IRIS Accounts Production v23.3.0.418 12601241 director 1.6.22 31.5.23 31.5.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure126012412022-05-31126012412023-05-31126012412022-06-012023-05-31126012412021-05-31126012412021-06-012022-05-31126012412022-05-3112601241ns16:EnglandWales2022-06-012023-05-3112601241ns15:PoundSterling2022-06-012023-05-3112601241ns11:Director12022-06-012023-05-3112601241ns11:PrivateLimitedCompanyLtd2022-06-012023-05-3112601241ns11:SmallEntities2022-06-012023-05-3112601241ns11:AuditExempt-NoAccountantsReport2022-06-012023-05-3112601241ns11:SmallCompaniesRegimeForDirectorsReport2022-06-012023-05-3112601241ns11:SmallCompaniesRegimeForAccounts2022-06-012023-05-3112601241ns11:FullAccounts2022-06-012023-05-3112601241ns11:OrdinaryShareClass12022-06-012023-05-3112601241ns11:RegisteredOffice2022-06-012023-05-3112601241ns6:CurrentFinancialInstruments2023-05-3112601241ns6:CurrentFinancialInstruments2022-05-3112601241ns6:ShareCapital2023-05-3112601241ns6:ShareCapital2022-05-3112601241ns6:RetainedEarningsAccumulatedLosses2023-05-3112601241ns6:RetainedEarningsAccumulatedLosses2022-05-3112601241ns6:PlantMachinery2022-06-012023-05-3112601241ns6:ComputerEquipment2022-06-012023-05-3112601241ns6:PlantMachinery2022-05-3112601241ns6:ComputerEquipment2022-05-3112601241ns6:PlantMachinery2023-05-3112601241ns6:ComputerEquipment2023-05-3112601241ns6:PlantMachinery2022-05-3112601241ns6:ComputerEquipment2022-05-3112601241ns6:WithinOneYearns6:CurrentFinancialInstruments2023-05-3112601241ns6:WithinOneYearns6:CurrentFinancialInstruments2022-05-3112601241ns11:OrdinaryShareClass12023-05-31
REGISTERED NUMBER: 12601241 (England and Wales)














PAUL STRIPP ESTATE AGENT LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023






PAUL STRIPP ESTATE AGENT LIMITED (REGISTERED NUMBER: 12601241)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 4


PAUL STRIPP ESTATE AGENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTOR: Mr P W Stripp





REGISTERED OFFICE: Landgate Chambers
Rye
East Sussex
TN31 7LJ





REGISTERED NUMBER: 12601241 (England and Wales)





ACCOUNTANTS: Gibbons Mannington & Phipps LLP
Chartered Accountants
Landgate Chambers
Rye
East Sussex
TN31 7LJ

PAUL STRIPP ESTATE AGENT LIMITED (REGISTERED NUMBER: 12601241)

BALANCE SHEET
31 MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 624 383

CURRENT ASSETS
Debtors 5 1,490 11,743
Cash at bank 18,866 504
20,356 12,247
CREDITORS
Amounts falling due within one year 6 20,390 5,553
NET CURRENT (LIABILITIES)/ASSETS (34 ) 6,694
TOTAL ASSETS LESS CURRENT
LIABILITIES

590

7,077

PROVISIONS FOR LIABILITIES 119 73
NET ASSETS 471 7,004

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 371 6,904
SHAREHOLDERS' FUNDS 471 7,004

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 applicable to companies subject to the small companies regime.

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

The financial statements were approved by the director and authorised for issue on 17 November 2023 and were signed by:





Mr P W Stripp - Director


PAUL STRIPP ESTATE AGENT LIMITED (REGISTERED NUMBER: 12601241)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023


1. STATUTORY INFORMATION

Paul Stripp Estate Agent Limited 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.

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.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Computer equipment - 33% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

PAUL STRIPP ESTATE AGENT LIMITED (REGISTERED NUMBER: 12601241)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 June 2022 - 884 884
Additions 714 - 714
At 31 May 2023 714 884 1,598
DEPRECIATION
At 1 June 2022 - 501 501
Charge for year 179 294 473
At 31 May 2023 179 795 974
NET BOOK VALUE
At 31 May 2023 535 89 624
At 31 May 2022 - 383 383

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,260 11,339
Other debtors 230 404
1,490 11,743

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 8,294 4,314
Other creditors 12,096 1,239
20,390 5,553

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary 1 100 100