Registration number: 07463893

Everett Property Consultants Ltd

Contents

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

Everett Property Consultants Ltd

Company Information

Director

Mr A Everett

Registered office

Kings Works Kings Road Teddington Middlesex TW11 0QB

Accountants

Grays Accountants Ltd

Everett Property Consultants Ltd

(Registration number: 07463893)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	57,650	51,216
Investments	5	-	860
		57,650	52,076
Current assets
Stocks	6	790,913	1,110,229
Debtors	7	1,804,278	1,033,737
Cash at bank and in hand		34,511	7,240
		2,629,702	2,151,206
Creditors: Amounts falling due within one year	8	(2,659,788)	(1,589,198)
Net current (liabilities)/assets		(30,086)	562,008
Total assets less current liabilities		27,564	614,084
Creditors: Amounts falling due after more than one year	8	(2,484,768)	(2,038,832)
Net liabilities		(2,457,204)	(1,424,748)
Capital and reserves
Called up share capital		5	5
Retained earnings		(2,457,209)	(1,424,753)
Shareholders' deficit		(2,457,204)	(1,424,748)

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.

Director's 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 director acknowledges his 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Everett Property Consultants Ltd

(Registration number: 07463893)
Balance Sheet as at 31 December 2024

Approved and authorised by the director on 22 December 2025
 

......................................... Mr A Everett Director

Everett Property Consultants Ltd

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 United Kingdom.

The address of its registered office is:
Kings Works
Kings Road
Teddington
Middlesex
TW11 0QB
England

These financial statements were authorised for issue by the director on 22 December 2025.

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.

Going concern

The financial statements have been prepared on a going concern basis. Development projects in which the company holds an interest by way of its shareholdings in the developer companies and the company’s own works engaged on the projects have been subject to completion delays and project profitability issues caused by internal and external factors. Settlement terms of external funders have been consequently rescheduled whilst the company seeks to resolve the financial position. Profitable project outcomes remain in the pipeline and having assessed the company's financial requirements for the forthcoming year and the steps being taken to achieve stability, the director is of the opinion that although project uncertainties need to be successfully addressed it is appropriate to prepare the accounts on the basis of the assumption that the company is a going concern.

Everett Property Consultants Ltd

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

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. 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.

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
Short leasehold	10% - 20% on cost
Fixtures and fittings	25% on cost

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.

The financial statements contain information about Everett Property Consultants Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(A) of the Companies Act 2006 from the requirement to prepare consolidated financial statements.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Everett Property Consultants Ltd

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

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Everett Property Consultants Ltd

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

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4	Tangible assets

	Short leasehold land and buildings £	Fixtures and fittings £	Total £
Cost or valuation
At 1 January 2024	56,908	5,493	62,401
Additions	21,479	948	22,427
At 31 December 2024	78,387	6,441	84,828
Depreciation
At 1 January 2024	5,692	5,493	11,185
Charge for the year	15,677	316	15,993
At 31 December 2024	21,369	5,809	27,178
Carrying amount
At 31 December 2024	57,018	632	57,650
At 31 December 2023	51,216	-	51,216

Included within the net book value of land and buildings above is £57,018 (2023 - £51,216) in respect of short leasehold land and buildings.
 

5	Investments

	2024 £	2023 £
Investments in subsidiaries	-	860