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Registration number: 06600200

J F L Seymours Letting & Management Services (Woking) Limited
Annual Report and Unaudited Financial Statements
for the Year Ended 31 December 2024

J F L Seymours Letting & Management Services (Woking) Limited

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 9

J F L Seymours Letting & Management Services (Woking) Limited

Company Information

Directors | L C Athron GB Ferrucci F Orlando

Registered office | Maria House 35 Millers Road Brighton BN1 5NP

Accountants | Chisnall Comer Ismail & Co Chartered AccountantsMaria House 35 Millers Road Brighton BN1 5NP

J F L Seymours Letting & Management Services (Woking) Limited

(Registration number: 06600200)
Balance Sheet as at 31 December 2024

| Note | 2024 £ | 2023 £
Fixed assets |  |  |
Tangible assets | 4 | 268,269 | 296,710
Investments | 5 | 120,000 | 120,000
|  | 388,269 | 416,710
Current assets |  |  |
Debtors | 6 | 729,017 | 612,614
Cash at bank and in hand |  | 168,882 | 448,488
|  | 897,899 | 1,061,102
Creditors: Amounts falling due within one year | 7 | (671,195) | (796,421)
Net current assets |  | 226,704 | 264,681
Total assets less current liabilities |  | 614,973 | 681,391
Provisions for liabilities | 8 | (66,783) | (73,595)
Net assets |  | 548,190 | 607,796
Capital and reserves |  |  |
Called up share capital | 10 | 103 | 103
Retained earnings |  | 548,087 | 607,693
Shareholders' funds |  | 548,190 | 607,796

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

J F L Seymours Letting & Management Services (Woking) Limited

(Registration number: 06600200)
Balance Sheet as at 31 December 2024

Approved and authorised by the Board on 26 September 2025 and signed on its behalf by:

.........................................

L C Athron

Director

J F L Seymours Letting & Management Services (Woking) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Maria House
35 Millers Road
Brighton
BN1 5NP

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of letting and management services. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

J F L Seymours Letting & Management Services (Woking) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Furniture, fittings and equipment | 25% reducing balance
Motor vehicles | 25% reducing balance

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

J F L Seymours Letting & Management Services (Woking) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 56 (2023 - 53).

J F L Seymours Letting & Management Services (Woking) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4 | Tangible assets

| Furniture, fittings and equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 January 2024 | 557,239 | 3,000 | 560,239
Additions | 14,654 | - | 14,654
At 31 December 2024 | 571,893 | 3,000 | 574,893
Depreciation
At 1 January 2024 | 260,786 | 2,743 | 263,529
Charge for the year | 43,030 | 65 | 43,095
At 31 December 2024 | 303,816 | 2,808 | 306,624
Carrying amount
At 31 December 2024 | 268,077 | 192 | 268,269
At 31 December 2023 | 296,453 | 257 | 296,710

5 | Investments

| 2024 £ | 2023 £
Investments in associates | 120,000 | 120,000

Associates | £
Cost
At 1 January 2024 | 120,000
Provision
Carrying amount
At 31 December 2024 | 120,000
At 31 December 2023 | 120,000

J F L Seymours Letting & Management Services (Woking) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

6 | Debtors

Current | Note | 2024 £ | 2023 £
Trade debtors |  | 63,958 | 65,671
Amounts owed by related parties | 9 | 145,232 | 111,426
Prepayments |  | 59,644 | 28,664
Other debtors |  | 460,183 | 406,853
|  | 729,017 | 612,614

7 | Creditors

Creditors: amounts falling due within one year

| 2024 £ | 2023 £
Due within one year |  |
Trade creditors | 67,823 | 47,647
Taxation and social security | 595,183 | 660,881
Accruals and deferred income | 7,525 | 6,861
Other creditors | 664 | 81,032
| 671,195 | 796,421

8 | Provisions for liabilities

Deferred tax

Deferred tax provisions comprise of:

| 2024 £ | 2023 £
Accelerated capital allowances | 66,783 | 73,595

The directors have considered the deferred tax liabilities noted above and concluded that it is not possible to state the estimated liabilities that will reverse within the next 12 months. This is due to the level of reversal being dependent on events which are not yet known.

J F L Seymours Letting & Management Services (Woking) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

9 | Related party transactions

Directors' remuneration

The directors' remuneration for the year was as follows:

| 2024 £ | 2023 £
Remuneration | 9,100 | 9,100

Summary of transactions with other related parties

Sunflower Holding Limited G B Ferrucci and F Orlando are directors of both companies. The amount due from the related party at the balance sheet date was £145,232 (2023: £111,426)
Shenton Investments Limited L Athron, G B Ferrucci and F Orlando are directors of both companies. The amount due from the related party at the balance sheet date was £177,743 (2023: £177,743)
Staines Seymours Limited L Athron, G B Ferrucci and F Orlando are directors of both companies. The amount due from the related party at the balance sheet date was £155,737 (2023: £215,737).
Seymours Letting and Management Services Limited. L Athron, G B Ferrucci and F Orlando are directors of both companies. The amount due from the related party at the balance sheet date was £8,900 (2023: £8,900).
LNHL&M Limited L Athron, G B Ferrucci and F Orlando are directors of both companies. The amount due from the related party at the balance sheet date was £nil (2023: £1,222).

10 | Share capital

Allotted, called up and fully paid shares

| 2024 | 2023
| No. | £ | No. | £
Ordinary of £1 each | 100 | 100 | 100 | 100
Ordinary B of £1 each | 3 | 3 | 3 | 3
| 103 | 103 | 103 | 103