EJP Interests Limited - Accounts to registrar

REGISTERED NUMBER: 01909353

Unaudited Financial Statements For The Year Ended 31st May 2017

for

EJP Interests Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

B W Burton

C R Hill

S Winfield

SECRETARY:

B W Burton

REGISTERED OFFICE:

c/o Aston Shaw

The Union Building

51-59 Rose Lane

Norwich

Norfolk

NR1 1BY

REGISTERED NUMBER:

01909353

ACCOUNTANTS:

Aston Shaw Ltd

The Union Building

51-59 Rose Lane

Norwich

Norfolk

NR1 1BY

FIXED ASSETS

Tangible assets

3

2,816,642

2,822,872

CURRENT ASSETS

Debtors

14,202

10,295

Cash at bank and in hand

170,698

383,959

184,900

394,254

CREDITORS

Amounts falling due within one year

941,820

1,140,944

NET CURRENT LIABILITIES

(756,920

)

(746,690

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,059,722

2,076,182

PROVISIONS FOR LIABILITIES

306,761

336,612

NET ASSETS

1,752,961

1,739,570

CAPITAL AND RESERVES

Called up share capital

100

Revaluation reserve

1,751,366

1,738,703

Retained earnings

1,495

767

SHAREHOLDERS' FUNDS

1,752,961

1,739,570

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st May 2017 in accordance with Section 444(2A) of the Companies Act 2006.

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 on 19th December 2017 and were
signed on its behalf by:

S Winfield - Director

1.	STATUTORY INFORMATION

EJP Interests Limited is a private company, limited by shares , registered in Not specified/Other.

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

Turnover

Turnover represents amounts receivable for goods and services.

Tangible fixed assets and depreciation

Tangible fixed assets other than freehold land are stated at cost or valuation less depreciation.

Depreciation is provided at rates calculated to write off the cost or valuation, less estimated

residual value, of each asset over it's expected useful life, as follows:

Freehold land and buildings

- 1% straight line on buildings

Fixtures, fittings and
equipment

- 10%, 12.5%, 20% and 25% straight line

The rate of depreciation on freehold property was changed from 2% to 1% straight line in this

year of revaluation to more accurately reflect the revised useful economic life of 100 years which

is also in line with that of the parent company Black Swan International Ltd.

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.

Pension costs and other post-retirement benefits

Until May 2005, the company operated a defined contribution pension scheme for the directors.

The assets of the scheme are held separately from those of the company in an independently

administered fund. Contributions payable for the year were charged to the profit and loss

account.

3.	TANGIBLE FIXED ASSETS

Totals

£

COST OR VALUATION

At 1st June 2016

2,948,804

Additions

26,488

At 31st May 2017

2,975,292

DEPRECIATION

At 1st June 2016

125,932

Charge for year

32,718

At 31st May 2017

158,650

NET BOOK VALUE

At 31st May 2017

2,816,642

At 31st May 2016

2,822,872

Cost or valuation at 31st May 2017 is represented by:

Totals

£

Valuation in 1993

146,157

Valuation in 2001

275,000

Valuation in 2003

75,000

Valuation in 2012

775,000

Valuation in 2016

667,912

Cost

1,036,223

2,975,292

If freehold land and buildings had not been revalued they would have been included at the

following historical cost:

31/5/17

31/5/16

£

Cost

860,931

Aggregate depreciation

110,212

Value of land in freehold land and buildings

49,993

Freehold land and buildings were valued on an open market basis on 31st May 2016 by Lambert Smith Hampton

.

4.	RELATED PARTY DISCLOSURES

During the year, EJP Interests Limited entered into a transaction with Black Swan International Limited , the parent company, under a normal commercial basis.

The value of office rent charged to Black Swan International Limited during the year amounted

to £30,000 (2016: £30,000).

The total dividends paid to Black Swan International Limited during the year was £259,000

(2016: £436,000).

At the end of the year, the amount owing to EJP Interests Limited from Black Swan International

Limited, included within other creditors, for loans and advances made was £861,350 (2016:

£1,032,350).

5.	ULTIMATE CONTROLLING PARTY

Since 1 June 2005, the directors B Burton, S Winfield and C Hill have controlled the company by

virtue of their cumulative holding of the issued share capital of Black Swan International Limited,

the parent company.

6.

SECURITY

NatWest bank hold the following forms of security:

- Guarantee dated 16 September 2014 executed by Black Swan International Limited and EJP

Interests Limited for the liabilities of Black Swan International Limited and EJP Interests Limited.

- Debenture dated 16 September 2014 over all assets of EJP Interests Limited.

- Legal charge dated 26 September 2014 over Chiswick House.

EJP Interests Limited - Accounts to registrar - small 17.2

EJP Interests Limited - Accounts to registrar - small 17.2