Caseware UK (AP4) 2023.0.135 2023.0.135 2024-07-312024-07-31No description of principal activityfalse2023-08-01false33falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14242887 2023-08-01 2024-07-31 14242887 2022-07-19 2023-07-31 14242887 2024-07-31 14242887 2023-07-31 14242887 c:Director1 2023-08-01 2024-07-31 14242887 c:RegisteredOffice 2023-08-01 2024-07-31 14242887 d:FurnitureFittings 2023-08-01 2024-07-31 14242887 d:FurnitureFittings 2024-07-31 14242887 d:FurnitureFittings 2023-07-31 14242887 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 14242887 d:OfficeEquipment 2023-08-01 2024-07-31 14242887 d:OfficeEquipment 2024-07-31 14242887 d:OfficeEquipment 2023-07-31 14242887 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 14242887 d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 14242887 d:Goodwill 2023-08-01 2024-07-31 14242887 d:Goodwill 2024-07-31 14242887 d:Goodwill 2023-07-31 14242887 d:CurrentFinancialInstruments 2024-07-31 14242887 d:CurrentFinancialInstruments 2023-07-31 14242887 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 14242887 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 14242887 d:ShareCapital 2024-07-31 14242887 d:ShareCapital 2023-07-31 14242887 d:RetainedEarningsAccumulatedLosses 2024-07-31 14242887 d:RetainedEarningsAccumulatedLosses 2023-07-31 14242887 c:FRS102 2023-08-01 2024-07-31 14242887 c:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 14242887 c:FullAccounts 2023-08-01 2024-07-31 14242887 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 14242887 d:WithinOneYear 2024-07-31 14242887 d:WithinOneYear 2023-07-31 14242887 d:BetweenOneFiveYears 2024-07-31 14242887 d:BetweenOneFiveYears 2023-07-31 14242887 d:Goodwill d:ExternallyAcquiredIntangibleAssets 2023-08-01 2024-07-31 14242887 d:Goodwill d:OwnedIntangibleAssets 2023-08-01 2024-07-31 14242887 e:PoundSterling 2023-08-01 2024-07-31 iso4217:GBP xbrli:pure
Company registration number: 14242887







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 JULY 2024


FELLS GULLIVER (LYNDHURST) ESTATE AGENTS LIMITED






































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FELLS GULLIVER (LYNDHURST) ESTATE AGENTS LIMITED
 


 
COMPANY INFORMATION


Director
Mr J D Rooker 




Registered number
14242887



Registered office
3000a Parkway

Whiteley

Hampshire

PO15 7FX




Accountants
Menzies LLP
Chartered Accountants

3000a Parkway

Whiteley

Hampshire

PO15 7FX





 


FELLS GULLIVER (LYNDHURST) ESTATE AGENTS LIMITED
REGISTERED NUMBER:14242887



STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
  
19,217
9,417

Tangible assets
 5 
7,904
10,276

  
27,121
19,693

Current assets
  

Debtors: amounts falling due within one year
 6 
14,951
10,400

Cash at bank and in hand
  
4,356
100

  
19,307
10,500

Creditors: amounts falling due within one year
 7 
(174,153)
(96,327)

Net current liabilities
  
 
 
(154,846)
 
 
(85,827)

Total assets less current liabilities
  
(127,725)
(66,134)

  

Net liabilities
  
(127,725)
(66,134)


 


FELLS GULLIVER (LYNDHURST) ESTATE AGENTS LIMITED
REGISTERED NUMBER:14242887


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JULY 2024

2024
2023
£
£

Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(127,825)
(66,234)

  
(127,725)
(66,134)


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Mr J D Rooker
Director

Date: 24 April 2025

The notes on page 2 form part of these financial statements.


 


FELLS GULLIVER (LYNDHURST) ESTATE AGENTS LIMITED
 


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

1.


General information

Fells Gulliver (Lyndhurst) Estate Agents Limited is a private company, limited by shares, registered in England and Wales. The company's trading address is 30 High Street, Lyndhurst, SO43 7BG.  

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

At the balance sheet date, the company's assets exceeded its liabilities. The director is is confident that the company has adequate financial resources to settle liabilities as they fall due therefore deem it appropriate to prepare the accounts on a going concern basis.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.


 


FELLS GULLIVER (LYNDHURST) ESTATE AGENTS LIMITED
 


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

2.Accounting policies (continued)

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of Income and Retained Earnings over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 The estimated useful lives range as follows:

Goodwill
-
10
years

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
20%
Office equipment
-
20%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.


 


FELLS GULLIVER (LYNDHURST) ESTATE AGENTS LIMITED
 


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

2.Accounting policies (continued)

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the period was 3 (2023 -3)


4.


Intangible assets



Goodwill

£



Cost


At 1 August 2023
10,000


Additions
12,000



At 31 July 2024

22,000



Amortisation


At 1 August 2023
583


Charge for the year on owned assets
2,200



At 31 July 2024

2,783



Net book value



At 31 July 2024
19,217




 


FELLS GULLIVER (LYNDHURST) ESTATE AGENTS LIMITED
 


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

5.


Tangible fixed assets





Fixtures and fittings
Office equipment
Total

£
£
£



Cost or valuation


At 1 August 2023
6,392
5,466
11,858



At 31 July 2024

6,392
5,466
11,858



Depreciation


At 1 August 2023
860
723
1,583


Charge for the year on owned assets
1,278
1,093
2,371



At 31 July 2024

2,138
1,816
3,954



Net book value



At 31 July 2024
4,254
3,650
7,904


6.


Debtors

2024
2023
£
£


Other debtors
13,309
10,400

Prepayments and accrued income
1,642
-

14,951
10,400



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
-
1,351

Trade creditors
12,249
7,749

Other taxation and social security
3,569
3,072

Other creditors
151,705
81,705

Accruals and deferred income
6,630
2,450

174,153
96,327


Page 1

 


FELLS GULLIVER (LYNDHURST) ESTATE AGENTS LIMITED
 


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

8.


Commitments under operating leases

At 31 July 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
16,800
16,800

Later than 1 year and not later than 5 years
38,593
55,393

55,393
72,193

 
Page 2