Caseware UK (AP4) 2023.0.135 2023.0.135 false2023-07-01falseestate agents910truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09089166 2023-07-01 2024-06-30 09089166 2022-07-01 2023-06-30 09089166 2024-06-30 09089166 2023-06-30 09089166 c:Director1 2023-07-01 2024-06-30 09089166 c:Director2 2023-07-01 2024-06-30 09089166 d:MotorVehicles 2023-07-01 2024-06-30 09089166 d:MotorVehicles 2024-06-30 09089166 d:MotorVehicles 2023-06-30 09089166 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 09089166 d:OfficeEquipment 2023-07-01 2024-06-30 09089166 d:OfficeEquipment 2024-06-30 09089166 d:OfficeEquipment 2023-06-30 09089166 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 09089166 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 09089166 d:CurrentFinancialInstruments 2024-06-30 09089166 d:CurrentFinancialInstruments 2023-06-30 09089166 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 09089166 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 09089166 d:ShareCapital 2024-06-30 09089166 d:ShareCapital 2023-06-30 09089166 d:RetainedEarningsAccumulatedLosses 2024-06-30 09089166 d:RetainedEarningsAccumulatedLosses 2023-06-30 09089166 c:FRS102 2023-07-01 2024-06-30 09089166 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 09089166 c:FullAccounts 2023-07-01 2024-06-30 09089166 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 09089166 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure
Registered number: 09089166





 
Daniel Brewer Estate Agents Limited          
 
Financial statements          

For the year ended 30 June 2024          

 
Daniel Brewer Estate Agents Limited
Registered number:09089166

Balance sheet
As at 30 June 2024


2024

2023
                                                                                    Note
£
£
£
£

Fixed assets
  

Tangible assets
 4 
54,924
68,432

Current assets
  

Debtors
 5 
54,864
23,389

Cash at bank and in hand
 6 
145,394
233,561

  
200,258
256,950

Creditors: amounts falling due within one year
 7 
(185,696)
(136,124)

Net current assets
  
 
 
14,562
 
 
120,826

Total assets less current liabilities
  
69,486
189,258

Provisions for liabilities
  

Deferred tax
  
(12,049)
(15,056)

Net assets
  
57,437
174,202


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
57,337
174,102

  
57,437
174,202


The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board; and were signed on its behalf on 9 January 2025.



Andrew Brewer
Daniel Lodge
Director
Director


 
Page 1

 
Daniel Brewer Estate Agents Limited
Registered number:09089166
    
Balance sheet (continued)
As at 30 June 2024

The notes on pages 3 to 9 form part of these financial statements.
Page 2

 
Daniel Brewer Estate Agents Limited
 
 
Notes to the financial statements
For the year ended 30 June 2024

1.


General information

Daniel Brewer Estate Agents Limited is a private company limited by shares, incorporated in England and Wales. Its registered office is Construction House, Runwell Road, Wickford, Essex, SS11 7HQ.  Its principal place of business is 51 High Street, Dunmow, Essex, CM6 1AE.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
Daniel Brewer Estate Agents Limited
 
 
Notes to the financial statements
For the year ended 30 June 2024

2.Accounting policies (continued)


2.3
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided at the following rates:

Motor vehicles
-
25%
reducing balance
Office and computer equipment
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's Balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.


 

Page 4

 
Daniel Brewer Estate Agents Limited
 
 
Notes to the financial statements
For the year ended 30 June 2024

2.Accounting policies (continued)


2.6
Financial instruments (continued)

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.

Page 5

 
Daniel Brewer Estate Agents Limited
 
 
Notes to the financial statements
For the year ended 30 June 2024

2.Accounting policies (continued)

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting. 

 
2.10

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the company in independently administered funds.

 
2.11

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 6

 
Daniel Brewer Estate Agents Limited
 
 
Notes to the financial statements
For the year ended 30 June 2024

2.Accounting policies (continued)

 
2.12

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


3.


Employees

The average monthly number of employees, including directors, during the year was 9 (2023 - 10).

Page 7

 
Daniel Brewer Estate Agents Limited
 
 
Notes to the financial statements
For the year ended 30 June 2024

4.


Tangible fixed assets





Motor vehicles
Office and computer equipment
Total

£
£
£



Cost


At 1 July 2023
26,200
149,155
175,355


Additions
-
4,800
4,800



At 30 June 2024

26,200
153,955
180,155



Depreciation


At 1 July 2023
22,055
84,868
106,923


Charge for the year
1,036
17,272
18,308



At 30 June 2024

23,091
102,140
125,231



Net book value



At 30 June 2024
3,109
51,815
54,924



At 30 June 2023
4,145
64,287
68,432


5.


Debtors

2024
2023
£
£


Trade debtors
30,815
11,901

Other debtors
3,625
3,624

Prepayments and accrued income
20,424
7,864

54,864
23,389



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
145,394
233,561


Page 8

 
Daniel Brewer Estate Agents Limited
 
 
Notes to the financial statements
For the year ended 30 June 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
61
61

Corporation tax
51,496
49,886

Other taxation and social security
60,876
22,407

Other creditors
67,663
58,310

Accruals and deferred income
5,600
5,460

185,696
136,124



8.


Pension commitments

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from
those of the company in an independently administered fund. The pension charge represents contributions payable by the company to the fund and amounted to £6,156 
(2023 - £7,008)


9.


Related party transactions

At the balance sheet date, the company owed £65,953 (2023 - £53,528) to Daniel Brewer Lettings Limited. The company shares common directors with Daniel Brewer Estate Agents Limited. No interest was charged on these amounts.

 
Page 9