ACCOUNTS - Final Accounts preparation

Registered number: 13124987

A & G Land & Property Agents Limited

Financial statements

Information for filing with the registrar

31 March 2025


A & G Land & Property Agents Limited

Balance sheet

At 31 March 2025

		2025		2024
Note		£		£


Current assets
Debtors	4	4,555		2,432
Cash at bank and in hand		142,810		66,947
		147,365		69,379
Creditors: amounts falling due within one year	5	(35,816)		(40,210)
Net current assets			111,549		29,169
Total assets less current liabilities			111,549		29,169

Net assets			111,549		29,169

Capital and reserves
Called up share capital	40	40
Profit and loss account	111,509	29,129
Shareholders’ funds	111,549	29,169


A & G Land & Property Agents Limited

Balance sheet (continued)

At 31 March 2025

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 12 December 2025.

G P G Jones

Director

Company registered number: 13124987
The notes on pages 3 to 4 form part of these financial statements.


A & G Land & Property Agents Limited

Notes to the financial statements

Year ended 31 March 2025

1.	General information

A&G Land & Property Agents Limited ('the company') is a private company limited by shares, incorporated and domiciled in the United Kingdom and registered in England. The address of the registered office is Anderson House, Crispin Court, Newbiggin Lane, Newcastle upon Tyne, England, NE5 1BF.

2.Accounting policies

2.1

Statement of compliance

The financial statements have been prepared in accordance with Section 1A of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland' (FRS 102) and the Companies Act 2006.

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding value added tax.
Revenue from commissions on the sale of a property is recognised when the transaction has exchanged.
Revenue from auction fees, valuation services and other income is recognised as the services are completed.

2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

2.4

Financial instruments

Basic financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Employees

The average monthly number of employees, including directors, during the year was 3 (2024: 3).


A & G Land & Property Agents Limited

Notes to the financial statements

Year ended 31 March 2025

Debtors

					2025	2024
					£	£


Trade debtors	1,404	1,062
Other debtors	25	25
Prepayments and accrued income	3,126	1,345
	4,555	2,432

5.	Creditors: amounts falling due within one year
		2025	2024
		£	£

Trade creditors	4,353	2,052
Corporation tax	25,285	28,729
Other taxation and social security	1,279	6,443
Other creditors	5	5
Accruals and deferred income	4,894	2,981
	35,816	40,210