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REGISTERED NUMBER: 11656121 (England and Wales)






EJFC PROPERTY LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023






EJFC PROPERTY LTD (REGISTERED NUMBER: 11656121)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


EJFC PROPERTY LTD

COMPANY INFORMATION
for the year ended 30 November 2023







DIRECTORS: A M Clack
Mrs E J Clack





REGISTERED OFFICE: 100 Boldmere Road
Sutton Coldfield
West Midlands
B73 5UB





REGISTERED NUMBER: 11656121 (England and Wales)





ACCOUNTANTS: Weatherer Bailey Bragg
Chartered Accountants
100 Boldmere Road
Sutton Coldfield
West Midlands
B73 5UB

EJFC PROPERTY LTD (REGISTERED NUMBER: 11656121)

BALANCE SHEET
30 November 2023

30/11/23 30/11/22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 155,889 155,889

CURRENT ASSETS
Debtors 5 20,210 20,000
Cash at bank 9,361 6,861
29,571 26,861
CREDITORS
Amounts falling due within one year 6 183,180 183,120
NET CURRENT LIABILITIES (153,609 ) (156,259 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,280

(370

)

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 2,279 (371 )
SHAREHOLDERS' FUNDS 2,280 (370 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 1 August 2024 and were signed on its behalf by:





A M Clack - Director


EJFC PROPERTY LTD (REGISTERED NUMBER: 11656121)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 November 2023

1. STATUTORY INFORMATION

EJFC Property Ltd 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 at the 30 November 2023 the balance sheet reflects net current liabilities of £153,609. However, included within creditors due within one year is an amount due to the parent company of £180,000. The parent company has given assurance that they will continue to support the company and will not request repayment of this amount until other creditors of the company have been settled. As such, the directors consider the going concern basis of preparation to be appropriate.

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.

At each reporting date, the directors consider the fair value of investment properties.

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 NIL (2022 - NIL).

EJFC PROPERTY LTD (REGISTERED NUMBER: 11656121)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 November 2023

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022
and 30 November 2023 155,889
NET BOOK VALUE
At 30 November 2023 155,889
At 30 November 2022 155,889

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/23 30/11/22
£    £   
Amounts owed by group undertakings 20,000 20,000
Prepayments 210 -
20,210 20,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/23 30/11/22
£    £   
Trade creditors 331 -
Amounts owed to group undertakings 180,000 180,000
Corporation tax payable 622 532
Directors' loan accounts - 403
Accrued expenses 2,227 2,185
183,180 183,120

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30/11/23 30/11/22
value: £    £   
1 Ordinary £1 1 1

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2023 and 30 November 2022:

30/11/23 30/11/22
£    £   
A M Clack and Mrs E J Clack
Balance outstanding at start of year (403 ) 1,246
Amounts advanced 403 2,950
Amounts repaid - (4,599 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - (403 )

No interest is charged on directors loans. Amounts are repayable on demand.

EJFC PROPERTY LTD (REGISTERED NUMBER: 11656121)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 November 2023

9. PARENT UNDERTAKING

A M Clack Limited, a company registered in England & Wales is regarded as the parent company. The registered office address for A M Clack Limited is 100 Boldmere Road, Sutton Coldfield, West Midlands, B73 5UB.