Registration number: 06504651

Seymours Estate Agents (Guildford) Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 8

Seymours Estate Agents (Guildford) Limited

Company Information

Directors

C B Holden GB Ferrucci F Orlando

Registered office

Maria House 35 Millers Road Brighton BN1 5NP

Accountants

Chisnall Comer Ismail and Co Chartered AccountantsMaria House 35 Millers Road Brighton BN1 5NP

Seymours Estate Agents (Guildford) Limited

(Registration number: 06504651)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	13,825	7,465
Current assets
Debtors	5	137,386	138,151
Cash at bank and in hand		176,629	112,912
		314,015	251,063
Creditors: Amounts falling due within one year	6	(246,282)	(282,663)
Net current assets/(liabilities)		67,733	(31,600)
Total assets less current liabilities		81,558	(24,135)
Creditors: Amounts falling due after more than one year	6	(4,167)	(14,167)
Provisions for liabilities	8	(3,456)	(1,866)
Net assets/(liabilities)		73,935	(40,168)
Capital and reserves
Called up share capital	9	106	106
Retained earnings		73,829	(40,274)
Shareholders' funds/(deficit)		73,935	(40,168)

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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Seymours Estate Agents (Guildford) Limited

(Registration number: 06504651)
Balance Sheet as at 31 December 2024

Approved and authorised by the Board on 26 September 2025 and signed on its behalf by:



 

.........................................

F Orlando

Director

Seymours Estate Agents (Guildford) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Maria House
35 Millers Road
Brighton
BN1 5NP

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of estate agent services. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Seymours Estate Agents (Guildford) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Improvements to property	20% Straight line
Office equipment	20% Straight line

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Seymours Estate Agents (Guildford) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 17 (2023 - 13).

4	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 January 2024	774	11,241	12,015
Additions	-	9,016	9,016
At 31 December 2024	774	20,257	21,031
Depreciation
At 1 January 2024	189	4,361	4,550
Charge for the year	155	2,501	2,656
At 31 December 2024	344	6,862	7,206
Carrying amount
At 31 December 2024	430	13,395	13,825
At 31 December 2023	585	6,880	7,465

Included within the net book value of land and buildings above is £430 (2023 - £584) in respect of short leasehold land and buildings.
 

5

Debtors

Seymours Estate Agents (Guildford) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Current	2024 £	2023 £
Trade debtors	96,569	112,540
Prepayments	22,732	12,463
Other debtors	18,085	13,148
	137,386	138,151

6

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Loans and borrowings	7	10,000	10,000
Trade creditors		28,136	17,965
Amounts owed to group undertakings and undertakings in which the company has a participating interest		87,168	87,168
Taxation and social security		85,997	37,559
Accruals and deferred income		25,960	29,456
Other creditors		9,021	100,515
		246,282	282,663

Creditors: amounts falling due after more than one year

	Note	2024 £	2023 £
Due after one year
Loans and borrowings	7	4,167	14,167

7	Loans and borrowings

Non-current loans and borrowings

	2024 £	2023 £
Bank borrowings	4,167	14,167

Current loans and borrowings

	2024 £	2023 £
Bank borrowings	10,000	10,000

Seymours Estate Agents (Guildford) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

8	Provisions for liabilities

Deferred tax provisions comprise of:

	2024 £	2023 £	2022 £
Accelerated capital allowances	3,456	1,866	2,450