REGISTERED NUMBER: 11101131 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

FURNELL ESTATE AGENCIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs Victoria Jane Furnell

Mr Benjamin Peter Furnell

REGISTERED OFFICE:

The Hayloft Cornmill Lane

Bardsey

Leeds

West Yorkshire

LS17 9EQ

REGISTERED NUMBER:

11101131 (England and Wales)

ACCOUNTANTS:

Syers McGill

9 Kerry Street

Horsforth

Leeds

West Yorkshire

LS18 4AW

FIXED ASSETS

Tangible assets

4

27,523

54,269

CURRENT ASSETS

Debtors

5

18,177

104,650

Cash at bank

111,350

74,484

129,527

179,134

CREDITORS

Amounts falling due within one year

6

94,096

126,125

NET CURRENT ASSETS

35,431

53,009

TOTAL ASSETS LESS CURRENT LIABILITIES

62,954

107,278

CREDITORS

Amounts falling due after more than one year

7

1,218

34,100

NET ASSETS

61,736

73,178

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

61,636

73,078

61,736

73,178

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 18 December 2025 and were signed on its behalf by:

Mr Benjamin Peter Furnell - Director

Mrs Victoria Jane Furnell - Director

1.	STATUTORY INFORMATION

Furnell Estate Agencies 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 (£).

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

Tangible fixed assets

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

Improvements to property

-

25% on cost

Plant and machinery

-

25% on cost

Fixtures and fittings

-

20% on cost

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.

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 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

138,234

Additions

6,362

Disposals

(63,332

)

At 31 March 2025

81,264

DEPRECIATION

At 1 April 2024

83,965

Charge for year

17,275

Eliminated on disposal

(47,499

)

At 31 March 2025

53,741

NET BOOK VALUE

At 31 March 2025

27,523

At 31 March 2024

54,269

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

18,177

4,650

Amounts recoverable on contract

-

100,000

18,177

104,650

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

6,000

6,000

Hire purchase contracts

-

6,697

Trade creditors

1,973

854

Tax

46,842

37,599

Social security and other taxes

1,713

1,070

VAT

14,677

9,496

Other creditors

299

184

Directors' current accounts

20,092

64,225

Accrued expenses

2,500

-

94,096

126,125

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

1,218

7,218

Hire purchase contracts

-

26,882

1,218

34,100