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REGISTERED NUMBER: 07626089 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

JAMES KENDALL ESTATE AGENTS LIMITED

JAMES KENDALL ESTATE AGENTS LIMITED (REGISTERED NUMBER: 07626089)

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


JAMES KENDALL ESTATE AGENTS LIMITED

COMPANY INFORMATION
For The Year Ended 31 May 2024







DIRECTOR: J S Kendall





SECRETARY: Mrs C Y Spivey





REGISTERED OFFICE: Unit 1a Garricks Court
Gold Furlong
Marston Moretaine
MK43 0XR





REGISTERED NUMBER: 07626089 (England and Wales)





ACCOUNTANTS: BAND Advisory Group Limited
111 Charterhouse Street
London
EC1M 6AW

JAMES KENDALL ESTATE AGENTS LIMITED (REGISTERED NUMBER: 07626089)

BALANCE SHEET
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 26,646 36,459

CURRENT ASSETS
Debtors 5 60,110 79,985
Cash at bank 73,018 146,950
133,128 226,935
CREDITORS
Amounts falling due within one year 6 74,649 85,090
NET CURRENT ASSETS 58,479 141,845
TOTAL ASSETS LESS CURRENT
LIABILITIES

85,125

178,304

CREDITORS
Amounts falling due after more than one
year

7

11,688

21,820
NET ASSETS 73,437 156,484

CAPITAL AND RESERVES
Called up share capital 150 150
Retained earnings 73,287 156,334
SHAREHOLDERS' FUNDS 73,437 156,484

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 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.

JAMES KENDALL ESTATE AGENTS LIMITED (REGISTERED NUMBER: 07626089)

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 February 2025 and were signed by:





J S Kendall - Director


JAMES KENDALL ESTATE AGENTS LIMITED (REGISTERED NUMBER: 07626089)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 May 2024


1. STATUTORY INFORMATION

James Kendall 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

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.

JAMES KENDALL ESTATE AGENTS LIMITED (REGISTERED NUMBER: 07626089)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 May 2024


2. ACCOUNTING POLICIES - continued

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 7 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 June 2023 33,959 58,223 92,182
Additions - 4,017 4,017
At 31 May 2024 33,959 62,240 96,199
DEPRECIATION
At 1 June 2023 15,333 40,390 55,723
Charge for year 7,610 6,220 13,830
At 31 May 2024 22,943 46,610 69,553
NET BOOK VALUE
At 31 May 2024 11,016 15,630 26,646
At 31 May 2023 18,626 17,833 36,459

JAMES KENDALL ESTATE AGENTS LIMITED (REGISTERED NUMBER: 07626089)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 May 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 47,649 71,550
Other debtors 10,941 6,915
Prepayments 1,520 1,520
60,110 79,985

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 8) 20,208 12,990
Tax 20,032 30,720
Social security and other taxes - 1,803
VAT 21,134 31,107
Other creditors 2,693 2,543
Pension 501 365
Net wages 25 25
Directors' current accounts 7,106 995
Accruals and deferred income 2,950 4,542
74,649 85,090

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans (see note 8) 11,688 21,820

8. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 10,229 3,011
Bank loans 9,979 9,979
20,208 12,990

Amounts falling due between one and two years:
Bank loans - 1-2 years 10,000 10,000

JAMES KENDALL ESTATE AGENTS LIMITED (REGISTERED NUMBER: 07626089)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 May 2024


8. LOANS - continued
2024 2023
£    £   
Amounts falling due between two and five years:
Bank loans - 2-5 years 1,688 11,820

9. RELATED PARTY DISCLOSURES

At the year end the Company owed an amount of £7106 (2023: £995) to J S Kendall, director. No interest has been charged on this balance during the year (2023: £Nil) and there are no set repayment terms.

10. ULTIMATE CONTROLLING PARTY

The controlling party is Oscar 85 Limited.

The ultimate controlling party is J S Kendall.