MICHAEL USHER ESTATE AGENTS LTD


Directors	CROSS, Paul Patrick
	LLOYD, Michael Peter
	USHER, Michael Christopher


Registered Address	22 Frimley High Street
	Frimley
	Camberley
	GU16 7JD


Registered Number	10014959 (England and Wales)

Balance Sheet as at
28 February 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		10,186		13,582
			10,186		13,582
Current assets
Debtors	4	9,810		16,186
Cash at bank and on hand		29,058		15,098
		38,868		31,284
Creditors amounts falling due within one year	5	(36,337)		(40,476)
Net current assets (liabilities)			2,531		(9,192)
Total assets less current liabilities			12,717		4,390
Creditors amounts falling due after one year	6		(3,000)		-
Net assets			9,717		4,390
Capital and reserves
Called up share capital			5		5
Profit and loss account			9,712		4,385
Shareholders' funds			9,717		4,390

The company was entitled to exemption from audit for this reporting period 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 Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 31 October 2025, and are signed on its behalf by:

LLOYD, Michael Peter
Director
Registered Company No. 10014959

MICHAEL USHER ESTATE AGENTS LTD

Notes to the Financial Statements
for the year ended 28 February 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


		Reducing balance (%)
	Fixtures and fittings	25

2.	Average number of employees


		2025		2024
	Average number of employees during the year	3		3

3.	Tangible fixed assets

	Fixtures & fittings	Total
	£	£
Cost or valuation
At 01 March 24	55,063	55,063
At 28 February 25	55,063	55,063
Depreciation and impairment
At 01 March 24	41,481	41,481
Charge for year	3,396	3,396
At 28 February 25	44,877	44,877
Net book value
At 28 February 25	10,186	10,186
At 29 February 24	13,582	13,582

4.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	4,200	8,184
Amounts owed by associates and joint ventures / participating interests	-	8,002
Other debtors	5,610	-
Total	9,810	16,186

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Bank borrowings and overdrafts	6,000	15,000
Amounts owed to related parties	69	94
Taxation and social security	29,323	20,866
Other creditors	246	4,516
Accrued liabilities and deferred income	699	-
Total	36,337	40,476

6.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	3,000	-
Total	3,000	-