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REGISTERED NUMBER: 10023919 (England and Wales)












Unaudited Financial Statements

for the Year Ended 28 February 2023

for

EJN ENTERPRISES LIMITED

EJN ENTERPRISES LIMITED (REGISTERED NUMBER: 10023919)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EJN ENTERPRISES LIMITED

Company Information
for the Year Ended 28 February 2023







DIRECTOR: D J Hammond





REGISTERED OFFICE: 100 Church Street
Brighton
East Sussex
BN1 1UJ





REGISTERED NUMBER: 10023919 (England and Wales)





ACCOUNTANTS: Paddenburg & Co Limited
100 Church Street
Brighton
East Sussex
BN1 1UJ

EJN ENTERPRISES LIMITED (REGISTERED NUMBER: 10023919)

Balance Sheet
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,734,840 1,100,000

CURRENT ASSETS
Cash at bank 122,572 572,312

CREDITORS
Amounts falling due within one year 5 622,834 638,590
NET CURRENT LIABILITIES (500,262 ) (66,278 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,234,578

1,033,722

CREDITORS
Amounts falling due after more than one
year

6

(922,785

)

(655,739

)

PROVISIONS FOR LIABILITIES 7 (67,348 ) (67,348 )
NET ASSETS 244,445 310,635

CAPITAL AND RESERVES
Called up share capital 100 100
Undistributable reserve 8 287,114 354,462
Retained earnings 8 (42,769 ) (43,927 )
244,445 310,635

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

EJN ENTERPRISES LIMITED (REGISTERED NUMBER: 10023919)

Balance Sheet - continued
28 February 2023


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 September 2023 and were signed by:





D J Hammond - Director


EJN ENTERPRISES LIMITED (REGISTERED NUMBER: 10023919)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

EJN Enterprises Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2022 1,100,000
Additions 634,840
At 28 February 2023 1,734,840
NET BOOK VALUE
At 28 February 2023 1,734,840
At 28 February 2022 1,100,000

EJN ENTERPRISES LIMITED (REGISTERED NUMBER: 10023919)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. INVESTMENT PROPERTY - continued

Fair value at 28 February 2023 is represented by:
£   
Valuation in 2018 60,950
Valuation in 2019 8,873
Valuation in 2021 152,145
Valuation in 2022 132,494
Cost 1,380,378
1,734,840

All investment properties were valued on an open market basis on 28 February 2023 by the director .

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax - 18,344
Social security and other taxes 277 171
Directors' loan accounts 618,237 615,755
Accrued expenses 4,320 4,320
622,834 638,590

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other loans more 5yrs non-inst 922,785 655,739

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 922,785 655,739

7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 67,348 67,348

Deferred
tax
£   
Balance at 1 March 2022 67,348
Accelerated capital allowances
Balance at 28 February 2023 67,348

EJN ENTERPRISES LIMITED (REGISTERED NUMBER: 10023919)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

8. RESERVES
Retained Undistributable
earnings reserve Totals
£    £    £   

At 1 March 2022 (43,927 ) 354,462 310,535
Deficit for the year (66,190 ) (66,190 )
Adjustment 67,348 (67,348 ) -
At 28 February 2023 (42,769 ) 287,114 244,345

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is D J Hammond.