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REGISTERED NUMBER: 12622907 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 May 2024

for

Murdock & Wasley Estate Agents Ltd

Murdock & Wasley Estate Agents Ltd (Registered number: 12622907)

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










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Murdock & Wasley Estate Agents Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTORS: L A Murdock
M G Wasley



REGISTERED OFFICE: 95 Maidenhall
Highnam
Gloucester
Gloucestershire
GL2 8DJ



REGISTERED NUMBER: 12622907 (England and Wales)



ACCOUNTANTS: HATS Gloucester Ltd
48 Hucclecote Road
Gloucester
Gloucestershire
GL3 3RS



BANKERS: Starling Bank
3rd Floor, 2 Finsbury Avenue
London
EC2M 2PP

Murdock & Wasley Estate Agents Ltd (Registered number: 12622907)

Statement of Financial Position
31 May 2024

31/5/24 31/5/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,370 8,490
Investments 5 9,645 9,645
15,015 18,135

CURRENT ASSETS
Debtors 6 64,032 19,563
Cash at bank 141,266 313,572
205,298 333,135
CREDITORS
Amounts falling due within one year 7 93,135 223,177
NET CURRENT ASSETS 112,163 109,958
TOTAL ASSETS LESS CURRENT
LIABILITIES

127,178

128,093

CREDITORS
Amounts falling due after more than one
year

8

-

(1,495

)

PROVISIONS FOR LIABILITIES (1,098 ) (1,633 )
NET ASSETS 126,080 124,965

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 125,980 124,865
SHAREHOLDERS' FUNDS 126,080 124,965

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

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

Murdock & Wasley Estate Agents Ltd (Registered number: 12622907)

Statement of Financial Position - continued
31 May 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 3 September 2024 and were signed on its behalf by:




L A Murdock - Director



M G Wasley - Director


Murdock & Wasley Estate Agents Ltd (Registered number: 12622907)

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


1. STATUTORY INFORMATION

Murdock & Wasley Estate Agents Ltd 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 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.
Short leasehold - Straight line over 3 years
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Murdock & Wasley Estate Agents Ltd (Registered number: 12622907)

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


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Computer
leasehold machinery fittings equipment Totals
£    £    £    £    £   
Cost
At 1 June 2023 2,940 1,801 6,906 7,105 18,752
Additions - - 485 958 1,443
At 31 May 2024 2,940 1,801 7,391 8,063 20,195
Depreciation
At 1 June 2023 980 892 3,410 4,980 10,262
Charge for year 980 227 995 2,361 4,563
At 31 May 2024 1,960 1,119 4,405 7,341 14,825
Net book value
At 31 May 2024 980 682 2,986 722 5,370
At 31 May 2023 1,960 909 3,496 2,125 8,490

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
31/5/24 31/5/23
£    £   
Fixed asset cost 9,645 -
Fixed asset additions - 9,645
9,645 9,645

The investment included at £9,645 is a share in a Horse included at cost. The original cost is not materially different to its current market value and as such the Horse is included within the accounts at the original purchase cost.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/24 31/5/23
£    £   
Trade debtors 52,825 14,942
Amounts owed by group undertakings 8,342 -
Other debtors 2,865 4,621
64,032 19,563

Murdock & Wasley Estate Agents Ltd (Registered number: 12622907)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/24 31/5/23
£    £   
Trade creditors 1,973 491
Amounts owed to group undertakings - 142,140
Taxation and social security 87,623 75,433
Other creditors 3,539 5,113
93,135 223,177

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/5/24 31/5/23
£    £   
Other creditors - 1,495

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31/5/24 31/5/23
£    £   
Within one year 11,871 11,163
Between one and five years 10,535 22,407
22,406 33,570

10. RELATED PARTY DISCLOSURES

Murdock & Wasley Holdings Ltd
Parent company

A loan exists between the company and its parent company Murdock & Wasley Holdings Ltd. At 31 May 2024, the company was owed £8,342 from Murdock & Wasley Holdings Ltd (2023 £142,140 was owed to Murdock & Wasley Holdings Ltd). The loan is interest free with no fixed repayment terms.

11. ULTIMATE CONTROLLING PARTY

The company is controlled by Murdock & Wasley Holdings Ltd, a company controlled by the directors of Murdock & Wasley Estate Agents Ltd. Murdock & Wasley Holdings Ltd, which shares the same registered office as Murdock & Wasley Estate Agents Ltd, has taken the option under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.