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Registration number: 14533644

Routledge & Routledge Property Surveying Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2024

 

Routledge & Routledge Property Surveying Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 8

 

Routledge & Routledge Property Surveying Ltd

Company Information

Directors

Mr Philip Routledge

Mrs Annie Routledge

Registered office

61 Highwayman Road
Boroughbridge
York
YO51 9RJ

Accountants

Neil Wilson Accountancy Limited Bank Chambers
260-262 Union Street
Torquay
Devon
TQ2 5QU

 

Routledge & Routledge Property Surveying Ltd

(Registration number: 14533644)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

427

348

Current assets

 

Stocks

5

-

12,500

Debtors

6

45,638

10,916

Cash at bank and in hand

 

16,227

4,493

 

61,865

27,909

Creditors: Amounts falling due within one year

7

(65,099)

(46,955)

Net current liabilities

 

(3,234)

(19,046)

Net liabilities

 

(2,807)

(18,698)

Capital and reserves

 

Called up share capital

8

2

1

Retained earnings

(2,809)

(18,699)

Shareholders' deficit

 

(2,807)

(18,698)

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 Board on 2 April 2025 and signed on its behalf by:
 

.........................................
Mr Philip Routledge
Director

 

Routledge & Routledge Property Surveying Ltd

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

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:
61 Highwayman Road
Boroughbridge
York
YO51 9RJ

These financial statements were authorised for issue by the Board on 2 April 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.

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

Office Equipment

25% Reducing balance

 

Routledge & Routledge Property Surveying Ltd

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

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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

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.

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.

 

Routledge & Routledge Property Surveying Ltd

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

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 directors) during the year, was 2 (2023 - 2).

 

Routledge & Routledge Property Surveying Ltd

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

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 January 2024

464

464

Additions

221

221

At 31 December 2024

685

685

Depreciation

At 1 January 2024

116

116

Charge for the year

142

142

At 31 December 2024

258

258

Carrying amount

At 31 December 2024

427

427

At 31 December 2023

348

348

5

Stocks

2024
£

2023
£

Work in progress

-

12,500

6

Debtors

Current

Note

2024
£

2023
£

Trade debtors

 

1,680

749

Amounts owed by related parties

10

7,500

-

Other debtors

 

36,458

10,167

   

45,638

10,916

7

Creditors

Creditors: amounts falling due within one year

 

Routledge & Routledge Property Surveying Ltd

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

2024
£

2023
£

Due within one year

Taxation and social security

6,300

6,644

Accruals and deferred income

3,500

4,035

Other creditors

55,299

36,276

65,099

46,955

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary £1 of £1 each

1

1

1

1

       

9

Dividends

2024

2023

£

£

Final dividend of £Nil (2023 - £2.00) per ordinary share

-

-

Interim dividend of £4,000.00 (2023 - £4.00) per ordinary share

-

-

-

-

 

 

10

Related party transactions

Transactions with directors

2024

At 1 January 2024
£

Advances to director
£

At 31 December 2024
£

Mr Philip Routledge

Phil Routledge

-

14,229

14,229

Mrs Annie Routledge

Annie Routledge

14,229

-

14,229

 

Routledge & Routledge Property Surveying Ltd

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

Directors' remuneration

The directors' remuneration for the year was as follows:

2024
£

2023
£

Remuneration

25,140

34,855

Contributions paid to money purchase schemes

10,400

6,500

35,540

41,355

Dividends paid to directors

2024
£

2023
£

Mr Philip Routledge

Phil Routledge

4,000

-

 

 

Mrs Annie Routledge

Annie Routledge

4,000

-