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REGISTERED NUMBER: 09758531 (England and Wales)















Laurels Estate Agents Limited

Unaudited Financial Statements

for the Year Ended 30 September 2024






Laurels Estate Agents Limited (Registered number: 09758531)

Contents of the Financial Statements
for the year ended 30 September 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Laurels Estate Agents Limited

Company Information
for the year ended 30 September 2024







Director: R J Muat





Registered office: 6 Flitcroft Street
London
WC2H 8DJ





Registered number: 09758531 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

Laurels Estate Agents Limited (Registered number: 09758531)

Balance Sheet
30 September 2024

2024 2023
Notes £ £ £ £
Fixed assets
Intangible assets 4 8,700 11,600
Tangible assets 5 23,794 27,560
Investments 6 - 29
32,494 39,189

Current assets
Debtors 7 119,936 293,719
Cash at bank 42 6,715
119,978 300,434
Creditors
Amounts falling due within one year 8 706,580 668,092
Net current liabilities (586,602 ) (367,658 )
Total assets less current liabilities (554,108 ) (328,469 )

Creditors
Amounts falling due after more than one
year

9

48,969

81,315
Net liabilities (603,077 ) (409,784 )

Capital and reserves
Called up share capital 10 100 100
Retained earnings 11 (603,177 ) (409,884 )
Shareholders' funds (603,077 ) (409,784 )

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 director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 June 2025 and were signed by:



R J Muat - Director


Laurels Estate Agents Limited (Registered number: 09758531)

Notes to the Financial Statements
for the year ended 30 September 2024


1. Statutory information

Laurels Estate Agents 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.

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.

Going Concern
The financial statements have been prepared on a going concern basis. The directors have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents amounts receivable for services provided in the year and is stated net of VAT.

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.

Computer software is being amortised evenly over its estimated useful life of four years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 25% on reducing balance
Plant and machinery - 33% on reducing balance
Fixtures and fittings - 33% on reducing balance
Computer equipment - 33% on reducing balance

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 18 (2023 - 24 ) .

Laurels Estate Agents Limited (Registered number: 09758531)

Notes to the Financial Statements - continued
for the year ended 30 September 2024


4. Intangible fixed assets
Computer
software
£
Cost
At 1 October 2023
and 30 September 2024 11,600
Amortisation
Amortisation for year 2,900
At 30 September 2024 2,900
Net book value
At 30 September 2024 8,700
At 30 September 2023 11,600

5. Tangible fixed assets
Fixtures
Improvements Plant and and Computer
to property machinery fittings equipment Totals
£ £ £ £ £
Cost
At 1 October 2023 31,214 18,595 4,433 27,882 82,124
Additions - - 5,193 1,293 6,486
At 30 September 2024 31,214 18,595 9,626 29,175 88,610
Depreciation
At 1 October 2023 18,045 13,907 3,622 18,990 54,564
Charge for year 3,293 1,562 2,001 3,396 10,252
At 30 September 2024 21,338 15,469 5,623 22,386 64,816
Net book value
At 30 September 2024 9,876 3,126 4,003 6,789 23,794
At 30 September 2023 13,169 4,688 811 8,892 27,560

6. Fixed asset investments
Other
investments
£
Cost
At 1 October 2023 29
Disposals (29 )
At 30 September 2024 -
Net book value
At 30 September 2024 -
At 30 September 2023 29

Laurels Estate Agents Limited (Registered number: 09758531)

Notes to the Financial Statements - continued
for the year ended 30 September 2024


7. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 35,238 218,085
Other debtors 84,698 75,634
119,936 293,719

8. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 31,954 53,742
Taxation and social security 273,619 429,958
Other creditors 401,007 184,392
706,580 668,092

9. Creditors: amounts falling due after more than one year
2024 2023
£ £
Other creditors 48,969 81,315

10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
80 Ordinary A 1 80 80
20 Ordinary B 1 20 20
100 100

11. Reserves
Retained
earnings
£

At 1 October 2023 (409,884 )
Deficit for the year (193,293 )
At 30 September 2024 (603,177 )

12. Director's advances, credits and guarantees

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

2024 2023
£ £
R J Muat
Balance outstanding at start of year 34,769 20,031
Amounts advanced 41,255 95,638
Amounts repaid (191,244 ) (80,900 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (115,220 ) 34,769

Laurels Estate Agents Limited (Registered number: 09758531)

Notes to the Financial Statements - continued
for the year ended 30 September 2024


13. Related party disclosures

Within other creditors is £334,995 (2023: £23,766) owed to shareholders.