Registered number
13188325
Ejby Property Limited
Filleted Accounts
29 February 2024
Ejby Property Limited
Registered number: 13188325
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 166,000 166,000
Current assets
Debtors 4 2,044 67
Cash at bank and in hand 32,099 63,391
34,143 63,458
Creditors: amounts falling due within one year 5 (2,587) (345)
Net current assets 31,556 63,113
Total assets less current liabilities 197,556 229,113
Creditors: amounts falling due after more than one year 6 (248,313) (262,655)
Net liabilities (50,757) (33,542)
Capital and reserves
Called up share capital 2 2
Profit and loss account (50,759) (33,544)
Shareholders' funds (50,757) (33,542)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
K. Edwards
Director
Approved by the board on 7 November 2024
Ejby Property Limited
Notes to the Accounts
for the year ended 29 February 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
No current or deferred tax liability is recognised in the accounts due to the existence of tax losses.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 March 2023 166,000
At 29 February 2024 166,000
Depreciation
At 29 February 2024 -
Net book value
At 29 February 2024 166,000
At 28 February 2023 166,000
4 Debtors 2024 2023
£ £
Other debtors 2,044 67
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 2,587 345
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 142,470 142,470
Other creditors 105,843 120,185
248,313 262,655
7 Loans from directors
Description and conditions B/fwd Introduced Withdrawn C/fwd
£ £ £ £
K. Edwards
Amount due to the director at the balance sheet date 27,529 - (27,529) -
A. Fields
Amount due to the director at the balance sheet date 34,061 - - 34,061
61,590 - (27,529) 34,061
8 Related party transactions
At the balance sheet date there was £20,400 (2023 £20,400) payable to International Model Management Limited and £10,425 (2023 £10,425) payable to Momtpelier Property Limited, companies in which the director K. Edwards has an interest. There was also £40,957 (2023 £24,962) due to a member of his family.
9 Controlling party
The company is controlled by the directors and members K Edwards and A Fields.
10 Other information
Ejby Property Limited is a private company limited by shares and incorporated in England. Its registered office is:
Studio 19
Deane House
27 Greenwood Place
London
NW5 1LB
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