ACCOUNTS - Final Accounts preparation

EUTOPIA INVESTMENTS EXETER LIMITED - Company Information

Caseware UK (AP4) 2023.0.135 2023.0.135 2023-06-302023-06-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falsefalse2022-06-08No description of principal activity1truetrue 14157966 2022-06-07 14157966 2022-06-08 2023-06-30 14157966 2021-06-08 2022-06-07 14157966 2023-06-30 14157966 c:Director1 2022-06-08 2023-06-30 14157966 d:CurrentFinancialInstruments 2023-06-30 14157966 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 14157966 d:ShareCapital 2023-06-30 14157966 d:RetainedEarningsAccumulatedLosses 2023-06-30 14157966 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-06-30 14157966 c:OrdinaryShareClass1 2022-06-08 2023-06-30 14157966 c:OrdinaryShareClass1 2023-06-30 14157966 c:OrdinaryShareClass2 2022-06-08 2023-06-30 14157966 c:OrdinaryShareClass2 2023-06-30 14157966 c:FRS102 2022-06-08 2023-06-30 14157966 c:AuditExemptWithAccountantsReport 2022-06-08 2023-06-30 14157966 c:FullAccounts 2022-06-08 2023-06-30 14157966 c:PrivateLimitedCompanyLtd 2022-06-08 2023-06-30 14157966 6 2022-06-08 2023-06-30 14157966 e:PoundSterling 2022-06-08 2023-06-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 14157966

EUTOPIA INVESTMENTS EXETER LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 JUNE 2023

EUTOPIA INVESTMENTS EXETER LIMITED

REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF EUTOPIA INVESTMENTS EXETER LIMITED
FOR THE PERIOD ENDED 30 JUNE 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Eutopia Investments Exeter Limited for the period ended 30 June 2023 which comprise the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal .com/uk/en/about-us /regulation/ethics /acca-rulebook.html.

This report is made solely to the director of Eutopia Investments Exeter Limited in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Eutopia Investments Exeter Limited and state those matters that we have agreed to state to the director of Eutopia Investments Exeter Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal .com/content/dam/ACCA_Global /Technical /fact/technical-factsheet -163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Eutopia Investments Exeter Limited and its director for our work or for this report.

It is your duty to ensure that Eutopia Investments Exeter Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Eutopia Investments Exeter Limited. You consider that Eutopia Investments Exeter Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or review of the financial statements of Eutopia Investments Exeter Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Auker Hutton Accountancy Limited

Chartered Certified Accountants

The Stables

Little Coldharbour Farm

Tong Lane, Lamberhurst

Tunbridge Wells

Kent

TN3 8AD

8 March 2024

Page 1

EUTOPIA INVESTMENTS EXETER LIMITED

REGISTERED NUMBER: 14157966

BALANCE SHEET

AS AT 30 JUNE 2023

		2023
Note		£

Fixed assets
Investments	4		85
Current assets
Debtors: amounts falling due within one year	5	900,140
		900,140
Creditors: amounts falling due within one year	6	(660)
Net current assets			899,480
Total assets less current liabilities			899,565

Net assets			899,565

Capital and reserves
Called up share capital			900,100
Profit and loss account			(535)
			899,565

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

Scott Hammond

Director

Date: 8 March 2024

The notes on pages 3 to 6 form part of these financial statements.

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EUTOPIA INVESTMENTS EXETER LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 JUNE 2023

1.Accounting policies

1.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

1.2

Current and deferred taxation

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

1.3

Valuation of investments

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

1.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

1.5

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 3

EUTOPIA INVESTMENTS EXETER LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 JUNE 2023

1.Accounting policies (continued)

1.6

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.

Increases in provisions are generally charged as an expense to profit or loss.

1.7

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

2.	General information

Eutopia Investments Exeter Limited is a limited company incorporated in England and Wales. The Company's registered office address is The Stables, Little Coldharbour Farm, Tong Lane, Lamberhurst, Tunbridge Wells, Kent, TN3 8AD.

Employees

The average monthly number of employees, including directors, during the period was 1.

Page 4

EUTOPIA INVESTMENTS EXETER LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 JUNE 2023

4.	Fixed asset investments

		Unlisted investments
		£
	Cost or valuation
	Additions	85
	At 30 June 2023	85

Debtors

					2023
					£


	Other debtors	900,015
	Deferred taxation	125
		900,140

6.	Creditors: Amounts falling due within one year
		2023
		£

	Other creditors	660

7.	Financial instruments
		2023
		£

	Financial assets
	Financial assets measured at fair value through profit or loss	85

Financial assets measured at fair value through profit or loss comprise unlisted investments.

Page 5

EUTOPIA INVESTMENTS EXETER LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 JUNE 2023

8.	Share capital
		2023
		£

		Allotted, called up and fully paid

		900,000 A Ordinary shares of £1.00 each	900,000
		100 B Ordinary shares of £1.00 each	100

			900,100

During the period, 900,000 A Ordinary shares of £1.00 and 100 B Ordinary shares of £1.00 were allotted and fully paid at par.

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