European Building Enterprise Limited
European Building Enterprise Limited
Registered number: 05113397
Unaudited Financial Statements
For The Year Ended 31 October 2019
European Building Enterprise Limited
Unaudited Financial Statements
For The Year Ended 31 October 2019
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Balance Sheet | 1—2 |
| Notes to the Financial Statements | 3—4 |
European Building Enterprise Limited
Balance Sheet
As at
31 October 2019
Balance Sheet
Registered number:
05113397
For the year ending 31 October 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
| 2019 | 2018 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Investments | 3 |
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| CURRENT ASSETS | |||||
| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 4 |
( |
( |
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| NET CURRENT ASSETS (LIABILITIES) |
( |
( |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
( |
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| NET LIABILITIES |
( |
( |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 5 |
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| Profit and Loss Account |
( |
( |
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| SHAREHOLDERS' FUNDS | (10,467) | (10,007) | |||
Page 1
European Building Enterprise Limited
Balance Sheet (continued)
As at
31 October 2019
Directors' responsibilities:
-
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. -
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime. - The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
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Director
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The notes on pages 3 to 4 form part of these financial statements.
Page 2
European Building Enterprise Limited
Notes to the Financial Statements
For The Year Ended 31 October 2019
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
1.3.
Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.
Average Number of Employees
Average number of employees, including directors, during the year was as follows: NIL (2017: NIL)
3.
Investments
| Unlisted | |
|---|---|
| £ | |
| Cost | |
| As at |
364,545 |
| As at |
364,545 |
| Provision | |
| As at |
- |
| As at |
- |
| Net Book Value | |
| As at |
364,545 |
| As at |
364,545 |
The investments are stated at cost. No consolidated financial statements have been prepared as to do so would cause undue cost and delay and will be of no material value to the members of the company.Investments represents the following:-
The company is an holding company holding 90% £364,545 of Sara Appalti Spa, an Italian company
Page 3
European Building Enterprise Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 October 2019
4.
Creditors: Amounts Falling Due Within One Year
| 2019 | 2018 | ||
|---|---|---|---|
| £ | £ | ||
| Trade creditors |
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| Share Holder Loan |
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| Accruals and deferred income |
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5.
Share Capital
| 2019 | 2018 | ||
|---|---|---|---|
| Allotted, Called up and fully paid |
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6.
Ultimate Controlling Party
The company's ultimate controlling party is Mr Marcello Saraca by virtue of his ownership of more than 75% of the issued share capital in the company.
7.
General Information
European Building Enterprise Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05113397 . The registered office is 10 Philpot Lane, London, EC3M 8AA.
Page 4