EURO GROUP PROPERTIES LTD

	Page
Statement of Financial Position	1—2
Statement of Changes in Equity	3
Notes to the Financial Statements	4—8

Registered number: 13260057

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,203		-
Investment Properties	5		10,105,105		10,082,105

			10,106,308		10,082,105
CURRENT ASSETS
Debtors	6	2,863,113		447,888
Cash at bank and in hand		449,516		101,162

		3,312,629		549,050
Creditors: Amounts Falling Due Within One Year	7	(4,142,747 )		(4,209,167 )

NET CURRENT ASSETS (LIABILITIES)			(830,118 )		(3,660,117 )

TOTAL ASSETS LESS CURRENT LIABILITIES			9,276,190		6,421,988

Creditors: Amounts Falling Due After More Than One Year	8		(8,219,142 )		(5,388,629 )

PROVISIONS FOR LIABILITIES
Deferred Taxation	10		(119,203 )		(119,203 )

NET ASSETS			937,845		914,156

CAPITAL AND RESERVES
Called up share capital	11		100		100
Fair value reserve	13		508,181		508,181
Income Statement			429,564		405,875

SHAREHOLDERS' FUNDS			937,845		914,156

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EURO GROUP PROPERTIES LTD

Statement of Financial Position (continued)

As At 31 March 2025

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.

On behalf of the board

Mr Gurdeep Hazran

Director

25/08/2026

The notes on pages 4 to 8 form part of these financial statements.

	Share Capital	Fair value reserve	Income Statement	Total
	£	£	£	£
As at 1 April 2023	100	508,181	269,482	777,763
Profit for the year and total comprehensive income	-	-	136,393	136,393

As at 31 March 2024 and 1 April 2024	100	508,181	405,875	914,156


Profit for the year and total comprehensive income	-	-	23,689	23,689

As at 31 March 2025	100	508,181	429,564	937,845

1. General Information

EURO GROUP PROPERTIES LTD is a private company, limited by shares, incorporated in England & Wales, registered number 13260057 . The registered office is Unit 5 Kelvin Industrial Estate, Greenford, UB6 8GB.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery

25% of Reducing Balance

2.4. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the income statement.

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EURO GROUP PROPERTIES LTD

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.6. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the income statement as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2024: NIL)

4. Tangible Assets

	Plant & Machinery
	£
Cost
As at 1 April 2024	-
Additions	1,604

As at 31 March 2025	1,604

...CONTINUED

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EURO GROUP PROPERTIES LTD

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

Depreciation
As at 1 April 2024	-
Provided during the period	401

As at 31 March 2025	401

Net Book Value
As at 31 March 2025	1,203

As at 1 April 2024	-

5. Investment Property

	2025
	£
Fair Value
As at 1 April 2024	10,082,105
Additions	23,000

As at 31 March 2025	10,105,105

If investment property had been accounted for under historical cost accounting rules, the amounts would be:

	2025	2024
	£	£
Cost	-	7,275,666

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	84,511	193,056
Amounts owed by participating interests	2,424,279	236,067
Other debtors	354,323	18,765

	2,863,113	447,888

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EURO GROUP PROPERTIES LTD

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	17,568	220,873
Bank loans and overdrafts	421,200	533,736
Amounts owed to participating interests	-	154,530
Other creditors	3,451,337	3,125,054
Taxation and social security	252,642	174,974

	4,142,747	4,209,167

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	4,019,142	5,290,179
Other creditors	4,200,000	98,450

	8,219,142	5,388,629

9. Loans

An analysis of the maturity of loans is given below:

	2025	2024
	£	£
Amounts falling due within one year or on demand:
Bank loans	421,200	533,736

	2025	2024
	£	£
Amounts falling due between one and five years:
Bank loans	4,019,142	5,290,179

10. Deferred Taxation

The provision for deferred tax is made up as follows:

	2025	2024
	£	£
Accelerated capital allowances	119,203	119,203

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EURO GROUP PROPERTIES LTD

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

11. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

12. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 April 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 March 2025
	£	£	£	£	£
Mr Gurdeep Hazran	(3,042,708 )	9,264	-	-	(3,033,444 )

The above loan is unsecured, interest free and repayable on demand.

13. Reserves

	Fair value reserve	Income Statement
	£	£
As at 1 April 2024	508,181	405,875
Profit for the year and total comprehensive income	-	23,689

As at 31 March 2025	508,181	429,564

14. Related Party Disclosures

At the balance sheet date, the company is owed £197,433.71 (2024 : £37570.62) by it's related company Euro group investments ltd where the director Mr. Guarded Singh Hazran is also a director and shareholder.

At the balance sheet date, the company owed £140,800.00 (2024 : £154,530.00) to it's related company Euro group industries ltd where the director Mr. Gurdeep Singh Hazran is also a director and shareholder.

At the balance sheet date, the company is owed £329,192.63 (2024 : £72,921.62)by it's relatedcompany EGI &

UKB ltd i where the director Mr. Gurdeep Singh Hazran is also a director and shareholder.

At the balance sheet date, the company is owed £118,700.00 (2024 : £125,575.00)by it's relatedcompany Euro group residentials ltd where the director Mr. Gurdeep Singh Hazran is also a director and shareholder.

At the balance sheet date, the company is owed £1,919,752.28 (2024 : £0)by it's relatedcompany Euro group tyseley where the director Mr. Gurdeep Singh Hazran is also a director and shareholder.

15. Controlling Parties

The company's ultimate controlling party is Gurdeep Singh HAZRAN by virtue of their interest in the share capital of the company.

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