REGISTERED NUMBER: 02829245 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

ELLIOTTS ESTATE AGENCIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

B A Huggins

S Boone

REGISTERED OFFICE:

Preston Park House

South Road

Brighton

East Sussex

BN1 6SB

REGISTERED NUMBER:

02829245 (England and Wales)

ACCOUNTANTS:

Plus Accounting

Chartered Accountants

Preston Park House

South Road

Brighton

East Sussex

BN1 6SB

BANKERS:

HSBC Bank Plc

125 Church Road

Hove

East Sussex

BN3 2AN

FIXED ASSETS

Tangible assets

4

11,798

5,428

CURRENT ASSETS

Debtors

5

27,978

64,249

Cash at bank

21,372

41,866

49,350

106,115

CREDITORS

Amounts falling due within one year

6

(78,751

)

(77,353

)

NET CURRENT (LIABILITIES)/ASSETS

(29,401

)

28,762

TOTAL ASSETS LESS CURRENT LIABILITIES

(17,603

)

34,190

CREDITORS

Amounts falling due after more than one year

7

(4,409

)

(14,806

)

PROVISIONS FOR LIABILITIES

9

(869

)

(1,361

)

NET (LIABILITIES)/ASSETS

(22,881

)

18,023

CAPITAL AND RESERVES

Called up share capital

10

66

66

Capital redemption reserve

34

34

Retained earnings

(22,981

)

17,923

SHAREHOLDERS' FUNDS

(22,881

)

18,023

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 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 3 September 2025 and were signed on its behalf by:

B A Huggins - Director

1.	STATUTORY INFORMATION

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

The presentational 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 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 comprises the fair value of commission received or receivable net of VAT and relevant discounts. Commission is recognised when the sale of a property is completed.

Tangible fixed assets

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

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

Fixtures & equipment

-

10% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Impairment policy

At each balance sheet date, the company reviews the carrying amount of its assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any.

Financial instruments

Financial assets, 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 entity after deducting all of its financial liabilities.

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.

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 plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid, the company has not further payment obligations.

The contributions are recognised as an expense in the Income Statement when they fall due. Amounts not paid are shown in accruals as a liability on the Balance Sheet. The assets of the plan are held separately from the company in independently administered funds.

Government assistance

Included in bank loans is a bounce back loan which is guaranteed by the government. As part of the bounce back loan scheme, the government pays the first year of interest on the loan.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

equipment

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2024

54,172

-

4,496

58,668

Additions

-

8,854

1,347

10,201

At 31 December 2024

54,172

8,854

5,843

68,869

DEPRECIATION

At 1 January 2024

49,495

-

3,745

53,240

Charge for year

672

2,214

945

3,831

At 31 December 2024

50,167

2,214

4,690

57,071

NET BOOK VALUE

At 31 December 2024

4,005

6,640

1,153

11,798

At 31 December 2023

4,677

-

751

5,428

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

9,403

33,768

Other debtors

18,575

30,481

27,978

64,249

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

10,397

10,140

Trade creditors

658

4,854

Taxation and social security

46,449

36,008

Other creditors

21,247

26,351

78,751

77,353

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

4,409

14,806

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

£

Within one year

32,797

46,666

Between one and five years

-

32,797

32,797

79,463

9.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

869

1,361

Deferred tax

£

Balance at 1 January 2024

1,361

Accelerated capital allowances

(492

)

Balance at 31 December 2024

869

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

528

Ordinary B 0.10

10p

53

53

132

Ordinary C 0.10

10p

13

13

66

66

11.	RELATED PARTY DISCLOSURES

The director, B A Huggins, is a director of Elliotts Estate Lettings Ltd. During the year, a management charge of £17,800 was charged by the company to Elliotts Estate Lettings Ltd (2023: £13,333).

12.	UNLAWFUL DISTRIBUTIONS

Under s830 of the Companies Act 2006 a company is prohibited from making a distribution except out of profits available for this purpose. If at the time of the distribution the members know or have reasonable grounds for knowing that a distribution is unlawful they are liable to repay it (or that part of it, as the case may be) to the company in the event of a winding up as stipulated by s847 of the Companies Act 2006.