EUROPEAN PROPERTY (UK) LTD


Directors	PRESCOTT, Angela Jane
	PRESCOTT, Ian David


Registered Address	5 Manor Gates
	Bramhope
	Leeds
	LS16 9HA


Registered Number	04995027 (England and Wales)

Balance Sheet as at
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		688		-
Investment property	4		1,231,571		-
			1,232,259		-
Current assets
Stocks	5	-		372,380
Debtors	6	21,009		95
		21,009		372,475
Creditors amounts falling due within one year	7	(80,036)		(437,637)
Net current assets (liabilities)			(59,027)		(65,162)
Total assets less current liabilities			1,173,232		(65,162)
Creditors amounts falling due after one year	8		(1,110,856)		-
Net assets			62,376		(65,162)
Capital and reserves
Called up share capital			100		100
Profit and loss account			62,276		(65,262)
Shareholders' funds			62,376		(65,162)

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 Directors acknowledge 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 Board of Directors on 12 December 2025, and are signed on its behalf by:

PRESCOTT, Ian David
Director
Registered Company No. 04995027

EUROPEAN PROPERTY (UK) LTD

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 5 Manor Gates, Bramhope, Leeds, West Yorkshire, LS16 9HA.

	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.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Revenue from rendering of services
	Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

	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	33

	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.

	Stocks and work in progress
	Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss.

Stocks and work in progress

Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	1		1

3.	Tangible fixed assets

	Office Equipment	Total
	£	£
Cost or valuation
Additions	1,026	1,026
At 31 March 25	1,026	1,026
Depreciation and impairment
Charge for year	338	338
At 31 March 25	338	338
Net book value
At 31 March 25	688	688
At 31 March 24	-	-

4.	Investment property


		£
	Additions	1,231,571
	At 31 March 25	1,231,571

5.	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition. During the year, the company reclassified a property with a carrying amount of £245,958 from stock to investment property following a change in use. At the date of transfer, the property’s fair value was £285,000, and the resulting gain of £39,042 was recognised in profit or loss. The property is subsequently measured at fair value with changes recognised in profit or loss.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell.
Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks
to their present location and condition.

During the year, the company reclassified a property with a carrying amount of £245,958 from stock to investment property following a change in use. At the date of transfer, the property’s fair value was £285,000, and the resulting gain of £39,042 was recognised in profit or loss. The property is subsequently measured at fair value with changes recognised in profit or loss.

	2025	2024
	£	£
Other stocks	-	372,380
Total	-	372,380

6.	Debtors: amounts due within one year

	2025	2024
	£	£
Amounts owed by group undertakings	20,914	-
Other debtors	95	95
Total	21,009	95

7.	Creditors: amounts due within one year

	2025	2024
	£	£
Amounts owed to related parties	-	358,252
Taxation and social security	651	-
Other creditors	79,385	79,385
Total	80,036	437,637

8.	Creditors: amounts due after one year

	2025	2024
	£	£
Amounts owed to related parties	460,856	-
Other creditors	650,000	-
Total	1,110,856	-

9.	Directors advances, credits and guarantees
	At the year end, a director of the company had advanced a total of £650,000 to the company. The loan is interest free, unsecured, and repayable on demand. It has been classified as a non-current liability, as the director has confirmed that repayment will not be requested within 12 months of the balance sheet date.

10.	Controlling party
	The Company is fully owned by Bond House Systems Limited, which is also the ultimate Holding Company.