Company No: 10026055 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	B A Elvidge
	H V Jones

REGISTERED OFFICE	2 Leman Street
	London
	E1W 9US
	United Kingdom

COMPANY NUMBER

10026055 (England and Wales)

ACCOUNTANT	Gravita Essex Limited
	Kings House
	101-135 Kings Road
	Brentwood
	Essex
	CM14 4DR
	United Kingdom

	Note	2026		2025
		£		£
Fixed assets
Tangible assets	3	6,593		8,089
Investment property	4	89,896,276		87,102,500
		89,902,869		87,110,589
Current assets
Debtors	5	505,586		6,473,246
Cash at bank and in hand		4,126,357		1,360,004
		4,631,943		7,833,250
Creditors: amounts falling due within one year	6	( 2,181,070)		( 2,043,092)
Net current assets		2,450,873		5,790,158
Total assets less current liabilities		92,353,742		92,900,747
Provision for liabilities	7	( 12,987,653)		( 12,987,653)
Net assets		79,366,089		79,913,094
Capital and reserves
Called-up share capital		5,871,386		5,871,386
Share premium account		22,448,710		22,448,710
Fair value reserve		40,130,780		40,130,780
Profit and loss account		10,915,213		11,462,218
Total shareholders' funds		79,366,089		79,913,094

For the financial year ending 28 February 2026 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 financial statements for the financial year in accordance with section 476;
• 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of E & J Properties Limited (registered number: 10026055) were approved and authorised for issue by the Board of Directors on 13 May 2026. They were signed on its behalf by:

B A Elvidge Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

E & J Properties Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 2 Leman Street, London, E1W 9US, United Kingdom.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover represents rent receivable from letting of investment properties. Rental income is recognised in the period to which it arises on an accrual basis and in accordance with the terms of the lease.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Leasehold improvements	33 % reducing balance
Plant and machinery	25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The fair value is determined annually by the directors, on an open market value for existing use basis.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) 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.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	2		2

3. Tangible assets

	Leasehold improve- ments		Plant and machinery		Total
	£		£		£
Cost
At 01 March 2025	3,973		24,829		28,802
Additions	0		836		836
At 28 February 2026	3,973		25,665		29,638
Accumulated depreciation
At 01 March 2025	984		19,729		20,713
Charge for the financial year	987		1,345		2,332
At 28 February 2026	1,971		21,074		23,045
Net book value
At 28 February 2026	2,002		4,591		6,593
At 28 February 2025	2,989		5,100		8,089

4. Investment property

	Investment property
	£
Valuation
As at 01 March 2025	87,102,500
Additions	2,793,776
As at 28 February 2026	89,896,276

In the opinion of the director, the open market values of the investment properties are equal to the fair value at the balance sheet date. The investment properties were valued on a fair value basis on 28 February 2026 by the Directors.

The historical cost for the investment properties is £ 36,676,194 (2025: £33,984,068).

Valuation

The properties were valued at the balance sheet date at fair value by the directors.

5. Debtors

	2026		2025
	£		£
Trade debtors	145,682		169,201
Amounts owed by connected persons	1,087		1,087
Other debtors	358,817		6,302,958
	505,586		6,473,246

6. Creditors: amounts falling due within one year

	2026		2025
	£		£
Trade creditors	44,115		44,539
Amounts owed to connected persons	445,167		880,000
Amounts owed to related parties	0		9,100
Taxation and social security	575,726		1,038,484
Other creditors	1,116,062		70,969
	2,181,070		2,043,092

7. Provision for liabilities

	2026		2025
	£		£
Deferred tax	12,987,653		12,987,653

8. Related party transactions

Transactions with the entity's directors

	2026		2025
	£		£
Director 1	0		0
Advances or credits given	280,987		37,781
Repayments received	(326,686)		(253,595)
Director 2	0		0
Advances or credits given	280,475		64,126
Repayments received	(325,916)		(256,436)

At the year end the balance owed by the company was £292689 (2025: -£383,830). Interest is charged on loans a the official interest set by HMRC and loans are repayable on demand.