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FRY ESTATE AGENTS LIMITED

Registered Number
11792590
(England and Wales)

Unaudited Financial Statements for the Year ended
31 January 2025

FRY ESTATE AGENTS LIMITED
Company Information
for the year from 1 February 2024 to 31 January 2025

Director

Michael Fry

Registered Address

24 Castle Lane
Bedford
MK40 3US

Registered Number

11792590 (England and Wales)
FRY ESTATE AGENTS LIMITED
Statement of Financial Position
31 January 2025

Notes

2025

2024

£

£

£

£

Fixed assets
Intangible assets3-400
Tangible assets445,296995
45,2961,395
Current assets
Debtors55,3065,154
Cash at bank and on hand95,07199,829
100,377104,983
Creditors amounts falling due within one year6(62,865)(67,713)
Net current assets (liabilities)37,51237,270
Total assets less current liabilities82,80838,665
Creditors amounts falling due after one year7(38,750)-
Net assets44,05838,665
Capital and reserves
Called up share capital100100
Profit and loss account43,95838,565
Shareholders' funds44,05838,665
The financial statements were approved and authorised for issue by the Director on 21 February 2025, and are signed on its behalf by:
Michael Fry
Director
Registered Company No. 11792590
FRY ESTATE AGENTS LIMITED
Notes to the Financial Statements
for the year ended 31 January 2025

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page. The company's ultimate parent company is Byron May Holdings Limited, incorporated in England.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Revenue from rendering of services
Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Intangible assets
Amortisation is provided on intangible assets so as to write off the cost, less any estimate residual value, over their useful life. Goodwill is being amortised over 5 years.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Plant and machinery-4
Vehicles15-
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2.Average number of employees

20252024
Average number of employees during the year55
3.Intangible assets

Other

Total

££
Cost or valuation
At 01 February 2412,00012,000
At 31 January 2512,00012,000
Amortisation and impairment
At 01 February 2411,60011,600
Charge for year400400
At 31 January 2512,00012,000
Net book value
At 31 January 25--
At 31 January 24400400
4.Tangible fixed assets

Plant & machinery

Vehicles

Total

£££
Cost or valuation
At 01 February 249,426-9,426
Additions-47,24047,240
Disposals(7,685)-(7,685)
At 31 January 251,74147,24048,981
Depreciation and impairment
At 01 February 248,431-8,431
Charge for year4352,5042,939
On disposals(7,685)-(7,685)
At 31 January 251,1812,5043,685
Net book value
At 31 January 2556044,73645,296
At 31 January 24995-995
5.Debtors: amounts due within one year

2025

2024

££
Trade debtors / trade receivables-3,402
Other debtors3,423-
Prepayments and accrued income1,8831,752
Total5,3065,154
6.Creditors: amounts due within one year

2025

2024

££
Trade creditors / trade payables-780
Bank borrowings and overdrafts1,117-
Amounts owed to related parties42,18840,000
Taxation and social security17,9437,387
Other creditors-17,877
Accrued liabilities and deferred income1,6171,669
Total62,86567,713
7.Creditors: amounts due after one year

2025

2024

££
Bank borrowings and overdrafts38,750-
Total38,750-
8.Related party transactions
Within creditors due within one year is an amount of £42,188 (2024 - £40,000) due to Byron May Holdings Limited, a subsidiary company. The loan is interest free with no fixed terms of repayment. Within creditors due within one year is an amount of £Nil (2024 - £17,877) due to the company director and close family. The loan is interest free with no fixed terms of repayment.