Company Registration No. 01733868 (England and Wales)
EUROHOUSE LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016
EUROHOUSE LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
EUROHOUSE LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 SEPTEMBER 2016
30 September 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
100
100
Current assets
Stocks
1,002,531
755,304
Debtors
2,800
7,382
Cash at bank and in hand
18,188
264,418
1,023,519
1,027,104
Creditors: amounts falling due within one year
(23,498)
(46,246)
Net current assets
1,000,021
980,858
Total assets less current liabilities
1,000,121
980,958
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
1,000,021
980,858
Shareholders' funds
1,000,121
980,958
For the financial year ended 30 September 2016 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 and authorised for issue on 3 April 2017
Mrs V E A Parker
Director
Company Registration No. 01733868
EUROHOUSE LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016
- 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 January 2015). 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).
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
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
Land and buildings Freehold
No depreciation is provided
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. Cost in respect of development properties includes acquisition expenses and the cost of improvements.
2
Fixed assets
Tangible assets
£
Cost
At 1 October 2015 & at 30 September 2016
100
At 30 September 2015
100
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 ordinary shares of £1 each
100
100
