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REGISTERED NUMBER: 12137355 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

MOVE ESTATE AGENTS LIMITED

MOVE ESTATE AGENTS LIMITED (REGISTERED NUMBER: 12137355)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MOVE ESTATE AGENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: G H B Tatham-Losh
Ms A S J Collings





REGISTERED OFFICE: 1 Clarence Parade
Cheltenham
Gloucestershire
GL50 3NY





REGISTERED NUMBER: 12137355 (England and Wales)





ACCOUNTANTS: Randall & Payne LLP
Chartered Accountants
Chargrove House
Shurdington Road
Cheltenham
Gloucestershire
GL51 4GA

MOVE ESTATE AGENTS LIMITED (REGISTERED NUMBER: 12137355)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 48,236 -
Tangible assets 5 42,936 40,501
91,172 40,501

CURRENT ASSETS
Debtors 6 112,087 104,321
Cash at bank 546,719 410,922
658,806 515,243
CREDITORS
Amounts falling due within one year 7 365,254 276,871
NET CURRENT ASSETS 293,552 238,372
TOTAL ASSETS LESS CURRENT
LIABILITIES

384,724

278,873

PROVISIONS FOR LIABILITIES 4,255 6,522
NET ASSETS 380,469 272,351

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 380,369 272,251
380,469 272,351

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

MOVE ESTATE AGENTS LIMITED (REGISTERED NUMBER: 12137355)

BALANCE SHEET - continued
31 MAY 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 February 2025 and were signed on its behalf by:




G H B Tatham-Losh - Director



Ms A S J Collings - Director


MOVE ESTATE AGENTS LIMITED (REGISTERED NUMBER: 12137355)

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

1. STATUTORY INFORMATION

Move 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 the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of five 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.
Improvements to property - 25% on cost

Financial instruments
Financial Instruments are classified by the directors as basic or advanced following the conditions in FRS 102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest method.

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

MOVE ESTATE AGENTS LIMITED (REGISTERED NUMBER: 12137355)

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

2. ACCOUNTING POLICIES - continued

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.

Provisions
Provisions are recognised only where a present obligation exists as a result of a past transaction or event at or prior to the balance sheet date. In addition, a provision is only recognised where the amounts involved can be reliably estimated. Where material, provisions are calculated on a discounted basis.

Going concern
There are no material uncertainties that may cast significant doubt about the company's ability to continue as a going concern.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2023 - 27 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 52,480
At 31 May 2024 52,480
AMORTISATION
Charge for year 4,244
At 31 May 2024 4,244
NET BOOK VALUE
At 31 May 2024 48,236

MOVE ESTATE AGENTS LIMITED (REGISTERED NUMBER: 12137355)

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

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2023 32,271 40,733 - 6,183 79,187
Additions - 2,166 14,250 4,363 20,779
At 31 May 2024 32,271 42,899 14,250 10,546 99,966
DEPRECIATION
At 1 June 2023 13,653 22,175 - 2,858 38,686
Charge for year 6,096 9,271 942 2,035 18,344
At 31 May 2024 19,749 31,446 942 4,893 57,030
NET BOOK VALUE
At 31 May 2024 12,522 11,453 13,308 5,653 42,936
At 31 May 2023 18,618 18,558 - 3,325 40,501

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 67,390 50,576
Other debtors 33,225 42,338
Prepayments 11,472 11,407
112,087 104,321

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 29,404 39,995
Corporation Tax 120,727 51,671
Social security and other taxes 13,616 16,585
Wages payable - 108
Pensions payable 2,772 2,879
VAT 56,109 55,381
Other creditors 25,171 -
Directors' loan accounts 104,055 98,354
Accrued expenses 13,400 11,898
365,254 276,871

8. OTHER FINANCIAL COMMITMENTS

The lease commitment is in respect of commercial property rents is £86,100 annually.

MOVE ESTATE AGENTS LIMITED (REGISTERED NUMBER: 12137355)

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

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2024 and 31 May 2023:

2024 2023
£    £   
G H B Tatham-Losh
Balance outstanding at start of year (77,968 ) (63,926 )
Amounts advanced 412 229
Amounts repaid (5,812 ) (14,271 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (83,368 ) (77,968 )

Ms A S J Collings
Balance outstanding at start of year (20,386 ) (20,074 )
Amounts advanced 10 -
Amounts repaid (312 ) (312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (20,688 ) (20,386 )

No interest is being charged on the loan account and there are no set repayment terms.