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REGISTERED NUMBER: 11206286 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

EJ STEWART PROPERTIES LIMITED

EJ STEWART PROPERTIES LIMITED (REGISTERED NUMBER: 11206286)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Certified Accountants' Report 8

EJ STEWART PROPERTIES LIMITED

Company Information
for the Year Ended 31 March 2023







DIRECTORS: J P Stewart
Mrs E C Stewart





REGISTERED OFFICE: Knightway House
Park Street
Bagshot
United Kingdom
GU19 5AQ





REGISTERED NUMBER: 11206286 (England and Wales)





ACCOUNTANTS: A W Associates
Regus, Building 2
Guildford Business Park Road
Guildford
Surrey
GU2 8XG

EJ STEWART PROPERTIES LIMITED (REGISTERED NUMBER: 11206286)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 18,261 30,270
Investment property 5 1,909,568 1,909,568
1,927,829 1,939,838

CURRENT ASSETS
Debtors 6 14,514 5,332
Cash at bank 52,919 50,835
67,433 56,167
CREDITORS
Amounts falling due within one year 7 74,564 44,213
NET CURRENT (LIABILITIES)/ASSETS (7,131 ) 11,954
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,920,698

1,951,792

CREDITORS
Amounts falling due after more than
one year

8

(1,807,627

)

(1,878,011

)

PROVISIONS FOR LIABILITIES (3,470 ) (5,743 )
NET ASSETS 109,601 68,038

EJ STEWART PROPERTIES LIMITED (REGISTERED NUMBER: 11206286)

Balance Sheet - continued
31 March 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 109,501 67,938
109,601 68,038

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 31 October 2023 and were signed on its behalf by:





J P Stewart - Director


EJ STEWART PROPERTIES LIMITED (REGISTERED NUMBER: 11206286)

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

1. STATUTORY INFORMATION

EJ Stewart Properties 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost

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.

EJ STEWART PROPERTIES LIMITED (REGISTERED NUMBER: 11206286)

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

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 66,606
Additions 1,619
At 31 March 2023 68,225
DEPRECIATION
At 1 April 2022 36,336
Charge for year 13,628
At 31 March 2023 49,964
NET BOOK VALUE
At 31 March 2023 18,261
At 31 March 2022 30,270

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022
and 31 March 2023 1,909,568
NET BOOK VALUE
At 31 March 2023 1,909,568
At 31 March 2022 1,909,568

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2023 1,909,568

EJ STEWART PROPERTIES LIMITED (REGISTERED NUMBER: 11206286)

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

5. INVESTMENT PROPERTY - continued

If investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 1,909,568 1,909,568

Investment property was valued on an open market basis on 31 March 2023 by the Directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 7,554 2,047
Other debtors 6,960 3,285
14,514 5,332

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 10,746 4,747
Taxation and social security 26,183 10,031
Other creditors 37,635 29,435
74,564 44,213

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Trade creditors 29,627 29,411
Other creditors 1,778,000 1,848,600
1,807,627 1,878,011

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 1,249,999 1,250,000

Repayable by instalments
Other loans more 5yrs instal 466,667 516,666

EJ STEWART PROPERTIES LIMITED (REGISTERED NUMBER: 11206286)

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

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
J P Stewart
Balance outstanding at start of year - -
Amounts advanced 1,885 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,885 -

10. RELATED PARTY DISCLOSURES

As at 31st March 2023 the company owed the Directors of the company £1,778,000 (2022 £1,848,600). Interest is payable on the loan at market rate during the period and is due for repayment by 1st August 2038.

During the year the company charged management charges amounting to £37,695 and recharged expenses incurred amounting to £7,347 to EJ Stewart Ltd, a company in which Mr J Stewart and Mrs E Stewart are both Directors and shareholders in.

Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
EJ Stewart Properties Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of EJ Stewart Properties Limited for the year ended 31 March 2023 which comprise the Income Statement, Balance Sheet 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of EJ Stewart Properties Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of EJ Stewart Properties Limited and state those matters that we have agreed to state to the Board of Directors of EJ Stewart Properties Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that EJ Stewart Properties Limited 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 profit of EJ Stewart Properties Limited. You consider that EJ Stewart Properties Limited 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 EJ Stewart Properties Limited. 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.






A W Associates
Regus, Building 2
Guildford Business Park Road
Guildford
Surrey
GU2 8XG


2 November 2023