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Registration number: 12134435

ESJF Property Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2024

 

ESJF Property Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

ESJF Property Limited

Company Information

Directors

J M T Flintham

E C Sylvester

Registered office

41 Shepherds Way
Rickmansworth
Hertfordshire
WD3 7NN

Accountants

Sable & Argent Limited
2 Elvetham Crescent
Fleet
Hampshire
GU51 1BU

 

ESJF Property Limited

(Registration number: 12134435)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

-

283,728

Investment property

5

693,378

-

 

693,378

283,728

Current assets

 

Cash at bank and in hand

 

24

24

Creditors: Amounts falling due within one year

6

(12,807)

-

Net current (liabilities)/assets

 

(12,783)

24

Total assets less current liabilities

 

680,595

283,752

Creditors: Amounts falling due after more than one year

6

(680,571)

(283,728)

Net assets

 

24

24

Capital and reserves

 

Called up share capital

8

24

24

Shareholders' funds

 

24

24

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 14 June 2024 and signed on its behalf by:
 

J M T Flintham
Director

E C Sylvester
Director

 
     
 

ESJF Property Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
41 Shepherds Way
Rickmansworth
Hertfordshire
WD3 7NN

These financial statements were authorised for issue by the Board on 14 June 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

ESJF Property Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Asset class

Depreciation method and rate

Land

Not depreciated

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons (including directors) employed by the company in the year, was 2 (2023: 2).

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 May 2023

283,728

283,728

Transfers to investment property

(283,728)

(283,728)

At 30 April 2024

-

-

Carrying amount

At 30 April 2024

-

-

At 30 April 2023

283,728

283,728

Included within the net book value of land and buildings above is £Nil (2023: £283,728) in respect of freehold land and buildings.
 

 

ESJF Property Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

5

Investment properties

2024
£

Additions

409,650

Transfers from owner-occupied property

283,728

At 30 April

693,378

There has been no valuation of investment property by an independent valuer.

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

12,807

-

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

7

680,571

283,728

2024
£

2023
£

Due after more than five years

After more than five years by instalments

499,519

-

-

-

 

ESJF Property Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

7

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

562,148

-

Other borrowings

118,423

283,728

680,571

283,728

Current loans and borrowings

2024
£

2023
£

Bank borrowings

12,807

-

Bank borrowings

The Bank loan is denominated in sterling with a nominal interest rate of 2.75% above base rate, and the final instalment is due on 30 November 2043. The carrying amount at year end is £574,955 (2023: £Nil).

The loan is secured by a mortgage over the company's land and property.

Other borrowings

Other borrowings is a loan from a compamy under common control denominated in sterling. It is interest free and is due for repayment after one year and a day. The carrying amount at year end is £118,423 (2023: £283,728).

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

24

24

24

24