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REGISTERED NUMBER: SC716226 (Scotland)















Unaudited Financial Statements for the Year Ended 30 November 2024

for

EWMJ Investments Ltd

EWMJ Investments Ltd (Registered number: SC716226)

Contents of the Financial Statements
for the Year Ended 30 November 2024










Page

Balance Sheet 1

Notes to the Financial Statements 2


EWMJ Investments Ltd (Registered number: SC716226)

Balance Sheet
30 November 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Investment property 5 1,485,846 1,340,846

CURRENT ASSETS
Debtors 6 16,887 3,125
Cash at bank 3,810 3,395
20,697 6,520
CREDITORS: AMOUNTS FALLING DUE
WITHIN ONE YEAR

7

589,574

545,004
NET CURRENT LIABILITIES (568,877 ) (538,484 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

916,969

802,362

CREDITORS: AMOUNTS FALLING DUE
AFTER MORE THAN ONE YEAR

8

(1,090,454

)

(956,184

)

PROVISIONS FOR LIABILITIES 31,777 29,069
NET LIABILITIES (141,708 ) (124,753 )

CAPITAL AND RESERVES
Called up share capital 10 2 2
Fair value reserve (22,008 ) (33,647 )
Retained earnings (119,702 ) (91,108 )
SHAREHOLDERS' FUNDS (141,708 ) (124,753 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2025 and were signed on its behalf by:





Mr Julian Michael Mithoff - Director


EWMJ Investments Ltd (Registered number: SC716226)

Notes to the Financial Statements
for the Year Ended 30 November 2024


1. STATUTORY INFORMATION

EWMJ Investments Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address are as below:

Registered number: SC716226

Registered office: Ground Floor
112 George Street
Edinburgh
EH2 4LH

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared using the historical cost convention except that as
disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The directors of the company are of the opinion that there are no material uncertainties related to going concern that require disclosure. In arriving at this conclusion, the directors have considered the working capital requirements for at least 12 months from the date of approval of the financial statements and the company's cash flow forecasts. The company has net current liabilities of £568,877 (2023; £538,484) and retained losses of £147,710 (2023; £124,755) as a result of funds personally invested with no formal repayment terms. The directors have pledged to continue to support the company and therefore the financial statements have been prepared on a going concern basis.

Judgements
The preparation of the financial statements requires management to make judgements, estimates andassumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition
Turnover comprises the fair value of the consideration received or receivable on the rental of investment property in the ordinary course of the company’s activities. Turnover is shown net of sales, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


EWMJ Investments Ltd (Registered number: SC716226)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024


3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Investment property
Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by either external valuers or the directors. In determining the value, observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits.

Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of
business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve
months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months
after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

Trade debtors

Trade debtors are amounts due from customers for rent performed in the ordinary course of business.

Trade debtors are recognised at the transaction price.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2023 1,340,846
Additions 130,631
Revaluations 14,369
At 30 November 2024 1,485,846
NET BOOK VALUE
At 30 November 2024 1,485,846
At 30 November 2023 1,340,846

Investment properties have been valued by an independent valuer during the process of remortgaging or upon sale on the properties concerned.

EWMJ Investments Ltd (Registered number: SC716226)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024


5. INVESTMENT PROPERTY - continued

Fair value at 30 November 2024 is represented by:
£   
Valuation in 2024 1,485,846

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 870 586
Amounts owed by associates 10,588 -
Other debtors 3,734 2,539
15,192 3,125

Amounts falling due after more than one year:
Other debtors 1,695 -

Aggregate amounts 16,887 3,125

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 478 -
Other creditors 589,096 545,004
589,574 545,004

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 1,090,454 956,184

Loans and borrowing include mortgages on each investment property which are secured of £1,090,454 (2023: £956,184). A charge is held over each property in favour of the associated lenders.

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due between one and two years:
Mortgages 1,090,454 956,184

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 ORDINARY £1 2 2

EWMJ Investments Ltd (Registered number: SC716226)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024


11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2024 and 30 November 2023:

2024 2023
£    £   
Mr Julian Michael Mithoff
Balance outstanding at start of year 1,539 (11,912 )
Amounts advanced 31,531 86,145
Amounts repaid (22,482 ) (72,694 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 10,588 1,539

Mrs Eva-Maria Weiler-Mithoff
Balance outstanding at start of year (512,128 ) (436,999 )
Amounts advanced 10,150 90,931
Amounts repaid (25,000 ) (166,060 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (526,978 ) (512,128 )

The loans are repayable on demand and interest has been charged at a market rate.

12. RELATED PARTY DISCLOSURES

At the balance sheet date the company was owed £10,588 (2023: £nil) by Mithoff Property Investment Ltd, a company under common control. The loan is provided interest free and with no formal terms of repayment.

13. ULTIMATE CONTROLLING PARTIES

The ultimate controlling party is both Julian Michael Mithoff & Eva-Maria Weiler-Mithoff.