Registration number:
Estate Agents Clearing House Limited
for the Period from 1 March 2023 to 1 March 2024
Estate Agents Clearing House Limited
Contents
Company Information |
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Directors' Report |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Estate Agents Clearing House Limited
Company Information
Directors |
Mr Anthony G S Fowler Charles Roderick Spencer Fowler |
Registered office |
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Estate Agents Clearing House Limited
Directors' Report for the Period from 1 March 2023 to 1 March 2024
The directors present their report and the financial statements for the period from 1 March 2023 to 1 March 2024.
Directors of the company
The directors who held office during the period were as follows:
Principal activity
The principal activity of the company is the provision of information services for estate agents.
Approved and authorised by the
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Estate Agents Clearing House Limited
(Registration number: 01796889)
Balance Sheet as at 1 March 2024
Note |
01 March |
28 February |
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Fixed assets |
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Other financial assets |
- |
16,568 |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Net assets |
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Capital and reserves |
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Called up share capital |
100 |
100 |
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Revaluation reserve |
- |
8,034 |
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Retained earnings |
25,651 |
51,090 |
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Shareholders' funds |
25,751 |
59,224 |
For the financial period ending 1 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
• |
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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
Estate Agents Clearing House Limited
(Registration number: 01796889)
Balance Sheet as at 1 March 2024
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Estate Agents Clearing House Limited
Notes to the Unaudited Financial Statements for the Period from 1 March 2023 to 1 March 2024
General information |
The company is a private company limited by share capital, incorporated in England.
The address of its registered office is:
These financial statements were authorised for issue by the
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.
Going concern
The financial statements have been prepared on a going concern basis.
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.
Tax
The tax expense for the period comprises 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.
Estate Agents Clearing House Limited
Notes to the Unaudited Financial Statements for the Period from 1 March 2023 to 1 March 2024
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
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 |
Leasehold |
5% on cost |
Office Equipement |
10% on cost |
Motor Vehicles |
20% on cost |
Fixtures and Fittings |
20% on cost |
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.
Estate Agents Clearing House Limited
Notes to the Unaudited Financial Statements for the Period from 1 March 2023 to 1 March 2024
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
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.
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.
Staff numbers |
The average number of persons employed by the company (including directors) during the period, was
Estate Agents Clearing House Limited
Notes to the Unaudited Financial Statements for the Period from 1 March 2023 to 1 March 2024
Tangible assets |
Land and buildings |
Furniture, fittings and equipment |
Motor vehicles |
Total |
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Cost or valuation |
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At 1 March 2023 |
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At 1 March 2024 |
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Depreciation |
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At 1 March 2023 |
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At 1 March 2024 |
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Carrying amount |
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At 1 March 2024 |
- |
- |
- |
- |
Included within the net book value of land and buildings above is £Nil (2023 - £Nil) in respect of long leasehold land and buildings.
Estate Agents Clearing House Limited
Notes to the Unaudited Financial Statements for the Period from 1 March 2023 to 1 March 2024
Other financial assets (current and non-current) |
Financial assets at cost less impairment |
Total |
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Non-current financial assets |
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Cost or valuation |
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At 1 March 2023 |
16,569 |
16,569 |
Disposals |
(16,569) |
(16,569) |
At 1 March 2024 |
- |
- |
Impairment |
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Carrying amount |
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At 1 March 2024 |
- |
- |
Debtors |
Current |
01 March |
28 February |
Trade debtors |
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Other debtors |
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Creditors |
Creditors: amounts falling due within one year
Estate Agents Clearing House Limited
Notes to the Unaudited Financial Statements for the Period from 1 March 2023 to 1 March 2024
Note |
01 March |
28 February |
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Due within one year |
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Trade creditors |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
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- |
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Taxation and social security |
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Accruals and deferred income |
- |
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Other creditors |
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Share capital |
Allotted, called up and fully paid shares
01 March |
28 February |
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No. |
£ |
No. |
£ |
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100 |
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100 |
Reserves |
The changes to each component of equity resulting from items of other comprehensive income for the current period were as follows:
Revaluation reserve |
Total |
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Surplus/deficit on revaluation of other assets |
( |
( |
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The changes to each component of equity resulting from items of other comprehensive income for the prior year were as follows:
Revaluation reserve |
Total |
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Surplus/deficit on revaluation of other assets |
( |
( |
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