Mike Rogerson Estate Agents Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04138737 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 March 2025

for

Mike Rogerson Estate Agents Limited

Page

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTOR:

M G Rogerson

REGISTERED OFFICE:

87 Station Road

Ashington

Northumberland

NE63 8RS

REGISTERED NUMBER:

04138737 (England and Wales)

ACCOUNTANTS:

Thornton Accountancy Ltd

87 Station Road

Ashington

Northumberland

NE63 8RS

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Mike Rogerson Estate Agents Limited for the year ended 30 March 2025 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the director of Mike Rogerson Estate Agents Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Mike Rogerson Estate Agents Limited and state those matters that we have agreed to state to the director of Mike Rogerson Estate Agents Limited in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Mike Rogerson Estate Agents Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Mike Rogerson Estate Agents Limited. You consider that Mike Rogerson Estate Agents Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Mike Rogerson Estate Agents Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Thornton Accountancy Ltd

87 Station Road

Ashington

Northumberland

NE63 8RS

11 November 2025

FIXED ASSETS

Intangible assets

4

32,884

37,384

Tangible assets

5

122,398

149,397

Investments

6

475

Investment property

7

1,229,370

1,385,127

1,416,626

CURRENT ASSETS

Stocks

8

1,000

Debtors

9

117,955

53,687

Cash at bank and in hand

66,757

214,300

185,712

268,987

CREDITORS

Amounts falling due within one year

10

533,808

636,818

NET CURRENT LIABILITIES

(348,096

)

(367,831

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,037,031

1,048,795

CREDITORS

Amounts falling due after more than one
year

11

258,962

304,405

NET ASSETS

778,069

744,390

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

777,969

744,290

SHAREHOLDERS' FUNDS

778,069

744,390

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 November 2025 and were signed by:

M G Rogerson - Director

1.	STATUTORY INFORMATION

Mike Rogerson Estate Agents Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

The financial statements are prepared in sterling, which is the functional currency of the entity and are rounded to the nearest pound.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair and true value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recoverable.

Goodwill

Goodwill arising on business combinations is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful life. The period chosen for writing off goodwill is 20 years. Provision is made for any impairment.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Long leasehold

-

2% on cost

Plant and machinery

-

25% on reducing balance per annum

Fixtures and fittings

-

25% on reducing balance per annum

Motor vehicles

-

25% on reducing balance per annum

Tangible assets held for the companies own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Assets held under finance leases and hire purchase contracts are recognised in the balance sheet as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.

The aggregate benefit of any lease incentives are spread over the the lease term on a straight line basis.

Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Trade and other debtors

Trade and other debtors that are receivable within one year and do not constitute a financing transaction are recorded at the undiscounted amount expected to be received, net of impairment. Those that are receivable after more than one year or constitute a financing transaction are recorded initially at fair value less transaction costs and subsequently amortised cost, net of impairment.

Trade and other creditors

Trade and other creditors are initially recognised at the transaction price and are thereafter stated at amortised costs using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2024 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 31 March 2024

and 30 March 2025

134,999

AMORTISATION

At 31 March 2024

97,615

Charge for year

4,500

At 30 March 2025

102,115

NET BOOK VALUE

At 30 March 2025

32,884

At 30 March 2024

37,384

5.	TANGIBLE FIXED ASSETS

Fixtures

Long

Plant and

and

Motor

leasehold

machinery

fittings

vehicles

Totals

£

COST

At 31 March 2024

44,845

12,500

106,246

322,657

486,248

Additions

-

2,700

-

2,700

At 30 March 2025

44,845

12,500

108,946

322,657

488,948

DEPRECIATION

At 31 March 2024

12,041

12,515

102,066

210,229

336,851

Charge for year

-

(15

)

1,607

28,107

29,699

At 30 March 2025

12,041

12,500

103,673

238,336

366,550

NET BOOK VALUE

At 30 March 2025

32,804

-

5,273

84,321

122,398

At 30 March 2024

32,804

(15

)

4,180

112,428

149,397

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 31 March 2024

and 30 March 2025

475

NET BOOK VALUE

At 30 March 2025

475

At 30 March 2024

475

7.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 31 March 2024

and 30 March 2025

1,229,370

NET BOOK VALUE

At 30 March 2025

1,229,370

At 30 March 2024

1,229,370

Investment properties were revalued in 2016 by the director and it is their opinion that they represent a true and fair value.

Fair value at 30 March 2025 is represented by:

£

Valuation in 2016

313,846

Cost

915,524

1,229,370

8.

STOCKS

2025

2024

£

Work-in-progress

1,000

9.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Amounts owed by associates

12,374

10,000

Sundry debtors

37,136

Directors' current accounts

57,017

-

Prepayments

11,428

6,551

117,955

53,687

10.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

50,722

Trade creditors

35,011

52,062

Amounts owed to associates

260,780

261,902

Tax

36,426

32,816

Social security and other taxes

73,412

3,523

VAT

23,765

19,608

Other creditors

57

Pension

1,573

37

Directors' current accounts

-

146,091

Accruals and deferred income

52,062

70,000

533,808

636,818

11.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

£

Bank loans

258,962

304,405

12.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

Bank loans

309,684

355,127

Bank loans are secured on the company's freehold and investment properties.

Hire purchase contracts are secured on the assets concerned.