ACCOUNTS - Final Accounts preparation

Company registration number: 04999783

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 DECEMBER 2024

	MATTHEW JAMES ESTATE AGENTS LIMITED


MATTHEW JAMES ESTATE AGENTS LIMITED

COMPANY INFORMATION

Directors	M Gill
	J Batty


Company secretary	M Gill


Registered number	04999783


Registered office	St James House
	St James Road
	Surbiton
	Surrey
	KT6 4QH


Accountants	Menzies LLP
	Chartered Accountants
	Ashcombe House
	5 The Crescent
	Leatherhead
	Surrey
	KT22 8DY


MATTHEW JAMES ESTATE AGENTS LIMITED

CONTENTS

	Page
Statement of Financial Position	1 - 2
Notes to the Financial Statements	3 - 6


MATTHEW JAMES ESTATE AGENTS LIMITED REGISTERED NUMBER:04999783

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£

Fixed assets
Tangible assets	4		1,675		2,888
Investments	5		15,265		15,265
			16,940		18,153
Current assets
Debtors: amounts falling due within one year	6	42,352		29,194
Cash at bank and in hand		389,065		340,209
		431,417		369,403
Creditors: amounts falling due within one year	7	(58,786)		(45,645)
Net current assets			372,631		323,758
Total assets less current liabilities			389,571		341,911
Creditors: amounts falling due after more than one year	8		(100,000)		(100,000)
Provisions for liabilities
Deferred tax		(419)		-
			(419)		-
Net assets			289,152		241,911

Capital and reserves
Allotted, called up and fully paid share capital	4	4
Profit and loss account	289,148	241,907
	289,152	241,911

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

Page 1


MATTHEW JAMES ESTATE AGENTS LIMITED REGISTERED NUMBER:04999783

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 DECEMBER 2024

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

J Batty	M Gill
Director	Director

Date: 2 September 2025	Date:2 September 2025

The notes on pages 3 to 6 form part of these financial statements.

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MATTHEW JAMES ESTATE AGENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

The company is a private company limited by shares and incorporated in England and Wales. The address of the registered office is disclosed on the company information. The registered office is also the trading address of the company.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Exemption from preparing consolidated financial statements

The company, and the group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and group are considered eligible for the exemption to prepare consolidated accounts.

2.3

Revenue

Revenue represents amounts receivable for services provided during the year in the normal course of
business, net of VAT and other related taxes.
Revenue is recognised on sales completed during the year.

2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

The estimated useful lives range as follows:

				Fixtures and fittings	-	5	years straight line
				Equipment	-	3	years straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.5

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

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MATTHEW JAMES ESTATE AGENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.6

Operating leases: the company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

2.7

Pensions

Defined contribution pension plan

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 no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

2.8

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.

Increases in provisions are generally charged as an expense to profit or loss.

Employees

The average monthly number of employees, including directors, during the year was 5 (2023 - 5).

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MATTHEW JAMES ESTATE AGENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

4.	Tangible fixed assets

	Fixtures and fittings	Equipment	Total
	£	£	£
Cost or valuation
At 1 January 2024	52,738	50,360	103,098
At 31 December 2024	52,738	50,360	103,098
Depreciation
At 1 January 2024	51,512	48,698	100,210
Charge for year	267	946	1,213
At 31 December 2024	51,779	49,644	101,423
Net book value
At 31 December 2024	959	716	1,675
At 31 December 2023	1,226	1,662	2,888

5.	Investments

		Investments in subsidiary company
		£
	Cost or valuation
	At 1 January 2024	15,265
	At 31 December 2024	15,265

Debtors

					2024	2023
					£	£


Trade debtors	12,262	-
Amounts owed by group undertakings	17,723	18,189
Prepayments and accrued income	12,367	11,005
	42,352	29,194

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MATTHEW JAMES ESTATE AGENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

7.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Trade creditors	4,576	3,038
Corporation tax	13,048	10,436
Other taxation and social security	31,544	22,799
Other creditors	462	462
Accruals and deferred income	9,156	8,910
	58,786	45,645

8.	Creditors: Amounts falling due after more than one year
		2024	2023
		£	£

Other creditors	100,000	100,000
	100,000	100,000

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