Silverfin false false 31/12/2024 01/01/2024 31/12/2024 B Jesty 16/06/2015 04 June 2025 The principal activity of the Company during the financial year was that of estate and letting agents. 09642590 2024-12-31 09642590 bus:Director1 2024-12-31 09642590 core:CurrentFinancialInstruments 2024-12-31 09642590 core:CurrentFinancialInstruments 2023-12-31 09642590 2023-12-31 09642590 core:ShareCapital 2024-12-31 09642590 core:ShareCapital 2023-12-31 09642590 core:RetainedEarningsAccumulatedLosses 2024-12-31 09642590 core:RetainedEarningsAccumulatedLosses 2023-12-31 09642590 bus:OrdinaryShareClass1 2024-12-31 09642590 2024-01-01 2024-12-31 09642590 bus:FilletedAccounts 2024-01-01 2024-12-31 09642590 bus:SmallEntities 2024-01-01 2024-12-31 09642590 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 09642590 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 09642590 bus:Director1 2024-01-01 2024-12-31 09642590 2023-01-01 2023-12-31 09642590 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 09642590 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 09642590 (England and Wales)

SOUTHBOURNE ESTATE AGENCY LTD

Unaudited Financial Statements
For the financial year ended 31 December 2024
Pages for filing with the registrar

SOUTHBOURNE ESTATE AGENCY LTD

Unaudited Financial Statements

For the financial year ended 31 December 2024

Contents

SOUTHBOURNE ESTATE AGENCY LTD

BALANCE SHEET

As at 31 December 2024
SOUTHBOURNE ESTATE AGENCY LTD

BALANCE SHEET (continued)

As at 31 December 2024
Note 2024 2023
£ £
Current assets
Debtors 3 184,765 118,036
Cash at bank and in hand 77,050 81,238
261,815 199,274
Creditors: amounts falling due within one year 4 ( 40,615) ( 31,718)
Net current assets 221,200 167,556
Total assets less current liabilities 221,200 167,556
Net assets 221,200 167,556
Capital and reserves
Called-up share capital 5 100 100
Profit and loss account 221,100 167,456
Total shareholders' funds 221,200 167,556

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.

Director's responsibilities:

The financial statements of Southbourne Estate Agency Ltd (registered number: 09642590) were approved and authorised for issue by the Director on 04 June 2025. They were signed on its behalf by:

B Jesty
Director
SOUTHBOURNE ESTATE AGENCY LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
SOUTHBOURNE ESTATE AGENCY LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Southbourne Estate Agency Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.
Revenue from services is recognised as they are delivered.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 2 2

3. Debtors

2024 2023
£ £
Trade debtors 121 1
Amounts owed by associates 105,928 52,017
Other debtors 78,716 66,018
184,765 118,036

4. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 4,909 4,615
Taxation and social security 33,276 24,812
Other creditors 2,430 2,291
40,615 31,718

5. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

6. Related party transactions

Transactions with the entity's director

2024 2023
£ £
Key management 78,228 63,990

Interest has been charged on the overdrawn directors loan account as per HMRC rates.