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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
Page
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EJS Property Investment Limited Company Information for the year ended 31 March 2024
Director
Edward Salisbury
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
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EJS Property Investment Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
415,000 
387,000 
Current assets
Debtors
483 
327 
Cash at bank and in hand
9,258 
4,340 
9,741 
4,667 
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)
Net assets
39,023 
13,091 
Capital and reserves
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
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EJS Property Investment Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
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 taxation
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
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.
4
Investment property
2024 
£ 
Fair value at 1 April 2023
387,000 
Disposals
(4,064)
Net gain from fair value adjustments
32,064 
At 31 March 2024
415,000 
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.
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EJS Property Investment Limited Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
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 
Accruals
1,350 
1,000 
86,591 
83,280 
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.
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Edward Salisbury
Amounts due to director
66,724 
- 
- 
66,724 
66,724 
- 
- 
66,724 
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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