Frost & Co Estate Agents Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 04360969 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

FROST & CO ESTATE AGENTS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTOR:

P A Johnson

SECRETARY:

P A Johnson

REGISTERED OFFICE:

20 Poole Hill

Bournemouth

Dorset

BH2 5PS

REGISTERED NUMBER:

04360969 (England and Wales)

ACCOUNTANTS:

Carter & Coley

Chartered Accountants

3 Durrant Road

Bournemouth

Dorset

BH2 6NE

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

2,458

2,526

2,458

2,526

CURRENT ASSETS

Debtors

6

170,769

193,243

Cash at bank and in hand

13,489

52,630

184,258

245,873

CREDITORS

Amounts falling due within one year

7

38,653

62,412

NET CURRENT ASSETS

145,605

183,461

TOTAL ASSETS LESS CURRENT
LIABILITIES

148,063

185,987

CREDITORS

Amounts falling due after more than one
year

8

(3,312

)

(13,228

)

PROVISIONS FOR LIABILITIES

(615

)

(632

)

NET ASSETS

144,136

172,127

CAPITAL AND RESERVES

Called up share capital

1,000

Retained earnings

143,136

171,127

SHAREHOLDERS' FUNDS

144,136

172,127

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 September 2025 and were signed by:

P A Johnson - Director

1.	STATUTORY INFORMATION

Frost & Co Estate Agents Ltd 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 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

Turnover represents commissions receivable during the year, exclusive of Value Added Tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

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

Short leasehold

-

10% on cost

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

Straight line over 3 years

Fixed asset are initially included at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Fixed asset investments

Fixed asset investments are recognised at cost less provisions for impairment.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

Website

Totals

£

COST

At 1 March 2024

and 28 February 2025

90,000

1,000

91,000

AMORTISATION

At 1 March 2024

and 28 February 2025

90,000

1,000

91,000

NET BOOK VALUE

At 28 February 2025

-

At 29 February 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Short

and

Computer

leasehold

fittings

equipment

Totals

£

COST

At 1 March 2024

14,719

63,890

2,409

81,018

Additions

-

956

At 28 February 2025

14,719

63,890

3,365

81,974

DEPRECIATION

At 1 March 2024

14,719

61,659

2,114

78,492

Charge for year

-

558

466

1,024

At 28 February 2025

14,719

62,217

2,580

79,516

NET BOOK VALUE

At 28 February 2025

-

1,673

785

2,458

At 29 February 2024

-

2,231

295

2,526

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

9,810

10,548

Amounts owed by participating interests

147,356

-

Other debtors

13,603

182,695

170,769

193,243

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

9,916

9,667

Amounts owed to participating interests

2,078

-

Taxation and social security

3,529

29,613

Other creditors

23,130

23,132

38,653

62,412

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

2025

2024

£

Bank loans

3,312

13,228

9.	RELATED PARTY DISCLOSURES

TRANSACTIONS WITH COMPANIES UNDER COMMON OWNERSHIP

Non interest bearing loans on which no terms of repayment have been agreed. The amount due from companies under common control at the balance sheet date amounted to £NIL (2024 - £177,620). The amount due to companies under common ownership amounted to £15,924 (2024 - £15,924).

TRANSACTIONS WITH PARTICIPATING INTERESTS

Non interest bearing loans on which no terms of repayment have been agreed. The amount due from participating interests at the balance sheet date amounted to £147,356 (2024 - £NIL). The amount due to participating interests amounted to £2,078 (2024 - £NIL).

The following reproduces the text of the report prepared for the director 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 Director 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 Frost & Co Estate Agents Ltd for the year ended 28 February 2025 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 director of Frost & Co Estate Agents Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Frost & Co Estate Agents Ltd and state those matters that we have agreed to state to the director of Frost & Co Estate Agents Ltd 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 Frost & Co Estate Agents Ltd and its director for our work or for this report.

It is your duty to ensure that Frost & Co Estate Agents Ltd 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 loss of Frost & Co Estate Agents Ltd. You consider that Frost & Co Estate Agents Ltd 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 Frost & Co Estate Agents Ltd. 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.

Carter & Coley

Chartered Accountants

3 Durrant Road

Bournemouth

Dorset

BH2 6NE

22 September 2025