Latham Estate And Lettings Agent Limited 09943381 false 2023-02-01 2024-01-31 2024-01-31 The principal activity of the company is estate and lettings agent. Digita Accounts Production Advanced 6.30.9574.0 true 09943381 2023-02-01 2024-01-31 09943381 2024-01-31 09943381 core:CurrentFinancialInstruments 2024-01-31 09943381 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 09943381 core:FurnitureFittingsToolsEquipment 2024-01-31 09943381 bus:SmallEntities 2023-02-01 2024-01-31 09943381 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 09943381 bus:FullAccounts 2023-02-01 2024-01-31 09943381 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 09943381 bus:RegisteredOffice 2023-02-01 2024-01-31 09943381 bus:Director1 2023-02-01 2024-01-31 09943381 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 09943381 core:FurnitureFittings 2023-02-01 2024-01-31 09943381 core:FurnitureFittingsToolsEquipment 2023-02-01 2024-01-31 09943381 core:OfficeEquipment 2023-02-01 2024-01-31 09943381 countries:EnglandWales 2023-02-01 2024-01-31 09943381 2023-01-31 09943381 core:FurnitureFittingsToolsEquipment 2023-01-31 09943381 2022-02-01 2023-01-31 09943381 2023-01-31 09943381 core:CurrentFinancialInstruments 2023-01-31 09943381 core:CurrentFinancialInstruments core:WithinOneYear 2023-01-31 09943381 core:FurnitureFittingsToolsEquipment 2023-01-31 iso4217:GBP xbrli:pure

Registration number: 09943381

Latham Estate And Lettings Agent Limited

Unaudited Financial Statements

for the Year Ended 31 January 2024

 

Latham Estate And Lettings Agent Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

Latham Estate And Lettings Agent Limited

(Registration number: 09943381)
Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

3,671

2,347

Current assets

 

Debtors

5

117,130

5,550

Cash at bank and in hand

 

257,203

328,064

 

374,333

333,614

Creditors: Amounts falling due within one year

6

(200,969)

(142,114)

Net current assets

 

173,364

191,500

Net assets

 

177,035

193,847

Capital and reserves

 

Called up share capital

5

5

Retained earnings

177,030

193,842

Shareholders' funds

 

177,035

193,847

For the financial year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account and Director's Report has been taken.

Approved and authorised by the Board on 23 October 2024 and signed on its behalf by:
 

.........................................
Mrs D Latham
Director

 

Latham Estate And Lettings Agent Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
16 The Square
Holmes Chapel
Crewe
Cheshire
CW4 7AB

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are prepared in Sterling, which is the functional currency of the company. All monetary amounts are rounded to the nearest £.

Government grants

Government grants are recognised using the accrual model. Grants which relate to revenue shall be recognised in other operating income on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate.

Any amounts outstanding at the year end will be included within other debtors.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Latham Estate And Lettings Agent Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

33% on cost

Fixture and fittings

25% on reducing balance

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2023 - 4).

 

Latham Estate And Lettings Agent Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 February 2023

13,704

13,704

Additions

3,241

3,241

Disposals

(3,653)

(3,653)

At 31 January 2024

13,292

13,292

Depreciation

At 1 February 2023

11,357

11,357

Charge for the year

1,275

1,275

Eliminated on disposal

(3,011)

(3,011)

At 31 January 2024

9,621

9,621

Carrying amount

At 31 January 2024

3,671

3,671

At 31 January 2023

2,347

2,347

5

Debtors

Current

2024
£

2023
£

Trade debtors

575

3,910

Other debtors

116,555

1,640

 

117,130

5,550

 

Latham Estate And Lettings Agent Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

4,520

4,540

Taxation and social security

7,768

8,458

Other creditors

188,681

129,116

200,969

142,114