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REGISTERED NUMBER: 05341739 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

SANSOME & GEORGE (RESIDENTIAL SALES)
LIMITED

SANSOME & GEORGE (RESIDENTIAL SALES)
LIMITED (REGISTERED NUMBER: 05341739)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SANSOME & GEORGE (RESIDENTIAL SALES)
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: P G Bampton
S J Tait
C Hayes





SECRETARY: P G Bampton





REGISTERED OFFICE: 9 The Triangle
Tilehurst
Reading
Berkshire
RG30 4RN





REGISTERED NUMBER: 05341739 (England and Wales)

SANSOME & GEORGE (RESIDENTIAL SALES)
LIMITED (REGISTERED NUMBER: 05341739)

BALANCE SHEET
29 FEBRUARY 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 63,882 59,830
63,882 59,830

CURRENT ASSETS
Debtors 6 164,129 235,930
Cash at bank and in hand 53,280 7,979
217,409 243,909
CREDITORS
Amounts falling due within one year 7 143,779 89,317
NET CURRENT ASSETS 73,630 154,592
TOTAL ASSETS LESS CURRENT
LIABILITIES

137,512

214,422

CREDITORS
Amounts falling due after more than one
year

8

13,333

25,210
NET ASSETS 124,179 189,212

SANSOME & GEORGE (RESIDENTIAL SALES)
LIMITED (REGISTERED NUMBER: 05341739)

BALANCE SHEET - continued
29 FEBRUARY 2024

29.2.24 28.2.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 124,079 189,112
SHAREHOLDERS' FUNDS 124,179 189,212

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 February 2025 and were signed on its behalf by:




P G Bampton - Director



S J Tait - Director


SANSOME & GEORGE (RESIDENTIAL SALES)
LIMITED (REGISTERED NUMBER: 05341739)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

Sansome & George (Residential Sales) Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 05341739 and the registered office is Victoria House, 26 Queen Victoria Street, Reading, RG1 1TG.
The principal activity of the company in the year under review was that of estate agents.

The financial statements are presented in Pound Sterling (£), which is also the functional currency of the company.

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.

Significant judgements and estimates
In the application of the company's accounting policies, management is required to make judgements,
estimates and assumptions about the carrying value of assets and liabilities that are not readily apparent from other sources. The accounting estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The accounting estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of revision and future periods if the revision affects both current and future periods.

Turnover
Turnover represents net invoiced sales of services, excluding VAT, having regard to the fulfilment of contractual obligations.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, and an additional acquisition in 2011, has been fully amortised.

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.

SANSOME & GEORGE (RESIDENTIAL SALES)
LIMITED (REGISTERED NUMBER: 05341739)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Depreciation on tangible fixed assets is charged to profit or loss so as to write off their value, over their estimated useful lives, as below:

Plant and machinery etc - 25% on reducing balance basis
Computer equipment etc - 25% on reducing balance basis
Freehold property etc - 2% on a straight line basis

At each reporting date, the company reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication of impairment. Any impairment is charged to profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss
account, 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 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.

SANSOME & GEORGE (RESIDENTIAL SALES)
LIMITED (REGISTERED NUMBER: 05341739)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

2. ACCOUNTING POLICIES - continued

Financial assets and liabilities
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, and loans to related parties.

Short term debtors are measured at transaction price, less any impairment. Short term creditors are measured at transaction price

Going concern
The directors are not aware of any material uncertainties that may cast significant doubt over the ability of the company to continue trading. The preparation of the financial statements on the going concern basis is therefore deemed appropriate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023 100,726
Disposals (50,000 )
At 29 February 2024 50,726
AMORTISATION
At 1 March 2023 100,726
Eliminated on disposal (50,000 )
At 29 February 2024 50,726
NET BOOK VALUE
At 29 February 2024 -
At 28 February 2023 -

SANSOME & GEORGE (RESIDENTIAL SALES)
LIMITED (REGISTERED NUMBER: 05341739)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

5. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and Computer
property property machinery equipment Totals
£    £    £    £    £   
COST
At 1 March 2023 8,500 52,518 25,987 36,336 123,341
Additions - 8,752 - 1,286 10,038
At 29 February 2024 8,500 61,270 25,987 37,622 133,379
DEPRECIATION
At 1 March 2023 793 7,003 20,354 35,361 63,511
Charge for year 170 3,842 1,409 565 5,986
At 29 February 2024 963 10,845 21,763 35,926 69,497
NET BOOK VALUE
At 29 February 2024 7,537 50,425 4,224 1,696 63,882
At 28 February 2023 7,707 45,515 5,633 975 59,830

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 19,118 68,599
Amounts owed by group undertakings 11,388 16,742
Other debtors 133,623 150,589
164,129 235,930

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts - 4,039
Hire purchase contracts (see note 9) 1,876 5,402
Trade creditors 9,226 6,679
Taxation and social security 50,197 57,864
Other creditors 82,480 15,333
143,779 89,317

SANSOME & GEORGE (RESIDENTIAL SALES)
LIMITED (REGISTERED NUMBER: 05341739)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
29.2.24 28.2.23
£    £   
Hire purchase contracts (see note 9) - 1,876
Other creditors 13,333 23,334
13,333 25,210

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
29.2.24 28.2.23
£    £   
Net obligations repayable:
Within one year 1,876 5,402
Between one and five years - 1,876
1,876 7,278

Non-cancellable operating leases
29.2.24 28.2.23
£    £   
Within one year 48,417 61,479
Between one and five years 144,200 215,600
In more than five years 184,000 207,000
376,617 484,079

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 2024 year end, a director owed the company £85,097 (2023: £85,097). The amount is payable on demand and interest free.