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REGISTERED NUMBER: 04398817 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 March 2023

for

The Personal Agent Ltd

The Personal Agent Ltd (Registered number: 04398817)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Personal Agent Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTORS: R J Briggs
R K Digance
A A Burn





REGISTERED OFFICE: Boston House
Henley-on-Thames
RG9 1DY





REGISTERED NUMBER: 04398817 (England and Wales)





ACCOUNTANTS: Villars Hayward LLP
Chartered Accountants,
Chartered Tax Advisers and Registered Auditors
Boston House
Henley-on-Thames
RG9 1DY

The Personal Agent Ltd (Registered number: 04398817)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 122,249 271,414
Investments 5 398,573 398,573
520,822 669,987

CURRENT ASSETS
Debtors 6 587,895 701,114
Cash at bank and in hand 461,603 175,751
1,049,498 876,865
CREDITORS
Amounts falling due within one year 7 540,769 251,653
NET CURRENT ASSETS 508,729 625,212
TOTAL ASSETS LESS CURRENT LIABILITIES 1,029,551 1,295,199

CREDITORS
Amounts falling due after more than one year 8 (53,238 ) (464,309 )

PROVISIONS FOR LIABILITIES (23,227 ) (99,589 )
NET ASSETS 953,086 731,301

CAPITAL AND RESERVES
Called up share capital 2,110 2,110
Retained earnings 950,976 729,191
953,086 731,301

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 Personal Agent Ltd (Registered number: 04398817)

Balance Sheet - continued
31 March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2023 and were signed on its behalf by:




R J Briggs - Director R K Digance - Director




A A Burn - Director


The Personal Agent Ltd (Registered number: 04398817)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

The Personal Agent Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


The principal activity of the company in the year under review was that of real estate agency services.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover from the rendering of services is recognised when the amount of revenue can be measured reliably and when it is probable that the economic benefits associated with the transaction will flow to the entity.

Tangible fixed assets
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives as below:

Office equipment- 25% on cost and 25% on reducing balance
Motor vehicles- 20% on cost or spread over life of lease

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss, if any.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Leases that do not transfer all the risks and regards of ownership are classified as operating leases. Payments under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The obligation for contributions to defined contribution schemes are recognised as an expense as incurred. The assets of the scheme are held separately from those of the company in an independent administered fund.

The Personal Agent Ltd (Registered number: 04398817)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued

Financial assets and liabilities
Trade and other debtors are initially recognised at transaction price and are subsequently remeasured to amortised cost using the effective interest method, less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. Bank overdrafts, when applicable are shown within current liabilities.

Trade and other creditors are initially recognised at transaction price and are subsequently remeasured to amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

Going concern
The directors are not aware of any material uncertainties that may cast significant doubt over the ability of the company to continue trading. The preparation of the financial statements on the going concern basis is therefore deemed appropriate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2022 - 23 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 April 2022 169,432 248,395 417,827
Additions 75,856 109,180 185,036
Disposals - (357,575 ) (357,575 )
At 31 March 2023 245,288 - 245,288
DEPRECIATION
At 1 April 2022 92,594 53,819 146,413
Charge for year 30,445 - 30,445
Eliminated on disposal - (53,819 ) (53,819 )
At 31 March 2023 123,039 - 123,039
NET BOOK VALUE
At 31 March 2023 122,249 - 122,249
At 31 March 2022 76,838 194,576 271,414

The Personal Agent Ltd (Registered number: 04398817)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as follows:
Motor
vehicles
£   
COST
At 1 April 2022 248,395
Additions 109,180
Disposals (233,172 )
At 31 March 2023 124,403
DEPRECIATION
At 1 April 2022 53,819
Eliminated on disposal (26,865 )
At 31 March 2023 26,954
NET BOOK VALUE
At 31 March 2023 97,449
At 31 March 2022 194,576

5. FIXED ASSET INVESTMENTS

31.3.23 31.3.22
£    £   
Other investments not loans 398,573 398,573

Additional information is as follows:
Other
investments
£   
COST
At 1 April 2022
and 31 March 2023 9,000
NET BOOK VALUE
At 31 March 2023 9,000
At 31 March 2022 9,000

Investments (neither listed nor unlisted) were as follows:
31.3.23 31.3.22
£    £   
Capital asset investments 389,573 389,573

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 133,608 143,163
Amounts owed by group undertakings 141,911 435,628
Other debtors 312,376 122,323
587,895 701,114

The Personal Agent Ltd (Registered number: 04398817)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Hire purchase contracts and finance leases 308,861 47,479
Trade creditors 32,839 32,920
Taxation and social security 182,370 81,999
Other creditors 16,699 89,255
540,769 251,653

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£    £   
Hire purchase contracts and finance leases 53,238 464,309

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

31.3.23 31.3.22
£    £   
R J Briggs
Balance outstanding at start of year 52,471 51,504
Amounts advanced 50,144 967
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 102,615 52,471

R K Digance
Balance outstanding at start of year - 28,217
Amounts advanced 93,598 -
Amounts repaid - (28,217 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 93,598 -

10. RELATED PARTY DISCLOSURES

All transactions with related parties have occurred under normal market conditions on an arms length basis.