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Registration number: 01796889

Estate Agents Clearing House Limited

Unaudited Filleted Financial Statements

for the Period from 1 March 2023 to 1 March 2024

 

Estate Agents Clearing House Limited

Contents

Company Information

1

Directors' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 10

 

Estate Agents Clearing House Limited

Company Information

Directors

Mr Anthony G S Fowler

Charles Roderick Spencer Fowler

Registered office

3 Beaconsfield Terrace Road
West Kensington
London
W14 0PP

 

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:

Mr Anthony G S Fowler

Charles Roderick Spencer Fowler

Principal activity

The principal activity of the company is the provision of information services for estate agents.

Approved and authorised by the Board on 29 November 2024 and signed on its behalf by:
 

.........................................
Mr Anthony G S Fowler
Director

 

Estate Agents Clearing House Limited

(Registration number: 01796889)
Balance Sheet as at 1 March 2024

Note

01 March
2024
£

28 February
2023
£

Fixed assets

 

Other financial assets

5

-

16,568

Current assets

 

Debtors

6

74,838

99,866

Cash at bank and in hand

 

3,135

14,212

 

77,973

114,078

Creditors: Amounts falling due within one year

7

(52,222)

(71,422)

Net current assets

 

25,751

42,656

Net assets

 

25,751

59,224

Capital and reserves

 

Called up share capital

8

100

100

Revaluation reserve

-

8,034

Retained earnings

25,651

51,090

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:

The members have not required the company to obtain an audit of its accounts for the period 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 29 November 2024 and signed on its behalf by:
 

 

Estate Agents Clearing House Limited

(Registration number: 01796889)
Balance Sheet as at 1 March 2024

.........................................
Mr Anthony G S Fowler
Director

 

Estate Agents Clearing House Limited

Notes to the Unaudited Financial Statements for the Period from 1 March 2023 to 1 March 2024

1

General information

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

The address of its registered office is:
3 Beaconsfield Terrace Road
West Kensington
London
W14 0PP

These financial statements were authorised for issue by the Board on 29 November 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.

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 3 (2023 - 11).

 

Estate Agents Clearing House Limited

Notes to the Unaudited Financial Statements for the Period from 1 March 2023 to 1 March 2024

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 March 2023

27,678

36,000

9,658

73,336

At 1 March 2024

27,678

36,000

9,658

73,336

Depreciation

At 1 March 2023

27,678

36,000

9,658

73,336

At 1 March 2024

27,678

36,000

9,658

73,336

Carrying amount

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

5

Other financial assets (current and non-current)

Financial assets at cost less impairment
£

Total
£

Non-current financial assets

Cost or valuation

At 1 March 2023

16,569

16,569

Disposals

(16,569)

(16,569)

At 1 March 2024

-

-

Impairment

Carrying amount

At 1 March 2024

-

-

6

Debtors

Current

01 March
2024
£

28 February
2023
£

Trade debtors

15,781

40,909

Other debtors

59,057

58,957

 

74,838

99,866

7

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
2024
£

28 February
2023
£

Due within one year

 

Trade creditors

 

2,577

3,473

Amounts owed to group undertakings and undertakings in which the company has a participating interest

36,500

-

Taxation and social security

 

9,291

18,427

Accruals and deferred income

 

-

4,173

Other creditors

 

3,854

45,349

 

52,222

71,422

8

Share capital

Allotted, called up and fully paid shares

01 March
2024

28 February
2023

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

       

9

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
£

Surplus/deficit on revaluation of other assets

(8,034)

(8,034)

The changes to each component of equity resulting from items of other comprehensive income for the prior year were as follows:

Revaluation reserve
£

Total
£

Surplus/deficit on revaluation of other assets

(18,007)

(18,007)