IRIS Accounts Production v24.3.2.46 08649038 Board of Directors Board of Directors Board of Directors 1.9.23 31.8.24 31.8.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh086490382023-08-31086490382024-08-31086490382023-09-012024-08-31086490382022-08-31086490382022-09-012023-08-31086490382023-08-3108649038ns15:EnglandWales2023-09-012024-08-3108649038ns14:PoundSterling2023-09-012024-08-3108649038ns10:Director12023-09-012024-08-3108649038ns10:Director22023-09-012024-08-3108649038ns10:Director32023-09-012024-08-3108649038ns10:PrivateLimitedCompanyLtd2023-09-012024-08-3108649038ns10:SmallEntities2023-09-012024-08-3108649038ns10:AuditExempt-NoAccountantsReport2023-09-012024-08-3108649038ns10:SmallCompaniesRegimeForDirectorsReport2023-09-012024-08-3108649038ns10:SmallCompaniesRegimeForAccounts2023-09-012024-08-3108649038ns10:FullAccounts2023-09-012024-08-3108649038ns10:RegisteredOffice2023-09-012024-08-3108649038ns5:CurrentFinancialInstruments2024-08-3108649038ns5:CurrentFinancialInstruments2023-08-3108649038ns5:Non-currentFinancialInstruments2024-08-3108649038ns5:Non-currentFinancialInstruments2023-08-3108649038ns5:ShareCapital2024-08-3108649038ns5:ShareCapital2023-08-3108649038ns5:RetainedEarningsAccumulatedLosses2024-08-3108649038ns5:RetainedEarningsAccumulatedLosses2023-08-3108649038ns5:PlantMachinery2023-08-3108649038ns5:PlantMachinery2023-09-012024-08-3108649038ns5:PlantMachinery2024-08-3108649038ns5:PlantMachinery2023-08-3108649038ns5:WithinOneYearns5:CurrentFinancialInstruments2024-08-3108649038ns5:WithinOneYearns5:CurrentFinancialInstruments2023-08-31
REGISTERED NUMBER: 08649038 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 August 2024

for

The Personal Agent Lettings & Management
Limited

The Personal Agent Lettings & Management
Limited (Registered number: 08649038)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Personal Agent Lettings & Management
Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: R J Briggs
C M Burn
R K Digance





REGISTERED OFFICE: Boston House
Henley On Thames
RG9 1DY





REGISTERED NUMBER: 08649038 (England and Wales)





ACCOUNTANTS: Villars Hayward LLP
Chartered Accountants,
Chartered Tax Advisers and Registered Auditors
Boston House
Henley-on-Thames
RG9 1DY

The Personal Agent Lettings & Management
Limited (Registered number: 08649038)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 74,574 99,738

CURRENT ASSETS
Debtors 5 249,147 96,732
Cash at bank and in hand 93,366 238,012
342,513 334,744
CREDITORS
Amounts falling due within one year 6 89,079 64,828
NET CURRENT ASSETS 253,434 269,916
TOTAL ASSETS LESS CURRENT LIABILITIES 328,008 369,654

CREDITORS
Amounts falling due after more than one year 7 (68,097 ) (76,187 )

PROVISIONS FOR LIABILITIES (18,643 ) (24,934 )
NET ASSETS 241,268 268,533

CAPITAL AND RESERVES
Called up share capital 1,050 1,050
Retained earnings 240,218 267,483
241,268 268,533

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

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

The Personal Agent Lettings & Management
Limited (Registered number: 08649038)

Balance Sheet - continued
31 August 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 28 November 2024 and were signed on its behalf by:




R J Briggs - Director C M Burn - Director




R K Digance - Director


The Personal Agent Lettings & Management
Limited (Registered number: 08649038)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

The Personal Agent Lettings & Management 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.

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.

Tangible fixed assets held for the companies own use are stated at cost less accumulated depreciation and accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives as below:

Plant and machinery - 25% Straight line

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss, if any.

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.

The Personal Agent Lettings & Management
Limited (Registered number: 08649038)

Notes to the Financial Statements - continued
for the Year Ended 31 August 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.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership of the leased asset to the company. All other leases are classified as operating leases.

Assets held under finance leases are recognised initially at the fair value of the leased asset at the inception of the lease. The corresponding liability to the lessor is recognised within finance lease obligations. Lease payments are apportioned between finance charges and reduction of the lease obligation using the effective interest method so as to achieve a constant rate of interest on the remaining balance of the liability. Finance charges are charged to profit or loss.

Assets held under finance leases and hire purchase contracts are included in tangible assets and depreciated and assessed for impairment losses in accordance with the stated policy for tangible assets.

Leases that do not transfer all the risks and regards of ownership are classified as operating leases. Payments under operating leases are charged to the profit and loss account 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.

The company contributes towards a pension schemes for its staff and director. Contributions payable to pension schemes 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 8 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023
and 31 August 2024 114,305
DEPRECIATION
At 1 September 2023 14,567
Charge for year 25,164
At 31 August 2024 39,731
NET BOOK VALUE
At 31 August 2024 74,574
At 31 August 2023 99,738

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Other debtors 249,147 96,732

The Personal Agent Lettings & Management
Limited (Registered number: 08649038)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Hire purchase contracts 23,335 19,415
Trade creditors 4,555 3,799
Taxation and social security 57,514 38,114
Other creditors 3,675 3,500
89,079 64,828

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.24 31.8.23
£    £   
Hire purchase contracts 68,097 76,187