J. Hughes and Partners (Estate Agents) Limited

J. Hughes and Partners (Estate Agents) Limited
Contents Page
For the year ended 31 March 2025

Accountants' report	1
Statement of financial position	2
Notes to the financial statements	3

J. Hughes and Partners (Estate Agents) Limited Accountants' Report For the year ended 31 March 2025
Accountant’s report You consider that the company is exempt from an audit for the year ended 31 March 2025 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year. In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us. We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts. Palmers Business Support Ltd 31 March 2025 .................................................... Palmers Business Support Ltd Palmers Barn Station Road, Long Marston TRING HP23 4QS 27 December 2025 1

J. Hughes and Partners (Estate Agents) Limited
Accountants' Report
For the year ended 31 March 2025

Accountant’s report
You consider that the company is exempt from an audit for the year ended 31 March 2025 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Palmers Business Support Ltd
31 March 2025

....................................................

Palmers Business Support Ltd
Palmers Barn
Station Road, Long Marston
TRING
HP23 4QS
27 December 2025

1

J. Hughes and Partners (Estate Agents) Limited
Statement of Financial Position
As at 31 March 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	3	274,860	648,912
		274,860	648,912
Current assets
Debtors		1,032,412	1,074,162
Cash at bank and in hand		377	377
		1,032,789	1,074,539
Creditors: amount falling due within one year		(452,073)	(861,875)
Net current assets		580,716	212,664

Total assets less current liabilities		855,576	861,576
Creditors: amount falling due after more than one year		(3,531)	(13,949)
Provisions for liabilities		(28,024)	(115,444)
Net assets		824,021	732,183

Capital and reserves
Called up share capital		100	100
Share premium account		476,455	588,552
Profit and loss account		347,466	143,531
Shareholders' funds		824,021	732,183

For the year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the board of directors on 27 December 2025 and were signed on its behalf by:

-------------------------------
Thomas William Smith
Director

2

J. Hughes and Partners (Estate Agents) Limited
Notes to the Abridged Financial Statements
For the year ended 31 March 2025

General Information

J. Hughes and Partners (Estate Agents) Limited is a private company, limited by shares, registered in , registration number 01280424, registration address 3 London Road, St Albans, Hertfordshire, AL1 1LA.

The presentation currency is £ sterling.

1.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Long Leasehold Property & Freehold Property	2% Straight Line
Fixtures and Fittings	15% Reducing Balance
Computer Equipment	25% Reducing Balance

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2.	Average number of employees Average number of employees during the year was 11 (2024 : 11).

3.

Tangible fixed assets

Cost or valuation	Long Leasehold Property & Freehold Property	Fixtures and Fittings	Computer Equipment	Total
	£	£	£	£
At 01 April 2024	776,601	112,497	104,833	993,931
Additions	-	-	-	-
Disposals	(457,421)	-	-	(457,421)
At 31 March 2025	319,180	112,497	104,833	536,510
Depreciation
At 01 April 2024	141,040	100,313	103,666	345,019
Charge for year	7,287	1,827	1,052	10,166
On disposals	(93,535)	-	-	(93,535)
At 31 March 2025	54,792	102,140	104,718	261,650
Net book values
Closing balance as at 31 March 2025	264,388	10,357	115	274,860
Opening balance as at 01 April 2024	635,561	12,184	1,167	648,912

3

Registered Number: 01280424

J. HUGHES AND PARTNERS (ESTATE AGENTS) LIMITED

Abridged Accounts

Period of accounts Start date: 01 April 2024 End date: 31 March 2025