Bentleys Estate Agents Ltd 08447752 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is estate agency services. Digita Accounts Production Advanced 6.30.9574.0 true 08447752 2023-04-01 2024-03-31 08447752 2024-03-31 08447752 bus:Director1 2024-03-31 08447752 bus:Director2 2024-03-31 08447752 bus:Director4 2024-03-31 08447752 bus:OrdinaryShareClass1 2024-03-31 08447752 bus:OrdinaryShareClass2 2024-03-31 08447752 bus:OrdinaryShareClass3 2024-03-31 08447752 core:RetainedEarningsAccumulatedLosses 2024-03-31 08447752 core:ShareCapital 2024-03-31 08447752 core:CurrentFinancialInstruments 2024-03-31 08447752 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 08447752 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 08447752 core:FurnitureFittings 2024-03-31 08447752 core:OfficeEquipment 2024-03-31 08447752 bus:SmallEntities 2023-04-01 2024-03-31 08447752 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 08447752 bus:FullAccounts 2023-04-01 2024-03-31 08447752 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 08447752 bus:RegisteredOffice 2023-04-01 2024-03-31 08447752 bus:Director1 2023-04-01 2024-03-31 08447752 bus:Director2 2023-04-01 2024-03-31 08447752 bus:Director3 2023-04-01 2024-03-31 08447752 bus:Director4 2023-04-01 2024-03-31 08447752 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 08447752 bus:OrdinaryShareClass2 2023-04-01 2024-03-31 08447752 bus:OrdinaryShareClass3 2023-04-01 2024-03-31 08447752 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08447752 core:FurnitureFittings 2023-04-01 2024-03-31 08447752 core:OfficeEquipment 2023-04-01 2024-03-31 08447752 countries:EnglandWales 2023-04-01 2024-03-31 08447752 2023-03-31 08447752 core:FurnitureFittings 2023-03-31 08447752 core:OfficeEquipment 2023-03-31 08447752 2022-04-01 2023-03-31 08447752 2023-03-31 08447752 bus:OrdinaryShareClass1 2023-03-31 08447752 bus:OrdinaryShareClass2 2023-03-31 08447752 bus:OrdinaryShareClass3 2023-03-31 08447752 core:RetainedEarningsAccumulatedLosses 2023-03-31 08447752 core:ShareCapital 2023-03-31 08447752 core:CurrentFinancialInstruments 2023-03-31 08447752 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 08447752 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 08447752 core:FurnitureFittings 2023-03-31 08447752 core:OfficeEquipment 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 08447752

Bentleys Estate Agents Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Bentleys Estate Agents Ltd

Contents

Company Information

1

Directors' Report

2

Profit and Loss Account

3

Balance Sheet

4 to 5

Notes to the Unaudited Financial Statements

6 to 9

 

Bentleys Estate Agents Ltd

Company Information

Directors

Mr Aidan Bentley-Smith

Mr Sean Robert Moore

Registered office

7 - 9 Briggate
Shipley
BD17 7BP

Accountants

Smith Butler
Accountants & Business Advisors
Sapper Jordan Rossi Park
Otley Road
Baildon
West Yorkshire
BD17 7AX

 

Bentleys Estate Agents Ltd

Directors' Report for the Year Ended 31 March 2024

The directors present their report and the financial statements for the year ended 31 March 2024.

Directors of the company

The directors who held office during the year were as follows:

Mr Howard Bentley-Smith (ceased 26 October 2023)

Mrs Sue Bentley-Smith (ceased 26 October 2023)

Mr Aidan Bentley-Smith

Mr Sean Robert Moore (appointed 26 October 2023)

Principal activity

The principal activity of the company is that of estate agency services.

Small companies provision statement

This report has 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.

Approved and authorised by the Board on 15 October 2024 and signed on its behalf by:
 

.........................................
Mr Aidan Bentley-Smith
Director

.........................................
Mr Sean Robert Moore
Director

 

Bentleys Estate Agents Ltd

Profit and Loss Account for the Year Ended 31 March 2024

Note

2024
£

2023
£

Turnover

 

212,180

220,837

Cost of sales

 

(31,145)

(30,051)

Gross profit

 

181,035

190,786

Administrative expenses

 

(234,716)

(234,323)

Other operating income

 

11,497

-

Operating loss

 

(42,184)

(43,537)

Other interest receivable and similar income

 

2

-

Interest payable and similar expenses

 

(1,749)

(715)

   

(1,747)

(715)

Loss before tax

(43,931)

(44,252)

Loss for the financial year

 

(43,931)

(44,252)

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

Bentleys Estate Agents Ltd

(Registration number: 08447752)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

1,030

1,772

Current assets

 

Debtors

5

6,345

30,647

Cash at bank and in hand

 

750

1,288

 

7,095

31,935

Creditors: Amounts falling due within one year

6

(86,919)

(61,570)

Net current liabilities

 

(79,824)

(29,635)

Total assets less current liabilities

 

(78,794)

(27,863)

Creditors: Amounts falling due after more than one year

6

(9,333)

(16,333)

Net liabilities

 

(88,127)

(44,196)

Capital and reserves

 

Called up share capital

7

99

99

Retained earnings

(88,226)

(44,295)

Shareholders' deficit

 

(88,127)

(44,196)

 

Bentleys Estate Agents Ltd

(Registration number: 08447752)
Balance Sheet as at 31 March 2024

For the financial year ending 31 March 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. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 15 October 2024 and signed on its behalf by:
 

.........................................
Mr Aidan Bentley-Smith
Director

.........................................
Mr Sean Robert Moore
Director

 

Bentleys Estate Agents Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 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:
7 - 9 Briggate
Shipley
BD17 7BP
England

These financial statements were authorised for issue by the Board on 15 October 2024.

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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

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:

 

Bentleys Estate Agents Ltd

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

Asset class

Depreciation method and rate

Fixtures and fittings

Reducing balance 25%

Office equipment

Straight line 33%

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

Bentleys Estate Agents Ltd

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

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 3).

4

Tangible assets

Fixtures and fittings
£

Office equipment
£

Total
£

Cost or valuation

At 1 April 2023

2,379

4,421

6,800

Additions

-

320

320

At 31 March 2024

2,379

4,741

7,120

Depreciation

At 1 April 2023

2,031

2,997

5,028

Charge for the year

87

975

1,062

At 31 March 2024

2,118

3,972

6,090

Carrying amount

At 31 March 2024

261

769

1,030

At 31 March 2023

348

1,424

1,772

5

Debtors

Current

Note

2024
£

2023
£

Trade debtors

 

4,050

-

Amounts owed by related parties

1,595

30,647

Other debtors

 

700

-

   

6,345

30,647

 

Bentleys Estate Agents Ltd

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

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8,968

7,000

Trade creditors

 

19,855

11,462

Amounts owed to related parties

45,450

923

Taxation and social security

 

12,646

10,936

Accruals and deferred income

 

-

750

Other creditors

 

-

30,499

 

86,919

61,570

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

9,333

16,333

7

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary A share of £1 each

33

33

33

33

Ordinary B share of £1 each

33

33

33

33

Ordinary C share of £1 each

33

33

33

33

 

99

99

99

99