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REGISTERED NUMBER: 08656163 (England and Wales)

| Richard Kendall Estate Agent Limited |

| Financial Statements |

| for the Year Ended 30 September 2024 |

Richard Kendall Estate Agent Limited (Registered number: 08656163)

Contents of the Financial Statements

for the year ended 30 September 2024

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

Richard Kendall Estate Agent Limited

Company Information

for the year ended 30 September 2024

| DIRECTORS: | Mrs C V Boswell

| Mr S J Kendall

| Mrs J A Kendall

| REGISTERED OFFICE: | 66 Northgate

| Wakefield

| West Yorkshire

| WF1 3AP

| REGISTERED NUMBER: | 08656163 (England and Wales)

| ACCOUNTANTS: | SMH Jolliffe Cork Ltd

| Accountants & Business Advisors

| 33 George Street

| Wakefield

| West Yorkshire

| WF1 1LX

| BANKERS: | Barclays Bank PLC

| Trinity Walk Shopping Centre

| Teall Way

| Wakefield

| West Yorkshire

| WF1 1QS

Richard Kendall Estate Agent Limited (Registered number: 08656163)

Balance Sheet

30 September 2024

2024 | 2023 |

| Notes | £ | £ | £ | £

FIXED ASSETS

Intangible assets | 4 | - |  | - |  |

Tangible assets | 5 | 228,098 |  | 121,535 |  |

228,098 |  | 121,535 |  |

CURRENT ASSETS

Debtors | 6 | 288,940 |  | 196,425 |  |

Cash at bank and in hand | 215,709 |  | 174,559 |  |

504,649 |  | 370,984 |  |

CREDITORS

Amounts falling due within one year | 7 | 278,994 |  | 238,433 |  |

NET CURRENT ASSETS | 225,655 |  | 132,551 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 453,753 |  | 254,086 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (151,224 | ) | (50,899 | ) |

PROVISIONS FOR LIABILITIES | (4,816 | ) | (3,471 | ) |

NET ASSETS | 297,713 |  | 199,716 |  |

Richard Kendall Estate Agent Limited (Registered number: 08656163)

Balance Sheet - continued

30 September 2024

2024 | 2023 |

| Notes | £ | £ | £ | £

CAPITAL AND RESERVES

Called up share capital | 1,000 |  | 1,000 |  |

Retained earnings | 296,713 |  | 198,716 |  |

SHAREHOLDERS' FUNDS | 297,713 |  | 199,716 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 June 2025 and were signed on its behalf by:

Mrs C V Boswell - Director

Mr S J Kendall - Director

Richard Kendall Estate Agent Limited (Registered number: 08656163)

Notes to the Financial Statements

for the year ended 30 September 2024

1. | STATUTORY INFORMATION

| Richard Kendall Estate Agent Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

| The functional and presentation currency for the company is the pound sterling (£). All financial information presented has been rounded to the nearest (£), unless otherwise stated.

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| Turnover

| Turnover represents net invoiced sales of services, excluding value added tax.

| Goodwill

| Goodwill, being the amount paid in connection with the acquisition of a business in 2014, has been amortised evenly over its estimated useful life of five years.

| Intangible assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

| Leasehold property improvements | - | Over the term of the lease

| Fixtures, fittings and equipment | - | 25% on reducing balance

| Motor vehicles | - | 25% on reducing balance

| All fixed assets are initially recorded at cost.

Richard Kendall Estate Agent Limited (Registered number: 08656163)

Notes to the Financial Statements - continued

for the year ended 30 September 2024

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| The company has chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial instruments.

| All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

| 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.

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

| Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

| Hire purchase and leasing commitments

| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

| Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

Richard Kendall Estate Agent Limited (Registered number: 08656163)

Notes to the Financial Statements - continued

for the year ended 30 September 2024

2. | ACCOUNTING POLICIES - continued

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.

| The company makes employer contributions into the directors' personal pension schemes. Contributions payable to these pension schemes are charged to the profit and loss account in the period to which they relate.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 71 (2023 - 71 ) .

4. | INTANGIBLE FIXED ASSETS

Goodwill |

| £

| COST

| At 1 October 2023

| and 30 September 2024 | 1,100,000 |  |

| AMORTISATION

| At 1 October 2023

| and 30 September 2024 | 1,100,000 |  |

| NET BOOK VALUE

| At 30 September 2024 | - |  |

| At 30 September 2023 | - |  |

Richard Kendall Estate Agent Limited (Registered number: 08656163)

Notes to the Financial Statements - continued

for the year ended 30 September 2024

5. | TANGIBLE FIXED ASSETS

Fixtures, |

Leasehold | fittings |

property | and | Motor |

improvements | equipment | vehicles | Totals |

| £ | £ | £ | £

| COST

| At 1 October 2023 | 46,045 |  | 192,218 |  | 92,789 |  | 331,052 |  |

| Additions | - |  | 8,447 |  | 175,750 |  | 184,197 |  |

| Disposals | - |  | - |  | (83,539 | ) | (83,539 | ) |

| At 30 September 2024 | 46,045 |  | 200,665 |  | 185,000 |  | 431,710 |  |

| DEPRECIATION

| At 1 October 2023 | 46,045 |  | 123,046 |  | 40,426 |  | 209,517 |  |

| Charge for year | - |  | 18,215 |  | 13,994 |  | 32,209 |  |

| Eliminated on disposal | - |  | - |  | (38,114 | ) | (38,114 | ) |

| At 30 September 2024 | 46,045 |  | 141,261 |  | 16,306 |  | 203,612 |  |

| NET BOOK VALUE

| At 30 September 2024 | - |  | 59,404 |  | 168,694 |  | 228,098 |  |

| At 30 September 2023 | - |  | 69,172 |  | 52,363 |  | 121,535 |  |

| Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Fixtures, |

fittings |

and | Motor |

equipment | vehicles | Totals |

| £ | £ | £

| COST

| At 1 October 2023 | 24,263 |  | 79,889 |  | 104,152 |  |

| Additions | - |  | 165,551 |  | 165,551 |  |

| Disposals | - |  | (79,889 | ) | (79,889 | ) |

| At 30 September 2024 | 24,263 |  | 165,551 |  | 189,814 |  |

| DEPRECIATION

| At 1 October 2023 | 2,527 |  | 34,951 |  | 37,478 |  |

| Charge for year | 5,434 |  | 10,347 |  | 15,781 |  |

| Eliminated on disposal | - |  | (34,951 | ) | (34,951 | ) |

| At 30 September 2024 | 7,961 |  | 10,347 |  | 18,308 |  |

| NET BOOK VALUE

| At 30 September 2024 | 16,302 |  | 155,204 |  | 171,506 |  |

| At 30 September 2023 | 21,736 |  | 44,938 |  | 66,674 |  |

Richard Kendall Estate Agent Limited (Registered number: 08656163)

Notes to the Financial Statements - continued

for the year ended 30 September 2024

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

| £ | £

| Trade debtors | 68,018 |  | 54,725 |  |

| Other debtors | 3,219 |  | 2,098 |  |

| Directors' current accounts | 161,533 |  | 98,547 |  |

| VAT | 300 |  | - |  |

| Prepayments and accrued income | 55,870 |  | 41,055 |  |

288,940 |  | 196,425 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

| £ | £

| Bank loans and overdrafts | 46,934 |  | - |  |

| Hire purchase contracts (see note 9) | 26,207 |  | 22,098 |  |

| Trade creditors | 43,372 |  | 55,702 |  |

| Tax | 138,458 |  | 22,569 |  |

| Social security and other taxes | 3,791 |  | - |  |

| VAT | - |  | 116,028 |  |

| Other creditors | 6,055 |  | 6,664 |  |

| Directors' current accounts | - |  | 1,195 |  |

| Accruals and deferred income | 14,177 |  | 14,177 |  |

278,994 |  | 238,433 |  |

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2024 | 2023 |

| £ | £

| Hire purchase contracts (see note 9) | 151,224 |  | 50,899 |  |

9. | LEASING AGREEMENTS

| Minimum lease payments fall due as follows:

| Hire purchase contracts |

2024 | 2023 |

| £ | £

| Net obligations repayable:

| Within one year | 26,207 |  | 22,098 |  |

| Between one and five years | 151,224 |  | 50,899 |  |

177,431 |  | 72,997 |  |

Richard Kendall Estate Agent Limited (Registered number: 08656163)

Notes to the Financial Statements - continued

for the year ended 30 September 2024

9. | LEASING AGREEMENTS - continued

Non-cancellable |

operating leases |

2024 | 2023 |

| £ | £

| Within one year | 65,716 |  | 69,287 |  |

| Between one and five years | 72,642 |  | 145,857 |  |

| In more than five years | - |  | 2,500 |  |

138,358 |  | 217,644 |  |

10. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to directors subsisted during the years ended 30 September 2024 and 30 September 2023:

2024 | 2023 |

| £ | £

| Mrs C V Boswell

| Balance outstanding at start of year | 52,887 |  | - |  |

| Amounts advanced | 158,018 |  | 189,958 |  |

| Amounts repaid | (142,643 | ) | (137,071 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 68,262 |  | 52,887 |  |

| Mr S J Kendall

| Balance outstanding at start of year | 45,660 |  | - |  |

| Amounts advanced | 152,596 |  | 181,354 |  |

| Amounts repaid | (143,133 | ) | (135,694 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 55,123 |  | 45,660 |  |

| R Kendall (Deceased)

| Balance outstanding at start of year | - |  | - |  |

| Amounts advanced | - |  | 58,742 |  |

| Amounts repaid | - |  | (58,742 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | - |  | - |  |

Richard Kendall Estate Agent Limited (Registered number: 08656163)

Notes to the Financial Statements - continued

for the year ended 30 September 2024

10. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

| Mrs J A Kendall

| Balance outstanding at start of year | - |  | - |  |

| Amounts advanced | 105,207 |  | 54,162 |  |

| Amounts repaid | (67,059 | ) | (54,162 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 38,148 |  | - |  |

11. | RELATED PARTY DISCLOSURES

| During the year, total dividends of £320,000 (2023 - £330,000) were paid to the directors .