Leftmove Estate Agents Ltd

The director is responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). The financial statements are required by law to give a true and fair view of the state of affairs of the company and of the profit or loss for that period. In preparing the financial statements the director is required to:

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Strategic Report

The Director, Ross Wallis, presents the strategic report and financial statements for period 1st April 2017 to 31st March 2018.

The business has experienced considerable growth in 2017/2018, with turnover increasing by more than 50% from the previous financial year. The introduction of three new branches towards the end of the financial year reinforces the strength and commitment of Leftmove to continue to grow our network of local branches across the be North West of England with the company having an ethos of providing simple, fair and transparent fixed selling and letting commission fee structures whilst maintaining an excellent reputation for client care .

The addition of the new branches in the local area has contributed to the extensive stock register of properties Leftmove Estate Agents now has to offer our clients. We pride ourselves on our eye catching, relevant website showing the extensive services available, the dedicated and experienced team leading the branch network and glowing testimonials. Repeat business and client referrals are fast becoming the driving force behind business growth.

Leftmove continues to achieve enhanced prominence within the property market and is the fastest growing Estate Agency on the Fylde coast selling 739 properties in the financial year. This has been as a result of our forward thinking innovative marketing strategies, combined with the talent and dedicated of our team, many of whom have been with the company since day one.

Although the property market outlook remains uncertain, the business is well positioned to achieve further growth throughout the Fylde Coast and North West, in turn increasing our property stock and therefore continuing strong revenue growth. New branches will be opened in the future where the business is able to negotiate satisfactory store leases in attractive locations where there may be a gap in the market. At the end of the financial year the company had 37 employees, who are all local individuals, providing good prospects for employment in the area and are currently advertising for three new positions for the new financial year.

The focus for 2018 is to maintain and improve current margins and achieve satisfactory return on our investment, growing the current branch network to its full potential. Majority of the profit from 2017/2018 has been re-invested back into the company, which has contributed to the business’s balance sheet remaining strong throughout this period of growth and thus the company is well positioned as a market leader to support further business growth.

The directors who held office during the year were as follows:

Mr Ross Wallis

Report to the director on the preparation of the unaudited statutory accounts of Leftmove Estate Agents Ltd For The Year Ended 31 March 2018

To assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Leftmove Estate Agents Ltd which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.

As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made to the director of Leftmove Estate Agents Ltd, as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Leftmove Estate Agents Ltd and state those matters that we have agreed to state to the director of Leftmove Estate Agents Ltd, as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Leftmove Estate Agents Ltd and its director as a body for our work or for this report.

It is your duty to ensure that Leftmove Estate Agents Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Leftmove Estate Agents Ltd. You consider that Leftmove Estate Agents Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Leftmove Estate Agents Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.