REGISTERED NUMBER: 03688106 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

EURASIA CORPORATION LONDON LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A Cheung

SECRETARY:

A Cheung

REGISTERED OFFICE:

78 Westbourne Grove

London

W2 5RT

REGISTERED NUMBER:

03688106 (England and Wales)

ACCOUNTANTS:

Cox & Co. (Accountancy) Limited

Chartered Accountants

The Granary

High Street

Turvey

Bedford

Bedfordshire

MK43 8DB

FIXED ASSETS

Tangible assets

4

99

133

Investments

5

1

1

Investment property

6

1,250,000

1,250,000

1,250,100

1,250,134

CURRENT ASSETS

Debtors

7

327,289

386,388

Cash at bank

196

34

327,485

386,422

CREDITORS

Amounts falling due within one year

8

112,067

98,576

NET CURRENT ASSETS

215,418

287,846

TOTAL ASSETS LESS CURRENT LIABILITIES

1,465,518

1,537,980

CREDITORS

Amounts falling due after more than one year

9

499,866

557,866

NET ASSETS

965,652

980,114

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

11

987,962

987,962

Retained earnings

(22,410

)

(7,948

)

SHAREHOLDERS' FUNDS

965,652

980,114

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 Income Statement has not been delivered.

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

A Cheung - Director

1.	STATUTORY INFORMATION

Eurasia Corporation London 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 as modified by the revaluation of certain assets.

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 etc

-

20% on reducing balance

Investment properties

In accordance with the Financial Reporting Standard for Small Entities FRS102 (1A):

a) Investment properties are revalued annually by the Directors and the aggregate surplus or deficit is transferred to a retained earnings account; and

b) No depreciation or amortisation is provided in respect of freehold properties and leasehold investment properties with over 20 years remaining.

The policy departs from the requirements of the Companies Act 2006 for the overriding purpose of providing a true and fair view.

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 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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

and 31 December 2024

32,820

DEPRECIATION

At 1 January 2024

32,687

Charge for year

34

At 31 December 2024

32,721

NET BOOK VALUE

At 31 December 2024

99

At 31 December 2023

133

5.	FIXED ASSET INVESTMENTS

The company owns 25% ordinary shares of the associated company '8 Strathmore Gardens Management Ltd' which owns the freehold of the investment property owned by Eurasia Corporation Ltd.

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

and 31 December 2024

1,250,000

NET BOOK VALUE

At 31 December 2024

1,250,000

At 31 December 2023

1,250,000

The property has an unexpired lease in excess of 50 years. The investment property is a long lease. The company also owns a 25% share of the limited company that owns the freehold of that same property.

Fair value at 31 December 2024 is represented by:

£

Valuation in 2013

737,962

Valuation in 2014

250,000

Cost

262,038

1,250,000

Investment property was valued on an open market basis on 31 December 2024 by the director.

If the property was sold at the balance sheet date, the estimated potential corporation tax liability is £154,754.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

327,289

386,388

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Taxation and social security

752

752

Other creditors

111,315

97,824

112,067

98,576

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Other creditors

499,866

557,866

10.	SECURED DEBTS

There is a first legal mortgage over the mortgaged property, (leasehold property) Flat 2, 8 Strathmore Gardens, London, W8 4RZ (title number: NGL570145), by way of a fixed and floating charge, and negative pledge, in favour of Arbuthnot, Latham & Co., Limited. The charges were created on 3 August 2016.

11.

RESERVES

Revaluation

reserve

£

At 1 January 2024

and 31 December 2024

987,962