REGISTERED NUMBER: 09306185 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

EUROCREST SUB6 LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

Mr K Stavrou

Mr P Stavrou

REGISTERED OFFICE:

Brookway House

2 Nichol Close

Southgate

London

N14 6JU

REGISTERED NUMBER:

09306185 (England and Wales)

ACCOUNTANTS:

EA

Chartered Accountants

869 High Road

London

N12 8QA

FIXED ASSETS

Investment property

4

3,099,611

3,099,611

CURRENT ASSETS

Debtors

5

1,425,423

1,324,350

Cash at bank and in hand

1,168,840

1,232,932

2,594,263

2,557,282

CREDITORS

Amounts falling due within one year

6

284,859

275,921

NET CURRENT ASSETS

2,309,404

2,281,361

TOTAL ASSETS LESS CURRENT LIABILITIES

5,409,015

5,380,972

CREDITORS

Amounts falling due after more than one year

7

2,800,000

2,800,000

NET ASSETS

2,609,015

2,580,972

CAPITAL AND RESERVES

Called up share capital

2,490,857

2,490,857

Retained earnings

118,158

90,115

SHAREHOLDERS' FUNDS

2,609,015

2,580,972

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 September 2025 and were signed on its behalf by:

Mr P Stavrou - Director

1.	STATUTORY INFORMATION

Eurocrest Sub6 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.

The financial statements have been prepared on a going concern basis as the director is satisfied that the company will have adequate resources to meet its liabilities to third parties as they fall due.

Turnover

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

Rental income is recognised and included in turnover when it becomes due under the terms of the lease.

Investment property

Investment properties are carried at fair value. Revaluation surpluses are recognised in the income statement.Deferred Taxation is provided on these gains at the rate expected to apply when the property is sold. No depreciation is provided in respect of investment properties.

The Companies Act 2006 requires all properties to be depreciated. However, this requirement conflicts with the generally accepted accounting principle set out in FRS 102 (Section 1A). The directors consider that, because these properties are not held for consumption but for their investment potential, to depreciate them would not give a true and fair view and that it is necessary to adopt FRS 102 (Section 1A) in order to give a true and fair view. If this departure from the Act had not been made, the loss for the financial year would have been increased by the amount of depreciation.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

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

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 July 2023

and 30 June 2024

3,099,611

NET BOOK VALUE

At 30 June 2024

3,099,611

At 30 June 2023

3,099,611

Fair value at 30 June 2024 is represented by:

£

Valuation in 2024

3,099,611

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

20,920

20,807

Amounts owed by group undertakings

13,745

12,485

Other debtors

1,390,758

1,291,058

1,425,423

1,324,350

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

2,646

-

Trade creditors

912

2,534

Amounts owed to group undertakings

256,665

257,265

Taxation and social security

7,846

-

Other creditors

16,790

16,122

284,859

275,921

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

2,800,000

2,800,000

8.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

2,800,000

2,800,000

The bank loan is secured by a fixed and floating charge on the assets and undertakings of the company.

9.	RELATED PARTY DISCLOSURES

The below balances include amounts due to and from companies in which the director is a director and/or a shareholder.

2024 2023

£ £

Visionary Investment Properties EV Limited

Amount due to related party company at the balance sheet date 256,665 257,265

MLSA Group Limited

Amount due from parent company at the balance sheet date 13,745 12,485

Kittyco Sub4 Limited

Amount due from related party at the balance sheet date 837,951 742,951

SHG Limited

Amount due from related party at the balance sheet date 127,500 127,500

10.	ULTIMATE CONTROLLING PARTY

There was no ultimate controlling party during the period under review.