Shaws Estate Agents Limited - Accounts

SHAWS ESTATE AGENTS LIMITED - Company Information

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Registered Number: 02967733

England and Wales

Abridged Accounts

for the year ended 31 December 2022

for

SHAWS ESTATE AGENTS LIMITED

Shaws Estate Agents Limited
Contents Page
For the year ended 31 December 2022

Statement of financial position	1
Notes to the financial statements	2

Registered Number: 02967733 Shaws Estate Agents Limited
Statement of Financial Position
As at 31 December 2022

	Notes	2022 £	2021 £
Fixed assets
Tangible fixed assets	3	32,781	45,999
Investments	4	199	199
		32,980	46,198
Current assets
Debtors		31,750	86,635
Cash at bank and in hand		466,521	446,996
		498,271	533,631
Creditors: amount falling due within one year		(280,558)	(281,450)
Net current assets		217,713	252,181

Total assets less current liabilities		250,693	298,379
Net assets		250,693	298,379

Capital and reserves
Called up share capital	5	830	830
Capital Redemption Reserve		30	30
Profit and loss account		249,833	297,519
Shareholder's funds		250,693	298,379

For the year ended 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the board of directors on 12 September 2023 and were signed on its behalf by:

-------------------------------
John Read
Director

Shaws Estate Agents Limited
Notes to the Abridged Financial Statements
For the year ended 31 December 2022

General Information

Shaws Estate Agents Limited is a private company, limited by shares, registered in England and Wales, registration number 02967733, registration address Mountbatten House Fairacres, Dedworth Road, Windsor, Berkshire, SL4 4LE.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Land and Buildings	10% Straight Line
Fixtures and Fittings	20% Reducing Balance

Assets on finance lease and hire purchase

Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.

Fixed asset investments

Fixed asset investments are stated at cost less provision for any permanent diminution in value.

2.	Average number of employees Average number of employees during the year was 15 (2021 : 19).

Tangible fixed assets

Cost or valuation	Plant and Machinery	Fixtures and Fittings	Land and Buildings	Total
	£	£	£	£
At 01 January 2022	80,145	68,337	143,422	291,904
Additions	-	-	-	-
Disposals	-	-	-	-
At 31 December 2022	80,145	68,337	143,422	291,904
Depreciation
At 01 January 2022	76,212	63,025	106,668	245,905
Charge for year	1,808	1,439	9,971	13,218
On disposals	-	-	-	-
At 31 December 2022	78,020	64,464	116,639	259,123
Net book values
Closing balance as at 31 December 2022	2,125	3,873	26,783	32,781
Opening balance as at 01 January 2022	3,933	5,312	36,754	45,999

The net book value of Land and Buildings includes £ 26,783 (2021 £36,754) in respect of assets leased under finance leases or hire purchase contracts.

Investments

Cost	Investments in group undertakings	Total
	£	£
At 01 January 2022	199	199
Additions	-	-
Transfer to/from tangible fixed assets	-	-
Disposals	-	-
At 31 December 2022	199	199

Share Capital

Allotted, called up and fully paid	2022 £		2021 £
870 Class A shares of £1.00 each	870		870
	870		870