ACCOUNTS - Final Accounts

Registered number: 12762517

THE ESTATES AGENT LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2025

THE ESTATES AGENT LIMITED

REGISTERED NUMBER: 12762517

BALANCE SHEET

AS AT 31 JANUARY 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets			9,523		-
			9,523		-
Current assets
Debtors: amounts falling due within one year		958,168		1,067,582
Cash at bank and in hand		228,865		115,973
		1,187,033		1,183,555
Creditors: amounts falling due within one year	7	(877,125)		(827,304)
Net current assets			309,908		356,251
Total assets less current liabilities			319,431		356,251

Net assets			319,431		356,251

Capital and reserves
Called up share capital	1	1
Profit and loss account	319,430	356,250
	319,431	356,251

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THE ESTATES AGENT LIMITED

REGISTERED NUMBER: 12762517

BALANCE SHEET (CONTINUED)

AS AT 31 JANUARY 2025

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 29 October 2025.

D W Curran

Director

The notes on pages 3 to 7 form part of these financial statements.

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THE ESTATES AGENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

1.	General information

The Estates Agent Limited is a private company limited by shares incorporated in England and Wales.The registered office is Leytonstone House, 3 Hanbury Drive, Leytonstone, London, E11 1GA.
The principal activity of the company is that of estate agents.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Going concern

During the year, the company has decided to wind down its operations. The company will continue to operate in order to collect the remaining debtors due to the company. As the company has decided to wind down its operation it was decided by the Board that the financial statements should not be prepared on a going concern basis. No adjustment were considered to be necessary to the amounts at which the remaining net assets are included in these financial statements.

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

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THE ESTATES AGENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

2.Accounting policies (continued)

2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment

20%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

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THE ESTATES AGENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

2.Accounting policies (continued)

2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.11

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Employees

The average monthly number of employees, including directors, during the year was 6 (2024 - 7).

4.	Tangible fixed assets

		Office equipment
		£
	Cost or valuation
	Additions	10,988
	At 31 January 2025	10,988
	Depreciation
	Charge for the year on owned assets	1,465
	At 31 January 2025	1,465
	Net book value
	At 31 January 2025	9,523
	At 31 January 2024	-

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THE ESTATES AGENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

Debtors

					2025	2024
					£	£


Trade debtors	816,422	857,306
Amounts owed by group undertakings	18,093	-
Other debtors	103,044	175,230
Prepayments and accrued income	20,609	35,046
	958,168	1,067,582

6.	Cash and cash equivalents
		2025	2024
		£	£

Cash at bank and in hand	228,865	115,973
	228,865	115,973

7.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Trade creditors	49,222	23,335
Amounts owed to group undertakings	810,150	458,510
Corporation tax	-	16,700
Other taxation and social security	3,840	42,287
Other creditors	-	26,843
Accruals and deferred income	13,913	259,629
	877,125	827,304

8.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

1 (2024 - 1) Ordinary share of £1.00	1	1

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THE ESTATES AGENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

Reserves

Profit and loss account

The profit and loss account consists of distributable reserves arising from cumulative historical profits and losses net of dividends or other adjustments.

10.	Pension commitments

The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost represents contributions payable by the Company to the fund and amounted to £3,433 (2024 - £4,264). The outstanding liability at the year end was £Nil (2024 - £1,383). input

11.	Related party transactions
	Included within debtors at the year end are amounts owed from group undertakings of £18,093 (2024 - £Nil). Included within creditors at the year end are amounts owed to group undertakings of £810,150 (2024 - £458,510).

12.	Controlling party

Lillebus Holdings Limited is the company's ultimate parent undertaking at the year end.
Mr D W Curran is considered to be the ultimate controlling party.

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