Eurocrest Properties Limited - Filleted accounts

Registered number

04935211

Eurocrest Properties Limited

Filleted Accounts

31 March 2025

Eurocrest Properties Limited
Registered number:		04935211
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		9,280,170			9,240,351

Current assets
Debtors	4	5,836,131			5,816,065
Cash at bank and in hand		198,893			204,297
		6,035,024			6,020,362

Creditors: amounts falling due within one year	5	(80,641)			(70,449)

Net current assets			5,954,383			5,949,913

Total assets less current liabilities			15,234,553			15,190,264

Creditors: amounts falling due after more than one year	6		(10,277,786)			(10,308,234)



Net assets			4,956,767			4,882,030

Capital and reserves
Called up share capital			100			100
Revaluation reserve	7		4,075,972			4,075,972
Profit and loss account			880,695			805,958

Shareholders' funds			4,956,767			4,882,030

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




R Cohen
Director
Approved by the board on 3 December 2025

Eurocrest Properties Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings	0%
	Plant and machinery	25% Residual value
	Fixtures, fittings, tools and equipment	25% Residual value

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			3		3


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Total
£			£		£
	Cost
	At 1 April 2024	9,239,506		120,505		9,360,011
	Additions	40,030		-		40,030
	At 31 March 2025	9,279,536		120,505		9,400,041

	Depreciation
	At 1 April 2024	-		119,660		119,660
	Charge for the year	-		211		211
	At 31 March 2025	-		119,871		119,871

	Net book value
	At 31 March 2025	9,279,536		634		9,280,170
	At 31 March 2024	9,239,506		845		9,240,351


	Freehold land and buildings:			2025		2024
£					£
	Historical cost			5,134,028		5,134,028
	Cumulative depreciation based on historical cost			-		-
				5,134,028		5,134,028


4	Debtors			2025		2024
£					£

	Trade debtors			13,299		13,233
	Intercompany account			5,740,532		5,740,532
	Other loans			82,000		62,000
	Accruals & prepayments			300		300
				5,836,131		5,816,065


5	Creditors: amounts falling due within one year			2025		2024
£					£

	Corporation tax			19,726		12,108
	Tenants Rent Deposits			51,709		51,709
	Other taxes and social security costs			8,972		-
	Other creditors			234		6,632
				80,641		70,449


6	Creditors: amounts falling due after one year			2025		2024
£					£

	Bank loans			59,982		-
	Intercompany account			10,217,804		10,308,234
				10,277,786		10,308,234


7	Revaluation reserve			2025		2024
£					£

	At 1 April 2024			4,075,972		4,075,972

	At 31 March 2025			4,075,972		4,075,972


8	Related party transactions

	The Company is a wholly owned subsidiary of Talentbuild Limited


9	Controlling party

	The Company is managed and controlled by its directors. The company is a wholly owned subsidiary of Talentbuild Limited


10	Other information

	Eurocrest Properties Limited is a private company limited by shares and incorporated in England. Its registered office is:
	179 Torridon Road
	London
	SE6 1RG