| Euro Atlantic International Ltd |
| Registered number: |
04601370 |
| Balance Sheet |
| as at 30 November 2025 |
|
|
|
|
|
|
|
amended |
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
348,455 |
|
|
347,983 |
|
| Current assets |
| Debtors |
4 |
|
503 |
|
|
15,346 |
| Cash at bank and in hand |
|
|
11,244 |
|
|
8,402 |
|
|
|
11,747 |
|
|
23,748 |
|
| Creditors: amounts falling due within one year |
5 |
|
(209,547) |
|
|
(225,053) |
|
| Net current liabilities |
|
|
|
(197,800) |
|
|
(201,305) |
|
| Total assets less current liabilities |
|
|
|
150,655 |
|
|
146,678 |
|
|
| Provisions for liabilities |
|
|
|
(25,220) |
|
|
(25,220) |
|
|
| Net assets |
|
|
|
125,435 |
|
|
121,458 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
120 |
|
|
120 |
| Revaluation reserve |
6 |
|
|
132,741 |
|
|
132,741 |
| Profit and loss account |
|
|
|
(7,426) |
|
|
(11,403) |
|
| Shareholders' funds |
|
|
|
125,435 |
|
|
121,458 |
|
|
|
|
|
|
|
|
| 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. |
|
|
|
|
| Javed Akhtar Khan |
| Director |
| Approved by the board on 10 August 2026 |
|
| Euro Atlantic International Ltd |
| Notes to the Accounts |
| for the year ended 30 November 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. |
|
|
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: |
|
|
Fixed assets |
25% Written Down Value |
|
Leasehold property |
Not depreciated |
|
Investment property is included in the balance sheet at open market value at the balance sheet date on the basis of an annual valuation by the director. Aggregate surplus of deficits on valuation are transferred to a revaluation reserve. Impairment in value of properties to below their carrying values are charged directly to the profit and loss account. Although this policy is in accordance with applicable accounting standard, but it is departure from requirement of the companies act 2006 for all tangible assets to be depreciated. This accounting policy is necessary for the accounts to give true and fair view. |
|
|
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. |
|
|
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. |
|
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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. |
|
|
Leased assets |
|
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term. |
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
Land and buildings |
|
Plant and machinery etc |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 December 2024 |
214,133 |
|
9,329 |
|
223,462 |
|
Additions |
- |
|
998 |
|
998 |
|
Surplus on revaluation |
132,741 |
|
- |
|
132,741 |
|
At 30 November 2025 |
346,874 |
|
10,327 |
|
357,201 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 December 2024 |
- |
|
8,220 |
|
8,220 |
|
Charge for the year |
- |
|
526 |
|
526 |
|
At 30 November 2025 |
- |
|
8,746 |
|
8,746 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 November 2025 |
346,874 |
|
1,581 |
|
348,455 |
|
At 30 November 2024 |
- |
|
1,109 |
|
347,983 |
|
|
| 4 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Prepayments |
503 |
|
346 |
|
Other debtors |
- |
|
15,000 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Director account- |
39,791 |
|
45,160 |
|
Bank loans secured |
- |
|
12,235 |
|
Loans 1.Shareholders |
65,799 |
|
65,799 |
|
Loan 2 - Shareholders |
98,769 |
|
98,769 |
|
Trade creditors |
1,762 |
|
1,762 |
|
Corporation tax |
1,056 |
|
458 |
|
Other creditors |
2,370 |
|
870 |
|
|
|
|
|
|
209,547 |
|
225,053 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Revaluation reserve |
2025 |
|
2024 |
| £ |
£ |
|
|
At 1 December 2024 |
132,741 |
|
132,741 |
|
|
At 30 November 2025 |
132,741 |
|
132,741 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Contingent liabilities |
|
|
The directors have confirmed that there were no contingent liabilities which should be disclosed at the 30 November 2025. |
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|
| 8 |
Related party transactions & others |
|
|
The bank loans are fully secured on the property and debentures issued in favour of the bank.
Director has given personal gurantees on one of the bank loan.
The director account balance at the year end was £39,791 (2024 £45,160) and has always remained in credit.
Loans from shareholders loan 1 £65,799 (2024 £65,799) and loan 2 £98,769 (2024 £98,769) is interest free and of no set terms. |
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|
| 9 |
Controlling party |
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|
By virtue of jointly owning majority of the issued share capital, Mr S A K Abdul Jalil and Mrs T Abbassi (TA) therefore controls the company. |
|
|
| 10 |
Other information |
|
|
Euro Atlantic International Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
984A |
|
Garratt Lane |
|
London |
|
SW17 0ND |