Holbrook Estate Agents Seaham Limited - Accounts to registrar (filleted) - small 23.2.5
Holbrook Estate Agents Seaham Limited - Accounts to registrar (filleted) - small 23.2.5
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 29TH MARCH 2023 |
| FOR |
| HOLBROOK ESTATE AGENTS SEAHAM LIMITED |
| HOLBROOK ESTATE AGENTS SEAHAM LIMITED (REGISTERED NUMBER: 03879463) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| For The Year Ended 29th March 2023 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| HOLBROOK ESTATE AGENTS SEAHAM LIMITED |
| COMPANY INFORMATION |
| For The Year Ended 29th March 2023 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 22 Foyle Street |
| Sunderland |
| Tyne and Wear |
| SR1 1LE |
| HOLBROOK ESTATE AGENTS SEAHAM LIMITED (REGISTERED NUMBER: 03879463) |
| BALANCE SHEET |
| 29th March 2023 |
| 2023 | 2022 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| Investments | 6 |
| CURRENT ASSETS |
| Debtors | 7 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 10 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| HOLBROOK ESTATE AGENTS SEAHAM LIMITED (REGISTERED NUMBER: 03879463) |
| BALANCE SHEET - continued |
| 29th March 2023 |
| 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 |
| HOLBROOK ESTATE AGENTS SEAHAM LIMITED (REGISTERED NUMBER: 03879463) |
| NOTES TO THE FINANCIAL STATEMENTS |
| For The Year Ended 29th March 2023 |
| 1. | STATUTORY INFORMATION |
| Holbrook Estate Agents Seaham Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied for all years presented unless otherwise stated. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The Directors of Castledene Holdings Limited, the controlling party, have confirmed that they will continue to provide financial support to the group and as such all subsidiary companies within the group will be able to meet their day to day working capital requirements. |
| The Directors have reviewed the cash flow forecasts for future periods and are confident the company will be able to meet all of its liabilities when they fall due, for the foreseeable future. |
| The Directors have therefore continued to adopt the going concern basis in preparing the financial statements. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, valued added taxes and other sales taxes. |
| In connection with lettings, the company offers the following services: |
| (1) Securing the letting for the landlord including rent collection; and |
| (2) Managing the letting on behalf of the landlord. |
| Commissions earned on the above are services are recognised as follows: |
| (1) Commissions on securing the letting are recognised immediately. |
| (2) The management fee is billed and recognised as a fixed percentage of the rental receipt at the date of rent collection. |
| Goodwill |
| Goodwill being the amount paid in connection with the acquisition of a business in 2013 and 2014, is being amortised evenly of its estimated useful life of twenty years and two years respectivley. |
| 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. |
| HOLBROOK ESTATE AGENTS SEAHAM LIMITED (REGISTERED NUMBER: 03879463) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| For The Year Ended 29th March 2023 |
| 2. | ACCOUNTING POLICIES - continued |
| Tangible fixed assets |
| Fixtures and fittings | - |
| 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. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
| 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 |
| HOLBROOK ESTATE AGENTS SEAHAM LIMITED (REGISTERED NUMBER: 03879463) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| For The Year Ended 29th March 2023 |
| 4. | INTANGIBLE FIXED ASSETS |
| Other |
| intangible |
| Goodwill | assets | Totals |
| £ | £ | £ |
| COST |
| At 30th March 2022 |
| and 29th March 2023 |
| AMORTISATION |
| At 30th March 2022 |
| Charge for year |
| At 29th March 2023 |
| NET BOOK VALUE |
| At 29th March 2023 |
| At 29th March 2022 |
| 5. | TANGIBLE FIXED ASSETS |
| Fixtures |
| and |
| fittings |
| £ |
| COST |
| At 30th March 2022 |
| and 29th March 2023 |
| DEPRECIATION |
| At 30th March 2022 |
| and 29th March 2023 |
| NET BOOK VALUE |
| At 29th March 2023 |
| At 29th March 2022 |
| 6. | FIXED ASSET INVESTMENTS |
| Other |
| investments |
| £ |
| COST |
| At 30th March 2022 |
| and 29th March 2023 |
| NET BOOK VALUE |
| At 29th March 2023 |
| At 29th March 2022 |
| HOLBROOK ESTATE AGENTS SEAHAM LIMITED (REGISTERED NUMBER: 03879463) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| For The Year Ended 29th March 2023 |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2023 | 2022 |
| £ | £ |
| Trade debtors |
| Amounts owed by associates |
| Other debtors |
| Prepayments |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2023 | 2022 |
| £ | £ |
| Trade creditors |
| Amounts owed to group undertakings |
| Amounts owed to associates | 170,468 | 162,256 |
| Social security and other taxes |
| VAT | 7,904 | 10,018 |
| Other creditors |
| Accrued expenses |
| 9. | LEASING AGREEMENTS |
| Minimum lease payments under non-cancellable operating leases fall due as follows: |
| 2023 | 2022 |
| £ | £ |
| Within one year |
| Between one and five years |
| 10. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2023 | 2022 |
| value: | £ | £ |
| Ordinary | 1 | 120 | 120 |
| 11. | ULTIMATE CONTROLLING PARTY |
| The company is under the control of its parent company Castledene Holdings Limited. |