| Ross Hand Estate Agents Limited |
| Registered number: |
04697912 |
| Statement of Financial Position |
| as at 31 March 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Intangible assets |
3 |
|
|
7,325 |
|
|
10,989 |
| Tangible assets |
4 |
|
|
3,010 |
|
|
3,761 |
|
|
|
|
10,335 |
|
|
14,750 |
|
| Current assets |
| Debtors |
5 |
|
43,279 |
|
|
40,656 |
| Cash at bank and in hand |
|
|
34,448 |
|
|
36,177 |
|
|
|
77,727 |
|
|
76,833 |
|
| Creditors: amounts falling due within one year |
6 |
|
(26,726) |
|
|
(34,856) |
|
| Net current assets |
|
|
|
51,001 |
|
|
41,977 |
|
| Total assets less current liabilities |
|
|
|
61,336 |
|
|
56,727 |
|
| Creditors: amounts falling due after more than one year |
7 |
|
|
- |
|
|
(5,876) |
|
|
|
| Net assets |
|
|
|
61,336 |
|
|
50,851 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
200 |
|
|
200 |
| Share premium |
|
|
|
34,406 |
|
|
34,406 |
| Profit and loss account |
|
|
|
26,730 |
|
|
16,245 |
|
| Shareholders' funds |
|
|
|
61,336 |
|
|
50,851 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. |
| The financial statements have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The directors' report and statement of income and retained earnings have not been delivered to the Registrar of Companies. |
|
|
| R Cruickshank |
| Director |
| Approved by the board on 11 June 2025 |
|
| Ross Hand Estate Agents Limited |
| Notes to the Financial Statements |
| for the year ended 31 March 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The financial statements have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of estate agents services and this is recognised in the financial statements in the period the services are provided. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Plant and machinery |
20% reducing balance |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is not recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments as it is considered immaterial to the true and fair view of the financial statements. |
|
|
Pensions |
|
The company operates a defined contribution pension scheme. Contributions to defined contribution plans are expensed in the period to which they relate. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
2 |
|
2 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Intangible fixed assets |
£ |
|
Goodwill: |
|
|
Cost |
|
At 1 April 2024 |
155,923 |
|
At 31 March 2025 |
155,923 |
|
|
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 April 2024 |
144,934 |
|
Provided during the year |
3,664 |
|
At 31 March 2025 |
148,598 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2025 |
7,325 |
|
At 31 March 2024 |
10,989 |
|
|
|
|
|
|
|
|
|
|
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years. |
|
|
| 4 |
Tangible fixed assets |
|
|
|
|
Plant and machinery etc |
|
Motor vehicles |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 April 2024 |
19,369 |
|
10,985 |
|
30,354 |
|
At 31 March 2025 |
19,369 |
|
10,985 |
|
30,354 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2024 |
18,391 |
|
8,202 |
|
26,593 |
|
Charge for the year |
199 |
|
552 |
|
751 |
|
At 31 March 2025 |
18,590 |
|
8,754 |
|
27,344 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2025 |
779 |
|
2,231 |
|
3,010 |
|
At 31 March 2024 |
978 |
|
2,783 |
|
3,761 |
|
|
| 5 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade debtors |
7,293 |
|
8,339 |
|
Other debtors |
35,986 |
|
32,317 |
|
|
|
|
|
|
43,279 |
|
40,656 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans |
- |
|
5,324 |
|
Trade creditors |
7,013 |
|
8,241 |
|
Taxation and social security costs |
19,708 |
|
19,541 |
|
Other creditors |
5 |
|
1,750 |
|
|
|
|
|
|
26,726 |
|
34,856 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans |
- |
|
5,876 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Other information |
|
|
Ross Hand Estate Agents Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Central House |
|
124 High Street |
|
Hampton Hill |
|
Middlesex |
|
TW12 1NS |