Company registration number 08082564 (England and Wales)
ESTATE AND CORPORATE SOLICITORS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
ESTATE AND CORPORATE SOLICITORS LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 8
ESTATE AND CORPORATE SOLICITORS LIMITED (REGISTERED NUMBER: 08082564)
BALANCE SHEET
AS AT 31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
6
182,703
185,474
Current assets
Stocks
69,739
35,657
Debtors
7
161,591
201,298
Cash at bank and in hand
37,085
21,526
268,415
258,481
Creditors: amounts falling due within one year
8
(137,496)
(119,345)
Net current assets
130,919
139,136
Total assets less current liabilities
313,622
324,610
Creditors: amounts falling due after more than one year
9
(122,185)
(141,913)
Net assets
191,437
182,697
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
191,436
182,696
Total equity
191,437
182,697
ESTATE AND CORPORATE SOLICITORS LIMITED (REGISTERED NUMBER: 08082564)
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2025
31 March 2025
- 2 -

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 27 November 2025 and are signed on its behalf by:
V Aigbogun
Director
ESTATE AND CORPORATE SOLICITORS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
1
Accounting policies
Company information

Estate And Corporate Solicitors Limited is a private company limited by shares incorporated in England and Wales. The registered office is 57 Hythe Street, Dartford, Kent, DA1 1BG.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents net invoiced provision of services, exclusive of value added tax.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion and costs incurred to complete can be estimated reliably.

1.3
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Software
Fully impaired
1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

ESTATE AND CORPORATE SOLICITORS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold property
2% on cost
Leasehold improvements
2% on cost
Fixtures, fittings & equipment
25% reducing balance
Computer equipment
25% reducing balance

Freehold land - Not depreciated

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

1.6
Stocks

Work in progress is valued at the lower of cost and estimated selling price less costs to sell.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

1.8
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.9
Leases
As lessee
ESTATE AND CORPORATE SOLICITORS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 5 -

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

As lessor

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
6
6
4
Taxation
2025
2024
£
£
Current tax
UK corporation tax on profits for the current period
14,615
26,326
Adjustments in respect of prior periods
-
0
(1,710)
Total current tax
14,615
24,616
ESTATE AND CORPORATE SOLICITORS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 6 -
5
Intangible fixed assets
Software
£
Cost
At 1 April 2024 and 31 March 2025
80,000
Amortisation and impairment
At 1 April 2024 and 31 March 2025
80,000
Carrying amount
At 31 March 2025
-
0
At 31 March 2024
-
0
6
Tangible fixed assets
Freehold property
Leasehold improvements
Fixtures, fittings & equipment
Computer equipment
Total
£
£
£
£
£
Cost
At 1 April 2024
157,880
44,947
29,080
12,368
244,275
Additions
-
0
-
0
1,726
-
0
1,726
At 31 March 2025
157,880
44,947
30,806
12,368
246,001
Depreciation and impairment
At 1 April 2024
15,789
8,091
24,181
10,740
58,801
Depreciation charged in the year
1,579
899
1,612
407
4,497
At 31 March 2025
17,368
8,990
25,793
11,147
63,298
Carrying amount
At 31 March 2025
140,512
35,957
5,013
1,221
182,703
At 31 March 2024
142,091
36,856
4,899
1,628
185,474
7
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
38,436
58,143
Other debtors
123,155
143,155
161,591
201,298
ESTATE AND CORPORATE SOLICITORS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 7 -
8
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
53,961
25,109
Trade creditors
2,513
3,196
Taxation and social security
50,405
64,220
Other creditors
30,617
26,820
137,496
119,345
9
Creditors: amounts falling due after more than one year
2025
2024
Notes
£
£
Bank loans and overdrafts
10
122,185
141,913
Creditors which fall due after five years are payable as follows:
Payable by instalments
96,906
98,887
10
Loans and overdrafts
2025
2024
£
£
Bank loans
163,333
158,075
Bank overdrafts
12,813
8,947
176,146
167,022
Payable within one year
53,961
25,109
Payable after one year
122,185
141,913

The bank loan is secured over the assets and premises of the company.

11
Related party transactions

During the year, the company charged rent totalling £8,875 (2024: £9,000) to a company with common directors.

Included in other debtors is a balance owed by a company with common directors totalling £106,155 (2024: £126,155). The intercompany loan is considered repayable on demand. No interest is applied to the intercompany loan.

ESTATE AND CORPORATE SOLICITORS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 8 -
12
Directors' transactions

During the year dividends totalling £32,700 (2024: £30,700) were paid to a director.

Included in other creditors is a balance owed by the director totalling £66 (2024: £91).

13
Client accounts

At the balance sheet date, the company held £950,116 (2024: £449,950) in client accounts.

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