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REGISTERED NUMBER: 08006116 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 July 2023

for

Eph Investments Limited

Eph Investments Limited (Registered number: 08006116)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Eph Investments Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: E P Hazelwood
P Hazelwood





REGISTERED OFFICE: 8 Mercia Business Village
Coventry
West Midlands
CV4 8HX





REGISTERED NUMBER: 08006116 (England and Wales)





ACCOUNTANTS: Leigh Christou Ltd
Chartered Certified Accountants
Leofric House
Binley Road
Coventry
CV3 1JN

Eph Investments Limited (Registered number: 08006116)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investments 5 2,103,255 2,103,267
Investment property 6 3,070,000 2,815,000
5,173,255 4,918,267

CURRENT ASSETS
Debtors 7 24,036 11,249
Cash at bank 46,046 93,008
70,082 104,257
CREDITORS
Amounts falling due within one year 8 1,495,416 1,620,327
NET CURRENT LIABILITIES (1,425,334 ) (1,516,070 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,747,921

3,402,197

CREDITORS
Amounts falling due after more than one
year

9

(900,000

)

(900,000

)

PROVISIONS FOR LIABILITIES (377,746 ) (243,218 )
NET ASSETS 2,470,175 2,258,979

CAPITAL AND RESERVES
Called up share capital 1,212 606
Revaluation reserve 11 1,133,239 1,036,878
Retained earnings 1,335,724 1,221,495
SHAREHOLDERS' FUNDS 2,470,175 2,258,979

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

Eph Investments Limited (Registered number: 08006116)

Balance Sheet - continued
31 July 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 November 2023 and were signed on its behalf by:





E P Hazelwood - Director


Eph Investments Limited (Registered number: 08006116)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Eph Investments 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - Straight line over 4 years

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Taxation
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.

Investments
Fixed asset investments are shown at fair value.

Eph Investments Limited (Registered number: 08006116)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

2. ACCOUNTING POLICIES - continued

Investment properties
Investment properties, being freehold properties held to earn rental income and for capital appreciation are carried at fair value.

Investment property disposals are recognised on completion. Profits and losses arising are recognised through the profit or loss account as determined as the difference between the sales proceeds and the carrying amount of the asset.

Investment properties are not depreciated.

Rental income arising from investment properties is accounted for on a straight-line basis over the lease term.

Interest and dividend income
Interest income is accrued on a time basis, by reference to the principal outstanding and at the effective interest rate applicable.

Dividend income is recognised when the shareholders' rights to receive payment have been established.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 August 2022
and 31 July 2023 7,728
DEPRECIATION
At 1 August 2022
and 31 July 2023 7,728
NET BOOK VALUE
At 31 July 2023 -
At 31 July 2022 -

Eph Investments Limited (Registered number: 08006116)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

5. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST OR VALUATION
At 1 August 2022 510 2,102,757 2,103,267
Additions 1 171,580 171,581
Disposals - (159,350 ) (159,350 )
Revaluations - (12,243 ) (12,243 )
At 31 July 2023 511 2,102,744 2,103,255
NET BOOK VALUE
At 31 July 2023 511 2,102,744 2,103,255
At 31 July 2022 510 2,102,757 2,103,267

Cost or valuation at 31 July 2023 is represented by:

Shares in
group Other
undertakings investments Totals
£    £    £   
Valuation in 2016 - 197,749 197,749
Valuation in 2017 - 291,946 291,946
Valuation in 2018 - 20,600 20,600
Valuation in 2019 - (29,650 ) (29,650 )
Valuation in 2020 - (60,823 ) (60,823 )
Valuation in 2021 - 392,273 392,273
Valuation in 2022 - (259,098 ) (259,098 )
Valuation in 2023 - (3,246 ) (3,246 )
Cost 511 1,552,993 1,553,504
511 2,102,744 2,103,255

If Fixed asset investments had not been revalued they would have been included at the following historical cost:

31.7.23 31.7.22
£    £   
Cost 1,552,993 1,549,759

Fixed asset investments were valued on a fair value basis on 31 July 2023 by Brooks Macdonald .

Eph Investments Limited (Registered number: 08006116)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2022 2,815,000
Revaluations 255,000
At 31 July 2023 3,070,000
NET BOOK VALUE
At 31 July 2023 3,070,000
At 31 July 2022 2,815,000

Fair value at 31 July 2023 is represented by:
£   
Valuation in 2017 300,544
Valuation in 2021 456,866
Valuation in 2023 255,000
Cost 2,057,590
3,070,000

If Investment Property had not been revalued 2023 would have been included at the following historical cost:

31.7.23 31.7.22
£    £   
Cost 2,057,590 2,057,590

Investment properties are valued based upon mortgage valuation reports prepared by Boothroyd & Company Independant Chartered Surveyors.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 7,708 634
Amounts owed by group undertakings 40 40
Other debtors 16,288 10,575
24,036 11,249

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade creditors 900 -
Amounts owed to group undertakings - 60,000
Taxation and social security 282 9,678
Other creditors 1,494,234 1,550,649
1,495,416 1,620,327

Eph Investments Limited (Registered number: 08006116)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Bank loans 900,000 900,000

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 900,000 900,000

10. SECURED DEBTS

The following secured debts are included within creditors:

31.7.23 31.7.22
£    £   
Bank loans 900,000 900,000

The bank loan is secured upon the investment property.

11. RESERVES
Revaluation
reserve
£   
At 1 August 2022 1,036,878
Fair value adjustments 96,361

At 31 July 2023 1,133,239

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within 'Other creditors' is a sum of £1,483,543 (2022 - £1,535,080) due to the directors in respect of loans made to the company. Interest is charged and the loans have no set terms for repayment.

13. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr and Mrs P Hazelwood.