Euro Commercials Investments Cardiff Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 02660542 (England and Wales)

EURO COMMERCIALS INVESTMENTS

(CARDIFF) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

P Postle

SECRETARY:

P G Hannah

REGISTERED OFFICE:

C/O Resource Limited

The Maltings

East Tyndall Street

CARDIFF

CF24 5EA

REGISTERED NUMBER:

02660542 (England and Wales)

ACCOUNTANTS:

MHA (trading name of MHA Advisory Ltd)

Elfed House

Oak Tree Court

Cardiff Gate Business Park

CARDIFF

County of Cardiff

CF23 8RS

FIXED ASSETS

Investment property

4

1,100,000

CURRENT ASSETS

Debtors

5

69,316

582,568

Cash at bank

563

29

69,879

582,597

CREDITORS

Amounts falling due within one year

6

(833,391

)

(759,882

)

NET CURRENT LIABILITIES

(763,512

)

(177,285

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

336,488

922,715

CREDITORS

Amounts falling due after more than one
year

7

-

(567,812

)

NET ASSETS

336,488

354,903

CAPITAL AND RESERVES

Called up share capital

9

55

60

Non-distributable reserve

23,207

Capital redemption reserve

40

Retained earnings

313,186

331,596

SHAREHOLDERS' FUNDS

336,488

354,903

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 September 2025 and were signed by:

P Postle - Director

1.	STATUTORY INFORMATION

Euro Commercials Investments (Cardiff) 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.

The company's functional and presentational currency in the financial statements is the Sterling (£), rounded to the nearest pound.

The significant accounting policies applied in the presentation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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.

There have been no material departures from the Financial Reporting Standard 102 Section 1A.

GOING CONCERN

At 31 December 2024 there were net current liabilities of £763,512. The director considers the going concern basis adopted for these financial statements to be appropriate based upon available continued support.

Turnover

Turnover represents rental income for the year, excluding value added tax accounted for on the accruals basis.

Investment property

Investment property is carried at fair value. Revaluation surpluses and deficits are recognised in the profit and loss account. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold, or the deferred tax liability is settled.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Basic financial instruments

Basic financial instruments are recognised at amortised cost.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

and 31 December 2024

1,100,000

NET BOOK VALUE

At 31 December 2024

1,100,000

At 31 December 2023

1,100,000

Fair value at 31 December 2024 is represented by:

£

Valuation in 2024

1,100,000

The investment property was valued on a fair value basis at 31 December 2024 by the directors. In valuing the property the directors have considered future anticipated rental yields.

5.

DEBTORS

2024

2023

£

Amounts falling due within one year:

Trade debtors

66,000

Amounts due from related party

-

511,278

66,000

577,278

Amounts falling due after more than one year:

Deferred tax

3,316

5,290

Aggregate amounts

69,316

582,568

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Bank loans and overdrafts

571,706

-

Trade creditors

23,750

3,133

VAT

10,850

7,735

Other creditors

14,775

Amounts due to related party

192,980

659,958

Accruals and deferred income

19,330

74,281

833,391

759,882

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

Bank loans - 1-2 years

-

567,812

8.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

Bank loans

571,706

567,812

The above loan is secured by way of a fixed and floating charge over the assets of the company.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

60

Ordinary

£1

55

60

10.	RELATED PARTY DISCLOSURES

At 31 December 2024 the following related party loan balances existed:

31.12.24

31.12.23

£

Other related parties

Creditors: Amounts falling due within one year

31,082

Debtors:Amounts falling due within one year

-

511,278

The above loans are interest free.