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REGISTERED NUMBER: 05825510 (England and Wales)











EMJ Properties Limited

Unaudited Financial Statements

for the Year Ended 31 May 2024






EMJ Properties Limited (Registered number: 05825510)

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










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


EMJ Properties Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: M K Gandhi
Ms E J Gandhi





SECRETARY: Ms E J Gandhi





REGISTERED OFFICE: 2 Thurso
Amington Fields
Tamworth
Staffordshire
B77 3RA





REGISTERED NUMBER: 05825510 (England and Wales)





ACCOUNTANTS: Haines Watts Tamworth Limited
Sterling House
97 Lichfield Street
Tamworth
Staffordshire
B79 7QF

EMJ Properties Limited (Registered number: 05825510)

Statement of Financial Position
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,255 1,236
Investment property 5 1,419,300 1,419,300
1,420,555 1,420,536

CURRENT ASSETS
Debtors 6 4,200 -
Cash at bank 19,525 15,165
23,725 15,165
CREDITORS
Amounts falling due within one year 7 1,084,269 394,773
NET CURRENT LIABILITIES (1,060,544 ) (379,608 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

360,011

1,040,928

CREDITORS
Amounts falling due after more than one year 8 - (620,757 )

PROVISIONS FOR LIABILITIES (276 ) (276 )
NET ASSETS 359,735 419,895

CAPITAL AND RESERVES
Called up share capital 10 2 2
Fair value reserve 11 364,300 364,300
Retained earnings (4,567 ) 55,593
SHAREHOLDERS' FUNDS 359,735 419,895

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

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

EMJ Properties Limited (Registered number: 05825510)

Statement of Financial Position - continued
31 May 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 Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 August 2024 and were signed on its behalf by:





M K Gandhi - Director


EMJ Properties Limited (Registered number: 05825510)

Notes to the Financial Statements
for the Year Ended 31 May 2024


1. STATUTORY INFORMATION

EMJ 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 and value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 15% on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 1 (2023 - 1 ) .

EMJ Properties Limited (Registered number: 05825510)

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


4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 June 2023 2,607
Additions 227
At 31 May 2024 2,834
DEPRECIATION
At 1 June 2023 1,371
Charge for year 208
At 31 May 2024 1,579
NET BOOK VALUE
At 31 May 2024 1,255
At 31 May 2023 1,236

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023
and 31 May 2024 1,419,300
NET BOOK VALUE
At 31 May 2024 1,419,300
At 31 May 2023 1,419,300

Fair value at 31 May 2024 is represented by:
£   
Valuation in 2017 28,294
Valuation in 2022 364,300
Cost 1,026,706
1,419,300

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

2024 2023
£    £   
Cost 1,026,706 1,026,706

Investment property was valued on an open market basis on 31 May 2022 by reference to the property market .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 4,200 -

EMJ Properties Limited (Registered number: 05825510)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 1,084,269 394,773

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 620,757

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 620,757

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans - 620,757

Bank loans are secured by fixed and floating charges over the assets of the company, both present and future.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

11. RESERVES
Fair
value
reserve
£   
At 1 June 2023
and 31 May 2024 364,300

12. RELATED PARTY DISCLOSURES

At 31 May 2024 the company owed the directors £1,088,869 (2022: £392,773).