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REGISTERED NUMBER: 04011483 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Karl Tatler Estate Agents Limited

Karl Tatler Estate Agents Limited (Registered number: 04011483)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 10

Karl Tatler Estate Agents Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: K S Tatler
A K Schofield





SECRETARY: Mrs M Tatler





REGISTERED OFFICE:
23 Pensby Road
Heswall
Wirral
CH60 7RA





REGISTERED NUMBER: 04011483 (England and Wales)





ACCOUNTANTS: Dufton Kellner Limited
Chartered Accountants
Barnston House
Beacon Lane
Heswall
Wirral
Merseyside
CH60 0EE

Karl Tatler Estate Agents Limited (Registered number: 04011483)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 52,846 105,694
Tangible assets 5 1,743,612 671,765
1,796,458 777,459

CURRENT ASSETS
Stocks 2,000 2,000
Debtors 6 260,152 312,519
Cash at bank 1,271,433 656,566
1,533,585 971,085
CREDITORS
Amounts falling due within one year 7 1,111,095 529,694
NET CURRENT ASSETS 422,490 441,391
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,218,948

1,218,850

CREDITORS
Amounts falling due after more than one year 8 (683,051 ) (20,313 )

PROVISIONS FOR LIABILITIES (138,657 ) (100,153 )
NET ASSETS 1,397,240 1,098,384

CAPITAL AND RESERVES
Called up share capital 115 100
Share premium 14,985 -
Retained earnings 1,382,140 1,098,284
SHAREHOLDERS' FUNDS 1,397,240 1,098,384

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

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

Karl Tatler Estate Agents Limited (Registered number: 04011483)

Balance Sheet - continued
31 December 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 March 2025 and were signed on its behalf by:





K S Tatler - Director


Karl Tatler Estate Agents Limited (Registered number: 04011483)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Karl Tatler 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 recognised at the fair value of the consideration received or receivable for sale of services in the ordinary nature of the business. Turnover is shown net of Value Added Tax, of services provided to customers.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of five years

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on reducing balance, 20% on cost and over term of lease

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 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.

Karl Tatler Estate Agents Limited (Registered number: 04011483)

Notes to the Financial Statements - continued
for the Year Ended 31 December 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 105 (2023 - 90 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 264,232
AMORTISATION
At 1 January 2024 158,538
Charge for year 52,848
At 31 December 2024 211,386
NET BOOK VALUE
At 31 December 2024 52,846
At 31 December 2023 105,694

Karl Tatler Estate Agents Limited (Registered number: 04011483)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2024 - 1,637,674 1,637,674
Additions 955,814 354,581 1,310,395
At 31 December 2024 955,814 1,992,255 2,948,069
DEPRECIATION
At 1 January 2024 - 965,909 965,909
Charge for year 5,901 232,647 238,548
At 31 December 2024 5,901 1,198,556 1,204,457
NET BOOK VALUE
At 31 December 2024 949,913 793,699 1,743,612
At 31 December 2023 - 671,765 671,765

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 January 2024 40,470
Additions 252,695
At 31 December 2024 293,165
DEPRECIATION
At 1 January 2024 4,216
Charge for year 39,645
At 31 December 2024 43,861
NET BOOK VALUE
At 31 December 2024 249,304
At 31 December 2023 36,254

Karl Tatler Estate Agents Limited (Registered number: 04011483)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 128,385 164,912
Amounts owed by associates 82,040 70,000
Other debtors 49,727 77,607
260,152 312,519

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 65,000 -
Hire purchase contracts (see note 9) 68,267 7,617
Trade creditors 59,605 69,363
Taxation and social security 666,703 380,960
Other creditors 251,520 71,754
1,111,095 529,694

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Bank loans 552,991 -
Hire purchase contracts (see note 9) 130,060 20,313
683,051 20,313

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 292,991 -

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.12.24 31.12.23
£    £   
Net obligations repayable:
Within one year 68,267 7,617
Between one and five years 130,060 20,313
198,327 27,930

Karl Tatler Estate Agents Limited (Registered number: 04011483)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

9. LEASING AGREEMENTS - continued

Non-cancellable operating leases
31.12.24 31.12.23
£    £   
Within one year 138,716 209,477
Between one and five years 483,781 477,195
In more than five years 125,796 211,166
748,293 897,838

10. SECURED DEBTS

The following secured debts are included within creditors:

31.12.24 31.12.23
£    £   
Hire purchase contracts 198,327 -
Bank loans 617,991 -
816,318 -

Debenture dated 30/09/2004 - fixed and floating charges which covers all the property and assets in favour of NatWest Bank Plc.

Legal charge dated 05/06/2024 - 21, 21A, 23 & 23A Pensby Road, Heswall, Wirral, CH60 7RA which covers all the property or undertaking of the company and a negative pledge, in favour of NatWest Bank Plc.

Net obligations under finance leases and hire purchase contracts are secured on the assets concerned.

11. SHAREHOLDER AND DIRECTORS' ADVANCES AND CREDITS

The following advances and credits to a shareholder and a director subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24 31.12.23
£    £   
K S Tatler
Balance outstanding at start of year (3,458 ) (389 )
Amounts advanced 203,031 386,931
Amounts repaid (200,000 ) (390,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (427 ) (3,458 )

During the year, interest free, unsecured advances were made from the shareholder and director, and were repayable on demand.

Karl Tatler Estate Agents Limited (Registered number: 04011483)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

12. RELATED PARTY DISCLOSURES

During the year the company paid rent at market value of £11,000 (2023 £11,000) in respect of premises owned by a Self Invested Personal Pension in the name of Mr K S Tatler, a director and shareholder of the company. Rent of £16,000 (2023 £16,000) was also paid to K Tatler and his wife in respect of a property owned personally, from which the company trades.

13. LOAN WRITE OFF

Last year an amount of £100 due to Karl Tatler Lettings Limited (KTL) from Karl Tatler Estates Limited (KTE) was written off. The amount released was credited to the profit and loss account.The director was of the opinion that due to the connection between KTL and KTE and its directors, the write off was not chargeable to Corporation Tax under the loan relationship rules. Therefore no provision was been made for Corporation Tax within these accounts.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Karl Tatler Estate Agents Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Karl Tatler Estate Agents Limited for the year ended 31 December 2024 which comprise the Profit and Loss Account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Karl Tatler Estate Agents Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Karl Tatler Estate Agents Limited and state those matters that we have agreed to state to the Board of Directors of Karl Tatler Estate Agents Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Karl Tatler Estate Agents Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Karl Tatler Estate Agents Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Karl Tatler Estate Agents Limited. You consider that Karl Tatler Estate Agents Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Karl Tatler Estate Agents Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Dufton Kellner Limited
Chartered Accountants
Barnston House
Beacon Lane
Heswall
Wirral
Merseyside
CH60 0EE


26 March 2025