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REGISTERED NUMBER: 04659531 (England and Wales)















DAVID CLARKE ESTATE AGENTS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






DAVID CLARKE ESTATE AGENTS LIMITED (REGISTERED NUMBER: 04659531)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DAVID CLARKE ESTATE AGENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTOR: Mr P J Clarke





REGISTERED OFFICE: 112 High Street
Herne Bay
Kent
CT6 5JY





REGISTERED NUMBER: 04659531 (England and Wales)





ACCOUNTANTS: Spurling Cannon
King Arthur's Court
Maidstone Road
Charing
Kent
TN27 0JS

DAVID CLARKE ESTATE AGENTS LIMITED (REGISTERED NUMBER: 04659531)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 3,493,786 3,581,620
3,493,786 3,581,620

CURRENT ASSETS
Debtors 6 23,058 14,863
Cash at bank and in hand 780,147 942,338
803,205 957,201
CREDITORS
Amounts falling due within one year 7 (1,278,073 ) (1,695,977 )
NET CURRENT LIABILITIES (474,868 ) (738,776 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,018,918

2,842,844

DAVID CLARKE ESTATE AGENTS LIMITED (REGISTERED NUMBER: 04659531)

BALANCE SHEET - continued
31 DECEMBER 2024

2024 2023
Notes £    £   

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 3,018,916 2,842,842
SHAREHOLDERS' FUNDS 3,018,918 2,842,844

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 August 2025 and were signed by:





Mr P J Clarke - Director


DAVID CLARKE ESTATE AGENTS LIMITED (REGISTERED NUMBER: 04659531)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

David Clarke 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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of fifteen 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.
Freehold property - in accordance with the property
Improvements to property - 10% on cost
Plant and machinery - 25% on reducing balance
Fixture & Fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current 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 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.

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 5 (2023 - 6 ) .

DAVID CLARKE ESTATE AGENTS LIMITED (REGISTERED NUMBER: 04659531)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 95,000
AMORTISATION
At 1 January 2024
and 31 December 2024 95,000
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 -

5. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 January 2024
and 31 December 2024 4,121,959 69,625 650
DEPRECIATION
At 1 January 2024 560,908 65,183 648
Charge for year 82,439 1,361 1
At 31 December 2024 643,347 66,544 649
NET BOOK VALUE
At 31 December 2024 3,478,612 3,081 1
At 31 December 2023 3,561,051 4,442 2

DAVID CLARKE ESTATE AGENTS LIMITED (REGISTERED NUMBER: 04659531)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

5. TANGIBLE FIXED ASSETS - continued

Fixture & Motor Computer
Fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2024
and 31 December 2024 54,483 15,367 22,137 4,284,221
DEPRECIATION
At 1 January 2024 47,892 15,157 12,813 702,601
Charge for year 1,648 53 2,332 87,834
At 31 December 2024 49,540 15,210 15,145 790,435
NET BOOK VALUE
At 31 December 2024 4,943 157 6,992 3,493,786
At 31 December 2023 6,591 210 9,324 3,581,620

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 18,165 13,800
Prepayments 4,893 1,063
23,058 14,863

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 996,360 1,006,360
Corporation Tax 87,940 83,628
Social security and other taxes 6,106 5,968
VAT 27,227 21,161
Sundry creditors 129,904 494,904
Directors' current accounts 26,805 80,341
Accruals and deferred income 310 -
Accrued expenses 3,421 3,615
1,278,073 1,695,977

8. RELATED PARTY DISCLOSURES

At the balance sheet date the company owed:-

To Paul Clarke, the director, £26,805 (2023: £80,341).

DAVID CLARKE ESTATE AGENTS LIMITED (REGISTERED NUMBER: 04659531)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mr P J Clarke.

The company is ultimately controlled by Mr P Clarke, the sole director who holds 100% of the issued share capital of the company.