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COMPANY REGISTRATION NUMBER: 09464215
The Professional Estate Agency Company Limited
Unaudited Financial Statements
31 May 2023
The Professional Estate Agency Company Limited
Statement of Financial Position
31 May 2023
2023
2022
£
£
£
Fixed assets
10,212
12,880
--------
--------
Current assets
168,114
207,092
Creditors: amounts falling due within one year
33,187
44,868
---------
---------
Net current assets
134,927
162,224
---------
---------
Total assets less current liabilities
145,139
175,104
Creditors: amounts falling due after more than one year
20,765
30,765
Accruals and deferred income
12,753
12,305
---------
---------
111,621
132,034
---------
---------
Capital and reserves
111,621
132,034
---------
---------
Notes to the financial statements
1. Employee numbers
The average number of persons employed by the company during the year amounted to 7 (2022: 7 ).
2. Directors' advances, credits and guarantees
At the year end E Pike owed the Company £17,718 (2022 £17,992). P Fenton was advanced £65,000 during June 2022. Both loans have been repaid in full within nine months of the year end. Interest has been charged at the official rate.
3. Security
Included in creditors due within one year and after one year is a Coronavirus Bounce Back loan which is secured under the Government Scheme.
For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the board of directors and authorised for issue on 22 February 2024 , and are signed on behalf of the board by:
P R C Fenton
A Paul
Director
Director
Company registration number: 09464215
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 34 Fore Street, Chard, Somerset, TA20 1PT.