A&A Estate Agent Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 11871488 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

A&A Estate Agent Limited

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

Directors:

Mrs A L Notman

Mrs A M Rice

Registered office:

Abacus House

129 North Hill

Plymouth

Devon

PL4 8JY

Business address:

c/o Captains Paddock

Higher Penhale

St Johns

Torpoint

Cornwall

PL11 3AU

Registered number:

11871488 (England and Wales)

Accountants:

Nigel Webster & Co

129 North Hill

Plymouth

Devon

PL4 8JY

Fixed assets

Tangible assets

4

1,707

2,367

Current assets

Debtors

5

281

450

Cash at bank

18,663

23,971

18,944

24,421

Creditors

Amounts falling due within one year

6

21,466

24,061

Net current (liabilities)/assets

(2,522

)

360

Total assets less current liabilities

(815

)

2,727

Capital and reserves

Called up share capital

7

2

2

Retained earnings

(817

)

2,725

Shareholders' funds

(815

)

2,727

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 July 2023 and were signed on its behalf by:

Mrs A L Notman - Director

1.	STATUTORY INFORMATION

A&A Estate Agent Limited is a private company, limited by shares, registered in England and Wales. The company's registered number, registered office address, and business 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.

Going concern

The financial statements have been prepared on the going concern basis. This basis assumes that the company will have sufficient funding to enable it to continue to operate for the foreseeable future with the support of the director, who believes that the going concern basis of preparation remains appropriate in the company's circumstances.

Turnover

Turnover includes revenue earned from the rendering of services. Turnover is measured at the fair value of the consideration receivable and net of value added tax, discounts and other sales taxes for services provided, with fees receivable through the receipt of rent on behalf of clients.

Tangible fixed assets

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

Equipment

-

20% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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.

Debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts

Creditors

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Provisions

Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Equipment

£

Cost

At 1 April 2022

4,331

Additions

225

At 31 March 2023

4,556

Depreciation

At 1 April 2022

1,964

Charge for year

885

At 31 March 2023

2,849

Net book value

At 31 March 2023

1,707

At 31 March 2022

2,367

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Other debtors

281

450

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Taxation and social security

17,926

20,408

Other creditors

3,540

3,653

21,466

24,061

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2023

2022

value:

£

£

2

Ordinary shares

£1

2

2

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the company owed the following amounts to its directors:-

Name

Relationship

Amount

Mrs A Notman

Director and shareholder

£44

Mrs A Rice

Director and shareholder

£2,422

These amounts were interest free, unsecured and carry no fixed term of repayment.

9.	POST BALANCE SHEET EVENTS

The directors sold the business, with a completion date on 14 April 2023.

10.	ULTIMATE CONTROLLING PARTY

The company is controlled by its directors.