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REGISTERED NUMBER: 05728337 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

LATIMER ESTATE AGENTS LIMITED

LATIMER ESTATE AGENTS LIMITED (REGISTERED NUMBER: 05728337)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LATIMER ESTATE AGENTS LIMITED

Company Information
for the Year Ended 31 May 2024







DIRECTOR: Ms C Lester





REGISTERED OFFICE: 52 Surbiton Road
Kingston upon Thames
Surrey
KT1 2HT





REGISTERED NUMBER: 05728337 (England and Wales)

LATIMER ESTATE AGENTS LIMITED (REGISTERED NUMBER: 05728337)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 3,287 4,181
3,287 4,181

CURRENT ASSETS
Debtors 6 14,008 10,745
Cash at bank 18,541 52,968
32,549 63,713
CREDITORS
Amounts falling due within one year 7 25,988 32,266
NET CURRENT ASSETS 6,561 31,447
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,848

35,628

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 9,847 35,627
SHAREHOLDERS' FUNDS 9,848 35,628

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

LATIMER ESTATE AGENTS LIMITED (REGISTERED NUMBER: 05728337)

Balance Sheet - continued
31 May 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 January 2025 and were signed by:





Ms C Lester - Director


LATIMER ESTATE AGENTS LIMITED (REGISTERED NUMBER: 05728337)

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


1. STATUTORY INFORMATION

Latimer Estate Agents 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
The turnover shown in the profit and loss account represents amounts receivable for management services provided and commissions received on the completion of the sale of properties during the period, in the normal course of business, net of VAT.

Goodwill
Goodwill, being the amount paid for the acquisition of a business in 2011, is being amortised over the estimated useful life of eight years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance, 15% on reducing balance and in accordance with the property

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 6 ) .

LATIMER ESTATE AGENTS LIMITED (REGISTERED NUMBER: 05728337)

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


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 55,000
AMORTISATION
At 1 June 2023
and 31 May 2024 55,000
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 -

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 June 2023
and 31 May 2024 21,028 16,084 11,587 16,381 65,080
DEPRECIATION
At 1 June 2023 21,027 13,696 10,088 16,088 60,899
Charge for year - 597 224 73 894
At 31 May 2024 21,027 14,293 10,312 16,161 61,793
NET BOOK VALUE
At 31 May 2024 1 1,791 1,275 220 3,287
At 31 May 2023 1 2,388 1,499 293 4,181

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 14,008 10,745

LATIMER ESTATE AGENTS LIMITED (REGISTERED NUMBER: 05728337)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 2,226 907
Taxation and social security 12,442 18,589
Other creditors 11,320 12,770
25,988 32,266