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REGISTERED NUMBER: 08765186 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

ESTATE RESEARCH LIMITED

ESTATE RESEARCH LIMITED (REGISTERED NUMBER: 08765186)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 November 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


ESTATE RESEARCH LIMITED

COMPANY INFORMATION
for the Year Ended 30 November 2024







DIRECTOR: A Hutchings





REGISTERED OFFICE: 102 Chapel Lane
Wigan
WN3 4HG





REGISTERED NUMBER: 08765186 (England and Wales)





ACCOUNTANTS: Fairhurst Accountants Ltd
Chartered Accountants
Douglas Bank House
Wigan Lane
Wigan
Lancashire
WN1 2TB

ESTATE RESEARCH LIMITED (REGISTERED NUMBER: 08765186)

STATEMENT OF FINANCIAL POSITION
30 November 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,784,034 1,826,292
1,784,034 1,826,292

CURRENT ASSETS
Work in progress 893,000 1,750,000
Debtors 6 1,051,617 883,727
Cash at bank and in hand 2,515,535 2,198,176
4,460,152 4,831,903
CREDITORS
Amounts falling due within one year 7 633,277 738,528
NET CURRENT ASSETS 3,826,875 4,093,375
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,610,909

5,919,667

PROVISIONS FOR LIABILITIES 68,416 79,927
NET ASSETS 5,542,493 5,839,740

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 5,542,491 5,839,738
SHAREHOLDERS' FUNDS 5,542,493 5,839,740

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

ESTATE RESEARCH LIMITED (REGISTERED NUMBER: 08765186)

STATEMENT OF FINANCIAL POSITION - continued
30 November 2024


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 Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 August 2025 and were signed by:





A Hutchings - Director


ESTATE RESEARCH LIMITED (REGISTERED NUMBER: 08765186)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

Estate Research 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 presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

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

The disclosure requirements of section 1a of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The principal accounting policies adopted in the preparation of the financial statements are set out below.

Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided and is shown net of value added tax.

Turnover for the provision of services is recognised at the point that the service is provided.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being 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
Tangible fixed assets are stated cost less accumulated depreciation and impairment losses.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life;

Plant and machinery etc - 25% on reducing balance and 33% straight line
Land and buildings - 2% straight line

Work in progress
Work in progress is valued at the lower of cost and net realisable value.

Financial instruments
The company has elected to apply the provisions of FRS 102 Section 11 'Basic Financial Instruments' to all of its financial instruments.

The following assets and liabilities are classified as financial instruments; bank accounts, trade debtors, directors' loan accounts, trade creditors and accruals.

Financial instruments that are payable or receivable within one year, typically bank accounts, trade debtors, directors' loan accounts, trade creditors and accruals are measured initially and subsequently at the undiscounted amount of the cash or other consideration that is expected to be paid or received.


ESTATE RESEARCH LIMITED (REGISTERED NUMBER: 08765186)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 November 2024

2. ACCOUNTING POLICIES - continued
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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 32 (2023 - 29 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2023
and 30 November 2024 1,750,000
AMORTISATION
At 1 December 2023
and 30 November 2024 1,750,000
NET BOOK VALUE
At 30 November 2024 -
At 30 November 2023 -

ESTATE RESEARCH LIMITED (REGISTERED NUMBER: 08765186)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 November 2024

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 December 2023 1,086,368 1,055,527 2,141,895
Additions - 36,355 36,355
At 30 November 2024 1,086,368 1,091,882 2,178,250
DEPRECIATION
At 1 December 2023 70,346 245,257 315,603
Charge for year 20,440 58,173 78,613
At 30 November 2024 90,786 303,430 394,216
NET BOOK VALUE
At 30 November 2024 995,582 788,452 1,784,034
At 30 November 2023 1,016,022 810,270 1,826,292

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 280,612 223,875
Other debtors 61,454 399,489
342,066 623,364

Amounts falling due after more than one year:
Other debtors 709,551 260,363

Aggregate amounts 1,051,617 883,727

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 268,673 219,809
Taxation and social security 272,795 446,427
Other creditors 91,809 72,292
633,277 738,528

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 70,000 70,000

ESTATE RESEARCH LIMITED (REGISTERED NUMBER: 08765186)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 November 2024

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£    £   
A Hutchings
Balance outstanding at start of year 361,866 233,420
Amounts advanced 296,549 409,712
Amounts repaid (633,253 ) (281,266 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 25,162 361,866

The amount advanced was repaid to the company within nine months of the reporting date. Interest has been charged at the official rate.

10. RELATED PARTY DISCLOSURES

Estate Research PC Limited
A company in which A Hutchings is a director and shareholder.

During the year the company charged Estate Research PC Limited £561,194 (2023: £426,660) in respect of management charges.

The balance due from Estate Research PC Limited at the reporting date was £166,732 (2023: £138,733). This balance is unsecured and there are no fixed repayment terms.

11. POST BALANCE SHEET EVENTS

Since the reporting date dividends of £42,214 (2023: £596,646) have been declared in respect of the company's ordinary share capital.

12. ULTIMATE CONTROLLING PARTY

The controlling party is A Hutchings.