble