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REGISTERED NUMBER: 06345613 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

MOUNT EPHRAIM PROJECTS LIMITED

MOUNT EPHRAIM PROJECTS LIMITED (REGISTERED NUMBER: 06345613)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


MOUNT EPHRAIM PROJECTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: Mr I P Solley
Mrs L R Solley





REGISTERED OFFICE: Unit 2.02
High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES





REGISTERED NUMBER: 06345613 (England and Wales)





ACCOUNTANTS: Acuity Professional Partnership LLP
Unit 2.02
High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES

MOUNT EPHRAIM PROJECTS LIMITED (REGISTERED NUMBER: 06345613)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 517,950 519,468

CURRENT ASSETS
Stocks 5 3,152 3,152
Debtors 6 - 485
Cash at bank 965 4,161
4,117 7,798
CREDITORS
Amounts falling due within one year 7 905,155 884,780
NET CURRENT LIABILITIES (901,038 ) (876,982 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(383,088

)

(357,514

)

PROVISIONS FOR LIABILITIES 26,006 26,006
NET LIABILITIES (409,094 ) (383,520 )

CAPITAL AND RESERVES
Called up share capital 8 130 130
Special reserve 132,029 132,029
Retained earnings (541,253 ) (515,679 )
SHAREHOLDERS' FUNDS (409,094 ) (383,520 )

MOUNT EPHRAIM PROJECTS LIMITED (REGISTERED NUMBER: 06345613)

STATEMENT OF FINANCIAL POSITION - continued
30 JUNE 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 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 Board of Directors and authorised for issue on 3 November 2023 and were signed on its behalf by:





Mr I P Solley - Director


MOUNT EPHRAIM PROJECTS LIMITED (REGISTERED NUMBER: 06345613)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023


1. STATUTORY INFORMATION

Mount Ephraim Projects 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.

GOING CONCERN
The company's accounts show net loss in the current year as well as last year. However, the directors have received confirmation from the shareholders of their continued financial support for the foreseeable future and for at least twelve months from the date of signature of these accounts.

TANGIBLE FIXED ASSETS AND DEPRECIATION
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - NIL
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 20% on reducing balance
Computer equipment - 25% on reducing balance

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.

INVESTMENTS
Fixed asset investments are stated at fair value determined by the directors.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 2 ) .

MOUNT EPHRAIM PROJECTS LIMITED (REGISTERED NUMBER: 06345613)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
Cost or valuation
At 1 July 2022 511,343 8,860 1,774 9,613 531,590
Additions - - - 649 649
At 30 June 2023 511,343 8,860 1,774 10,262 532,239
Depreciation
At 1 July 2022 - 4,726 1,475 5,921 12,122
Charge for year - 1,033 60 1,074 2,167
At 30 June 2023 - 5,759 1,535 6,995 14,289
Net book value
At 30 June 2023 511,343 3,101 239 3,267 517,950
At 30 June 2022 511,343 4,134 299 3,692 519,468

Cost or valuation at 30 June 2023 is represented by:

Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
Valuation in 2019 158,036 - - - 158,036
Cost 353,307 8,860 1,774 10,262 374,203
511,343 8,860 1,774 10,262 532,239

5. STOCKS
2023 2022
£    £   
Stocks 3,152 3,152

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors - 485

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 905,155 884,780

MOUNT EPHRAIM PROJECTS LIMITED (REGISTERED NUMBER: 06345613)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
50 Ordinary A £1 50 50
50 Ordinary B £1 50 50
30 Ordinary C,D,E £1 30 30
130 130

9. RESERVES

The retained earnings comprise of the balance of profits accumulated over the life of the company. This reserve is distributable.

The special reserve comprise the balance of fair valuations relating to the investment property net of deferred tax on the gain. This reserve is non-distributable.