ACCOUNTS - Final Accounts

Registered number: 13478404

EJZ PROPERTY LTD

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

EJZ PROPERTY LTD

COMPANY INFORMATION

Directors	C Zobel
	D Zobel


Registered number	13478404


Registered office	Eighth Floor
	6 New Street Square
	New Fetter Lane
	London
	EC4A 3AQ


Accountants	Rawlinson & Hunter LLP
	Chartered Accountants
	Eighth Floor
	6 New Street Square
	New Fetter Lane
	London
	EC4A 3AQ

EJZ PROPERTY LTD

CONTENTS

	Page
Balance Sheet	1 - 2
Notes to the Financial Statements	3 - 7

EJZ PROPERTY LTD

REGISTERED NUMBER: 13478404

BALANCE SHEET

AS AT 30 JUNE 2024

		2024		2023
Note		£		£


Current assets
Stocks	4	1,288,969		2,065,999
Debtors: amounts falling due within one year	5	85,681		1,247
Cash at bank and in hand	6	62,137		13,239
		1,436,787		2,080,485
Creditors: amounts falling due within one year	7	(1,172,612)		(2,098,898)
Net current assets/(liabilities)			264,175		(18,413)
Total assets less current liabilities			264,175		(18,413)

Net assets/(liabilities)			264,175		(18,413)

Capital and reserves
Called up share capital	9	100	100
Profit and loss account		264,075	(18,513)
		264,175	(18,413)

Page 1

EJZ PROPERTY LTD

REGISTERED NUMBER: 13478404

BALANCE SHEET (CONTINUED)

AS AT 30 JUNE 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................

D Zobel

Director

Date: 15 June 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2

EJZ PROPERTY LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

1.	General information

EJZ Property Limited is a private company, limited by shares, incorporated in England and Wales with registration number 13478404. The registered office address is Eighth Floor, 6 New Street Square, New Fetter Lane, London, EC4A 3AQ.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Going concern

The financial statements have been prepared on a going concern basis, which assumes the
continued financial support of its shareholders. The shareholders have provided confirmation of their
intent to provide such financial support as is necessary for the company to continue its operations for
the forseeable future and at least 12 months from the date of signing these financial statements.

2.3

Stock

Stocks are stated at the lower of cost and net realisable value, relating to the development of residential property. Costs include all directly attributable expenses.

2.4

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Profit and Loss Account within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

EJZ PROPERTY LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

2.5

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.11

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the

Page 4

EJZ PROPERTY LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

2.11

Financial instruments (continued)

present value of the future receipts discounted at a market rate of interest.

Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

4.	Stocks
		2024	2023
		£	£

	Property under development	1,288,969	2,065,999

Page 5

EJZ PROPERTY LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

Debtors

					2024	2023
					£	£


Other debtors	83,500	-
Prepayments and accrued income	2,181	1,247
	85,681	1,247

6.	Cash and cash equivalents
		2024	2023
		£	£

	Cash at bank and in hand	62,137	13,239

7.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Trade creditors	-	1,382
Corporation tax	95,085	-
Other creditors	1,071,707	2,090,916
Accruals and deferred income	5,820	6,600
	1,172,612	2,098,898

8.	Financial instruments
		2024	2023
		£	£

	Financial assets
	Financial assets measured at fair value through profit or loss	62,137	13,239

Financial assets measured at fair value through profit or loss comprise cash at bank and in hand.

Page 6

EJZ PROPERTY LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

9.	Share capital
		2024	2023
		£	£

Allotted, called up and fully paid

41 (2023 - 41) Ordinary A shares of £1.00 each	41	41
41 (2023 - 41) Ordinary B shares of £1.00 each	41	41
18 (2023 - 18) Ordinary C shares of £1.00 each	18	18

	100	100

10.	Related party transactions
	Included within stocks (Note 4), are expenses incurred of £240,000 (2023 - £150,000) in respect of improvement costs paid to a company under common ownership and control.

Page 7