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Registered Number: 08767223
England and Wales

 

 

 

GENESIS ESTATE AGENTS LIMITED



Unaudited Financial Statements
 


Period of accounts

Start date: 01 December 2023

End date: 31 December 2024

Genesis Estate Agents Limited
Contents Page
For the Period 01 December 2023 to 31 December 2024
Director Eleazer Jegede
Registered Number 08767223
Registered Office Fifth Floor
Suite 23, 63/66 Hatton Garden
London
EC1N 8LE
Accountants Smith & Johnson Limited
7 Bell Yard
London
WC2A 2JR
1
Director's report and financial statements
The director presents his/her/their annual report and the financial statements for the year ended 31 December 2024.
Director
The director who served the company throughout the period was as follows:
Eleazer Jegede
Statement of director's responsibilities
The director is responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.

In preparing these financial statements, the director is required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The director is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

On behalf of the board.


----------------------------------
Eleazer Jegede
Director

Date approved: 26 September 2025
2
 
 		 Notes
 		 2024
£		   2023
£
Fixed assets      
Tangible fixed assets 3 450    667 
450    667 
Current assets      
Debtors 4 37,818    23,618 
Creditors: amount falling due within one year 5 (19,911)   (18,301)
Net current assets 17,907    5,317 
 
Total assets less current liabilities 18,357    5,984 
Creditors: amount falling due after more than one year 6 (6,323)   (6,323)
Net assets 12,034    (339)
 

Capital and reserves 		     
Called up share capital 1    1 
Profit and loss account 12,033    (340)
Shareholders' funds 12,034    (339)
 


For the period ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 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. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 26 September 2025 and were signed by:


-------------------------------
Eleazer Jegede
Director
3
General Information
Genesis Estate Agents Limited is a private company, limited by shares, registered in England and Wales, registration number 08767223, registration address Fifth Floor, Suite 23, 63/66 Hatton Garden, London, EC1N 8LE.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 5 Straight Line
Computer Equipment 25% Reducing Balance
2.

Average number of employees

Average number of employees during the period was 1 (2023 : 1).
3.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Computer Equipment   Total
  £   £   £
At 01 December 2023 1,000    2,211    3,211 
Additions -    -    - 
Disposals -    -    - 
At 31 December 2024 1,000    2,211    3,211 
Depreciation
At 01 December 2023 333    2,211    2,544 
Charge for period 217    -    217 
On disposals -    -    - 
At 31 December 2024 550    2,211    2,761 
Net book values
Closing balance as at 31 December 2024 450    -    450 
Opening balance as at 01 December 2023 667    -    667 


4.

Debtors: amounts falling due within one year

2024
£		   2023
£
Other Debtors 37,818    23,618 
37,818    23,618 

5.

Creditors: amount falling due within one year

2024
£		   2023
£
Corporation Tax 2,953    1,343 
Accrued Expenses 300    300 
Other Creditors 16,658    16,658 
19,911    18,301 

6.

Creditors: amount falling due after more than one year

2024
£		   2023
£
Directors' Loan Accounts 6,323    6,323 
6,323    6,323 

7.

Related Party Transactions

In accordance with the exemption permitted by paragraph 33.1A of FRS 102, the company has not disclosed transactions entered into with wholly owned subsidiaries or its parent company.

There were no other related party transactions requiring disclosure during the year (2023: none).
4