REGISTERED NUMBER: 09305005 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

EUROCREST SUB2 LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

Mr C Adamou

Mrs A Behiri

REGISTERED OFFICE:

Chase House

305 Chase Road

Southgate

London

N14 6HA

REGISTERED NUMBER:

09305005 (England and Wales)

ACCOUNTANTS:

EA

Chartered Accountants

869 High Road

London

N12 8QA

FIXED ASSETS

Investment property

4

6,452,361

6,452,361

CURRENT ASSETS

Debtors

5

2,620,571

2,594,607

Cash at bank and in hand

58,792

75,732

2,679,363

2,670,339

CREDITORS

Amounts falling due within one year

6

4,136,871

150,963

NET CURRENT (LIABILITIES)/ASSETS

(1,457,508

)

2,519,376

TOTAL ASSETS LESS CURRENT LIABILITIES

4,994,853

8,971,737

CREDITORS

Amounts falling due after more than one year

7

-

3,682,250

NET ASSETS

4,994,853

5,289,487

CAPITAL AND RESERVES

Called up share capital

4,981,716

4,981,716

Retained earnings

13,137

307,771

SHAREHOLDERS' FUNDS

4,994,853

5,289,487

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 22 December 2025 and were signed on its behalf by:

Mr C Adamou - Director

1.	STATUTORY INFORMATION

Eurocrest Sub2 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.

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 values. Revaluation surpluses are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the properties are 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 The Financial Reporting Standard 102 (Section 1A) for small entities. The director considers 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 The Financial Reporting Standard 102 (Section 1A) for Smaller Entities in order to give a true and fair view. If this departure from the Act had not been made, the profit for the financial year would have been reduced 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.

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.

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 (2024 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

6,452,361

NET BOOK VALUE

At 31 March 2025

6,452,361

At 31 March 2024

6,452,361

The investment properties were valued at fair values by the director, at the year end.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by group undertakings

42,687

17,117

Other debtors

2,577,884

2,577,490

2,620,571

2,594,607

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

3,682,250

63,000

Trade creditors

25,840

22,739

Amounts owed to group undertakings

358,753

-

Taxation and social security

64,250

59,583

Other creditors

5,778

5,641

4,136,871

150,963

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

-

3,682,250

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

3,682,250

3,745,250

A legal charge has been made over the assets by the company's bankers.

9.	RELATED PARTY DISCLOSURES

The following balances show amounts due from and amounts due to companies in which the director is also a director and/or a shareholder. The loans are interest free:

2025 2024

£ £

PACA Cap Ltd

Amount due from related party 1,200,000 1,200,000

Adams and Styles Ventures Limited

Amount due to related party 358,752 17,117

Adam London Holdings Ltd 42,686

Amount due from parent company

Adams and Styles Properties Limited

Amount due from related party 165,500 162,500

Allison Lodge Limited

Amount due from related party 6,600 2,601

Saphire Homes Limited

Amount due from related party 150,000 150,000

305 Chase House Limited

Amount due from related party 249,600 234,600

Eurocrest Sub5 Limited

Amount due from related party 3,757 3,757

10.	PARENT COMPANY

Adams London Holdings Limited was the Parent company from 30 June 2024.