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REGISTERED NUMBER: 09426471 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

CPH ESTATE AGENTS LTD

CPH ESTATE AGENTS LTD (REGISTERED NUMBER: 09426471)

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


CPH ESTATE AGENTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Mr Jonathan Andrew Walker
Mr Christopher Philip Fletcher





REGISTERED OFFICE: 19 St Thomas Street
Scarborough
North Yorkshire
YO11 1DY





REGISTERED NUMBER: 09426471 (England and Wales)





ACCOUNTANTS: Fortus Limited
Business Advisors & Accountants
5 & 6 Manor Garth
Manor Court
Scarborough
North Yorkshire
YO11 3TU

CPH ESTATE AGENTS LTD (REGISTERED NUMBER: 09426471)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 44
Tangible assets 5 43,692 34,773
43,692 34,817

CURRENT ASSETS
Stocks 12,500 12,500
Debtors 6 370,934 369,884
Investments 7 - 13
Cash at bank and in hand 251,226 205,617
634,660 588,014
CREDITORS
Amounts falling due within one year 8 174,807 128,963
NET CURRENT ASSETS 459,853 459,051
TOTAL ASSETS LESS CURRENT LIABILITIES 503,545 493,868

PROVISIONS FOR LIABILITIES 10,390 8,704
NET ASSETS 493,155 485,164

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 493,055 485,064
SHAREHOLDERS' FUNDS 493,155 485,164

CPH ESTATE AGENTS LTD (REGISTERED NUMBER: 09426471)

BALANCE SHEET - continued
31 DECEMBER 2024


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.

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 31 March 2025 and were signed on its behalf by:





Mr Jonathan Andrew Walker - Director


CPH ESTATE AGENTS LTD (REGISTERED NUMBER: 09426471)

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


1. STATUTORY INFORMATION

CPH Estate Agents Ltd 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 (£).


The level of rounding used in the financial statements is to the nearest £1.

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
The turnover shown in the profit and loss account represents the total invoice value, excluding value added tax, of sales made during the year. Sales are recognised in the profit and loss account in the period in which the related services are carried out.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, has been
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.
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Stocks are valued at the lower of costs and net realisable value, after making due allowance for obsolete and slow moving items. Cost is calculated on a first in, first out basis.

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.


CPH ESTATE AGENTS LTD (REGISTERED NUMBER: 09426471)

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


2. ACCOUNTING POLICIES - continued
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.

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.

Going concern - basis of preparation
In assessing the appropriateness of the application of the going concern basis, the directors have considered the uncertainties around the general economic environment, the current and future trading performance of the company and available cash. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, accordingly they continue to adopt the going concern basis in preparing the financial statements.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 January 2024
and 31 December 2024 84,550 2,073 86,623
AMORTISATION
At 1 January 2024 84,550 2,029 86,579
Charge for year - 44 44
At 31 December 2024 84,550 2,073 86,623
NET BOOK VALUE
At 31 December 2024 - - -
At 31 December 2023 - 44 44

CPH ESTATE AGENTS LTD (REGISTERED NUMBER: 09426471)

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


5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2024 52,370 - 54,912 107,282
Additions 663 5,500 10,708 16,871
At 31 December 2024 53,033 5,500 65,620 124,153
DEPRECIATION
At 1 January 2024 23,655 - 48,854 72,509
Charge for year 2,883 688 4,381 7,952
At 31 December 2024 26,538 688 53,235 80,461
NET BOOK VALUE
At 31 December 2024 26,495 4,812 12,385 43,692
At 31 December 2023 28,715 - 6,058 34,773

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 26,315 27,261
Other debtors 344,619 342,623
370,934 369,884

7. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Listed investments - 13

8. CREDITORS LESS THAN ONE YEAR
2024 2023
£    £   
Trade creditors 7,433 7,045
Taxation and social security 84,851 67,380
Other creditors 82,523 54,538
174,807 128,963

The bank loans and overdrafts are secured by a fixed and floating charge over the company's assets.

9. OTHER FINANCIAL COMMITMENTS

At 31 December 2024 the company had annual commitments under non-cancellable operating leases of £7,855 (2023 £31,607).

CPH ESTATE AGENTS LTD (REGISTERED NUMBER: 09426471)

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


10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£    £   
Mr Jonathan Andrew Walker
Balance outstanding at start of year 8,686 63,594
Amounts advanced 138 39,404
Amounts repaid (10,000 ) (94,312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,176 ) 8,686

Mr Christopher Philip Fletcher
Balance outstanding at start of year 275 587
Amounts advanced 138 -
Amounts repaid - (312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 413 275

The amounts above represent aggregates of the advances and repayments made in the year.

Interest has been charged on the overdrawn loan account balances at the official rate.

11. RELATED PARTY DISCLOSURES

Included in other debtors is £333,526 (2023 £286,526) owing from a connected company. This loan is
deemed to be repayable on demand and no interest has been charged by the company on the
amount outstanding