REGISTERED NUMBER: 08439910 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 April 2025

for

David James Estate Agents Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J Roys

D J Radford

Mrs R J Roys

REGISTERED OFFICE:

45B Plains Road

Mapperley

Nottingham

Nottinghamshire

NG3 5JU

REGISTERED NUMBER:

08439910 (England and Wales)

ACCOUNTANTS:

Clayton & Brewill

Chartered Accountants

Cawley House

149-155 Canal Street

Nottingham

Nottinghamshire

NG1 7HR

FIXED ASSETS

Intangible assets

4

169,996

226,663

Property, plant and equipment

5

212,711

344,238

382,707

570,901

CURRENT ASSETS

Debtors

262,675

69,351

Prepayments and accrued income

13,942

16,612

Cash at bank and in hand

636,765

275,724

913,382

361,687

CREDITORS

Amounts falling due within one year

245,190

133,677

NET CURRENT ASSETS

668,192

228,010

TOTAL ASSETS LESS CURRENT LIABILITIES

1,050,899

798,911

PROVISIONS FOR LIABILITIES

(35,635

)

(17,500

)

ACCRUALS AND DEFERRED INCOME

(1,865

)

(1,750

)

NET ASSETS

1,013,399

779,661

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

1,013,299

779,561

SHAREHOLDERS' FUNDS

1,013,399

779,661

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 April 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 23 September 2025 and were signed on its behalf by:

D J Radford - Director

J Roys - Director

1.	STATUTORY INFORMATION

David James 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

Revenue 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 2013, 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

-

2% of cost or valuation

Improvements to property

-

2% of cost or valuation

Office equipment

-

25% per annum straight line

Fixtures and fittings

-

20% on 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 23 (2024 - 24 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 May 2024

and 30 April 2025

850,000

AMORTISATION

At 1 May 2024

623,337

Amortisation for year

56,667

At 30 April 2025

680,004

NET BOOK VALUE

At 30 April 2025

169,996

At 30 April 2024

226,663

5.	PROPERTY, PLANT AND EQUIPMENT

Totals

£

COST

At 1 May 2024

427,273

Additions

191,615

Disposals

(289,913

)

At 30 April 2025

328,975

DEPRECIATION

At 1 May 2024

83,035

Charge for year

50,624

Eliminated on disposal

(17,395

)

At 30 April 2025

116,264

NET BOOK VALUE

At 30 April 2025

212,711

At 30 April 2024

344,238

6.	LEASING AGREEMENTS

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

2025

2024

£

£

Within one year

65,264

20,205

Between one and five years

165,069

27,177

230,333

47,382

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

8.	CAPITAL COMMITMENTS

2025

2024

£

£

Contracted but not provided for in the

financial statements

125,046

-