Company Registration No. 01733868 (England and Wales)
EUROHOUSE LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2014
EUROHOUSE LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
EUROHOUSE LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 SEPTEMBER 2014
30 September 2014
- 1 -
2014
2013
Notes
£
£
£
£
Fixed assets
Tangible assets
2
100
100
Current assets
Stocks
801,506
845,265
Debtors
9,880
2,579
Cash at bank and in hand
53,029
16,726
864,415
864,570
Creditors: amounts falling due within one year
(34,380)
(127,235)
Net current assets
830,035
737,335
Total assets less current liabilities
830,135
737,435
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
830,035
737,335
Shareholders' funds
830,135
737,435
For the financial year ended 30 September 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 16 March 2015
Mrs V E A Parker
Director
Company Registration No. 01733868
EUROHOUSE LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2014
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts derived from development activities and is recognised when the right to consideration becomes certain, which is usually at the point contracts are exchanged on the sale of a property. Development activity is undertaken at the risk of the company and prior to entering into a contract for sale. Rental income is recognised when it falls due.amounts derived from development activities and is recognised when the right to consideration becomes certain, which is usually at the point contracts are exchanged on the sale of a property. Development activity is undertaken at the risk of the company and prior to entering into a contract for sale. Rental income is recognised when it falls due.
1.4
Tangible fixed assets and depreciation
Freehold land and buildings are not depreciated.
1.5
Stock and work in progress
Work in progress is valued at the lower of cost and net realisable value. Cost in respect of development properties includes acquisition expenses and the cost of improvements.
2
Fixed assets
Tangible assets
£
Cost
At 1 October 2013 & at 30 September 2014
100
At 30 September 2013
100
3
Share capital
2014
2013
£
£
Allotted, called up and fully paid
100 ordinary shares of £1 each
100
100
