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Registration number: 04643888

Platinum The Estate Agents Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 January 2025

 

Platinum The Estate Agents Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 9

 

Platinum The Estate Agents Limited

Company Information

Director

D W F Burtenshaw

Registered office

1 - 3 Chester Road
Neston
Cheshire
CH64 9PA

Accountants

Phillip Bates & Co Limited
Chartered Accountants1 - 3 Chester Road
Neston
Cheshire
CH64 9PA

 

Platinum The Estate Agents Limited

(Registration number: 04643888)
Balance Sheet as at 31 January 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

4,855

6,563

Current assets

 

Debtors

5

8,327

4,804

Cash at bank and in hand

 

188,375

214,287

 

196,702

219,091

Creditors: Amounts falling due within one year

6

(49,672)

(58,407)

Net current assets

 

147,030

160,684

Total assets less current liabilities

 

151,885

167,247

Provisions for liabilities

(1,214)

(1,425)

Net assets

 

150,671

165,822

Capital and reserves

 

Called up share capital

7

399

399

Retained earnings

150,272

165,423

Shareholders' funds

 

150,671

165,822

For the financial year ending 31 January 2025 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 his 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 1 May 2025
 

.........................................
D W F Burtenshaw
Director

 

Platinum The Estate Agents Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

1

General information

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

The address of its registered office is:
1 - 3 Chester Road
Neston
Cheshire
CH64 9PA
England

These financial statements were authorised for issue by the director on 1 May 2025.

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

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' 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.

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 and deferred 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.

 

Platinum The Estate Agents Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

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

Fixtures and fittings

25% straight line basis

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.

Trade 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.

Trade 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.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

 

Platinum The Estate Agents Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

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 5 (2024 - 5).

 

Platinum The Estate Agents Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

4

Tangible assets

Fixtures and fittings
£

Total
£

Cost or valuation

At 1 February 2024

38,651

38,651

Additions

1,410

1,410

Disposals

(27,653)

(27,653)

At 31 January 2025

12,408

12,408

Depreciation

At 1 February 2024

32,088

32,088

Charge for the year

3,095

3,095

Eliminated on disposal

(27,630)

(27,630)

At 31 January 2025

7,553

7,553

Carrying amount

At 31 January 2025

4,855

4,855

At 31 January 2024

6,563

6,563

5

Debtors

2025
£

2024
£

Other debtors

5,451

2,241

Prepayments

2,876

2,563

8,327

4,804

 

Platinum The Estate Agents Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

6

Creditors

Creditors: amounts falling due within one year

2025
£

2024
£

Due within one year

Trade creditors

4,643

3,042

Taxation and social security

36,831

38,657

Accruals and deferred income

3,485

4,080

Other creditors

4,713

12,628

49,672

58,407

7

Share capital

Allotted, called up and fully paid shares

 

2025

2024

 

No.

£

No.

£

Ordinary B shares of £1 each

300

300

300

300

Ordinary A shares of £0.50 each

198

99

198

99

 

498

399

498

399

8

Related party transactions

Key management personnel

The Director's Loan Balance at 31st January 2025 was repaid by the declaration of a dividend on 29th April 2025.

 

Platinum The Estate Agents Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Transactions with the director

2025

At 1 February 2024
£

Advances to director
£

Repayments by director
£

At 31 January 2025
£

D W F Burtenshaw

Director's Loan Account

(1,835)

(6,573)

4,030

(4,378)

2024

At 1 February 2023
£

Advances to director
£

At 31 January 2024
£

D W F Burtenshaw

Director's Loan Account

-

(1,835)

(1,835)

 

Platinum The Estate Agents Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

9

Taxation

Tax charged/(credited) in the income statement

2025
 £

2024
 £

Current taxation

UK corporation tax

28,036

31,580

Deferred taxation

Arising from origination and reversal of timing differences

(212)

1,425

Tax expense in the income statement

27,824

33,005

Deferred tax