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REGISTERED NUMBER: 03696005 (England and Wales)
























FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

ANDREW COWEN ESTATE AGENT LIMITED

ANDREW COWEN ESTATE AGENT LIMITED (REGISTERED NUMBER: 03696005)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 30 June 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ANDREW COWEN ESTATE AGENT LIMITED

COMPANY INFORMATION
For The Year Ended 30 June 2023







DIRECTORS: Mr W D Cowen
Mrs S L Cowen





SECRETARY: Mr W D Cowen





REGISTERED OFFICE: 5&6 Manor Court
Manor Garth
Scarborough
North Yorkshire
YO11 3TU





REGISTERED NUMBER: 03696005 (England and Wales)





ACCOUNTANTS: Fortus North Limited
Business Advisors & Accountants
5&6 Manor Court
Manor Garth
Scarborough
North Yorkshire
YO11 3TU

ANDREW COWEN ESTATE AGENT LIMITED (REGISTERED NUMBER: 03696005)

BALANCE SHEET
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3,000 6,000
Tangible assets 5 66,965 37,982
69,965 43,982

CURRENT ASSETS
Stocks 3,139 4,605
Debtors 6 1,084,999 1,064,086
Cash at bank 529,313 569,574
1,617,451 1,638,265
CREDITORS
Amounts falling due within one year 7 207,925 268,730
NET CURRENT ASSETS 1,409,526 1,369,535
TOTAL ASSETS LESS CURRENT LIABILITIES 1,479,491 1,413,517

PROVISIONS FOR LIABILITIES 10,011 5,903
NET ASSETS 1,469,480 1,407,614

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,469,380 1,407,514
SHAREHOLDERS' FUNDS 1,469,480 1,407,614

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

ANDREW COWEN ESTATE AGENT LIMITED (REGISTERED NUMBER: 03696005)

BALANCE SHEET - continued
30 June 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 18 January 2024 and were signed on its behalf by:





Mr W D Cowen - Director


ANDREW COWEN ESTATE AGENT LIMITED (REGISTERED NUMBER: 03696005)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 30 June 2023


1. STATUTORY INFORMATION

Andrew Cowen 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.

The principal accounting policies adopted in the preparation of the financial statements are set out below.

Turnover
Turnover represents net invoiced sales of services and commissions receivable.

Goodwill
Goodwill, being £200,000 in connection with a business acquired in July 2007 has been amortised over its estimated useful life of ten years and is now fully amortised. Goodwill, being £1,750 in connection with a business acquired in October 2007, has been amortised over its estimated useful life of three years and is now fully amortised. Goodwill, being £30,000 in connection with a business acquired on 1 July 2014 is being amortised over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Furniture and equipment - 20% on cost
Motor vehicles - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

ANDREW COWEN ESTATE AGENT LIMITED (REGISTERED NUMBER: 03696005)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 June 2023


2. ACCOUNTING POLICIES - continued

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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2022 - 23 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2022
and 30 June 2023 231,750
AMORTISATION
At 1 July 2022 225,750
Charge for year 3,000
At 30 June 2023 228,750
NET BOOK VALUE
At 30 June 2023 3,000
At 30 June 2022 6,000

ANDREW COWEN ESTATE AGENT LIMITED (REGISTERED NUMBER: 03696005)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 June 2023


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2022 157,188
Additions 48,999
At 30 June 2023 206,187
DEPRECIATION
At 1 July 2022 119,206
Charge for year 20,016
At 30 June 2023 139,222
NET BOOK VALUE
At 30 June 2023 66,965
At 30 June 2022 37,982

6. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 9,116 31,154
Other debtors 5,482 4,531
14,598 35,685

Amounts falling due after more than one year:
Amounts owed by associates 1,070,401 1,028,401

Aggregate amounts 1,084,999 1,064,086

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Payments on account 116,608 113,056
Taxation and social security 71,524 113,452
Other creditors 19,793 42,222
207,925 268,730