EJ Stewart Properties Limited 11206286 false 2024-04-01 2025-03-31 2025-03-31 The principal activity of the company is 68320 - Management of real estate on a fee or contract basis Digita Accounts Production Advanced 6.30.9574.0 true 11206286 2024-04-01 2025-03-31 11206286 2025-03-31 11206286 core:RetainedEarningsAccumulatedLosses 2025-03-31 11206286 core:ShareCapital 2025-03-31 11206286 core:CurrentFinancialInstruments 2025-03-31 11206286 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 11206286 core:Non-currentFinancialInstruments core:AfterOneYear 2025-03-31 11206286 core:PlantMachinery 2025-03-31 11206286 bus:SmallEntities 2024-04-01 2025-03-31 11206286 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 11206286 bus:FilletedAccounts 2024-04-01 2025-03-31 11206286 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 11206286 bus:RegisteredOffice 2024-04-01 2025-03-31 11206286 bus:Director2 2024-04-01 2025-03-31 11206286 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 11206286 core:PlantMachinery 2024-04-01 2025-03-31 11206286 countries:EnglandWales 2024-04-01 2025-03-31 11206286 2024-03-31 11206286 core:PlantMachinery 2024-03-31 11206286 2023-04-01 2024-03-31 11206286 2024-03-31 11206286 core:RetainedEarningsAccumulatedLosses 2024-03-31 11206286 core:ShareCapital 2024-03-31 11206286 core:CurrentFinancialInstruments 2024-03-31 11206286 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 11206286 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 11206286 core:PlantMachinery 2024-03-31 iso4217:GBP xbrli:pure

Registration number: 11206286

EJ Stewart Properties Limited
Annual Report and Unaudited Financial Statements- Companies house filing
for the Year Ended 31 March 2025

EJ Stewart Properties Limited

Contents

Statement of Financial Position | 1 to 2
Notes to the Unaudited Financial Statements | 3 to 6

EJ Stewart Properties Limited

(Registration number: 11206286)
Statement of Financial Position as at 31 March 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 5,956 | 11,411
Investment property | 5 | 1,913,992 | 1,913,992
|  | 1,919,948 | 1,925,403
Current assets |  |  |
Debtors | 6 | 37,579 | 5,882
Cash at bank and in hand |  | 39,877 | 37,213
|  | 77,456 | 43,095
Creditors: Amounts falling due within one year | 7 | (1,844,433) | (116,343)
Net current liabilities |  | (1,766,977) | (73,248)
Total assets less current liabilities |  | 152,971 | 1,852,155
Creditors: Amounts falling due after more than one year | 7 | (29,478) | (1,730,908)
Provisions for liabilities |  | (2,853) | (2,853)
Net assets |  | 120,640 | 118,394
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Profit and loss account |  | 120,540 | 118,294
Shareholders' funds |  | 120,640 | 118,394

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 10 July 2025 and signed on its behalf by:

EJ Stewart Properties Limited

(Registration number: 11206286)
Statement of Financial Position as at 31 March 2025

......................................... J P Stewart Director

EJ Stewart Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is: Knightway House, Park Street, Bagshot, GU19 5AQ. England.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

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).

Basis of preparation

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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, 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.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

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.

EJ Stewart Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant and machinery | 20% straight line

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually. The valuers use 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.

Trade debtors

Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and bank deposits.

Trade creditors

Short term creditors are measured at the transaction price.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Employee benefits

Short-term employee benefits are recognised as an expense in the period which they are incurred.

EJ Stewart Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2024 - 4).

4 | Tangible assets

| Plant and machinery £ | Total £
Cost or valuation
At 1 April 2024 | 68,811 | 68,811
Additions | 2,583 | 2,583
At 31 March 2025 | 71,394 | 71,394
Depreciation
At 1 April 2024 | 57,400 | 57,400
Charge for the year | 8,038 | 8,038
At 31 March 2025 | 65,438 | 65,438
Carrying amount
At 31 March 2025 | 5,956 | 5,956
At 31 March 2024 | 11,411 | 11,411

5 | Investment properties

| 2025 £
At 1 April 2024 | 1,913,992
At 31 March 2025 | 1,913,992

The directors have valued the property on an open market basis based on similar properties.

There has been no valuation of investment property by an independent valuer.

EJ Stewart Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

6 | Debtors

| 2025 £ | 2024 £
Trade debtors | 5,905 | 843
Other debtors | 28,904 | 5,039
Prepayments | 2,770 | -
| 37,579 | 5,882

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Trade creditors |  | 13,520 | 12,178
Amounts owed to group undertakings and undertakings in which the company has a participating interest | 9 | 117,194 | 61,533
Taxation and social security |  | 4,045 | 8,408
Accruals and deferred income |  | 45,314 | 32,544
Other creditors |  | 1,664,360 | 1,680
|  | 1,844,433 | 116,343

Creditors: amounts falling due after more than one year

| 2025 £ | 2024 £
Other non-current financial liabilities | 29,478 | 1,730,908

8 | Financial commitments, guarantees and contingencies

Amounts not provided for in the statement of financial position

The total amount of financial commitments not included in the statement of financial position is £73,814 (2024 - £Nil).

9 | Related party transactions

At the year-end the company owed the directors £1,662,000 (2024: £1,701,430). During the year the loan terms were amended with the loan now treated as repayable on demand.