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REGISTERED NUMBER: 04040196 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

BURGESS & CO ESTATE AGENTS LIMITED

BURGESS & CO ESTATE AGENTS LIMITED (REGISTERED NUMBER: 04040196)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


BURGESS & CO ESTATE AGENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Melisande Property Group Ltd
Mr P D J Rendle
Mr A B R Davey





REGISTERED OFFICE: Bexhill office
3 Devonshire Square
Bexhill on Sea
East Sussex
TN40 1AB





REGISTERED NUMBER: 04040196 (England and Wales)





ACCOUNTANTS: Acuity Professional Partnership LLP
Unit 2.02
High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES

BURGESS & CO ESTATE AGENTS LIMITED (REGISTERED NUMBER: 04040196)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,003 9,338

CURRENT ASSETS
Stocks 5 12,325 1,825
Debtors 6 7,707 3,648
Cash at bank and in hand 121,753 191,041
141,785 196,514
CREDITORS
Amounts falling due within one year 7 49,221 58,129
NET CURRENT ASSETS 92,564 138,385
TOTAL ASSETS LESS CURRENT
LIABILITIES

99,567

147,723

CAPITAL AND RESERVES
Called up share capital 8 80 80
Special reserve 20 20
Retained earnings 99,467 147,623
SHAREHOLDERS' FUNDS 99,567 147,723

BURGESS & CO ESTATE AGENTS LIMITED (REGISTERED NUMBER: 04040196)

STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 2023


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 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 26 September 2024 and were signed on its behalf by:





Mr P D J Rendle - Director


BURGESS & CO ESTATE AGENTS LIMITED (REGISTERED NUMBER: 04040196)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Burgess & Co Estate Agents 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 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.
Improvements to property - 20% on cost
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

STOCKS
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 statement of financial position date.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 7 ) .

BURGESS & CO ESTATE AGENTS LIMITED (REGISTERED NUMBER: 04040196)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
Cost
At 1 January 2023
and 31 December 2023 25,605 85,443 10,575 121,623
Depreciation
At 1 January 2023 25,605 83,785 2,895 112,285
Charge for year - 415 1,920 2,335
At 31 December 2023 25,605 84,200 4,815 114,620
Net book value
At 31 December 2023 - 1,243 5,760 7,003
At 31 December 2022 - 1,658 7,680 9,338

5. STOCKS
31.12.23 31.12.22
£    £   
Work-in-progress 12,325 1,825

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 7,047 3,000
Other debtors 660 648
7,707 3,648

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 9,842 791
Taxation and social security 36,539 54,400
Other creditors 2,840 2,938
49,221 58,129

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
60 Ordinary A £1 60 60
20 Ordinary B £1 20 20
80 80