Company No: 04998545 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	Mr Colin Bury
	Mr Jonathan Parkinson
	Mrs Christine Smith

REGISTERED OFFICE	7 St James Street
	Accrington
	BB1 1NE
	United Kingdom

COMPANY NUMBER

04998545 (England and Wales)

CHARTERED ACCOUNTANTS	PM+M Solutions for Business LLP
	New Century House
	Greenbank Technology Park
	Challenge Way
	Blackburn
	BB1 5QB

	Note	2024		2023
		£		£
Fixed assets
Tangible assets	4	208,944		212,441
		208,944		212,441
Current assets
Debtors	5	289,566		197,171
		289,566		197,171
Creditors: amounts falling due within one year	6	( 328,659)		( 411,211)
Net current liabilities		(39,093)		(214,040)
Total assets less current liabilities		169,851		(1,599)
Creditors: amounts falling due after more than one year	7	( 223,102)		( 135,459)
Provision for liabilities		( 7,532)		( 9,420)
Net liabilities		( 60,783)		( 146,478)
Capital and reserves
Called-up share capital		100		100
Revaluation reserve		3,729		3,729
Profit and loss account		( 64,612 )		( 150,307 )
Total shareholders' deficit		( 60,783)		( 146,478)

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Duckworths Estate Agents Limited (registered number: 04998545) were approved and authorised for issue by the Board of Directors on 23 September 2025. They were signed on its behalf by:

Mr Jonathan Parkinson Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Duckworths Estate Agents Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 7 St James Street, Accrington, BB1 1NE, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill

5 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings	not depreciated
Vehicles	20 % reducing balance
Office equipment	15 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	14		15

3. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 January 2024	61,785		61,785
Disposals	( 61,785)		( 61,785)
At 31 December 2024	0		0
Accumulated amortisation
At 01 January 2024	61,785		61,785
Disposals	( 61,785)		( 61,785)
At 31 December 2024	0		0
Net book value
At 31 December 2024	0		0
At 31 December 2023	0		0

4. Tangible assets

	Land and buildings		Vehicles		Office equipment		Total
	£		£		£		£
Cost
At 01 January 2024	185,000		6,446		106,474		297,920
Additions	0		0		918		918
At 31 December 2024	185,000		6,446		107,392		298,838
Accumulated depreciation
At 01 January 2024	0		1,375		84,104		85,479
Charge for the financial year	0		1,014		3,401		4,415
At 31 December 2024	0		2,389		87,505		89,894
Net book value
At 31 December 2024	185,000		4,057		19,887		208,944
At 31 December 2023	185,000		5,071		22,370		212,441

5. Debtors

	2024		2023
	£		£
Trade debtors	50,474		24,319
Amounts owed by Group undertakings	0		16,864
Amounts owed by related parties	103,601		6,725
Other debtors	135,491		149,263
	289,566		197,171

6. Creditors: amounts falling due within one year

	2024		2023
	£		£
Bank loans and overdrafts	68,021		58,168
Trade creditors	41,636		53,608
Amounts owed to related parties	50,093		23,524
Taxation and social security	153,258		200,222
Other creditors	15,651		75,689
	328,659		411,211

7. Creditors: amounts falling due after more than one year

	2024		2023
	£		£
Bank loans (secured)	123,002		135,459
Other creditors	100,100		0
	223,102		135,459

Bank borrowings totalling £144,284 (2023 - £155,180) are secured by a legal mortgage with Together Commercial Finance Limited against the property and assets of the company and a debenture with HSBC Bank PLC, including a fixed and floating charge.

8. Financial commitments

Commitments

	2024		2023
	£		£
Total future minimum lease payments under non-cancellable operating lease	8,522		15,524

9. Related party transactions

Transactions with the entity's directors

	2024		2023
	£		£
Mr Colin Bury	25,662		27,718
Mrs Christine Smith	13,000		12,748
Mr Jonathan Parkinson	39,632		38,986

At the balance sheet date, amounts owed by the directors totalled £78,294 (2023: £79,452). These balances include interest and are repayable on demand.

Other related party transactions

At the balance sheet date, amounts owed by related parties totaled £53,508 (2023: £6,660 owed to related parties). These balances are interest free and are repayable on demand.

10. Ultimate controlling party

Parent Company:

Columbus Mallory Best Limited

7 St. James Street, Accrington, Lancashire, BB5 1NE