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REGISTERED NUMBER: 08006116 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 July 2024

for

Eph Investments Limited

Eph Investments Limited (Registered number: 08006116)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Eph Investments Limited

Company Information
for the Year Ended 31 July 2024







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 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investments 5 2,342,541 2,103,255
Investment property 6 3,070,000 3,070,000
5,412,541 5,173,255

CURRENT ASSETS
Debtors 7 6,865 24,036
Cash at bank 61,017 46,046
67,882 70,082
CREDITORS
Amounts falling due within one year 8 1,426,227 1,495,416
NET CURRENT LIABILITIES (1,358,345 ) (1,425,334 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,054,196

3,747,921

CREDITORS
Amounts falling due after more than one
year

9

(900,000

)

(900,000

)

PROVISIONS FOR LIABILITIES (418,651 ) (377,746 )
NET ASSETS 2,735,545 2,470,175

CAPITAL AND RESERVES
Called up share capital 1,212 1,212
Revaluation reserve 11 1,255,955 1,133,239
Retained earnings 1,478,378 1,335,724
SHAREHOLDERS' FUNDS 2,735,545 2,470,175

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 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 2024


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 19 August 2024 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 2024

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 2024

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 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 August 2023
and 31 July 2024 7,728
DEPRECIATION
At 1 August 2023
and 31 July 2024 7,728
NET BOOK VALUE
At 31 July 2024 -
At 31 July 2023 -

Eph Investments Limited (Registered number: 08006116)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

5. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST OR VALUATION
At 1 August 2023 511 2,102,744 2,103,255
Additions - 382,469 382,469
Disposals - (328,068 ) (328,068 )
Revaluations - 184,885 184,885
At 31 July 2024 511 2,342,030 2,342,541
NET BOOK VALUE
At 31 July 2024 511 2,342,030 2,342,541
At 31 July 2023 511 2,102,744 2,103,255

Cost or valuation at 31 July 2024 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 )
Valuation in 2024 - 257,649 257,649
Cost 511 1,534,630 1,535,141
511 2,342,030 2,342,541

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

31.7.24 31.7.23
£    £   
Cost 1,539,690 1,552,993

Fixed asset investments were valued on a fair value basis on 31 July 2024 by Brooks Macdonald .

Eph Investments Limited (Registered number: 08006116)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023
and 31 July 2024 3,070,000
NET BOOK VALUE
At 31 July 2024 3,070,000
At 31 July 2023 3,070,000

Fair value at 31 July 2024 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:

31.7.24 31.7.23
£    £   
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
31.7.24 31.7.23
£    £   
Trade debtors - 7,708
Amounts owed by group undertakings - 40
Other debtors 6,865 16,288
6,865 24,036

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade creditors - 900
Taxation and social security 13,597 282
Other creditors 1,412,630 1,494,234
1,426,227 1,495,416

Eph Investments Limited (Registered number: 08006116)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
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:

31.7.24 31.7.23
£    £   
Bank loans 900,000 900,000

The bank loan is secured upon the investment property.

11. RESERVES
Revaluation
reserve
£   
At 1 August 2023 1,133,239
Fair value adjustments 122,716

At 31 July 2024 1,255,955

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within 'Other creditors' is a sum of £1,387,931 (2023: £1,483,543) 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.