BrightAccountsProduction v1.0.0 v1.0.0 2022-10-21 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is that of a holding company. 2 July 2024 1 NI692053 2024-03-31 NI692053 2022-10-20 NI692053 2022-10-21 2024-03-31 NI692053 uk-bus:PrivateLimitedCompanyLtd 2022-10-21 2024-03-31 NI692053 uk-curr:PoundSterling 2022-10-21 2024-03-31 NI692053 uk-bus:SmallCompaniesRegimeForAccounts 2022-10-21 2024-03-31 NI692053 uk-bus:FullAccounts 2022-10-21 2024-03-31 NI692053 uk-core:ShareCapital 2024-03-31 NI692053 uk-core:SharePremium 2024-03-31 NI692053 uk-core:RetainedEarningsAccumulatedLosses 2024-03-31 NI692053 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-03-31 NI692053 uk-bus:FRS102 2022-10-21 2024-03-31 NI692053 uk-core:AdditionsToInvestments 2024-03-31 NI692053 uk-core:CostValuation 2024-03-31 NI692053 uk-core:Associate1 2022-10-21 2024-03-31 NI692053 uk-core:CurrentFinancialInstruments 2024-03-31 NI692053 uk-core:WithinOneYear 2024-03-31 NI692053 2022-10-21 2024-03-31 NI692053 uk-bus:Director1 2022-10-21 2024-03-31 NI692053 uk-bus:AuditExempt-NoAccountantsReport 2022-10-21 2024-03-31 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
 
 
 
Company Registration Number: NI692053
 
 
EJBK Holdings Ltd
 
Unaudited Financial Statements
 
for the financial period from 21 October 2022 (date of incorporation) to 31 March 2024
EJBK Holdings Ltd
Company Registration Number: NI692053
Balance Sheet
as at 31 March 2024

Mar 24
Notes £
 
Fixed Assets
Investments 6 2,391,523
─────────
 
Current Assets
Debtors 7 1,313,959
Creditors: amounts falling due within one year 8 (22,384)
─────────
Net Current Assets 1,291,575
─────────
Total Assets less Current Liabilities 3,683,098
═════════
 
Capital and Reserves
Called up share capital 100
Share premium account 9 2,378,840
Retained earnings 1,304,158
─────────
Equity attributable to owners of the company 3,683,098
═════════
 
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).
       
The company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Director's Report.
       
For the financial period from 21 October 2022 (date of incorporation) to 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
       
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial period in question in accordance with section 476 of the Companies Act 2006.
       
The director acknowledges his responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial period and of its profit and loss for the financial period 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.
       
Approved by the Director and authorised for issue on 2 July 2024
       
       
________________________________      
Eunan Joseph Bruce Kelly      
Director      
       



EJBK Holdings Ltd
Notes to the Financial Statements
for the financial period from 21 October 2022 (date of incorporation) to 31 March 2024

   
1. General Information
 
EJBK Holdings Ltd is a company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI692053. The registered office of the company is 12 Cromac Place, Belfast, BT7 2JB, Belfast, Northern Ireland, BT7 2JB, United Kingdom. The principal activity of the company is that of a holding company. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial period ended 31 March 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Investments
Investments held as fixed assets are stated at cost less provision for any permanent diminution in value. Income from other investments together with any related tax credit is recognised in the Profit and Loss Account in the financial period in which it is receivable.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial period and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
   
3. Period of financial statements
 
The financial statements are for the 17 month 11 days period from 21 October 2022 (date of incorporation) to 31 March 2024.
   
4. Statement on previous periods
 
The company did not present financial statements for previous periods.
     
5. Employees
 
The average monthly number of employees during the financial period was 1, (Oct 22 - 1).
 
  Mar 24
  Number
 
Director 1
  ═════════
     
6. Investments
  Group and
  participating
  interests/
  joint ventures
Investments £
Cost
Additions 2,391,523
  ─────────
At 31 March 2024 2,391,523
  ─────────
Net book value
At 31 March 2024 2,391,523
  ═════════
             
6.1. Holdings in related undertakings
The company holds 20% or more of the share capital of the following companies:
 
  Country Nature   Details Proportion
  of of   of held by
Name incorporation and address of Registered Office business   investment company
 
Participating interests and
joint ventures
Ipower Flexible Energy Ltd Carnmoney House, Edgewater Road, Belfast, County Antrim, Northern Ireland, BT3 9JQ Energy generation   Ordinary shares 28%
 
In the opinion of the director, the value to the company of the unlisted investments is not less than the book amount shown above.
     
7. Debtors Mar 24
  £
 
Amounts owed by related parties 1,313,958
Other debtors 1
  ─────────
  1,313,959
  ═════════
     
8. Creditors Mar 24
Amounts falling due within one year £
 
Accruals 22,384
  ═════════
   
9. Reserves
 
Share Premium Reserve
 
The share premium reserve arose from the issue of shares during the financial period ended 31st March 2024.
 
     
10. Capital commitments
 
The company had no material capital commitments at the financial period-ended 31 March 2024.
         
11. Related party transactions
 
Net balances with related parties:
      Mar 24
      £
 
Trading amounts (due from) related parties     (1,313,958)
      ═════════
 
The company received dividends from iPower Flexible Energy Ltd during the period. At 31st March 2024 an amount of £1,313,958 was due to the company from Ipower Flexible Energy Ltd.
   
12. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial period-end.
     
13. Share Capital Mar 24
  £
 
Ordinary Share Capital 100
  ═════════