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REGISTERED NUMBER: 08621118 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Websters Estate Agents London Ltd

Websters Estate Agents London Ltd (Registered number: 08621118)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Websters Estate Agents London Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Ms S J Dumville
M R Webster





REGISTERED OFFICE: 4 Riverview
Walnut Tree Close
Guildford
Surrey
GU1 4UX





REGISTERED NUMBER: 08621118 (England and Wales)





ACCOUNTANTS: Bristow Burrell
4 Riverview
Walnut Tree Close
Guildford
Surrey
GU1 4UX

Websters Estate Agents London Ltd (Registered number: 08621118)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - 2,000
Tangible assets 6 42,044 7,954
42,044 9,954

CURRENT ASSETS
Debtors 7 9,825 10,602
Cash at bank and in hand 600,759 756,177
610,584 766,779
CREDITORS
Amounts falling due within one
year

8

428,494

439,778
NET CURRENT ASSETS 182,090 327,001
TOTAL ASSETS LESS CURRENT
LIABILITIES

224,134

336,955

PROVISIONS FOR LIABILITIES 1,673 1,891
NET ASSETS 222,461 335,064

CAPITAL AND RESERVES
Called up share capital 9 10 10
Retained earnings 222,451 335,054
SHAREHOLDERS' FUNDS 222,461 335,064

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 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.

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 2 July 2024 and were signed on its behalf by:





M R Webster - Director


Websters Estate Agents London Ltd (Registered number: 08621118)

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

1. STATUTORY INFORMATION

Websters Estate Agents London 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of ten 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.
Freehold property - 2% on cost
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 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.

Websters Estate Agents London Ltd (Registered number: 08621118)

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

3. ACCOUNTING POLICIES - continued

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2022 - 9 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 20,000
AMORTISATION
At 1 January 2023 18,000
Charge for year 2,000
At 31 December 2023 20,000
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 2,000

6. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 January 2023 - 3,926 18,540 22,466
Additions 36,072 - 1,848 37,920
At 31 December 2023 36,072 3,926 20,388 60,386
DEPRECIATION
At 1 January 2023 - 1,463 13,049 14,512
Charge for year 721 493 2,616 3,830
At 31 December 2023 721 1,956 15,665 18,342
NET BOOK VALUE
At 31 December 2023 35,351 1,970 4,723 42,044
At 31 December 2022 - 2,463 5,491 7,954

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 2,353 2,950
Other debtors 7,472 7,652
9,825 10,602

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 12,910 10,931
Taxation and social security 86,514 95,955
Other creditors 329,070 332,892
428,494 439,778

Websters Estate Agents London Ltd (Registered number: 08621118)

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

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
1,000 Ordinary £0.01 10 10

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are Mr M Webster and Ms S Dumville by virtue of the 100% interest in the ordinary share capital of the company