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REGISTERED NUMBER: 12137355 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023

FOR

MOVE ESTATE AGENTS LIMITED

MOVE ESTATE AGENTS LIMITED (REGISTERED NUMBER: 12137355)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MOVE ESTATE AGENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: G H B Tatham-Losh
Ms A S J Collings





REGISTERED OFFICE: 1 Clarence Parade
Cheltenham
Gloucestershire
GL50 3NY





REGISTERED NUMBER: 12137355 (England and Wales)





ACCOUNTANTS: Randall & Payne LLP
Chartered Accountants
Chargrove House
Shurdington Road
Cheltenham
Gloucestershire
GL51 4GA

MOVE ESTATE AGENTS LIMITED (REGISTERED NUMBER: 12137355)

BALANCE SHEET
31 MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 40,501 30,735

CURRENT ASSETS
Debtors 5 104,321 200,935
Cash at bank 410,922 336,879
515,243 537,814
CREDITORS
Amounts falling due within one year 6 276,871 284,505
NET CURRENT ASSETS 238,372 253,309
TOTAL ASSETS LESS CURRENT
LIABILITIES

278,873

284,044

PROVISIONS FOR LIABILITIES 6,522 5,840
NET ASSETS 272,351 278,204

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 272,251 278,104
272,351 278,204

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 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.

MOVE ESTATE AGENTS LIMITED (REGISTERED NUMBER: 12137355)

BALANCE SHEET - continued
31 MAY 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 20 February 2024 and were signed on its behalf by:




G H B Tatham-Losh - Director



Ms A S J Collings - Director


MOVE ESTATE AGENTS LIMITED (REGISTERED NUMBER: 12137355)

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

1. STATUTORY INFORMATION

Move Estate Agents 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.

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


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.
Improvements to property - 25% on cost

Financial instruments
Financial Instruments are classified by the directors as basic or advanced following the conditions in FRS 102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest method.

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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

MOVE ESTATE AGENTS LIMITED (REGISTERED NUMBER: 12137355)

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

2. ACCOUNTING POLICIES - continued

Provisions
Provisions are recognised only where a present obligation exists as a result of a past transaction or event at or prior to the balance sheet date. In addition, a provision is only recognised where the amounts involved can be reliably estimated. Where material, provisions are calculated on a discounted basis.

Going concern
There are no material uncertainties that may cast significant doubt about the company's ability to continue as a going concern.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2022 - 21 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 June 2022 15,712 31,720 4,284 51,716
Additions 16,559 9,013 1,899 27,471
At 31 May 2023 32,271 40,733 6,183 79,187
DEPRECIATION
At 1 June 2022 6,861 12,648 1,472 20,981
Charge for year 6,792 9,527 1,386 17,705
At 31 May 2023 13,653 22,175 2,858 38,686
NET BOOK VALUE
At 31 May 2023 18,618 18,558 3,325 40,501
At 31 May 2022 8,851 19,072 2,812 30,735

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 50,576 155,767
Other debtors 42,338 41,565
Prepayments 11,407 3,603
104,321 200,935

MOVE ESTATE AGENTS LIMITED (REGISTERED NUMBER: 12137355)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 39,995 31,723
Corporation Tax 51,671 75,822
Social security and other taxes 16,585 11,619
Wages payable 108 -
Pensions payable 2,879 2,062
VAT 55,381 72,565
Directors' loan accounts 98,354 84,000
Accrued expenses 11,898 6,714
276,871 284,505

7. OTHER FINANCIAL COMMITMENTS

The lease commitment is in respect of commercial property rents is £86,100 annually.

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2023 2022
£    £   
G H B Tatham-Losh
Balance outstanding at start of year (63,926 ) (54,848 )
Amounts advanced 229 3,362
Amounts repaid (14,271 ) (12,440 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (77,968 ) (63,926 )

Ms A S J Collings
Balance outstanding at start of year (20,074 ) (19,450 )
Amounts repaid (312 ) (624 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (20,386 ) (20,074 )

No interest is being charged on the loan account and there are no set repayment terms.