REGISTERED NUMBER: 06776466 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

FOR

JULIAN REID ESTATE AGENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTOR:

J S Reid

REGISTERED OFFICE:

51 Stoke Newington Church Street

Stoke Newington

London

N16 0AR

REGISTERED NUMBER:

06776466 (England and Wales)

ACCOUNTANTS:

Sowerbutts and Co Ltd

Fiscal House

367 London Road

Camberley

Surrey

GU15 3HQ

FIXED ASSETS

Tangible assets

4

360,690

426,415

CURRENT ASSETS

Debtors

5

202,957

178,092

Cash at bank

211,972

267,981

414,929

446,073

CREDITORS

Amounts falling due within one year

6

63,773

72,826

NET CURRENT ASSETS

351,156

373,247

TOTAL ASSETS LESS CURRENT LIABILITIES

711,846

799,662

CREDITORS

Amounts falling due after more than one year

7

29,438

54,209

NET ASSETS

682,408

745,453

CAPITAL AND RESERVES

Called up share capital

9

30

30

Retained earnings

682,378

745,423

SHAREHOLDERS' FUNDS

682,408

745,453

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 9th December 2025 and were signed by:

J S Reid - Director

1.	STATUTORY INFORMATION

Julian Reid 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.

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.

Turnover

Turnover represents net invoiced services provided, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property

-

20% on cost

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

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 obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

Freehold

to

and

property

property

fittings

£

£

£

COST

At 1st April 2024

and 31st March 2025

222,956

309,834

2,980

DEPRECIATION

At 1st April 2024

-

138,302

2,874

Charge for year

-

55,466

27

At 31st March 2025

-

193,768

2,901

NET BOOK VALUE

At 31st March 2025

222,956

116,066

79

At 31st March 2024

222,956

171,532

106

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1st April 2024

and 31st March 2025

62,735

21,947

620,452

DEPRECIATION

At 1st April 2024

33,949

18,912

194,037

Charge for year

7,197

3,035

65,725

At 31st March 2025

41,146

21,947

259,762

NET BOOK VALUE

At 31st March 2025

21,589

-

360,690

At 31st March 2024

28,786

3,035

426,415

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1st April 2024

and 31st March 2025

51,391

DEPRECIATION

At 1st April 2024

24,135

Charge for year

6,814

At 31st March 2025

30,949

NET BOOK VALUE

At 31st March 2025

20,442

At 31st March 2024

27,256

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Trade debtors

15,840

9,540

Other debtors

187,117

168,552

202,957

178,092

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Bank loans and overdrafts

19,158

25,168

Hire purchase contracts

5,601

4,425

Taxation and social security

35,554

39,773

Other creditors

3,460

3,460

63,773

72,826

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/3/25

31/3/24

£

£

Bank loans

2,686

21,857

Hire purchase contracts

26,752

32,352

29,438

54,209

8.	DEFERRED TAX

£

Balance at 1st April 2024

(2,067

)

Accelerated allowances

(5,470

)

Balance at 31st March 2025

(7,537

)

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/3/25

31/3/24

value:

£

£

30

Ordinary

£1

30

30

10.	RELATED PARTY DISCLOSURES

J S Reid, a director and shareholder of the company, was paid rent of £36,000 from the company in the year.

11.	ULTIMATE CONTROLLING PARTY

The company is ultimately controlled by the Director, Mr Julian Reid, by virtue of his controlling shareholding.

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 Julian Reid Estate Agents Limited for the year ended 31st 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.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Julian Reid 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 Julian Reid Estate Agents Limited and state those matters that we have agreed to state to the director of Julian Reid Estate Agents Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Julian Reid Estate Agents Limited and its director for our work or for this report.

It is your duty to ensure that Julian Reid 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 Julian Reid Estate Agents Limited. You consider that Julian Reid 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 Julian Reid 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.

Sowerbutts and Co Ltd

Fiscal House

367 London Road

Camberley

Surrey

GU15 3HQ

Date: .............................................