REGISTERED NUMBER: 05825625 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

HOOLE ESTATE AGENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J E Hoole

REGISTERED OFFICE:

214 Dyke Road

Brighton

East Sussex

BN1 5AA

REGISTERED NUMBER:

05825625 (England and Wales)

ACCOUNTANTS:

Hartley Fowler LLP

Chartered Accountants

Pavilion View

19 New Road

Brighton

East Sussex

BN1 1EY

FIXED ASSETS

Tangible assets

4

3,402

1,706

Investments

5

2,000

2,000

5,402

3,706

CURRENT ASSETS

Debtors

6

9,476

27,911

Cash at bank

116,305

76,956

125,781

104,867

CREDITORS

Amounts falling due within one year

7

19,567

18,972

NET CURRENT ASSETS

106,214

85,895

TOTAL ASSETS LESS CURRENT LIABILITIES

111,616

89,601

PROVISIONS FOR LIABILITIES

9

664

324

NET ASSETS

110,952

89,277

CAPITAL AND RESERVES

Called up share capital

10

2

2

Retained earnings

110,950

89,275

SHAREHOLDERS' FUNDS

110,952

89,277

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 25 September 2025 and were signed by:

J E Hoole - Director

1.	STATUTORY INFORMATION

Hoole 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.

The presentation 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

Revenue is measured at fair value of the consideration received or receivable. Revenue represents commissions receivable from selling houses and commissions from financial services provided.

Revenue from commissions on the sale of properties on completion and revenue from other services are recognised when the service has been performed.

Tangible fixed assets

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

Improvements to property

-

10% to 25% on cost

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivables or payables within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Investments

Fixed asset investments are valued at the lower of cost and net realisable value. Current asset investments are measured at fair value. Fair value is deemed to be the market price, recognised from the relevant stock market, as at the year end.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Computer

property

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2024

21,638

15,997

14,142

51,777

Additions

-

-

2,793

2,793

Disposals

-

-

(2,200

)

(2,200

)

At 31 December 2024

21,638

15,997

14,735

52,370

DEPRECIATION

At 1 January 2024

21,638

15,659

12,774

50,071

Charge for year

-

86

770

856

Eliminated on disposal

-

-

(1,959

)

(1,959

)

At 31 December 2024

21,638

15,745

11,585

48,968

NET BOOK VALUE

At 31 December 2024

-

252

3,150

3,402

At 31 December 2023

-

338

1,368

1,706

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2024

and 31 December 2024

2,000

NET BOOK VALUE

At 31 December 2024

2,000

At 31 December 2023

2,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

as restated

£

£

Trade debtors

372

7,302

Other debtors

9,104

20,609

9,476

27,911

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

as restated

£

£

Trade creditors

3,465

2,216

Taxation and social security

11,690

12,791

Other creditors

4,412

3,965

19,567

18,972

8.	LEASING AGREEMENTS

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

2024

2023

as restated

£

£

Within one year

10,046

14,148

Between one and five years

4,555

14,655

14,601

28,803

9.	PROVISIONS FOR LIABILITIES

2024

2023

as restated

£

£

Deferred tax

664

324

Deferred

tax

£

Balance at 1 January 2024

324

Charge to Income Statement during year

340

Balance at 31 December 2024

664

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

as restated

£

£

2

Ordinary

£1

2

2