Charles Harding Estate Agents Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 05111365 (England and Wales)

ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

CHARLES HARDING ESTATE AGENTS LIMITED

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J C Harding

Mr M O Reynolds

Mr M M Reynolds

Mr G C Harding

SECRETARY:

Mr J C Harding

REGISTERED OFFICE:

37 Wood Street

Old Town

Swindon

Wiltshire

SN1 4AN

REGISTERED NUMBER:

05111365 (England and Wales)

ACCOUNTANTS:

Haines Watts

Chartered Accountants

Old Station House

Station Approach

Swindon

Wiltshire

SN1 3DU

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

27,737

9,332

27,737

9,332

CURRENT ASSETS

Debtors

272,526

277,776

Cash at bank

120,359

179,558

392,885

457,334

CREDITORS

Amounts falling due within one year

83,797

84,815

NET CURRENT ASSETS

309,088

372,519

TOTAL ASSETS LESS CURRENT LIABILITIES

336,825

381,851

CREDITORS

Amounts falling due after more than one year

(35,589

)

(31,559

)

PROVISIONS FOR LIABILITIES

(2,659

)

(1,602

)

NET ASSETS

298,577

348,690

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

298,477

348,590

298,577

348,690

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Statement of Financial Position for the year ended 31 May 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 28 May 2024 and were signed on its behalf by:

Mr G C Harding - Director

1.	STATUTORY INFORMATION

Charles Harding 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 for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2004, has been fully

amortised.

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.

Patents and licences have been fully amortised.

Tangible fixed assets

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

Plant and machinery etc

-

15% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 4 (2022 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 June 2022

and 31 May 2023

212,620

AMORTISATION

At 1 June 2022

and 31 May 2023

212,620

NET BOOK VALUE

At 31 May 2023

-

At 31 May 2022

-

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 June 2022

65,235

Additions

21,751

At 31 May 2023

86,986

DEPRECIATION

At 1 June 2022

55,903

Charge for year

3,346

At 31 May 2023

59,249

NET BOOK VALUE

At 31 May 2023

27,737

At 31 May 2022

9,332

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2023 and 31 May 2022:

31/5/23

31/5/22

£

£

Mr J C Harding

Balance outstanding at start of year

74,479

56,192

Amounts advanced

73,400

74,787

Amounts repaid

(75,000

)

(56,500

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

72,879

74,479

Mr M O Reynolds

Balance outstanding at start of year

74,521

56,306

Amounts advanced

108,479

74,715

Amounts repaid

(75,000

)

(56,500

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

108,000

74,521