HORTS ESTATE AGENCY LIMITED


Directors	SANCHEZ, Dorian Alan
	WELLESLEY, Adam James


Company Secretary	WELLESLEY, Adam James


Registered Address	1 Guildhall Road
	Northampton
	NN1 1DP


Registered Number	03164856 (England and Wales)

Balance Sheet as at
31 May 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	4		6,349		4,129
			6,349		4,129
Current assets
Debtors	5	181,383		148,105
Cash at bank and on hand		865,322		828,157
		1,046,705		976,262
Creditors amounts falling due within one year	6	(230,198)		(205,755)
Net current assets (liabilities)			816,507		770,507
Total assets less current liabilities			822,856		774,636
Provisions for liabilities	7		(1,206)		(784)
Net assets			821,650		773,852
Capital and reserves
Called up share capital			800		800
Profit and loss account			820,850		773,052
Shareholders' funds			821,650		773,852

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 13 January 2026, and are signed on its behalf by:

WELLESLEY, Adam James
Director
Registered Company No. 03164856

HORTS ESTATE AGENCY LIMITED

Notes to the Financial Statements
for the year ended 31 May 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Intangible assets
	Written off over its useful life.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


	Reducing balance (%)	Straight line (years)
Plant and machinery	-	2
Fixtures and fittings	25	-
Office Equipment	-	3

2.	Average number of employees


		2025		2024
	Average number of employees during the year	17		18

3.	Intangible assets

	Goodwill	Total
	£	£
Cost or valuation
At 01 June 24	77,956	77,956
At 31 May 25	77,956	77,956
Amortisation and impairment
At 01 June 24	77,956	77,956
At 31 May 25	77,956	77,956
Net book value
At 31 May 25	-	-
At 31 May 24	-	-

4.	Tangible fixed assets

	Plant & machinery	Fixtures & fittings	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 June 24	84,936	76,957	126,917	288,810
Additions	-	-	4,974	4,974
At 31 May 25	84,936	76,957	131,891	293,784
Depreciation and impairment
At 01 June 24	84,936	74,188	125,557	284,681
Charge for year	-	693	2,061	2,754
At 31 May 25	84,936	74,881	127,618	287,435
Net book value
At 31 May 25	-	2,076	4,273	6,349
At 31 May 24	-	2,769	1,360	4,129

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	17,880	3,600
Other debtors	4,584	10,762
Prepayments and accrued income	158,919	133,743
Total	181,383	148,105

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	31,805	41,872
Taxation and social security	126,409	119,253
Other creditors	3,811	3,654
Accrued liabilities and deferred income	68,173	40,976
Total	230,198	205,755


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

7.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	1,206	784
Total	1,206	784