Acorah Software Products - Accounts Production 16.3.350 false true 31 August 2023 16 August 2022 false 1 September 2023 31 August 2024 31 August 2024 14299687 Ms KATHLEEN SZETO Mr WILLIAM CHI HO LO Mr WILLIAM CHI HO LO iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14299687 2023-08-31 14299687 2024-08-31 14299687 2023-09-01 2024-08-31 14299687 frs-core:CurrentFinancialInstruments 2024-08-31 14299687 frs-core:RevaluationReserve 2023-09-01 2024-08-31 14299687 frs-core:RevaluationReserve 2024-08-31 14299687 frs-core:ShareCapital 2024-08-31 14299687 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 14299687 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 14299687 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 14299687 frs-bus:SmallEntities 2023-09-01 2024-08-31 14299687 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 14299687 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 14299687 frs-bus:Director1 2023-09-01 2024-08-31 14299687 frs-bus:Director2 2023-09-01 2024-08-31 14299687 frs-bus:CompanySecretary1 2023-09-01 2024-08-31 14299687 frs-countries:EnglandWales 2023-09-01 2024-08-31 14299687 2022-08-15 14299687 2023-08-31 14299687 2022-08-16 2023-08-31 14299687 frs-core:CurrentFinancialInstruments 2023-08-31 14299687 frs-core:RevaluationReserve 2023-08-31 14299687 frs-core:ShareCapital 2023-08-31 14299687 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 14299687
EJ INVESTMENT HOLDINGS LIMITED
Unaudited Financial Statements
For The Year Ended 31 August 2024
LABAIT PROFESSIONALS LIMITED
Institute of Financial Accountants
Unit 1 17 Castle Street
Chester
CH1 2DS
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 14299687
31 August 2024 31 August 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 1,700,000 1,880,322
1,700,000 1,880,322
CURRENT ASSETS
Debtors 5 45,209 -
Cash at bank and in hand 126 45
45,335 45
Creditors: Amounts Falling Due Within One Year 6 (1,881,193 ) (1,902,063 )
NET CURRENT ASSETS (LIABILITIES) (1,835,858 ) (1,902,018 )
TOTAL ASSETS LESS CURRENT LIABILITIES (135,858 ) (21,696 )
NET LIABILITIES (135,858 ) (21,696 )
CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Revaluation reserve 8 (180,322 ) -
Profit and Loss Account 43,464 (22,696 )
SHAREHOLDERS' FUNDS (135,858) (21,696)
For the year ending 31 August 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr WILLIAM CHI HO LO
Director
29/05/2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
EJ INVESTMENT HOLDINGS LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 14299687 . The registered office is Unit1 17 Castle Street, Chester, CH1 2DS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.4. Financial Instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments FRS 102' to all of its financial instrument.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liability are offset, with the net amounts present in the financial statements, when there is a legal enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets, which include debtors and cash and bank balance, and 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 liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidence a residual interest in the assets of the company after deducting all of its 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 constitute 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 instrument 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.
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2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Investment Property
31 August 2024
£
Fair Value
As at 1 September 2023 1,880,322
Fair value adjustments (180,322 )
As at 31 August 2024 1,700,000
The investment property is carried at fair value determined annually and derived from Battersea & Nine Elms Estates. No depreciation is provided for. Changes in fair value are recognised in the Net investment property revaluation reserve account.
5. Debtors
31 August 2024 31 August 2023
£ £
Due within one year
Other debtors 45,209 -
6. Creditors: Amounts Falling Due Within One Year
31 August 2024 31 August 2023
£ £
Trade creditors - (1 )
Other creditors 1,879,034 1,902,064
Taxation and social security 2,159 -
1,881,193 1,902,063
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Page 4
7. Share Capital
31 August 2024 31 August 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
8. Reserves
Revaluation Reserve
£
Net investment property revaluation reserve (180,322 )
As at 31 August 2024 (180,322 )
9. Related Party Transactions
At the start of the accounting year, the opening balance of the directors' loans owned by the company was £1,901,873.52.
During the year,  £57,535.00 was paid to the directors.  The company also borrowed £12,658.36 from the directors.
The closing balance of directors' loans owned by the company at the end of the accounting year is £1,856,996.88.
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