Registered Number:02283706 |
For the year ended 31 December 2021
England and Wales
Unaudited Financial Statements
For the year ended 31 December 2021
Estatewise Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
Estatewise Limited
Statement of Financial Position
2020
2021
Property, plant and equipment |
71,630
72,130
2
71,630
72,130
Trade and other receivables |
-
2,104
3
19,906
Cash and cash equivalents |
23,172
25,276
19,906
Trade and other payables: amounts falling due within one |
year |
(2,751)
(1,543)
4
17,155
23,733
Net current assets
Total assets less current liabilities |
95,363
89,285
Trade and other payables: amounts falling due after more |
than one year |
(452)
(452)
5
94,911
Net assets
88,833
100
100
49,900
49,900
44,911
38,833
94,911
88,833
Shareholders' funds
For the year ended 31 December 2021 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006 |
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
B D Askaroff B.A. MSc Real Estate AssocRICS Director |
These financial statements were approved and authorised for issue by the Board on 17 August 2022 and were signed by: |
The notes form part of these financial statements |
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For the year ended 31 December 2021
Estatewise Limited
Notes to the Financial Statements
Statutory Information
Estatewise Limited is a private limited company, limited by shares, domiciled in England and Wales, registration |
number 02283706. |
1 Trinity Trees
Eastbourne
East Sussex
BN21 3LA
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Computer equipment
Fixtures and fittings
No depreciation is provided on the company''s freehold properties since in the opinion of the directors the expected |
useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation |
would be immaterial. The directors undertake an annual impairment review of these properties. |
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
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For the year ended 31 December 2021
Estatewise Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment |
75,630
5,000
70,630
70,630
5,000
75,630
Provision for depreciation and impairment |
3,500
3,500
-
Charge for year
500
500
-
4,000
4,000
-
70,630
1,000
71,630
70,630
1,500
72,130
3. Trade and other receivables |
2020
2021
2,104
-
4. Trade and other payables: amounts falling due within one year |
2020
2021
Taxation and social security |
1,543
2,193
-
558
1,543
2,751
5. Trade and other payables: amounts falling due after more than one year |
2020
2021
452
452
6. Average number of persons employed |
During the year the average number of employees was 1 (2020 : 1)
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