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REGISTERED NUMBER: 12342128 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

EHJ Property Ltd

EHJ Property Ltd (Registered number: 12342128)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EHJ Property Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mr M J A Gurnett





REGISTERED OFFICE: Bakers Lodge
3 High Street
Stock
INGATESTONE
Essex
CM4 9BD





REGISTERED NUMBER: 12342128 (England and Wales)

EHJ Property Ltd (Registered number: 12342128)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 43,397 2,329
Investments 6 50 50
Investment property 7 2,347,483 2,065,000
2,390,930 2,067,379

CURRENT ASSETS
Debtors 8 4,640 46,750
Investments 9 156,243 138,126
Cash at bank 367,161 102,115
528,044 286,991
CREDITORS
Amounts falling due within one year 10 49,036 43,258
NET CURRENT ASSETS 479,008 243,733
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,869,938

2,311,112

PROVISIONS FOR LIABILITIES 1,020 1,145
NET ASSETS 2,868,918 2,309,967

CAPITAL AND RESERVES
Called up share capital 2,231,672 2,231,672
Fair value reserve 12 5,464 2,993
Retained earnings 631,782 75,302
2,868,918 2,309,967

EHJ Property Ltd (Registered number: 12342128)

Balance Sheet - continued
31 March 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 4 November 2024 and were signed by:





Mr M J A Gurnett - Director


EHJ Property Ltd (Registered number: 12342128)

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


1. STATUTORY INFORMATION

EHJ 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Investments in subsidiaries
Unlisted fixed asset investments are initially recognised at cost, and subsequently stated at cost less any accumulated impairment losses as there is no reliable fair value available.

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.

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instruments.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes, in effect, a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

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.


EHJ Property Ltd (Registered number: 12342128)

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


3. ACCOUNTING POLICIES - continued
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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 3,445
Additions 55,533
At 31 March 2024 58,978
DEPRECIATION
At 1 April 2023 1,116
Charge for year 14,465
At 31 March 2024 15,581
NET BOOK VALUE
At 31 March 2024 43,397
At 31 March 2023 2,329

EHJ Property Ltd (Registered number: 12342128)

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


6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 50
NET BOOK VALUE
At 31 March 2024 50
At 31 March 2023 50

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 2,065,000
Additions 292,483
Revaluations (10,000 )
At 31 March 2024 2,347,483
NET BOOK VALUE
At 31 March 2024 2,347,483
At 31 March 2023 2,065,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2021 (28,560 )
Valuation in 2022 10,000
Valuation in 2024 (10,000 )
Cost 2,376,043
2,347,483

If Investment properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 2,376,043 2,083,560

Investment properties were valued on an open market basis on 25 March 2024 by Jones Norris Adams .

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 4,640 46,750

EHJ Property Ltd (Registered number: 12342128)

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


8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

Included within other debtors disclosed above is a balance of £4,635 (2023 - £3,468) in relation to prepaid expenses, a balance of £5 (2023 - £nil) in relation to PAYE and a balance of £nil (2023 - £43,282) in relation to the Director's loan account.

9. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Listed investments 156,243 138,126

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 7,362 1,120
Taxation and social security 1,129 4,583
Other creditors 40,545 37,555
49,036 43,258

Included within other creditors disclosed above is a balance of £3,574 (2023 - £4,349) in relation to accrued expenses, a balance of £20,592 (2023 - £23,206 ) in relation to deferred income, a balance of £68 (2023 - £nil) in relation to the Director's loan account and a balance of £16,311 (2023 - £10,000) in relation to rental deposits held.

11. LEASING AGREEMENTS
Lessor

At the reporting end date the company had contracted with tenants for the following minimum lease payments:


2024 2023
£ £
Within one year 148,700 112,500
Between two and five years 544,200 290,000
In more than five years 1,725,041 1,551,375
2,417,941 1,953,875

12. RESERVES
Fair
value
reserve
£   
At 1 April 2023 2,993
Transfer between reserves 2,471

At 31 March 2024 5,464