Acorah Software Products - Accounts Production 14.5.601 false true true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 11343969 S R Rew A C Rew iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11343969 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2023-11-30 11343969 2022-11-30 11343969 2023-11-30 11343969 2022-12-01 2023-11-30 11343969 frs-core:CurrentFinancialInstruments 2023-11-30 11343969 frs-core:Non-currentFinancialInstruments 2023-11-30 11343969 frs-core:BetweenOneFiveYears 2023-11-30 11343969 frs-core:FurnitureFittings 2022-12-01 2023-11-30 11343969 frs-core:NetGoodwill 2023-11-30 11343969 frs-core:NetGoodwill 2022-12-01 2023-11-30 11343969 frs-core:NetGoodwill 2022-11-30 11343969 frs-core:LandBuildings 2023-11-30 11343969 frs-core:LandBuildings 2022-12-01 2023-11-30 11343969 frs-core:LandBuildings 2022-11-30 11343969 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 11343969 frs-core:MotorVehicles 2022-12-01 2023-11-30 11343969 frs-core:PlantMachinery 2023-11-30 11343969 frs-core:PlantMachinery 2022-12-01 2023-11-30 11343969 frs-core:PlantMachinery 2022-11-30 11343969 frs-core:WithinOneYear 2023-11-30 11343969 frs-core:ShareCapital 2023-11-30 11343969 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 11343969 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 11343969 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 11343969 frs-bus:SmallEntities 2022-12-01 2023-11-30 11343969 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 11343969 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 11343969 frs-core:CostValuation 2022-11-30 11343969 frs-core:CostValuation 2023-11-30 11343969 frs-core:ProvisionsForImpairmentInvestments 2022-11-30 11343969 frs-core:ProvisionsForImpairmentInvestments 2023-11-30 11343969 frs-bus:Director1 2022-12-01 2023-11-30 11343969 frs-bus:Director1 2022-11-30 11343969 frs-bus:Director1 2023-11-30 11343969 frs-bus:Director2 2022-12-01 2023-11-30 11343969 frs-bus:Director2 2022-11-30 11343969 frs-bus:Director2 2023-11-30 11343969 frs-countries:EnglandWales 2022-12-01 2023-11-30 11343969 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2022-11-30 11343969 2021-11-30 11343969 2022-11-30 11343969 2021-12-01 2022-11-30 11343969 frs-core:CurrentFinancialInstruments 2022-11-30 11343969 frs-core:Non-currentFinancialInstruments 2022-11-30 11343969 frs-core:BetweenOneFiveYears 2022-11-30 11343969 frs-core:WithinOneYear 2022-11-30 11343969 frs-core:ShareCapital 2022-11-30 11343969 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30
Registered number: 11343969
Livermead Cliff Limited
Unaudited Financial Statements
For The Year Ended 30 November 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—8
Page 1
Balance Sheet
Registered number: 11343969
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 64,391 68,707
Tangible Assets 5 4,127,980 4,097,451
Investments 6 1 1
4,192,372 4,166,159
CURRENT ASSETS
Stocks 20,502 25,918
Debtors 7 76,807 54,097
Cash at bank and in hand 263,397 439,304
360,706 519,319
Creditors: Amounts Falling Due Within One Year 8 (455,148 ) (474,313 )
NET CURRENT ASSETS (LIABILITIES) (94,442 ) 45,006
TOTAL ASSETS LESS CURRENT LIABILITIES 4,097,930 4,211,165
Creditors: Amounts Falling Due After More Than One Year 9 (868,710 ) (943,626 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (53,053 ) (37,543 )
NET ASSETS 3,176,167 3,229,996
CAPITAL AND RESERVES
Called up share capital 12 2,883,997 2,883,997
Profit and Loss Account 292,170 345,999
SHAREHOLDERS' FUNDS 3,176,167 3,229,996
Page 1
Page 2
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
A C Rew
Director
11 April 2024
The notes on pages 3 to 8 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Livermead Cliff Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11343969 . The registered office is Haldon House, 4 Castle Road, Torquay, Devon, TQ1 3BG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The financial statements have been prepared on the going concern basis albeit that there are net current liabilities reported on the balance sheet.
The directors have reviewed the management figures since the balance sheet date and a cash flow forecast for the coming 12 months and are satisfied that the company will continue to trade profitably and that it has the finances in place to do so.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. 
Turnover in respect of hotel accommodation and events, such as weddings, is recognised at the date of the stay or event. Deposits received in advance are deferred until this date. Other sales are recognised on the day of delivery.
2.4. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 20 years.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold None
Motor Vehicles 10% on reducing balance
Fixtures & Fittings 10% on reducing balance
No depreciation is provided on freehold property, as the directors consider that the residual value of the company's properties is such that depreciation would be immaterial. The company has a policy and practice of regular maintenance and repair, charges for which are recognised in the profit and loss account, such that these assets are kept to their previously assessed standard of performance and the properties are unlikely to suffer from economic or technological obsolescence.
2.6. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets.  
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
Page 3
Page 4
2.7. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. 
2.8. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.9. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.10. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 55 (2022: 63)
55 63
Page 4
Page 5
4. Intangible Assets
Goodwill
£
Cost
As at 1 December 2022 86,333
As at 30 November 2023 86,333
Amortisation
As at 1 December 2022 17,626
Provided during the period 4,316
As at 30 November 2023 21,942
Net Book Value
As at 30 November 2023 64,391
As at 1 December 2022 68,707
5. Tangible Assets
Land & Buildings Plant & Machinery etc. Total
£ £ £
Cost
As at 1 December 2022 3,896,787 271,385 4,168,172
Additions - 58,050 58,050
As at 30 November 2023 3,896,787 329,435 4,226,222
Depreciation
As at 1 December 2022 - 70,721 70,721
Provided during the period - 27,521 27,521
As at 30 November 2023 - 98,242 98,242
Net Book Value
As at 30 November 2023 3,896,787 231,193 4,127,980
As at 1 December 2022 3,896,787 200,664 4,097,451
Page 5
Page 6
6. Investments
Subsidiaries
£
Cost
As at 1 December 2022 1
As at 30 November 2023 1
Provision
As at 1 December 2022 -
As at 30 November 2023 -
Net Book Value
As at 30 November 2023 1
As at 1 December 2022 1
Fixed asset investments represent investment in subsidiaries and are recognised at cost.
7. Debtors
2023 2022
£ £
Due within one year
Trade debtors 20,369 32,582
Other debtors 56,438 21,515
76,807 54,097
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 9,472 9,279
Trade creditors 74,241 74,174
Bank loans and overdrafts 79,438 79,436
Other creditors 202,481 215,364
Taxation and social security 89,516 96,060
455,148 474,313
Page 6
Page 7
9. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 14,898 10,375
Bank loans 778,812 858,251
Other creditors 75,000 75,000
868,710 943,626
Of the creditors falling due after more than one year the following amounts are due after more than five years.
2023 2022
£ £
Bank loans 486,060 555,497
10. Secured Creditors
Of the creditors the following amounts are secured.
The bank loans and borrowings are secured by way of fixed and floating charges over the company's property and other assets.
Hire purchase and finance lease liabilities are secured against the assets to which the contracts relate.
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 24,370 19,654
Bank loans and overdrafts 833,250 937,687
11. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 9,472 9,279
Later than one year and not later than five years 14,898 10,375
24,370 19,654
24,370 19,654
12. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2,883,997 2,883,997
Page 7
Page 8
13. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 December 2022 Amounts advanced Amounts repaid Amounts written off As at 30 November 2023
£ £ £ £ £
Mrs Sylvia Rew 12,249 6,714 15,623 - 3,340
Mr Anthony Rew 2,146 41,564 9,881 - 33,829
The above loans are unsecured and repayable on demand and interest is charged at 2.00 - 2.25% pa on overdrawn balances.
Page 8