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REGISTERED NUMBER: 03430140 (England and Wales)














Financial Statements for the Year Ended 31 January 2024

for

Peter Roffey Estate Agents Limited

Peter Roffey Estate Agents Limited (Registered number: 03430140)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Peter Roffey Estate Agents Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: Mr P W Roffey
Mrs K Roffey





REGISTERED OFFICE: The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY





REGISTERED NUMBER: 03430140 (England and Wales)





ACCOUNTANTS: Nordens
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY

Peter Roffey Estate Agents Limited (Registered number: 03430140)

Statement of Financial Position
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 306,292 307,927

CURRENT ASSETS
Debtors 5 1,836 -
Cash at bank 693,814 732,195
695,650 732,195
CREDITORS
Amounts falling due within one year 6 178,387 177,878
NET CURRENT ASSETS 517,263 554,317
TOTAL ASSETS LESS CURRENT LIABILITIES 823,555 862,244

CREDITORS
Amounts falling due after more than one year 7 14,814 31,909
NET ASSETS 808,741 830,335

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 8 118,588 118,588
Retained earnings 690,053 711,647
808,741 830,335

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

Peter Roffey Estate Agents Limited (Registered number: 03430140)

Statement of Financial Position - continued
31 January 2024


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 Board of Directors and authorised for issue on 18 April 2024 and were signed on its behalf by:




Mr P W Roffey - Director



Mrs K Roffey - Director


Peter Roffey Estate Agents Limited (Registered number: 03430140)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Peter Roffey 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.

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 as modified by the revaluation of certain assets.

Turnover
Revenue 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.
Leasehold - over the term of the lease
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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 statement of financial position date.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

Peter Roffey Estate Agents Limited (Registered number: 03430140)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Motor Computer
Leasehold fittings vehicles equipment Totals
£    £    £    £    £   
COST OR VALUATION
At 1 February 2023
and 31 January 2024 300,000 8,169 24,818 14,246 347,233
DEPRECIATION
At 1 February 2023 - 4,700 22,924 11,682 39,306
Charge for year - 520 474 641 1,635
At 31 January 2024 - 5,220 23,398 12,323 40,941
NET BOOK VALUE
At 31 January 2024 300,000 2,949 1,420 1,923 306,292
At 31 January 2023 300,000 3,469 1,894 2,564 307,927

Cost or valuation at 31 January 2024 is represented by:

Fixtures
and Motor Computer
Leasehold fittings vehicles equipment Totals
£    £    £    £    £   
Valuation in 2024 300,000 8,169 24,818 14,246 347,233

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Other debtors 1,836 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 9,392 -
Taxation and social security 6,548 23,608
Other creditors 162,447 154,270
178,387 177,878

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans 14,814 31,909

Peter Roffey Estate Agents Limited (Registered number: 03430140)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

8. RESERVES
Fair
value
reserve
£   
At 1 February 2023
and 31 January 2024 118,588

9. RELATED PARTY DISCLOSURES

The Directors Mr P Roffey and Mrs K Roffey are considered to be the key management personnel.