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Registration number: 07525548

Nathan James Estate Agents Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2025

 

Nathan James Estate Agents Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 8

 

Nathan James Estate Agents Ltd

Company Information

Directors

CJ Waite

NJ Reeks

RA Reeks

Company secretary

CJ Waite

Registered office

5 Beauley Road
Southville
Bristol
BS3 1PX

Accountants

Dorrington Mundy
Chartered Accountants5 Beauley Road
Southville
Bristol
BS3 1PX

 

Nathan James Estate Agents Ltd

(Registration number: 07525548)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

9,546

10,173

Current assets

 

Debtors

5

111,283

107,159

Cash at bank and in hand

 

79,377

57,952

 

190,660

165,111

Creditors: Amounts falling due within one year

6

(105,160)

(89,515)

Net current assets

 

85,500

75,596

Total assets less current liabilities

 

95,046

85,769

Creditors: Amounts falling due after more than one year

6

(25,361)

(30,699)

Net assets

 

69,685

55,070

Capital and reserves

 

Called up share capital

18

18

Retained earnings

69,667

55,052

Shareholders' funds

 

69,685

55,070

For the financial year ending 31 March 2025 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 21 May 2025 and signed on its behalf by:
 

.........................................
CJ Waite
Company secretary and director

 

Nathan James Estate Agents Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 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:
5 Beauley Road
Southville
Bristol
BS3 1PX
United Kingdom

The principal place of business is:
8 Newport Road
Caldicot
Monmouthshire
NP26 4HX
Wales

These financial statements were authorised for issue by the Board on 21 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 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.

 

Nathan James Estate Agents Ltd

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

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.

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

Leasehold improvements

15% reducing balance

Office equipment

20% reducing balance

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.

 

Nathan James Estate Agents Ltd

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

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

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 9 (2024 - 10).

 

Nathan James Estate Agents Ltd

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

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2024

5,248

30,158

-

35,406

Additions

-

890

869

1,759

At 31 March 2025

5,248

31,048

869

37,165

Depreciation

At 1 April 2024

4,369

20,864

-

25,233

Charge for the year

132

2,037

217

2,386

At 31 March 2025

4,501

22,901

217

27,619

Carrying amount

At 31 March 2025

747

8,147

652

9,546

At 31 March 2024

879

9,294

-

10,173

Included within the net book value of land and buildings above is £747 (2024 - £879) in respect of short leasehold land and buildings.
 

5

Debtors

Current

2025
£

2024
£

Trade debtors

8,459

3,190

Prepayments

1,571

1,314

Other debtors

101,253

102,655

 

111,283

107,159

 

Nathan James Estate Agents Ltd

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

6

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Due within one year

 

Loans and borrowings

7

5,007

25,773

Trade creditors

 

4,369

3,279

Taxation and social security

 

64,735

39,741

Accruals and deferred income

 

3,248

3,214

Other creditors

 

27,801

17,508

 

105,160

89,515

Creditors: amounts falling due after more than one year

Note

2025
£

2024
£

Due after one year

 

Loans and borrowings

7

25,361

30,699

7

Loans and borrowings

Non-current loans and borrowings

2025
£

2024
£

Bank borrowings

25,361

30,699

Current loans and borrowings

2025
£

2024
£

Bank borrowings

5,007

5,007

Bank overdrafts

-

20,766

5,007

25,773

 

Nathan James Estate Agents Ltd

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

8

Related party transactions

Transactions with directors

2025

At 1 April 2024
£

Advances to director
£

Repayments by director
£

At 31 March 2025
£

CJ Waite

A balance is owed by the director at the year end. The balance was cleared by a dividend post year end

5,507

14,772

(11,700)

8,580

NJ Reeks

A balance is owed by the director at the year end. The balance was cleared by a dividend post year end

64,833

60,226

(65,000)

60,058

RA Reeks

A balance is owed by the director at the year end. The balance was cleared by a dividend post year end

32,315

32,799

(32,500)

32,614

2024

At 1 April 2023
£

Advances to director
£

Repayments by director
£

At 31 March 2024
£

CJ Waite

A balance is owed by the director at the year end. The balance was cleared by a dividend post year end

2,432

12,675

(9,600)

5,507

NJ Reeks

A balance is owed by the director at the year end. The balance was cleared by a dividend post year end

54,989

64,843

(55,000)

64,833

RA Reeks

A balance is owed by the director at the year end. The balance was cleared by a dividend post year end

41,224

32,342

(41,250)

32,315