The Independent Agent Ltd 31/08/2025 iXBRL

Company registration number: 12571014

The Independent Agent Ltd

Trading as Ann Cordey Estate Agents

Unaudited filleted financial statements

31 August 2025

The Independent Agent Ltd

Contents

Directors and other information

Accountants report

Statement of financial position

Notes to the financial statements

The Independent Agent Ltd

Directors and other information


	Directors	Mrs J S Mahmood


	Company number	12571014


	Registered office	Exchange Building
		66 Church street
		Hartlepool
		TS24 7DN


	Accountants	Censis
		Exchange Building
		66 Church Street
		Hartlepool
		TS24 7DN

The Independent Agent Ltd

Chartered accountants report to the board of directors on the preparation of the

unaudited statutory financial statements of The Independent Agent Ltd

Year ended 31 August 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Independent Agent Ltd for the year ended 31 August 2025 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm 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/members/regulations-standards-and-guidance/.

This report is made solely to the board of directors of The Independent Agent Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of The Independent Agent Ltd and state those matters that we have agreed to state to the board of directors of The Independent Agent Ltd 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 The Independent Agent Ltd and its board of directors as a body for our work or for this report.

It is your duty to ensure that The Independent Agent Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of The Independent Agent Ltd. You consider that The Independent Agent Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of The Independent Agent Ltd. 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 statutory financial statements.

Censis

Chartered accountants

Exchange Building

66 Church Street

Hartlepool

TS24 7DN

26 May 2026

The Independent Agent Ltd

Statement of financial position

31 August 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Intangible assets	4	-		10,400
Tangible assets	5	10,203		9,876
		_______		_______
			10,203		20,276

Current assets
Debtors	6	17,506		21,260
Cash at bank and in hand		382,858		305,476
		_______		_______
		400,364		326,736
Creditors: amounts falling due
within one year	7	( 126,389)		( 118,877)
		_______		_______
Net current assets			273,975		207,859
			_______		_______
Total assets less current liabilities			284,178		228,135

			_______		_______
Net assets			284,178		228,135
			_______		_______

Capital and reserves
Called up share capital			100		100
Profit and loss account			284,078		228,035
			_______		_______
Shareholders funds			284,178		228,135
			_______		_______

For the year ending 31 August 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 financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 26 May 2026 , and are signed on behalf of the board by:

Mrs J S Mahmood

Director

Company registration number: 12571014

The Independent Agent Ltd

Notes to the financial statements

Year ended 31 August 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Exchange Building, 66 Church street, Hartlepool, TS24 7DN.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:


Goodwill	-	20 %	straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Plant and machinery	-	25 %	reducing balance
Fittings fixtures and equipment	-	25 %	reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

4. Intangible assets

	Goodwill	Total
	£	£
Cost
At 1 September 2024 and 31 August 2025	52,000	52,000
	_______	_______
Amortisation
At 1 September 2024	41,600	41,600
Charge for the year	10,400	10,400
	_______	_______
At 31 August 2025	52,000	52,000
	_______	_______
Carrying amount
At 31 August 2025	-	-
	_______	_______
At 31 August 2024	10,400	10,400
	_______	_______

5. Tangible assets

	Plant and machinery	Fixtures, fittings and equipment	Tangible assets - user defined	Total
	£	£	£	£
Cost
At 1 September 2024	3,581	7,814	3,306	14,701
Additions	-	813	2,074	2,887
	_______	_______	_______	_______
At 31 August 2025	3,581	8,627	5,380	17,588
	_______	_______	_______	_______
Depreciation
At 1 September 2024	2,201	1,003	1,621	4,825
Charge for the year	345	1,703	512	2,560
	_______	_______	_______	_______
At 31 August 2025	2,546	2,706	2,133	7,385
	_______	_______	_______	_______
Carrying amount
At 31 August 2025	1,035	5,921	3,247	10,203
	_______	_______	_______	_______
At 31 August 2024	1,380	6,811	1,685	9,876
	_______	_______	_______	_______

6. Debtors

	2025	2024
	£	£
Trade debtors	16,653	19,141
Other debtors	853	2,119
	_______	_______
	17,506	21,260
	_______	_______

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	5,458	6,887
Corporation tax	38,972	26,255
Social security and other taxes	28,323	31,426
Other creditors	53,636	54,309
	_______	_______
	126,389	118,877
	_______	_______