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REGISTERED NUMBER: 07256741 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Duncan Yeardley Estate Agent Limited

Duncan Yeardley Estate Agent Limited (Registered number: 07256741)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Duncan Yeardley Estate Agent Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: N Thring





REGISTERED OFFICE: 9 Crown Row
Crown Wood
Bracknell
Berkshire
RG12 0TH





REGISTERED NUMBER: 07256741 (England and Wales)





ACCOUNTANTS: Brewers Chartered Accountants
Bourne House
Queen Street
Gomshall
Surrey
GU5 9LY

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Duncan Yeardley Estate Agent Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Duncan Yeardley Estate Agent Limited for the year ended 31 December 2023 which comprise the Profit and loss account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Duncan Yeardley Estate Agent Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Duncan Yeardley Estate Agent Limited and state those matters that we have agreed to state to the director of Duncan Yeardley Estate Agent Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Duncan Yeardley Estate Agent Limited and its director for our work or for this report.

It is your duty to ensure that Duncan Yeardley Estate Agent Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Duncan Yeardley Estate Agent Limited. You consider that Duncan Yeardley Estate Agent Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Duncan Yeardley Estate Agent Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Brewers Chartered Accountants
Bourne House
Queen Street
Gomshall
Surrey
GU5 9LY


10 April 2024

Duncan Yeardley Estate Agent Limited (Registered number: 07256741)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 540,000 90,000
Tangible assets 5 26,710 43,347
566,710 133,347

CURRENT ASSETS
Debtors 6 46,039 32,476
Cash at bank 268,443 655,327
314,482 687,803
CREDITORS
Amounts falling due within one year 7 246,110 209,323
NET CURRENT ASSETS 68,372 478,480
TOTAL ASSETS LESS CURRENT LIABILITIES 635,082 611,827

CREDITORS
Amounts falling due after more than one
year

8

(284,167

)

(129,167

)

PROVISIONS FOR LIABILITIES (7,626 ) (7,626 )
NET ASSETS 343,289 475,034

CAPITAL AND RESERVES
Called up share capital 50,000 50,000
Retained earnings 293,289 425,034
343,289 475,034

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

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

Duncan Yeardley Estate Agent Limited (Registered number: 07256741)

Balance Sheet - continued
31 December 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 Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 April 2024 and were signed by:





N Thring - Director


Duncan Yeardley Estate Agent Limited (Registered number: 07256741)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Duncan Yeardley 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 as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
- the amount of revenue can be measured reliably;
- it is probable that the Company will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and
- the costs incurred and the costs to complete the contract can be measured reliably.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on cost

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


Duncan Yeardley Estate Agent Limited (Registered number: 07256741)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

Debtors
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents
Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

3. EMPLOYEES AND DIRECTORS

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

Duncan Yeardley Estate Agent Limited (Registered number: 07256741)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023 300,000
Additions 600,000
At 31 December 2023 900,000
AMORTISATION
At 1 January 2023 210,000
Charge for year 150,000
At 31 December 2023 360,000
NET BOOK VALUE
At 31 December 2023 540,000
At 31 December 2022 90,000

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 January 2023 156,342 19,208 175,550
Additions 1,870 - 1,870
Disposals - (19,208 ) (19,208 )
At 31 December 2023 158,212 - 158,212
DEPRECIATION
At 1 January 2023 122,599 9,604 132,203
Charge for year 8,903 - 8,903
Eliminated on disposal - (9,604 ) (9,604 )
At 31 December 2023 131,502 - 131,502
NET BOOK VALUE
At 31 December 2023 26,710 - 26,710
At 31 December 2022 33,743 9,604 43,347

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 43,066 31,057
Other debtors 2,973 1,419
46,039 32,476

Duncan Yeardley Estate Agent Limited (Registered number: 07256741)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 110,000 50,000
Trade creditors 249 4,267
Taxation and social security 131,601 137,220
Other creditors 4,260 17,836
246,110 209,323

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans 284,167 129,167