REGISTERED NUMBER: 10670930 (England and Wales)

SEYMOURS ESTATE AGENTS (RIPLEY) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTORS:

B M Conquer

J J Leonard

R J Stovold

REGISTERED OFFICE:

Ashbourne House

The Guildway

Old Portsmouth Road

Guildford

Surrey

GU3 1LR

REGISTERED NUMBER:

10670930 (England and Wales)

ACCOUNTANTS:

Bessler Hendrie LLP

Chartered Accountants

Ashbourne House

The Guildway

Old Portsmouth Road

Guildford

Surrey

GU3 1LR

FIXED ASSETS

Intangible assets

4

91,250

120,250

Tangible assets

5

4,193

9,209

95,443

129,459

CURRENT ASSETS

Debtors

6

62,936

34,114

Cash at bank and in hand

87,200

56,743

150,136

90,857

CREDITORS

Amounts falling due within one year

7

(111,307

)

(51,652

)

NET CURRENT ASSETS

38,829

39,205

TOTAL ASSETS LESS CURRENT LIABILITIES

134,272

168,664

CREDITORS

Amounts falling due after more than one year

8

(5,000

)

(15,000

)

PROVISIONS FOR LIABILITIES

(570

)

(1,470

)

NET ASSETS

128,702

152,194

CAPITAL AND RESERVES

Called up share capital

102

102

Retained earnings

128,600

152,092

128,702

152,194

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 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.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by:

B M Conquer - Director

R J Stovold - Director

J J Leonard - Director

1.	STATUTORY INFORMATION

Seymours Estate Agents (Ripley) 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. Unless indicated in the accounting policies below, the financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents the fair value of services provided in the ordinary course of the business, excluding Value Added Tax. In the case of property sales, commission receivable is recognised at the date of exchange of properties.

Goodwill

Intangible assets relate to goodwill in connection with the acquisition of the business in 2017. The amount recognised is the excess of the cost of the acquisition over the interest in the net fair value of identifiable assets and liabilities acquired, and is capitalised as an asset on the balance sheet and is recognised as an intangible fixed asset.

Goodwill is amortised over its estimated useful life of 10 years. This length of time is presumed to be the maximum useful life of purchased goodwill because it is difficult to make projections beyond this period. Goodwill is reviewed for impairment at the end of the first full financial year following each acquisition and subsequently as and when necessary if circumstances emerge that the carrying value may not be recoverable.

Intellectual property

Intellectual property assets relate to all intellectual property rights in connection with the business on acquisition. The amount recognised is at cost.

Intellectual property is amortised over its estimated useful life of 10 years. This length of time is presumed to be the maximum useful life of the purchased assets as it is probable that the assets will generate future economic benefits. Intellectual property assets will be reviewed for impairment at the end of the first full financial year following each acquisition and subsequently as and when necessary if circumstances emerge that the carrying value may not be recoverable.

Tangible fixed assets

Tangible assets are stated at cost less accumulated depreciation. Cost includes the original purchase price, costs directly attributable to bringing the asset to its working condition for its intended use.

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

Fixtures, fittings and equipment - 20% on cost

On disposal the difference between net proceeds and the carrying amount of the item sold is recognised in the statement of income and is included in administrative expenses.

Financial instruments

Financial instruments are classified by directors as basic or non-basic following the conditions on FRS 102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest rate method. The company does not have any non-basic financial instruments.

Taxation

Taxation for the year comprises current and deferred tax. Current tax is the amount of corporation tax payable in respect of taxable profit for the year or prior years. Tax is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the year end.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events that result in an obligation to pay more tax in the future or a right to pay less tax in the future have occurred at the balance sheet date. Timing differences are differences between the company's taxable profits and its results as stated in the financial statements.

Deferred tax is measured at the average tax rates that are expected to apply in the periods in which timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantially enacted by the balance sheet date. Deferred tax is measured on a non-discounted basis.

Pension costs

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.

Operating lease commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Intellectual

Goodwill

Property

Totals

£

£

£

COST

At 1 January 2024

and 31 December 2024

279,996

10,004

290,000

AMORTISATION

At 1 January 2024

163,000

6,750

169,750

Amortisation for year

28,000

1,000

29,000

At 31 December 2024

191,000

7,750

198,750

NET BOOK VALUE

At 31 December 2024

88,996

2,254

91,250

At 31 December 2023

116,996

3,254

120,250

5.	TANGIBLE FIXED ASSETS

Fixtures,

fittings

Improvements

and

to property

equipment

Totals

£

£

£

COST

At 1 January 2024

and 31 December 2024

10,091

27,244

37,335

DEPRECIATION

At 1 January 2024

5,909

22,217

28,126

Charge for year

1,728

3,288

5,016

At 31 December 2024

7,637

25,505

33,142

NET BOOK VALUE

At 31 December 2024

2,454

1,739

4,193

At 31 December 2023

4,182

5,027

9,209

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

53,591

183

Other debtors

9,345

33,931

62,936

34,114

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts (see note 9)

10,000

10,000

Trade creditors

7,018

3,889

Taxation and social security

68,207

36,327

Other creditors

26,082

1,436

111,307

51,652

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans (see note 9)

5,000

15,000

The company received a Coronavirus Bounce Back Loan which attracts interest at a fixed rate of 2.5%. A business interruption payment has been made by the government to cover the first 12 months interest payments. There were no capital repayments in the first year and after the first year repayments of capital and interest are being made monthly for a period of 5 years until May 2026. The loan is unsecured.

9.

LOANS

An analysis of the maturity of loans is given below:

2024

2023

£

£

Amounts falling due within one year or on demand:

Bank loans

10,000

10,000

Amounts falling due between one and two years:

Bank loans - 1-2 years

5,000

10,000

Amounts falling due between two and five years:

Bank loans - 2-5 years

-

5,000

10.	LEASING AGREEMENTS

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

2024

2023

£

£

Within one year

17,400

17,400

Between one and five years

15,950

33,350

33,350

50,750

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the directors were advanced £78,395 and repayments totalling £125,536 have been made. At the year end a balance of £21,963 was owed to the directors from the company (2023: £25,178 was owed to the company.) The outstanding balance is repayable on demand and interest has been charged at the appropriate HMRC approved interest rate.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Seymours Estate Agents (Ripley) Limited for the year ended 31 December 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Seymours Estate Agents (Ripley) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Seymours Estate Agents (Ripley) Limited and state those matters that we have agreed to state to the Board of Directors of Seymours Estate Agents (Ripley) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Seymours Estate Agents (Ripley) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Seymours Estate Agents (Ripley) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Seymours Estate Agents (Ripley) Limited. You consider that Seymours Estate Agents (Ripley) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Seymours Estate Agents (Ripley) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

This report should not be regarded as suitable to be used or relied on by any other party wishing to acquire any rights against Bessler Hendrie LLP for any purpose or in any context. Any party, other than the Director, who obtain access to this report or a copy chooses to rely on this report (or any part of it) will do so at its own risk.

Bessler Hendrie LLP

Chartered Accountants

Ashbourne House

The Guildway

Old Portsmouth Road

Guildford

Surrey

GU3 1LR

29 September 2025