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REGISTERED NUMBER: 08498371 (England and Wales)















Financial Statements for the Year Ended 30 April 2024

for

Philip Jarvis Estate Agent Limited

Philip Jarvis Estate Agent Limited (Registered number: 08498371)

Contents of the Financial Statements
for the year ended 30 April 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

Philip Jarvis Estate Agent Limited

Company Information
for the year ended 30 April 2024







DIRECTORS: Mr P L Jarvis
Mrs F Jarvis





REGISTERED OFFICE: 99 Canterbury Road
Whitstable
Kent
CT5 4HG





REGISTERED NUMBER: 08498371 (England and Wales)





ACCOUNTANTS: MPH Accountancy and Business Advisors Ltd
99 Canterbury Road
Whitstable
Kent
CT5 4HG

Philip Jarvis Estate Agent Limited (Registered number: 08498371)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 33,742 44,384

CURRENT ASSETS
Debtors 5 13,146 12,642
Cash at bank 151,131 144,978
164,277 157,620
CREDITORS
Amounts falling due within one year 6 50,466 51,493
NET CURRENT ASSETS 113,811 106,127
TOTAL ASSETS LESS CURRENT
LIABILITIES

147,553

150,511

CREDITORS
Amounts falling due after more than one
year

7

20,833

30,833
NET ASSETS 126,720 119,678

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 126,620 119,578
SHAREHOLDERS' FUNDS 126,720 119,678

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Philip Jarvis Estate Agent Limited (Registered number: 08498371)

Balance Sheet - continued
30 April 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 Board of Directors and authorised for issue on 20 November 2024 and were signed on its behalf by:




Mr P L Jarvis - Director



Mrs F Jarvis - Director


Philip Jarvis Estate Agent Limited (Registered number: 08498371)

Notes to the Financial Statements
for the year ended 30 April 2024


1. STATUTORY INFORMATION

Philip Jarvis Estate Agent 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.
Plant and machinery etc - 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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 12 (2023 - 12 ) .

Philip Jarvis Estate Agent Limited (Registered number: 08498371)

Notes to the Financial Statements - continued
for the year ended 30 April 2024


4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2023
and 30 April 2024 5,721 70,919 6,553 83,193
DEPRECIATION
At 1 May 2023 4,074 31,026 3,709 38,809
Charge for year 243 9,973 426 10,642
At 30 April 2024 4,317 40,999 4,135 49,451
NET BOOK VALUE
At 30 April 2024 1,404 29,920 2,418 33,742
At 30 April 2023 1,647 39,893 2,844 44,384

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,401 599
Other debtors 5,974 5,974
Directors' current accounts 5,771 6,069
13,146 12,642

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 23,240 15,703
Social security and other taxes 5,157 10,087
Pension Creditor 1,243 1,468
VAT 20,826 24,235
50,466 51,493

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 2-5 years 20,833 30,833

Philip Jarvis Estate Agent Limited (Registered number: 08498371)

Notes to the Financial Statements - continued
for the year ended 30 April 2024


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£   

At 1 May 2023 119,578
Profit for the year 67,968
Dividends (60,926 )
At 30 April 2024 126,620

Philip Jarvis Estate Agent Limited

Report of the Accountants to the Directors of
Philip Jarvis Estate Agent Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 April 2024 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






MPH Accountancy and Business Advisors Ltd
99 Canterbury Road
Whitstable
Kent
CT5 4HG


20 November 2024