EURO STAR ESTATES LTD - Period Ending 2020-06-30
EURO STAR ESTATES LTD - Period Ending 2020-06-30
Registration number:
EURO STAR ESTATES LTD
for the Year Ended 30 June 2020
EURO STAR ESTATES LTD
Contents
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Company Information |
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Directors' Report |
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Profit and Loss Account |
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Statement of Comprehensive Income |
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Balance Sheet |
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Statement of Changes in Equity |
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Notes to the Financial Statements |
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Detailed Profit and Loss Account |
EURO STAR ESTATES LTD
Company Information
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Directors |
Woodford Directors Limited Ms Andreea Ecaterina Mocanu |
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Registered office |
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Accountants |
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EURO STAR ESTATES LTD
Directors' Report for the Year Ended 30 June 2020
The directors present their report and the financial statements for the year ended 30 June 2020.
Directors of the company
The directors who held office during the year were as follows:
Principal activity
The principal activity of the company is that of an investment holding company.
Small companies provision statement
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved by the
.........................................
Director
EURO STAR ESTATES LTD
Profit and Loss Account for the Year Ended 30 June 2020
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Note |
2020 |
2019 |
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Turnover |
- |
- |
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Administrative expenses |
( |
( |
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Operating loss |
( |
( |
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|
Interest payable and similar expenses |
( |
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(850) |
182 |
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Loss before tax |
( |
( |
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Loss for the financial year |
( |
( |
The above results were derived from continuing operations.
The company has no recognised gains or losses for the year other than the results above.
EURO STAR ESTATES LTD
Statement of Comprehensive Income for the Year Ended 30 June 2020
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2020 |
2019 |
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Loss for the year |
( |
( |
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Total comprehensive income for the year |
( |
( |
EURO STAR ESTATES LTD
(Registration number: 10829179)
Balance Sheet as at 30 June 2020
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Note |
2020 |
2019 |
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Fixed assets |
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Investments |
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Current assets |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current liabilities |
( |
( |
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Net liabilities |
( |
( |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
( |
( |
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Total equity |
( |
( |
For the financial year ending 30 June 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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• |
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• |
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved and authorised by the
.........................................
Director
EURO STAR ESTATES LTD
Statement of Changes in Equity for the Year Ended 30 June 2020
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Share capital |
Profit and loss account |
Total |
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At 1 July 2019 |
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( |
( |
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Loss for the year |
- |
( |
( |
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Total comprehensive income |
- |
( |
( |
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At 30 June 2020 |
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( |
( |
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Share capital |
Profit and loss account |
Total |
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At 1 July 2018 |
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( |
( |
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Loss for the year |
- |
( |
( |
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Total comprehensive income |
- |
( |
( |
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At 30 June 2019 |
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( |
( |
EURO STAR ESTATES LTD
Notes to the Financial Statements for the Year Ended 30 June 2020
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General information |
The company is a private company limited by share capital, incorporated in England.
The address of its registered office is:
United Kingdom
These financial statements were authorised for issue by the
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Business combinations
Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.
Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
EURO STAR ESTATES LTD
Notes to the Financial Statements for the Year Ended 30 June 2020
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
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Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
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Investments |
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2020 |
2019 |
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Investments in subsidiaries |
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Subsidiaries |
£ |
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Cost or valuation |
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At 1 July 2019 |
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Provision |
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Carrying amount |
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At 30 June 2020 |
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At 30 June 2019 |
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Details of undertakings
Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
EURO STAR ESTATES LTD
Notes to the Financial Statements for the Year Ended 30 June 2020
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Undertaking |
Registered office |
Holding |
Proportion of voting rights and shares held |
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2020 |
2019 |
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Subsidiary undertakings |
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328 Vila Mariana, Sao Paulo
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Ordinary shares |
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Brasil |
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328 Vila Mariana, Sao Paulo
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Ordinary shares |
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Brasil |
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The principal activity of Euro Star Empreendimentos Imobiliarios E Industriais Ltda is |
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The principal activity of Euro Empreendimentos Hoteleiros E Turisticos Ltda is |
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Creditors |
Creditors: amounts falling due within one year
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2020 |
2019 |
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Due within one year |
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Accruals and deferred income |
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Other creditors |
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Share capital |
Allotted, called up and fully paid shares
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2020 |
2019 |
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No. |
£ |
No. |
£ |
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1 |
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1 |
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Related party transactions |
Loans from related parties
EURO STAR ESTATES LTD
Notes to the Financial Statements for the Year Ended 30 June 2020
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2020 |
Other related parties |
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At start of period |
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Advanced |
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Repaid |
( |
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At end of period |
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2019 |
Other related parties |
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At start of period |
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Advanced |
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At end of period |
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Terms of loans from related parties
EURO STAR ESTATES LTD
Detailed Profit and Loss Account for the Year Ended 30 June 2020
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2020 |
2019 |
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Turnover (analysed below) |
- |
- |
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Administrative expenses |
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General administrative expenses (analysed below) |
(15,994) |
(19,807) |
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Finance charges (analysed below) |
(115) |
(77) |
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(16,109) |
(19,884) |
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Operating loss |
(16,109) |
(19,884) |
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Interest payable and similar expenses (analysed below) |
(850) |
182 |
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Loss before tax |
(16,959) |
(19,702) |
EURO STAR ESTATES LTD
Detailed Profit and Loss Account for the Year Ended 30 June 2020
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2020 |
2019 |
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General administrative expenses |
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Accountancy fees |
(750) |
(750) |
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Management fees |
(12,986) |
(11,221) |
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Legal and professional fees |
(2,258) |
(7,836) |
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(15,994) |
(19,807) |
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Finance charges |
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Bank charges |
(115) |
(77) |
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Interest payable and similar expenses |
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Foreign currency (gains)/losses |
(850) |
182 |