REGISTERED NUMBER: 04853264 (England and Wales)

Hodsons Estate Agents (Wakefield)

Limited

Financial Statements

for the Year Ended 31 December 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr R P Hodson

Mrs S A Hodson

Mr J A Clarke

Mr S B Benev

Mrs L Baker

SECRETARY:

Mrs S A Hodson

REGISTERED OFFICE:

37 - 39 George Street

Wakefield

West Yorkshire

WF1 1LX

REGISTERED NUMBER:

04853264 (England and Wales)

ACCOUNTANTS:

SMH Jolliffe Cork Ltd

Accountants & Business Advisors

33 George Street

Wakefield

West Yorkshire

WF1 1LX

FIXED ASSETS

Intangible assets

4

337,211

52,000

Tangible assets

5

3,154

2,046

340,365

54,046

CURRENT ASSETS

Debtors

6

5,241

1,947

Cash at bank

100,681

61,489

105,922

63,436

CREDITORS

Amounts falling due within one year

7

327,637

46,460

NET CURRENT (LIABILITIES)/ASSETS

(221,715

)

16,976

TOTAL ASSETS LESS CURRENT LIABILITIES

118,650

71,022

PROVISIONS FOR LIABILITIES

789

-

NET ASSETS

117,861

71,022

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

117,761

70,922

SHAREHOLDERS' FUNDS

117,861

71,022

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 12 September 2025 and were signed on its behalf by:

Mr S B Benev - Director

1.	STATUTORY INFORMATION

Hodsons Estate Agents (Wakefield) 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 company's functional and presentation currency 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 amounts for services, excluding value added tax.

Goodwill and other intangible assets

Goodwill relates to a number of business acquisitions, which are being amortised evenly over their individual estimated useful lives as follows:

A business acquired in 2002, which is now fully amortised.

A business acquisition in 2023, which is being amortised over 5 years.

The business acquired in the year, which is to be amortised over 10 years.

Goodwill is initially measured at cost. After initial recognition, goodwill is measured at cost less any accumulated amortisation and any accumulated impairment losses.

Other intangible assets relates to amounts paid for the benefit of the client contracts acquired from the business purchased in the year, and is being amortised over 10 years.

Other intangible assets are initially measured at cost. After initial recognition, these 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.

Fixtures and fittings

-

20% on cost

Computer equipment

-

33% on cost

Tangible fixed assets are initially recorded at cost.

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

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 8 (2023 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1 January 2024

208,347

-

208,347

Additions

55,807

269,997

325,804

At 31 December 2024

264,154

269,997

534,151

AMORTISATION

At 1 January 2024

156,347

-

156,347

Amortisation for year

18,093

22,500

40,593

At 31 December 2024

174,440

22,500

196,940

NET BOOK VALUE

At 31 December 2024

89,714

247,497

337,211

At 31 December 2023

52,000

-

52,000

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2024

16,901

15,630

32,531

Additions

674

1,726

2,400

At 31 December 2024

17,575

17,356

34,931

DEPRECIATION

At 1 January 2024

16,527

13,958

30,485

Charge for year

533

759

1,292

At 31 December 2024

17,060

14,717

31,777

NET BOOK VALUE

At 31 December 2024

515

2,639

3,154

At 31 December 2023

374

1,672

2,046

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

4,430

180

Deferred tax asset

-

1,164

Prepayments and accrued income

811

603

5,241

1,947

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

7,248

4,857

Amounts owed to group undertakings

11,667

11,667

Tax

23,983

-

Social security and other taxes

13,434

10,963

VAT

33,065

15,353

Other creditors

1,156

-

Directors' current accounts

234,500

-

Accruals and deferred income

2,584

3,620

327,637

46,460

8.	LEASING AGREEMENTS

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

2024

2023

£

£

Within one year

3,329

3,329

Between one and five years

1,664

4,993

4,993

8,322

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary

£1

100

100

10.	RELATED PARTY DISCLOSURES