IRIS Accounts Production v24.3.2.46 08283656 Board of Directors 1.5.23 30.4.24 30.4.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh082836562023-04-30082836562024-04-30082836562023-05-012024-04-30082836562022-04-30082836562022-05-012023-04-30082836562023-04-3008283656ns15:EnglandWales2023-05-012024-04-3008283656ns14:PoundSterling2023-05-012024-04-3008283656ns10:Director12023-05-012024-04-3008283656ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3008283656ns10:SmallEntities2023-05-012024-04-3008283656ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3008283656ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3008283656ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3008283656ns10:FullAccounts2023-05-012024-04-3008283656ns10:OrdinaryShareClass12023-05-012024-04-3008283656ns10:Director22023-05-012024-04-3008283656ns10:CompanySecretary12023-05-012024-04-3008283656ns10:RegisteredOffice2023-05-012024-04-3008283656ns5:CurrentFinancialInstruments2024-04-3008283656ns5:CurrentFinancialInstruments2023-04-3008283656ns5:Non-currentFinancialInstruments2024-04-3008283656ns5:Non-currentFinancialInstruments2023-04-3008283656ns5:ShareCapital2024-04-3008283656ns5:ShareCapital2023-04-3008283656ns5:RetainedEarningsAccumulatedLosses2024-04-3008283656ns5:RetainedEarningsAccumulatedLosses2023-04-3008283656ns5:LeaseholdImprovements2023-05-012024-04-3008283656ns5:ComputerEquipment2023-05-012024-04-3008283656ns5:LeaseholdImprovements2023-04-3008283656ns5:ComputerEquipment2023-04-3008283656ns5:LeaseholdImprovements2024-04-3008283656ns5:ComputerEquipment2024-04-3008283656ns5:LeaseholdImprovements2023-04-3008283656ns5:ComputerEquipment2023-04-3008283656ns5:CostValuation2023-04-3008283656ns5:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-04-3008283656ns5:CostValuation2024-04-3008283656ns5:WithinOneYearns5:CurrentFinancialInstruments2024-04-3008283656ns5:WithinOneYearns5:CurrentFinancialInstruments2023-04-3008283656ns5:Non-currentFinancialInstruments2023-05-012024-04-3008283656ns10:OrdinaryShareClass12024-04-3008283656ns10:Director222023-04-3008283656ns10:Director222022-04-3008283656ns10:Director222023-05-012024-04-3008283656ns10:Director222022-05-012023-04-3008283656ns10:Director222024-04-3008283656ns10:Director222023-04-30082836561ns10:Director12023-04-30082836561ns10:Director12022-04-30082836561ns10:Director12023-05-012024-04-30082836561ns10:Director12022-05-012023-04-30082836561ns10:Director12024-04-30082836561ns10:Director12023-04-30
REGISTERED NUMBER: 08283656 (England and Wales)


























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

STANFORD ESTATE AGENTS LIMITED

STANFORD ESTATE AGENTS LIMITED (REGISTERED NUMBER: 08283656)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STANFORD ESTATE AGENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: Mr N J Stanford
Mr A F Stanford





SECRETARY: Mr N J Stanford





REGISTERED OFFICE: 23 High Street
Eastleigh
Hampshire
SO50 5LF





REGISTERED NUMBER: 08283656 (England and Wales)






STANFORD ESTATE AGENTS LIMITED (REGISTERED NUMBER: 08283656)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 25,505 32,763
Investments 6 - 100
25,505 32,863

CURRENT ASSETS
Debtors 7 401,625 549,295
Cash at bank and in hand 35,679 26,913
437,304 576,208
CREDITORS
Amounts falling due within one year 8 497,980 469,493
NET CURRENT (LIABILITIES)/ASSETS (60,676 ) 106,715
TOTAL ASSETS LESS CURRENT
LIABILITIES

(35,171

)

139,578

CREDITORS
Amounts falling due after more than one
year

9

(69,612

)

(141,390

)

PROVISIONS FOR LIABILITIES - (5,971 )
NET LIABILITIES (104,783 ) (7,783 )

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings (104,883 ) (7,883 )
SHAREHOLDERS' FUNDS (104,783 ) (7,783 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

STANFORD ESTATE AGENTS LIMITED (REGISTERED NUMBER: 08283656)

BALANCE SHEET - continued
30 APRIL 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 Board of Directors and authorised for issue on 24 March 2025 and were signed on its behalf by:





Mr N J Stanford - Director


STANFORD ESTATE AGENTS LIMITED (REGISTERED NUMBER: 08283656)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Stanford 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The financial statements prepared cover the period from 1 May 2023 to 30 April 2024. This is within seven days of the company's accounting reference date of 29 April 2024, as permitted under Section 390 of the Companies Act 2006.

Preparation of consolidated financial statements
The financial statements contain information about Stanford Estate Agents Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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.
Improvements to property - 20% straight line
Office equipment, fixtures and fittings - 25% on reducing balance

All fixed assets are initially recorded at cost.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

STANFORD ESTATE AGENTS LIMITED (REGISTERED NUMBER: 08283656)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


3. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company contributes to a defined contribution pension scheme. Contributions payable to the pension scheme are charged to profit or loss in the period to which they relate.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in administrative expenses.

Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 16 ) .

5. TANGIBLE FIXED ASSETS
Office
equipment,
Improvements fixtures
to and
property fittings Totals
£    £    £   
COST
At 1 May 2023 13,535 79,687 93,222
Additions - 1,123 1,123
At 30 April 2024 13,535 80,810 94,345
DEPRECIATION
At 1 May 2023 10,196 50,263 60,459
Charge for year 803 7,578 8,381
At 30 April 2024 10,999 57,841 68,840
NET BOOK VALUE
At 30 April 2024 2,536 22,969 25,505
At 30 April 2023 3,339 29,424 32,763

STANFORD ESTATE AGENTS LIMITED (REGISTERED NUMBER: 08283656)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 May 2023 100
Impairments (100 )
At 30 April 2024 -
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 100

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 33,452 45,713
Other debtors 368,173 503,582
401,625 549,295

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 20,599 35,496
Amounts owed to group undertakings - 100
Taxation and social security 264,423 248,969
Other creditors 212,958 184,928
497,980 469,493

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 69,612 141,390

Other creditors include £73,804 (2023: £128,735) borrowed under the Coronavirus Business Interruption Loan Scheme. £60,662 (2023: £54,931) is included in creditors amounts falling due within one year and £13,142 (2023: £73,804) is included in creditors amounts falling due after more than one year. The Coronavirus Business Interruption Loan Scheme provides the lender with a government-backed partial guarantee against the outstanding facility balance.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

11. OTHER FINANCIAL COMMITMENTS

Total future financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £45,250 (2023: £77,158).This amount is in relation to operating lease commitments which are payable over the next 2 years (2023: 3 years). The Directors, Mr N J Stanford and Mr A F Stanford, have given a personal guarantee in connection with £40,000 (2023: £60,000) of these operating lease commitments.

STANFORD ESTATE AGENTS LIMITED (REGISTERED NUMBER: 08283656)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£    £   
Mr A F Stanford
Balance outstanding at start of year 174,734 76,800
Amounts advanced 19,045 109,692
Amounts repaid (61,270 ) (11,758 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 132,509 174,734

Mr N J Stanford
Balance outstanding at start of year 142,343 74,202
Amounts advanced 13,853 106,077
Amounts repaid (99,760 ) (37,936 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 56,436 142,343

The loans were unsecured with no specified repayment date. Interest was charged at HM Revenue and Customs approved rates.