Karl Tatler Estate Agents Limited

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Accountant's Report	1
Balance Sheet	2—3
Notes to the Financial Statements	4—9

Chartered Accountant's report to the directors on the preparation of the unaudited statutory accounts of Karl Tatler Estate Agents Limited for the year ended 31 December 2025

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Karl Tatler Estate Agents Limited for the year ended 31 December 2025 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.

As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the directors of Karl Tatler Estate Agents Limited , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Karl Tatler Estate Agents Limited and state those matters that we have agreed to state to the directors of Karl Tatler Estate Agents Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Karl Tatler Estate Agents Limited and its directors, as a body, for our work or for this report.

It is your duty to ensure that Karl Tatler Estate Agents Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Karl Tatler Estate Agents Limited . You consider that Karl Tatler Estate Agents Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit of the accounts of Karl Tatler Estate Agents Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

17th April 2026

Dufton Kellner Ltd

Chartered Accountants

Barnston House

Beacon Lane

Wirral

CH60 0EE

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Karl Tatler Estate Agents Limited

Balance Sheet

As At 31 December 2025

Balance Sheet

Registered number: 04011483

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		-		52,846
Tangible Assets	5		1,670,848		1,743,612

			1,670,848		1,796,458
CURRENT ASSETS
Stocks	6	2,000		2,000
Debtors	7	420,012		260,152
Cash at bank and in hand		1,767,833		1,271,433

		2,189,845		1,533,585
Creditors: Amounts Falling Due Within One Year	8	(1,479,296 )		(1,111,095 )

NET CURRENT ASSETS (LIABILITIES)			710,549		422,490

TOTAL ASSETS LESS CURRENT LIABILITIES			2,381,397		2,218,948

Creditors: Amounts Falling Due After More Than One Year	9		(621,432 )		(683,051 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(123,058 )		(138,657 )

NET ASSETS			1,636,907		1,397,240

CAPITAL AND RESERVES
Called up share capital	12		115		115
Share premium account			14,985		14,985
Profit and Loss Account			1,621,807		1,382,140

SHAREHOLDERS' FUNDS			1,636,907		1,397,240

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Karl Tatler Estate Agents Limited

Balance Sheet (continued)

As At 31 December 2025

For the year ending 31 December 2025 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr K Tatler

Director

27th March 2026

The notes on pages 4 to 9 form part of these financial statements.

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Karl Tatler Estate Agents Limited

Notes to the Financial Statements

For The Year Ended 31 December 2025

Notes to the Financial Statements

1. General Information

Karl Tatler Estate Agents Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04011483 . The registered office is 23 Pensby Road, Heswall, Wirral, CH60 7RA.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is recognised at the fair value of the consideration received or receivable for sale of services in the ordinary nature of the business. Turnover is shown net of Value Added Tax, of services provided to customers.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business in 2020 and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of 5 years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	2% on cost
Property improvements	over term of lease
Plant & Machinery	25% on reducing balance
Motor Vehicles	25% on reducing balance
Fixtures & Fittings	25% on reducing balance
Computer Equipment	20% on cost

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.6. Stocks and Work in Progress

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

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Karl Tatler Estate Agents Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.7. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. 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.

Deferred tax is recognised on 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. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. 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. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.8. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors with a contract for services, during the year was: 116 (2024: 105)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 January 2025	264,232

As at 31 December 2025	264,232

Amortisation
As at 1 January 2025	211,386
Provided during the period	52,846

As at 31 December 2025	264,232

Net Book Value
As at 31 December 2025	-

As at 1 January 2025	52,846

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Karl Tatler Estate Agents Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

5. Tangible Assets

	Land & Property
	Freehold	Property improvements	Plant & Machinery	Motor Vehicles
	£	£	£	£
Cost
As at 1 January 2025	955,814	708,890	11,521	541,951
Additions	-	60,853	7,185	125,805
Disposals	-	-	-	(79,205 )

As at 31 December 2025	955,814	769,743	18,706	588,551

Depreciation
As at 1 January 2025	5,901	509,277	3,099	146,224
Provided during the period	10,116	47,393	3,364	113,871
Disposals	-	-	-	(31,171 )

As at 31 December 2025	16,017	556,670	6,463	228,924

Net Book Value
As at 31 December 2025	939,797	213,073	12,243	359,627

As at 1 January 2025	949,913	199,613	8,422	395,727


	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 January 2025	497,959	231,933	2,948,068
Additions	18,379	11,246	223,468
Disposals	(247,320 )	(23,933 )	(350,458 )

As at 31 December 2025	269,018	219,246	2,821,078

Depreciation
As at 1 January 2025	379,440	160,515	1,204,456
Provided during the period	32,418	35,063	242,225
Disposals	(241,347 )	(23,933 )	(296,451 )

As at 31 December 2025	170,511	171,645	1,150,230

Net Book Value
As at 31 December 2025	98,507	47,601	1,670,848

As at 1 January 2025	118,519	71,418	1,743,612

Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:

	2025	2024
	£	£
Motor Vehicles	212,315	249,304

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Karl Tatler Estate Agents Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

6. Stocks

	2025	2024
	£	£
Stock	2,000	2,000

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	210,543	128,385
Amounts owed by participating interests	148,978	82,040
Other debtors	60,491	49,727

	420,012	260,152

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	85,212	68,267
Trade creditors	64,885	59,605
Bank loans and overdrafts	50,000	65,000
Other creditors	265,841	251,520
Taxation and social security	1,013,358	666,703

	1,479,296	1,111,095

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	102,266	130,060
Bank loans	519,166	552,991

	621,432	683,051

Of the creditors falling due after more than one year the following amounts are due after more than five years.

	2025		2024
	£		£
Bank loans	319,166		292,991

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Karl Tatler Estate Agents Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

10. Secured Creditors

Debenture dated 30/09/2004 - fixed and floating charges which covers all the property and assets in favour of NatWest Bank Plc.

Legal charge dated 05/06/2024 - 21, 21A, 23 & 23A Pensby Road, Heswall, Wirral, CH60 7RA which covers all the property or undertaking of the company and a negative pledge, in favour of NatWest Bank Plc.

Net obligations under finance leases and hire purchase contracts are secured on the assets concerned.

Of the creditors the following amounts are secured.

	2025	2024
	£	£
Bank loans and overdrafts	569,166	617,991
Other Creditors	187,478	198,327

11. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	85,212	68,267
Later than one year and not later than five years	102,266	130,060

	187,478	198,327

	187,478	198,327

12. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	115	115

13. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2025	2024
	£	£
Not later than one year	160,746	138,716
Later than one year and not later than five years	485,526	483,781
Later than five years	145,546	125,796

	791,818	748,293

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Karl Tatler Estate Agents Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

14. Related Party Transactions

During the year the company paid rent at market value of £12,000 (2024 £12,000) in respect of premises owned by a Self Invested Personal Pension in the name of Mr K S Tatler, a director and shareholder of the company. Rent of £24,000 (2024 £24,000) was also paid to K Tatler and his wife in respect of a property owned personally, from which the company trades.

Karl Tatler Financial Services Ltd

Associated company

At the year end KTFS owed the company £102,040 (2024 £82,040). The loan is interest free and repayable on demand. In addition, the company also received commission of £82,615 and rent of £43,500 from KTFS during the year and KTFS owed the company £133,015 at the year end which is included in trade debtors.

Kyn Analytics Ltd

Associated company

During the year management charges of £46,938 (2024 nil) were charged to Kyn Analytics Ltd and this amount was outstanding at the year end.

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