Company Registration No. 11885268 (England and Wales)
EJS Property Investment Limited
Unaudited accounts
for the year ended 31 March 2024
EJS Property Investment Limited
Unaudited accounts
Contents
EJS Property Investment Limited
Company Information
for the year ended 31 March 2024
Company Number
11885268 (England and Wales)
Registered Office
125 CLARENCE ROAD
WINDSOR
SL4 5AR
UNITED KINGDOM
Accountants
The Straightener Limited
83 Ducie Street
Manchester
M1 2JQ
EJS Property Investment Limited
Statement of financial position
as at 31 March 2024
Investment property
415,000
387,000
Cash at bank and in hand
9,258
4,340
Creditors: amounts falling due within one year
(86,591)
(83,280)
Net current liabilities
(76,850)
(78,613)
Total assets less current liabilities
338,150
308,387
Creditors: amounts falling due after more than one year
(277,852)
(280,113)
Provisions for liabilities
Deferred tax
(21,275)
(15,183)
Called up share capital
100
100
Profit and loss account
38,923
12,991
Shareholders' funds
39,023
13,091
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 23 December 2024 and were signed on its behalf by
Edward Salisbury
Director
Company Registration No. 11885268
EJS Property Investment Limited
Notes to the Accounts
for the year ended 31 March 2024
EJS Property Investment Limited is a private company, limited by shares, registered in England and Wales, registration number 11885268. The registered office is 125 CLARENCE ROAD, WINDSOR, SL4 5AR, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover represents the total rents receivable for the year.
Fair value at 1 April 2023
387,000
Net gain from fair value adjustments
32,064
The fair value of the properties at 31st March 2024 has been arrived at on the basis of a valuation carried out at that date by Mr. Edward Salisbury, a director of the company who is not a professionally qualified valuer. The valuation was arrived at by reference to market evidence of transaction prices for similar properties in its location.
EJS Property Investment Limited
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due within one year
Accrued income and prepayments
483
327
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
17,223
14,271
Taxes and social security
9
-
Other creditors
1,285
1,285
Loans from directors
66,724
66,724
The bank loans are secured on the relevant investment property held by the company.
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
277,852
280,113
The bank loans are secured on the relevant investment property held by the company.
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Amounts due to director
66,724
-
-
66,724
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).