REGISTERED NUMBER: 10023919 (England and Wales)

Unaudited Financial Statements

for the Year Ended 28 February 2025

for

EJN ENTERPRISES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

D J Hammond

REGISTERED OFFICE:

100 Church Street

Brighton

East Sussex

BN1 1UJ

REGISTERED NUMBER:

10023919 (England and Wales)

ACCOUNTANTS:

Paddenburg & Co Limited

100 Church Street

Brighton

East Sussex

BN1 1UJ

FIXED ASSETS

Investment property

4

210,000

975,000

CURRENT ASSETS

Stocks

283,809

-

Debtors

5

-

1,835

Cash at bank

279,425

369,303

563,234

371,138

CREDITORS

Amounts falling due within one year

6

551,624

624,514

NET CURRENT ASSETS/(LIABILITIES)

11,610

(253,376

)

TOTAL ASSETS LESS CURRENT LIABILITIES

221,610

721,624

CREDITORS

Amounts falling due after more than one year

7

(328,606

)

(542,201

)

PROVISIONS FOR LIABILITIES

8

-

(30,628

)

NET (LIABILITIES)/ASSETS

(106,996

)

148,795

CAPITAL AND RESERVES

Called up share capital

100

100

Undistributable reserve

9

59,979

140,657

Retained earnings

9

(167,075

)

8,038

(106,996

)

148,795

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 28 August 2025 and were signed by:

D J Hammond - Director

1.	STATUTORY INFORMATION

EJN Enterprises Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Turnover

Turnover represents amounts receivable for rents, on a time apportioned basis, from investment properties.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 March 2024

975,000

Additions

8,642

Disposals

(729,139

)

Revaluations

(44,503

)

At 28 February 2025

210,000

NET BOOK VALUE

At 28 February 2025

210,000

At 29 February 2024

975,000

Fair value at 28 February 2025 is represented by:

£

Valuation in 2018

69,900

Valuation in 2019

4,581

Valuation in 2021

5,000

Valuation in 2022

25,000

Valuation in 2025

(44,503

)

Cost

150,022

210,000

The investment properties were valued on an open market basis on 28 February 2025 by the director .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Prepayments

-

1,835

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Social security and other taxes

137

(136

)

Directors' loan accounts

547,167

620,330

Accrued expenses

4,320

4,320

551,624

624,514

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other loans more 5yrs non-inst

328,606

542,201

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Other loans more 5yrs non-inst

328,606

542,201

8.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

-

30,628

Deferred

tax

£

Balance at 1 March 2024

30,628

Amounts reversed during year

(30,628

)

Balance at 28 February 2025

-

9.

RESERVES

Retained

Undistributable

earnings

reserve

Totals

£

£

£

At 1 March 2024

8,038

140,657

148,695

Deficit for the year

(188,989

)

(188,989

)

Revaluation of investment properties

44,503

(111,305

)

(66,802

)

Adjustment

(30,627

)

30,627

-

At 28 February 2025

(167,075

)

59,979

(107,096

)

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is D J Hammond.

11.	EXCEPTIONAL ITEMS

In the year the company carried out remedial works totalling £32,694 (2024: £nil) which related to a property disposed in a prior period. The director has confirmed that no further amounts will materialise.

12.	GOING CONCERN BASIS

At the end of the financial year, the company had net liabilities. The financial statements have been prepared on the going concern basis, on the understanding that the director will continue to financially support the company for the foreseeable future.