Eurasia Corporation Ltd - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 03688106 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 December 2013

for

Eurasia Corporation Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Accountants' Report

6

DIRECTOR:

Mrs M Cheung

SECRETARY:

A Cheung

REGISTERED OFFICE:

10 Beverley Road

London

W4 2LP

REGISTERED NUMBER:

03688106 (England and Wales)

ACCOUNTANTS:

Grashoff & Co

35 Whellock Road

London

W4 1DY

FIXED ASSETS

Tangible assets

2

1,243

1,553

Investments

3

1

1

Investment property

4

1,000,000

430,215

1,001,244

431,769

CURRENT ASSETS

Debtors

-

1,808

Cash at bank

70,854

67,641

70,854

69,449

CREDITORS

Amounts falling due within one year

65,407

56,957

NET CURRENT ASSETS

5,447

12,492

TOTAL ASSETS LESS CURRENT LIABILITIES

1,006,691

444,261

CREDITORS

Amounts falling due after more than one year

243,378

243,378

NET ASSETS

763,313

200,883

CAPITAL AND RESERVES

Called up share capital

5

100

100

Revaluation reserve

737,962

170,588

Profit and loss account

25,251

30,195

SHAREHOLDERS' FUNDS

763,313

200,883

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2013 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 29 July 2014 and were signed by:

Mrs M Cheung - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on a going concern basis as in the opinion of the director this is the

appropriate basis and is subject, in part or entirely, to the continuing support of the company's director. In the

opinion of the director, this support will continue for the foreseeable future.

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the revaluation

of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective April

2008).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

market value is transferred to a revaluation reserve.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Investment properties

In accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008):

a) Investment properties are revalued annually by the Directors and the aggregate surplus or deficit is transferred

to a revaluation reserve; and

b) No depreciation or amortisation is provided in respect of freehold properties and leasehold investment

properties with over 20 years remaining.

This policy departs from the requirements of the Companies Act 1985 for the overriding purpose of providing a

true and fair view.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2013

and 31 December 2013

32,820

DEPRECIATION

At 1 January 2013

31,267

Charge for year

310

At 31 December 2013

31,577

NET BOOK VALUE

At 31 December 2013

1,243

At 31 December 2012

1,553

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 January 2013

and 31 December 2013

1

NET BOOK VALUE

At 31 December 2013

1

At 31 December 2012

1

The company's investments at the balance sheet date in the share capital of companies include the following:

Associated company

8 Strathmore Gardens Management Ltd

Nature of business: Freehold property

%

Class of shares:

holding

Ordinary

25.00

30.4.13

30.4.12

£

£

Aggregate capital and reserves

4

4

4.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 January 2013

430,215

Additions

2,411

Revaluations

567,374

At 31 December 2013

1,000,000

NET BOOK VALUE

At 31 December 2013

1,000,000

At 31 December 2012

430,215

The property has an unexpired lease in excess of 50 years. The investment property is a long lease. The

company also owns a 25% share of the limited company that owns the freehold of that same property.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.13

31.12.12

value:

£

£

100

Ordinary

£1

100

100

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Eurasia Corporation Ltd for the year ended 31 December 2013 which comprise the Profit and

Loss Account, the Balance Sheet, the Statement of Total Recognised Gains and Losses 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject

to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the director of Eurasia Corporation Ltd in accordance with our terms of engagement. Our

work has been undertaken solely to prepare for your approval the financial statements of Eurasia Corporation Ltd and

state those matters that we have agreed to state to the director of Eurasia Corporation Ltd in this report in accordance

with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume

responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Eurasia Corporation Ltd 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 Eurasia

Corporation Ltd. You consider that Eurasia Corporation Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Eurasia Corporation Ltd. 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.

Grashoff & Co

35 Whellock Road

London

W4 1DY

Date: .............................................