-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, C/zU+3IuhCpsuWDZA4iu5xqd7tkM2GZdj9tQVzFJanGiI4Yu0Lf8OgGjuQJN7PJn 4HBUUEhzjxmQSblNorvvog== 0000350268-96-000004.txt : 19960802 0000350268-96-000004.hdr.sgml : 19960802 ACCESSION NUMBER: 0000350268-96-000004 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19960630 FILED AS OF DATE: 19960801 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: E&J PROPERTIES LTD CENTRAL INDEX KEY: 0000350268 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE [6500] IRS NUMBER: 942763152 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 000-09608 FILM NUMBER: 96602541 BUSINESS ADDRESS: STREET 1: 2710 GATEWAY OAKS DR STREET 2: STE 300 SOUTH CITY: SACRAMENTO STATE: CA ZIP: 95833 BUSINESS PHONE: 9169256620 MAIL ADDRESS: STREET 1: 2710 GATEWAY OAKS DRIVE STREET 2: 300 SOUTH CITY: SACRAMENTO STATE: CA ZIP: 95833-3505 10-Q 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (X) Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the period ended June 30, 1996 or ( ) Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission File No. O-9608 E & J PROPERTIES, LTD. (A California Limited Partnership) (Exact name of registrant as specified in its charter) California 94-2763152 (State of Organization) (IRS Identification Number) 2710 Gateway Oaks Dr, 300 South, Sacramento, CA 95833 (Address of principal executive office) (Zip Code) REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (916) 925-6620 Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes X No Number of units outstanding of issuer's limited partnership interests as of June 30, 1996: 3,523,680 Units There was very little trading activity for these units during the last three months, however a price range of $1.75 to $2.25 is indicated. PART I - FINANCIAL INFORMATION E & J PROPERTIES, LTD. (A California Limited Partnership) Balance Sheets June 30, 1996 and December 31, 1995 (Unaudited) June 30, December 31, 1996 1995 Assets Cash and cash equivalents $1,771,562 1,959,778 Elliott Ranch 2,800,496 2,670,288 Other assets 36,211 61,382 $4,608,269 4,691,448 ========= ========= Liabilities and Partners' Equity Liabilities: Accrued expenses and other liabilities $ 20,486 36,525 Partners' equity: Units of limited partnership issued, 3,523,680 4,515,142 4,581,535 Units of general partnership issued, 39,643 72,641 73,388 Total partners' equity 4,587,783 4,754,923 $4,608,269 4,799,607 ========= ========= See accompanying note to financial statements. E & J PROPERTIES, LTD. (A California Limited Partnership) (Unaudited) Statements of Earnings For the Six Months For the Three Months Ended June 30, Ended June 30, 1996 1995 1996 1995 Revenues: Interest and rental income $ 52,290 64,635 24,828 33,272 Expenses: Property taxes 16,727 16,399 8,363 8,199 Depreciation 1,911 2,867 478 1,434 General and admin 100,792 102,614 45,241 48,369 119,430 121,880 54,082 58,002 Net earnings (loss) $(67,140) (57,245) (29,254) (24,730) ======== ======== ======== ======== Net earnings (loss) per unit $ (0.02) (0.02) (0.01) (0.01) ======== ======== ======== ======== Units outstanding 3,563,323 3,563,323 3,563,323 3,563,323 ========= ========= ========= ========= Statements of Cash Flow For the Six Months Ended June 30, 1996 1995 Cash flows from operating activities: Net earnings (loss) $ (67,140) (57,245) Depreciation 1,911 2,867 Decrease in other assets 25,171 32,216 Increase (decrease) in liabilities (16,039) (14,531) Net cash flow from operating activities (56,097) (36,693) Cash expenditures for Elliott Ranch (132,119) (81,475) Net increase in cash and cash equivalents (188,216) (118,168) Beginning cash and cash equivalents 1,959,778 2,194,703 Ending cash and cash equivalents $1,771,562 2,076,535 ========= ========= E & J PROPERTIES, LTD. (A California Limited Partnership) Note to Financial Statements (Unaudited) In the opinion of the partnership, the accompanying unaudited financial statements contain all adjustments (consisting only of normal recurring accruals) necessary to present fairly financial position as of June 30, 1996 and the results of operations for the three and six months then ended, and cash flow for the six months then ended. Management's Discussion and Analysis of Financial Condition and Results of Operations The cash currently held by the Limited Partnership is considered sufficient to meet future liquidity and capital needs. Operations consist of interest and rental income and rental, and general and administrative expenses. It is anticipated that substantial funds will be expended to place the remainder of the Elliott Ranch in marketable condition and to maximize its value. PART II - OTHER INFORMATION AND SIGNATURES Items 1 to 6 Nothing to report. Signatures Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. E & J PROPERTIES, LTD. (Registrant) Date: July 26, 1996 /s/ Elaine McKeon Elaine McKeon, General Partner EX-27 2 ART. 5 FDS FOR 2ND QUARTER 10-Q
5 1 6-MOS DEC-31-1996 JUN-30-1996 1,771,562 0 0 0 0 0 0 0 4,608,269 0 0 0 0 0 4,587,783 4,608,269 0 52,290 0 0 119,430 0 0 (67,140) 0 (67,140) 0 0 0 (67,140) (0.02) (0.02)
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