Mark Rice Estate Agents Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 06302493 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 July 2026

for

Mark Rice Estate Agents Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Report of the Accountants

6

DIRECTORS:

M W Rice

Mrs P A Rice

SECRETARY:

Mrs P A Rice

REGISTERED OFFICE:

19 Northgate

Sleaford

Lincolnshire

NG34 7BH

REGISTERED NUMBER:

06302493 (England and Wales)

ACCOUNTANTS:

Prestige Accounting Limited T/A Simon Moss & Co

The Finance Centre

34a Southgate

Sleaford

Lincolnshire

NG34 7RY

FIXED ASSETS

Intangible assets

4

6,250

12,500

Tangible assets

5

2,955

3,886

9,205

16,386

CURRENT ASSETS

Debtors

6

4,834

16,698

Cash at bank and in hand

88,570

119,455

93,404

136,153

CREDITORS

Amounts falling due within one year

7

29,153

49,788

NET CURRENT ASSETS

64,251

86,365

TOTAL ASSETS LESS CURRENT
LIABILITIES

73,456

102,751

CAPITAL AND RESERVES

Called up share capital

2

Retained earnings

73,454

102,749

73,456

102,751

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

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

M W Rice - Director

1.	STATUTORY INFORMATION

Mark Rice Estate Agents Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

10% on cost

Plant and machinery etc

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2025 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 August 2025

and 31 July 2026

125,000

AMORTISATION

At 1 August 2025

112,500

Charge for year

6,250

At 31 July 2026

118,750

NET BOOK VALUE

At 31 July 2026

6,250

At 31 July 2025

12,500

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 August 2025

and 31 July 2026

3,903

26,811

30,714

DEPRECIATION

At 1 August 2025

3,903

22,925

26,828

Charge for year

-

931

At 31 July 2026

3,903

23,856

27,759

NET BOOK VALUE

At 31 July 2026

-

2,955

At 31 July 2025

-

3,886

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.26

31.7.25

£

Trade debtors

2,600

10,269

Other debtors

2,234

6,429

4,834

16,698

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.26

31.7.25

£

Trade creditors

4,255

5,277

Taxation and social security

23,002

44,511

Other creditors

1,896

-

29,153

49,788

8.	OTHER FINANCIAL COMMITMENTS

At 31 July 2026, the company had outstanding commitments under operations leases of £56,332 (2025 : £70,332).

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2026 and 31 July 2025:

31.7.26

31.7.25

£

M W Rice and Mrs P A Rice

Balance outstanding at start of year

4,227

Amounts repaid

(4,227

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

4,227

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 July 2026 set out on pages three to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Prestige Accounting Limited T/A Simon Moss & Co

The Finance Centre

34a Southgate

Sleaford

Lincolnshire

NG34 7RY

13 August 2026