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Company Registration No. 06356199 (England and Wales)
In House Estateagents Ltd Unaudited accounts for the year ended 31 March 2025
In House Estateagents Ltd Unaudited accounts Contents
Page
Statement of financial position
3
Notes to the accounts
4
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In House Estateagents Ltd Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
10,103
11,415
Current assets
Debtors
5
31,009
23,377
Cash at bank and in hand
450,664
333,929
481,673
357,306
Creditors: amounts falling due within one year
6
(102,712)
(58,015)
Net current assets
378,961
299,291
Total assets less current liabilities
389,064
310,706
Provisions for liabilities
Deferred tax
(2,526)
(2,854)
Net assets
386,538
307,852
Capital and reserves
Called up share capital
95
95
Profit and loss account
386,443
307,757
Shareholders' funds
386,538
307,852
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 14 October 2025 and were signed on its behalf by
S Puddifoot Director Company Registration No. 06356199
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In House Estateagents Ltd Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
In House Estateagents Ltd is a private company, limited by shares, registered in England and Wales, registration number 06356199. The registered office is 28 St. Martins Street, Wallingford, OX10 0AL.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
25% straight line
Plant & machinery
15% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
15% reducing balance
Computer equipment
33% straight line
Deferred taxation
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 accounts. 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.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Leases
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
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In House Estateagents Ltd Notes to the Accounts for the year ended 31 March 2025
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
£
£
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 April 2024
2,222
2,254
6,973
28,788
29,077
69,314
Additions
-
1,227
-
1,337
-
2,564
At 31 March 2025
2,222
3,481
6,973
30,125
29,077
71,878
Depreciation
At 1 April 2024
1,668
1,585
6,378
22,312
25,956
57,899
Charge for the year
554
177
149
1,055
1,941
3,876
At 31 March 2025
2,222
1,762
6,527
23,367
27,897
61,775
Net book value
At 31 March 2025
-
1,719
446
6,758
1,180
10,103
At 31 March 2024
554
669
595
6,476
3,121
11,415
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
22,807
14,207
Accrued income and prepayments
8,202
9,170
31,009
23,377
6
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
29,956
18,458
Trade creditors
4,445
5,263
Taxes and social security
37,235
6,283
Other creditors
23,587
22,799
Loans from directors
3,049
3,077
Accruals
4,440
2,135
102,712
58,015
7
Operating lease commitments
2025
2024
£
£
At 31 March 2025 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
38,586
22,500
Later than one year and not later than five years
41,135
42,188
79,721
64,688
8
Average number of employees
During the year the average number of employees was 8 (2024: 9).
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