2023-01-012023-12-312023-12-31false10487566THW ESTATE AGENTS 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THW ESTATE AGENTS LIMITED

Registered Number
10487566
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

THW ESTATE AGENTS LIMITED
Company Information
for the year from 1 January 2023 to 31 December 2023

Directors

COOKE, John William
DIXON, Angela
HOBAN, Clare

Registered Address

114/116 Stricklandgate
Kendal
LA9 4QA

Registered Number

10487566 (England and Wales)
THW ESTATE AGENTS LIMITED
Balance Sheet as at
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Intangible assets3286,258328,346
Tangible assets416,40427,648
Investments57512,075
302,737368,069
Current assets
Debtors54,24945,957
Cash at bank and on hand110,524130,156
164,773176,113
Creditors amounts falling due within one year6(136,042)(138,732)
Net current assets (liabilities)28,73137,381
Total assets less current liabilities331,468405,450
Provisions for liabilities8(3,015)(3,015)
Net assets328,453402,435
Capital and reserves
Called up share capital100100
Profit and loss account328,353402,335
Shareholders' funds328,453402,435
The financial statements were approved and authorised for issue by the Board of Directors on 18 September 2024, and are signed on its behalf by:
DIXON, Angela
Director
HOBAN, Clare
Director

Registered Company No. 10487566
THW ESTATE AGENTS LIMITED
Notes to the Financial Statements
for the year ended 31 December 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
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. Computer software is being amortised evenly over its estimated useful life of three years. Tangible fixed assets Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes the original purchase price of the asset and the costs attributable to bringing the asset to its working condition for its intended use
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Plant and machinery3
Fixtures and fittings4
Office Equipment10
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
2.Average number of employees

20232022
Average number of employees during the year00
3.Intangible assets

Goodwill

Total

££
Cost or valuation
At 01 January 23588,085588,085
At 31 December 23588,085588,085
Amortisation and impairment
At 01 January 23259,739259,739
Charge for year42,08842,088
At 31 December 23301,827301,827
Net book value
At 31 December 23286,258286,258
At 31 December 22328,346328,346
4.Tangible fixed assets

Plant & machinery

Fixtures & fittings

Office Equipment

Total

££££
Cost or valuation
At 01 January 2335,3787,90831,49474,780
At 31 December 2335,3787,90831,49474,780
Depreciation and impairment
At 01 January 2319,5237,90819,70147,132
Charge for year3,537-7,70711,244
At 31 December 2323,0607,90827,40858,376
Net book value
At 31 December 2312,318-4,08616,404
At 31 December 2215,855-11,79327,648
5.Fixed asset investments

Loans to groups1

Total

££
Cost or valuation
At 01 January 2312,07512,075
Disposals(12,000)(12,000)
At 31 December 237575
Net book value
At 31 December 237575
At 31 December 2212,07512,075

Notes

1Loans to group undertakings and participating interests
6.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables25,79034,520
Taxation and social security108,45298,196
Accrued liabilities and deferred income1,8006,016
Total136,042138,732
7.Creditors: amounts due after one year
8.Provisions for liabilities

2023

2022

££
Net deferred tax liability (asset)3,0153,015
Total3,0153,015