09601710falseEstate Agents2023-06-012024-05-31http://www.companieshouse.gov.uk/2023-05-31http://www.companieshouse.gov.uk/pt:PlantMachinery2023-05-31http://www.companieshouse.gov.uk/pt:ShareCapital2023-05-31http://www.companieshouse.gov.uk/cd:Director12023-06-012024-05-31http://www.companieshouse.gov.uk/pt:PlantMachinery2024-05-31http://www.companieshouse.gov.uk/pt:ShareCapital2024-05-31http://www.companieshouse.gov.uk/pt:FurnitureFittings2023-05-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2023-05-31http://www.companieshouse.gov.uk/pt:FurnitureFittings2024-05-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12023-06-012024-05-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2024-05-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2023-06-012024-05-31http://www.companieshouse.gov.uk/pt:NetGoodwill2023-05-31http://www.companieshouse.gov.uk/pt:NetGoodwill2024-05-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2023-06-012024-05-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-05-31http://www.companieshouse.gov.uk/pt:NetGoodwill2023-06-012024-05-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-05-31http://www.companieshouse.gov.uk/2023-06-012024-05-31http://www.companieshouse.gov.uk/2023-05-31http://www.companieshouse.gov.uk/cd:FRS1022023-06-012024-05-31http://www.companieshouse.gov.uk/2024-05-31http://www.companieshouse.gov.uk/cd:FullAccounts2023-06-012024-05-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2023-06-012024-05-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 09601710

Foulstone Estate Agents Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/05/2024

Prepared By:
Greenhalgh Johnson Ltd
Accountants & Tax Advisers
Elland House
22 High Street
Burgh le Marsh
Lincolnshire
PE24 5JT

Foulstone Estate Agents Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/05/2024
DIRECTORS
Emaly Kathleen Newton
REGISTERED OFFICE
Strawberry View
Wainfleet Road
Burgh Le Marsh
Skegness
PE24 5AH
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 09601710
BANKERS
HSBC
ACCOUNTANTS
Greenhalgh Johnson Ltd
Accountants & Tax Advisers
Elland House
22 High Street
Burgh le Marsh
Lincolnshire
PE24 5JT

Foulstone Estate Agents Ltd

ACCOUNTS
FOR THEYEARENDED31/05/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Foulstone Estate Agents Ltd

BALANCE SHEET AT 31/05/2024
20242023
Notes££
FIXED ASSETS
Intangible assets32,0404,080
Tangible assets4613805
2,6534,885
CURRENT ASSETS
Debtors54,1311,950
Cash at bank and in hand8,71635,627
12,84737,577
CREDITORS: Amounts falling due within one year64,4016,902
NET CURRENT ASSETS8,44630,675
TOTAL ASSETS LESS CURRENT LIABILITIES11,09935,560
CREDITORS: Amounts falling due after more than one year714,11139,072
NET LIABILITIES(3,012)(3,512)
CAPITAL AND RESERVES
Called up share capital8100100
Profit and loss account(3,112)(3,612)
SHAREHOLDERS' FUNDS(3,012)(3,512)
For the year ending 31/05/2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 04/12/2024 and signed on their behalf by
.............................
Emaly Kathleen Newton
Director

Foulstone Estate Agents Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/05/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Going Concern
These financial statements have been prepared on the going concern basis. This may not be appropriate as the deficit on assets was £3,012 for the year ended 31st May 2024 (£3,512 2023). However the Director will continue to support the Company.
1c. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 33%
Fixtures and Fittingsreducing balance 15 & 33%
Equipmentreducing balance 25%
1d. Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is capitalised and amortised over its estimated economic life of 10 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.
1e. Government Grants
Government grants are recognised based on the accrual model and are mesured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

Foulstone Estate Agents Ltd

2. EMPLOYEES
20242023
No.No.
Average number of employees11
3. INTANGIBLE FIXED ASSETS
Purchased
GoodwillTotal
££
Cost
At 01/06/202320,40020,400
At 31/05/202420,40020,400
Depreciation
At 01/06/202316,32016,320
For the year2,0402,040
At 31/05/202418,36018,360
Net Book Amounts
At 31/05/20242,0402,040
At 31/05/20234,0804,080
4. TANGIBLE FIXED ASSETS
Plant andFixtures
Machineryand FittingsEquipmentTotal
££££
Cost
At 01/06/20231,7251,1012,5605,386
At 31/05/20241,7251,1012,5605,386
Depreciation
At 01/06/20231,6448552,0824,581
For the year2844120192
At 31/05/20241,6728992,2024,773
Net Book Amounts
At 31/05/202453202358613
At 31/05/202381246478805

Foulstone Estate Agents Ltd

5. DEBTORS 20242023
££
Amounts falling due within one year
Directors current account4,1311,950
4,1311,950
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax5043
PAYE control415113
Bank Loan2,6325,588
Trade creditors122-
Accruals1,1821,158
4,4016,902
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Loans >1yr14,11139,072
14,11139,072
8. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100