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REGISTERED NUMBER: 07533420 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

ELLISONS ESTATE AGENTS LIMITED

ELLISONS ESTATE AGENTS LIMITED (REGISTERED NUMBER: 07533420)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ELLISONS ESTATE AGENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: S Purtill





REGISTERED OFFICE: 4th Floor Tuition House
27-37 St George's Road
Wimbledon
London
SW19 4EU





BUSINESS ADDRESS: 13 Queens Road
Wimbledon
London
SW19 8PF





REGISTERED NUMBER: 07533420 (England and Wales)





ACCOUNTANTS: Hartley Fowler LLP
Chartered Accountants
4th Floor Tuition House
27-37 St George's Road
Wimbledon
London
SW19 4EU

ELLISONS ESTATE AGENTS LIMITED (REGISTERED NUMBER: 07533420)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 435,553 497,776
Tangible assets 5 90,902 102,334
526,455 600,110

CURRENT ASSETS
Debtors 6 2,459,383 2,458,507
Cash at bank and in hand 350,430 581,981
2,809,813 3,040,488
CREDITORS
Amounts falling due within one year 7 2,125,948 1,987,189
NET CURRENT ASSETS 683,865 1,053,299
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,210,320

1,653,409

CREDITORS
Amounts falling due after more than one
year

8

117,677

187,076
NET ASSETS 1,092,643 1,466,333

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,092,543 1,466,233
SHAREHOLDERS' FUNDS 1,092,643 1,466,333

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

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

The director acknowledges his 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.

ELLISONS ESTATE AGENTS LIMITED (REGISTERED NUMBER: 07533420)

BALANCE SHEET - continued
31 MARCH 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 3 February 2025 and were signed by:





S Purtill - Director


ELLISONS ESTATE AGENTS LIMITED (REGISTERED NUMBER: 07533420)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Ellisons 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of twenty 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost

Land and buildings - over 21 & 7 year lease term

Financial instruments
Debtors and creditors with no stated interest rate and receivables or payables within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit or loss account in other
administrative expenses.

Bank loans are initially recognised at transaction price, which includes any transaction costs. They are subsequently measured at amortised cost using the effective interest method.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

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.


ELLISONS ESTATE AGENTS LIMITED (REGISTERED NUMBER: 07533420)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 36 (2023 - 36 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 1,400,000
AMORTISATION
At 1 April 2023 902,224
Charge for year 62,223
At 31 March 2024 964,447
NET BOOK VALUE
At 31 March 2024 435,553
At 31 March 2023 497,776

ELLISONS ESTATE AGENTS LIMITED (REGISTERED NUMBER: 07533420)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 110,404 249,826 360,230
Additions - 9,699 9,699
At 31 March 2024 110,404 259,525 369,929
DEPRECIATION
At 1 April 2023 30,156 227,740 257,896
Charge for year 10,461 10,670 21,131
At 31 March 2024 40,617 238,410 279,027
NET BOOK VALUE
At 31 March 2024 69,787 21,115 90,902
At 31 March 2023 80,248 22,086 102,334

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 59,296
DEPRECIATION
At 1 April 2023 40,724
Charge for year 6,191
At 31 March 2024 46,915
NET BOOK VALUE
At 31 March 2024 12,381
At 31 March 2023 18,572

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 199,313 167,172
Other debtors 2,260,070 2,291,335
2,459,383 2,458,507

ELLISONS ESTATE AGENTS LIMITED (REGISTERED NUMBER: 07533420)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 71,197 71,197
Hire purchase contracts (see note 9) 3,323 3,323
Trade creditors 71,827 66,155
Taxation and social security 275,736 243,453
Other creditors 1,703,865 1,603,061
2,125,948 1,987,189

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 103,807 169,882
Hire purchase contracts (see note 9) 13,870 17,194
117,677 187,076

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 3,323 3,323
Between one and five years 13,870 17,194
17,193 20,517

Non-cancellable operating leases
2024 2023
£    £   
Within one year 174,823 181,636
Between one and five years 627,000 666,990
In more than five years 539,458 675,458
1,341,281 1,524,084

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

As at the balance sheet date the company was owed £595,684 (2023 - £776,534) by S A Purtill in respect of his director's loan account. The amount is unsecured, has no fixed repayment terms and bears interest at the HM Revenue & Customs official rate.