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Registration number: 10959365

Anna Ashton Estate Agents Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 30 September 2024

 

Anna Ashton Estate Agents Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3 to 8

 

Anna Ashton Estate Agents Ltd

Company Information

Director

Mrs A C Whymark

Registered office

3 College Street
Ammanford
SA18 3AB

 

Anna Ashton Estate Agents Ltd

(Registration number: 10959365)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

24,505

24,995

Current assets

 

Debtors

5

28,945

11,578

Cash at bank and in hand

 

142,385

140,557

 

171,330

152,135

Creditors: Amounts falling due within one year

6

(36,872)

(25,722)

Net current assets

 

134,458

126,413

Net assets

 

158,963

151,408

Capital and reserves

 

Called up share capital

104

104

Profit and loss account

158,859

151,304

Total equity

 

158,963

151,408

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 19 March 2025
 

.........................................
Mrs A C Whymark
Director

   
     
 

Anna Ashton Estate Agents Ltd

Notes to the Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in Wales.

The address of its registered office is:
3 College Street
Ammanford
SA18 3AB

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Anna Ashton Estate Agents Ltd

Notes to the Financial Statements for the Year Ended 30 September 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor Vehicles

20% Reducing Balance

Plant and machinery

15% Reducing Balance

Furniture & Fittings

5% Reducing Balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Anna Ashton Estate Agents Ltd

Notes to the Financial Statements for the Year Ended 30 September 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 6 (2023 - 9).

 

Anna Ashton Estate Agents Ltd

Notes to the Financial Statements for the Year Ended 30 September 2024

4

Tangible assets

Fixtures and fittings
£

Plant and machinery
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 October 2023

1,806

35,839

9,000

46,645

Additions

-

5,046

-

5,046

Disposals

-

(2,482)

-

(2,482)

At 30 September 2024

1,806

38,403

9,000

49,209

Depreciation

At 1 October 2023

176

16,160

5,314

21,650

Charge for the year

82

3,136

737

3,955

Eliminated on disposal

-

(901)

-

(901)

At 30 September 2024

258

18,395

6,051

24,704

Carrying amount

At 30 September 2024

1,548

20,008

2,949

24,505

At 30 September 2023

1,630

19,679

3,686

24,995

5

Debtors

2024
£

2023
£

Trade debtors

10,932

10,898

Prepayments

674

680

Other debtors

17,339

-

28,945

11,578

 

Anna Ashton Estate Agents Ltd

Notes to the Financial Statements for the Year Ended 30 September 2024

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Bank loans and overdrafts

8

-

5,633

Trade creditors

 

1,544

-

Taxation and social security

 

15,181

10,512

Director's loan account

 

6,043

-

Outstanding defined contribution pension costs

 

475

(1,062)

Corporation tax liability

 

11,919

8,469

Other creditors

 

1,710

2,170

 

36,872

25,722

7

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

Ordinary A shares of £1 each

1

1

1

1

Ordinary B shares of £1 each

1

1

1

1

Ordinary C shares of £1 each

1

1

1

1

Ordinary D shares of £1 each

1

1

1

1

 

104

104

104

104

8

Loans and borrowings

2024
£

2023
£

Current loans and borrowings

Other borrowings

-

5,633

 

Anna Ashton Estate Agents Ltd

Notes to the Financial Statements for the Year Ended 30 September 2024

9

Related party transactions

Transactions with directors

2024

At 1 October 2023
£

Advances to director
£

At 30 September 2024
£

Mrs A C Whymark

Director's Loan Account

(5,633)

410

(5,223)

       
     

 

2023

At 1 October 2022
£

Advances to director
£

At 30 September 2023
£

Mrs A C Whymark

Director's Loan Account

(6,669)

1,036

(5,633)