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REGISTERED NUMBER: 07021013 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

PHILCOX CUDDINGTON MITCHELL ESTATE
AGENTS LIMITED

PHILCOX CUDDINGTON MITCHELL ESTATE
AGENTS LIMITED (REGISTERED NUMBER: 07021013)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PHILCOX CUDDINGTON MITCHELL ESTATE
AGENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: B C Mitchell
S V Cuddington





REGISTERED OFFICE: 30 - 34 North Street
Hailsham
East Sussex
BN27 1DW





REGISTERED NUMBER: 07021013 (England and Wales)





ACCOUNTANTS: Watson Associates (Professional Services) Limited
30 - 34 North Street
Hailsham
East Sussex
BN27 1DW

PHILCOX CUDDINGTON MITCHELL ESTATE
AGENTS LIMITED (REGISTERED NUMBER: 07021013)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 77,359 99,649

CURRENT ASSETS
Debtors 5 126,183 62,555
Cash at bank and in hand 1,637,000 1,928,273
1,763,183 1,990,828
CREDITORS
Amounts falling due within one year 6 (132,146 ) (246,346 )
NET CURRENT ASSETS 1,631,037 1,744,482
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,708,396

1,844,131

CREDITORS
Amounts falling due after more than one
year

7

(87,670

)

(105,452

)

PROVISIONS FOR LIABILITIES (19,339 ) (18,933 )
NET ASSETS 1,601,387 1,719,746

CAPITAL AND RESERVES
Called up share capital 8 66 66
Share premium 33 33
Retained earnings 1,601,288 1,719,647
SHAREHOLDERS' FUNDS 1,601,387 1,719,746

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

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

PHILCOX CUDDINGTON MITCHELL ESTATE
AGENTS LIMITED (REGISTERED NUMBER: 07021013)

BALANCE SHEET - continued
31 JANUARY 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 April 2024 and were signed on its behalf by:




B C Mitchell - Director



S V Cuddington - Director


PHILCOX CUDDINGTON MITCHELL ESTATE
AGENTS LIMITED (REGISTERED NUMBER: 07021013)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

Philcox Cuddington Mitchell 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.

Significant judgements and estimates
No significant judgements have had to be made by management in preparing these financial statements.

There were no key assumptions made concerning the future, and other key sources of estimation uncertainty at the reporting date, that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

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.

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 accounts receivable and payable, loans from banks and other third parties, and loans to related parties.

Debt instruments that are payable or receivable within one year, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received; other debt instruments are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method.

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 only 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.

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.

PHILCOX CUDDINGTON MITCHELL ESTATE
AGENTS LIMITED (REGISTERED NUMBER: 07021013)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 17 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2023 9,415 37,459 125,617 56,837 229,328
Additions - 840 - 3,199 4,039
At 31 January 2024 9,415 38,299 125,617 60,036 233,367
DEPRECIATION
At 1 February 2023 8,023 34,331 31,404 55,921 129,679
Charge for year 348 992 23,553 1,436 26,329
At 31 January 2024 8,371 35,323 54,957 57,357 156,008
NET BOOK VALUE
At 31 January 2024 1,044 2,976 70,660 2,679 77,359
At 31 January 2023 1,392 3,128 94,213 916 99,649

PHILCOX CUDDINGTON MITCHELL ESTATE
AGENTS LIMITED (REGISTERED NUMBER: 07021013)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 102,883 35,023
Other debtors 23,300 27,532
126,183 62,555

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 17,782 17,782
Trade creditors 311 321
Taxation and social security 103,308 217,461
Other creditors 10,745 10,782
132,146 246,346

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 87,670 105,452

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
66 Ordinary £1 66 66