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REGISTERED NUMBER: 04360969 (England and Wales)








FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

FROST & CO ESTATE AGENTS LTD

FROST & CO ESTATE AGENTS LTD (REGISTERED NUMBER: 04360969

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FROST & CO ESTATE AGENTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTOR: P A Johnson





SECRETARY: P A Johnson





REGISTERED OFFICE: 20 Poole Hill
Bournemouth
Dorset
BH2 5PS





REGISTERED NUMBER: 04360969 (England and Wales)





ACCOUNTANTS: Carter & Coley
Chartered Accountants
3 Durrant Road
Bournemouth
Dorset
BH2 6NE

FROST & CO ESTATE AGENTS LTD (REGISTERED NUMBER: 04360969

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,526 3,630
2,526 3,630

CURRENT ASSETS
Debtors 6 193,243 198,483
Cash at bank and in hand 52,630 17,152
245,873 215,635
CREDITORS
Amounts falling due within one year 7 62,412 76,556
NET CURRENT ASSETS 183,461 139,079
TOTAL ASSETS LESS CURRENT
LIABILITIES

185,987

142,709

CREDITORS
Amounts falling due after more than one
year

8

(13,228

)

(22,895

)

PROVISIONS FOR LIABILITIES (632 ) -
NET ASSETS 172,127 119,814

FROST & CO ESTATE AGENTS LTD (REGISTERED NUMBER: 04360969

BALANCE SHEET - continued
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 171,127 118,814
SHAREHOLDERS' FUNDS 172,127 119,814

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 11 November 2024 and were signed by:





P A Johnson - Director


FROST & CO ESTATE AGENTS LTD (REGISTERED NUMBER: 04360969

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024


1. STATUTORY INFORMATION

Frost & Co Estate Agents Ltd 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 represents commissions receivable during the year, exclusive of Value Added Tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of ten years.

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.

Website is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 10% on cost
Fixtures and fittings - 25% on reducing balance
Computer equipment - Straight line over 3 years

Fixed asset are initially included at cost.

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.


FROST & CO ESTATE AGENTS LTD (REGISTERED NUMBER: 04360969

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 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.

Fixed asset investments
Fixed asset investments are recognised at cost less provisions for impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill Website Totals
£    £    £   
COST
At 1 March 2023
and 29 February 2024 90,000 1,000 91,000
AMORTISATION
At 1 March 2023
and 29 February 2024 90,000 1,000 91,000
NET BOOK VALUE
At 29 February 2024 - - -
At 28 February 2023 - - -

FROST & CO ESTATE AGENTS LTD (REGISTERED NUMBER: 04360969

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


5. TANGIBLE FIXED ASSETS
Fixtures
Short and Computer
leasehold fittings equipment Totals
£    £    £    £   
COST
At 1 March 2023 14,719 63,890 1,967 80,576
Additions - - 442 442
At 29 February 2024 14,719 63,890 2,409 81,018
DEPRECIATION
At 1 March 2023 14,719 60,916 1,311 76,946
Charge for year - 743 803 1,546
At 29 February 2024 14,719 61,659 2,114 78,492
NET BOOK VALUE
At 29 February 2024 - 2,231 295 2,526
At 28 February 2023 - 2,974 656 3,630

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 10,548 -
Other debtors 182,695 198,483
193,243 198,483

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 9,667 9,424
Taxation and social security 29,613 9,649
Other creditors 23,132 57,483
62,412 76,556

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 13,228 22,895

FROST & CO ESTATE AGENTS LTD (REGISTERED NUMBER: 04360969

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


9. RELATED PARTY DISCLOSURES

TRANSACTIONS WITH COMPANIES UNDER COMMON OWNERSHIP

Non interest bearing loans on which no terms of repayment have been agreed. The amount due from companies under common control at the balance sheet date amounted to £177,620 (2023 - £193,507). The amount due to companies under common ownership amounted to £15,924 (2023 - £15,924).

TRANSACTIONS WITH THE DIRECTORS

Non interest bearing loans on which no terms of repayment have been agreed. The amount due to the directors at the balance sheet date amounted to £NIL (2023 - £36,710).