Registration number: 13894620

EJ Stewart Limited

Contents

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

EJ Stewart Limited

(Registration number: 13894620)
Statement of Financial Position as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	19,316	20,456
Investment property	5	1,523,072	1,523,072
		1,542,388	1,543,528
Current assets
Debtors	6	158,159	116,306
Cash at bank and in hand		37,433	28,074
		195,592	144,380
Creditors: Amounts falling due within one year	7	(139,090)	(96,152)
Net current assets		56,502	48,228
Total assets less current liabilities		1,598,890	1,591,756
Creditors: Amounts falling due after more than one year	7	(1,733,313)	(1,733,313)
Net liabilities		(134,423)	(141,557)
Capital and reserves
Called up share capital		100	100
Profit and loss account		(134,523)	(141,657)
Shareholders' deficit		(134,423)	(141,557)

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 Limited

(Registration number: 13894620)
Statement of Financial Position as at 31 March 2025

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

EJ Stewart 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 deferred 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.

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.

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.

EJ Stewart Limited

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

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:

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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

Employee benefits

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

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 0 (2024 - 0).

EJ Stewart Limited

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

4	Tangible assets

	Plant and machinery £	Total £
Cost or valuation
At 1 April 2024	22,518	22,518
Additions	542	542
At 31 March 2025	23,060	23,060
Depreciation
At 1 April 2024	2,062	2,062
Charge for the year	1,682	1,682
At 31 March 2025	3,744	3,744
Carrying amount
At 31 March 2025	19,316	19,316
At 31 March 2024	20,456	20,456

5	Investment properties

	2025 £
At 1 April 2024	1,523,072
At 31 March 2025	1,523,072

The directors have valued the property on the basis of similar properties and market conditions.

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

6

Debtors

	Note	2025 £	2024 £
Trade debtors		8,154	7,294
Amounts owed by related parties	9	117,193	61,533
Other debtors		-	2,576
Prepayments		3,929	1,300
Deferred tax assets		28,883	43,603
		158,159	116,306

EJ Stewart Limited

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

7

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Trade creditors	2,965	1,651
Taxation and social security	2,686	5,023
Accruals and deferred income	127,225	89,478
Other creditors	6,214	-
	139,090	96,152

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Loans and borrowings	8	1,725,000	1,725,000
Other non-current financial liabilities		8,313	8,313
		1,733,313	1,733,313

Creditors include loans not repayable by instalments of £1,725,000 (2024 - £1,725,000) due for repayment by 30th May 2042. Interest is payable at 4% per annum.

8	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Other borrowings	1,725,000	1,725,000

9	Related party transactions

At the year end £Nil was owed by the directors to the company (2024: £2,521 was owed by one of the directors to the company). The prior year balance was repaid to the company within 9 months of the previous year end.

10	Going concern

The financial statements have been prepared on a going concern basis due to the continuing support of the directors and loan creditor.