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REGISTERED NUMBER: 05326431 (England and Wales)


















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

COMPLETE ESTATE AGENTS (RUGBY) LIMITED

COMPLETE ESTATE AGENTS (RUGBY) LIMITED (REGISTERED NUMBER: 05326431)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


COMPLETE ESTATE AGENTS (RUGBY) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr B A Williams
Mrs J L B Yemm
Mr H M Yemm





REGISTERED OFFICE: Fulford House
Newbold Terrace
Leamington Spa
Warwickshire
CV32 4EA





REGISTERED NUMBER: 05326431 (England and Wales)





ACCOUNTANTS: TGFP
Chartered Accountants
Fulford House
Newbold Terrace
Leamington Spa
Warwickshire
CV32 4EA

COMPLETE ESTATE AGENTS (RUGBY) LIMITED (REGISTERED NUMBER: 05326431)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 193 723

CURRENT ASSETS
Debtors 5 292,761 301,025
Cash at bank and in hand 20,262 10,023
313,023 311,048
CREDITORS
Amounts falling due within one year 6 189,788 163,637
NET CURRENT ASSETS 123,235 147,411
TOTAL ASSETS LESS CURRENT
LIABILITIES

123,428

148,134

CREDITORS
Amounts falling due after more than one
year

7

11,334

20,446
NET ASSETS 112,094 127,688

CAPITAL AND RESERVES
Called up and paid share capital 100 100
Retained earnings 111,994 127,588
112,094 127,688

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

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

COMPLETE ESTATE AGENTS (RUGBY) LIMITED (REGISTERED NUMBER: 05326431)

BALANCE SHEET - continued
31 MARCH 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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 October 2024 and were signed on its behalf by:





Mr H M Yemm - Director


COMPLETE ESTATE AGENTS (RUGBY) LIMITED (REGISTERED NUMBER: 05326431)

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


1. STATUTORY INFORMATION

Complete Estate Agents (Rugby) 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.

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


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.
Fixtures and fittings - 33% on cost

Financial instruments
Basic financial assets, which include debtors and cash and bank balances, are initially measured at
transaction price including transaction costs and are subsequently carried at amortised cost using the
effective interest method unless the arrangement constitutes a financing transaction, where the
transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Financial assets classified as receivable within one year are not amortised.

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 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.

COMPLETE ESTATE AGENTS (RUGBY) LIMITED (REGISTERED NUMBER: 05326431)

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


2. ACCOUNTING POLICIES - continued

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 2 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Long and
leasehold fittings Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 45,253 70,040 115,293
DEPRECIATION
At 1 April 2023 45,253 69,317 114,570
Charge for year - 530 530
At 31 March 2024 45,253 69,847 115,100
NET BOOK VALUE
At 31 March 2024 - 193 193
At 31 March 2023 - 723 723

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 28,283
Amounts owed by participating interests 77,987 76,121
Other debtors 91,270 41,396
Rugby Lettings Centre - 13
Directors' current accounts 82,854 116,748
Tax 38,200 38,200
Prepayments and accrued income 2,450 264
292,761 301,025

COMPLETE ESTATE AGENTS (RUGBY) LIMITED (REGISTERED NUMBER: 05326431)

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


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 36,770
Trade creditors 7,197 2,111
Amounts owed to participating interests 5,000 5,000
Tax 74,663 42,811
Social security and other taxes 29,362 28,540
Pensions 377 358
VAT 34,783 27,487
Other creditors 26,682 14,195
Accruals and deferred income 1,724 6,365
189,788 163,637

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 1,334 10,446
11,334 20,446

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the directors operated loans with the company. Amounts advanced during the year were £82,854 (2023: £116,748). Amounts repaid in the year were £116,748 (2023: £58,470). The amount owed to the company at 31 March 2024 was £82,854 (2023: £116,748).

9. RELATED PARTY DISCLOSURES

During the year the company operated a loan with an LLP controlled by the directors. At the year end the balance outstanding was £73,574 owed to the company (2023: £52,636).