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Registration number: 13904207

Andrew Exelby Estate Agents Ltd
Unaudited Filleted Financial Statements
for the Year Ended 28 February 2025

Andrew Exelby Estate Agents Ltd

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 7

Andrew Exelby Estate Agents Ltd

Company Information

Director | Mr Andrew Exelby

Registered office | Bank House Bank Square St Just Penzance Cornwall TR19 7HH

Accountants | Julia Evans Accountants Ltd 79-81 Boslowick Road Falmouth Road Falmouth Cornwall TR11 4QD

Andrew Exelby Estate Agents Ltd

(Registration number: 13904207)
Balance Sheet as at 28 February 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 3,635 | 2,780
Current assets |  |  |
Stocks |  | 100 | 600
Debtors | 5 | 3,195 | 3,953
Cash at bank and in hand |  | 40,937 | 5,097
|  | 44,232 | 9,650
Creditors: Amounts falling due within one year | 6 | (28,652) | (11,831)
Net current assets/(liabilities) |  | 15,580 | (2,181)
Total assets less current liabilities |  | 19,215 | 599
Provisions for liabilities |  | (749) | (528)
Net assets |  | 18,466 | 71
Capital and reserves |  |  |
Called up share capital | 7 | 1 | 1
Retained earnings |  | 18,465 | 70
Shareholders' funds |  | 18,466 | 71

For the financial year ending 28 February 2025 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.

Andrew Exelby Estate Agents Ltd

(Registration number: 13904207)
Balance Sheet as at 28 February 2025

Approved and authorised by the director on 2 January 2026

......................................... Mr Andrew Exelby Director

Andrew Exelby Estate Agents Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

1 | General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Bank House
Bank Square
St Just
Penzance
Cornwall
TR19 7HH

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.

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.

Tax

Taxation represents the sum of tax currently payable and deferred tax.
The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

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

Andrew Exelby Estate Agents Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

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
Computer equipment | 25% reducing balance
Furniture and fittings | 25% reducing balance

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2024 - 2).

Andrew Exelby Estate Agents Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

4 | Tangible assets

| Furniture, fittings and equipment £ | Total £
Cost or valuation
At 1 March 2024 | 4,251 | 4,251
Additions | 2,843 | 2,843
Disposals | (1,034) | (1,034)
At 28 February 2025 | 6,060 | 6,060
Depreciation
At 1 March 2024 | 1,471 | 1,471
Charge for the year | 1,213 | 1,213
Eliminated on disposal | (259) | (259)
At 28 February 2025 | 2,425 | 2,425
Carrying amount
At 28 February 2025 | 3,635 | 3,635
At 29 February 2024 | 2,780 | 2,780

5 | Debtors

Current | 2025 £ | 2024 £
Prepayments | 2,060 | 1,091
Other debtors | 1,135 | 2,862
| 3,195 | 3,953

Andrew Exelby Estate Agents Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

6 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | 298 | 527
Taxation and social security | 23,562 | 8,360
Accruals and deferred income | 2,301 | 2,783
Other creditors | 2,491 | 161
| 28,652 | 11,831

7 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary share of £1 each | 1 | 1 | 1 | 1