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Company No: 14904030 (England and Wales)

EH & JH PROPERTIES LTD

Unaudited Financial Statements
For the financial period from 30 May 2023 to 31 May 2024
Pages for filing with the registrar

EH & JH PROPERTIES LTD

Unaudited Financial Statements

For the financial period from 30 May 2023 to 31 May 2024

Contents

EH & JH PROPERTIES LTD

STATEMENT OF FINANCIAL POSITION

As at 31 May 2024
EH & JH PROPERTIES LTD

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 May 2024
Note 31.05.2024
£
Fixed assets
Intangible assets 3 30,063
Tangible assets 4 22,187
Investment property 5 469,848
Investments 100
522,198
Current assets
Cash at bank and in hand 4,684
4,684
Creditors: amounts falling due within one year 6 ( 208,956)
Net current liabilities (204,272)
Total assets less current liabilities 317,926
Creditors: amounts falling due after more than one year 7 ( 328,440)
Net liabilities ( 10,514)
Capital and reserves
Called-up share capital 8 100
Profit and loss account ( 10,614 )
Total shareholders' deficit ( 10,514)

For the financial period ending 31 May 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of EH & JH Properties Ltd (registered number: 14904030) were approved and authorised for issue by the Board of Directors on 22 May 2025. They were signed on its behalf by:

Mr J Hooker
Director
EH & JH PROPERTIES LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 30 May 2023 to 31 May 2024
EH & JH PROPERTIES LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 30 May 2023 to 31 May 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

EH & JH Properties Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is C/O Bishop Fleming Chartered Accountants Chy Nyverow, Newham Road, Truro, TR1 2DP, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors note that the business has net liabilities of £10,514. The Company is supported through loans from the directors. The directors have confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the directors will continue to support the Company. Given the current position, the directors believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 10 years straight line
Other intangible assets 10 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Fixtures and fittings 15 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Non-financial assets
At each balance sheet date, the company reviews its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss.

If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The fair value is determined annually by the directors, on an open market value for existing use basis.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

Period from
30.05.2023 to
31.05.2024
Number
Monthly average number of persons employed by the Company during the period, including directors 2

3. Intangible assets

Goodwill Other intangible assets Total
£ £ £
Cost
At 30 May 2023 0 0 0
Additions 32,496 4 32,500
At 31 May 2024 32,496 4 32,500
Accumulated amortisation
At 30 May 2023 0 0 0
Charge for the financial period 2,437 0 2,437
At 31 May 2024 2,437 0 2,437
Net book value
At 31 May 2024 30,059 4 30,063

4. Tangible assets

Fixtures and fittings Total
£ £
Cost
At 30 May 2023 0 0
Additions 25,000 25,000
At 31 May 2024 25,000 25,000
Accumulated depreciation
At 30 May 2023 0 0
Charge for the financial period 2,813 2,813
At 31 May 2024 2,813 2,813
Net book value
At 31 May 2024 22,187 22,187

5. Investment property

Investment property
£
Valuation
As at 30 May 2023 0
Additions 469,848
As at 31 May 2024 469,848

The investment property has been valued by the directors at fair value on an existing use basis.

6. Creditors: amounts falling due within one year

31.05.2024
£
Amounts owed to own subsidiaries 10,806
Amounts owed to directors 195,400
Accruals 2,750
208,956

7. Creditors: amounts falling due after more than one year

31.05.2024
£
Bank loans (secured) 328,440

The bank loan is secured over the assets in the company.

8. Called-up share capital

31.05.2024
£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100

Upon incorporation 100 Ordinary £1 shares were issued at par.