Gibbins Richards Estate Agents Limited

Contents

Profit and Loss Account and Statement of Retained Earnings	1
Abridged Balance Sheet	2 to 3
Notes to the Unaudited Abridged Financial Statements	4 to 5

Gibbins Richards Estate Agents Limited

Profit and Loss Account and Statement of Retained Earnings for the Year Ended 31 March 2026

	Note	2026 £	2025 £
Turnover		1,329,766	1,279,215
Cost of sales		(2,146)	(5,423)
Gross profit		1,327,620	1,273,792
Administrative expenses		(1,106,570)	(1,017,362)
Operating profit		221,050	256,430
Other interest receivable and similar income		175	412
Interest payable and similar charges		(5,304)	(6,636)
		(5,129)	(6,224)
Profit before tax		215,921	250,206
Taxation		(56,148)	(64,963)
Profit for the financial year		159,773	185,243
Retained earnings brought forward		933,056	834,813
Dividends paid		(76,000)	(87,000)
Retained earnings carried forward		1,016,829	933,056

Gibbins Richards Estate Agents Limited

(Registration number: 11962171)
Abridged Balance Sheet as at 31 March 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	4	7,094	5,320
Current assets
Debtors		1,262,199	1,175,795
Cash at bank and in hand		36,587	68,730
		1,298,786	1,244,525
Creditors: Amounts falling due within one year		(201,732)	(215,185)
Net current assets		1,097,054	1,029,340
Total assets less current liabilities		1,104,148	1,034,660
Creditors: Amounts falling due after more than one year		(45,445)	(60,174)
Provisions for liabilities		(41,775)	(41,331)
Net assets		1,016,928	933,155
Capital and reserves
Called up share capital		99	99
Profit and loss account		1,016,829	933,056
Total equity		1,016,928	933,155

Gibbins Richards Estate Agents Limited

(Registration number: 11962171)
Abridged Balance Sheet as at 31 March 2026

For the financial year ending 31 March 2026 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 of its accounts for the year in question in accordance with section 476; and
	The directors acknowledge their 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the Company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 10 September 2026 and signed on its behalf by:
 

Mr B R Grant

Director

Mr N J Girone-Maddocks

Director

Gibbins Richards Estate Agents Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2026

1	General information

The company is a private company limited by share capital, incorporated in England and Wales (Registered number: 11962171).

The address of its registered office is:
50 High Street
Taunton
Somerset
TA1 3PR

These financial statements were authorised for issue by the Board on 10 September 2026.

2	Accounting policies

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged 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 represents the amounts, excluding value added tax, derived from the provision of goods and services to customers during the year.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current 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.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Gibbins Richards Estate Agents Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2026

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
Fixtures and fittings	15% reducing balance
Office equipment	25% straight line

Provisions

Provisions are recognised when the Company has an obligation at the reporting date as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 26 (2025 - 28).

4	Tangible assets

	Total £
Cost or valuation
At 1 April 2025	13,610
Additions	4,124
At 31 March 2026	17,734
Depreciation
At 1 April 2025	8,291
Charge for the year	2,349
At 31 March 2026	10,640
Carrying amount
At 31 March 2026	7,094
At 31 March 2025	5,320