Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 18 October 2024 1 January 2023 31 December 2023 31 December 2023 11543510 Mr A De Rouge iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11543510 2022-12-31 11543510 2023-12-31 11543510 2023-01-01 2023-12-31 11543510 frs-core:CurrentFinancialInstruments 2023-12-31 11543510 frs-core:ShareCapital 2023-12-31 11543510 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 11543510 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11543510 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 11543510 frs-bus:SmallEntities 2023-01-01 2023-12-31 11543510 frs-bus:Audited 2023-01-01 2023-12-31 11543510 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 11543510 frs-bus:Director1 2023-01-01 2023-12-31 11543510 1 2023-01-01 2023-12-31 11543510 frs-countries:EnglandWales 2023-01-01 2023-12-31 11543510 2021-12-31 11543510 2022-12-31 11543510 2022-01-01 2022-12-31 11543510 frs-core:CurrentFinancialInstruments 2022-12-31 11543510 frs-core:ShareCapital 2022-12-31 11543510 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 11543510 1 2022-01-01 2022-12-31
CLIVEDALE SERVICES LIMITED
Financial Statements
For The Year Ended 31 December 2023
Financial Statements
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 11543510
2023 2022
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 1,298,718 1,724,147
Cash at bank and in hand 672,071 199,885
1,970,789 1,924,032
Creditors: Amounts Falling Due Within One Year 5 (1,419,397 ) (1,505,724 )
NET CURRENT ASSETS (LIABILITIES) 551,392 418,308
TOTAL ASSETS LESS CURRENT LIABILITIES 551,392 418,308
NET ASSETS 551,392 418,308
CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Profit and Loss Account 550,392 417,308
SHAREHOLDERS' FUNDS 551,392 418,308
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
Mr A De Rouge
Director
18/10/2024
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
CLIVEDALE SERVICES LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 11543510 . The registered office is 73 Brook Street, London, England, W1K 4HX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
2.2. Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.


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


Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.
2.3. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
2.4. Financial Instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. 
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
...CONTINUED
Page 2
Page 3
2.4. Financial Instruments - continued
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
2.5. Employee Benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock of fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
2.6. Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
2.7. Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
2.8. Judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3. Average Number of Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023 2022
Total 12 10
12 10
4. Debtors
2023 2022
£ £
Due within one year
Amounts owed by group undertakings 1,062,996 1,518,313
Other debtors 235,722 205,834
1,298,718 1,724,147
Page 3
Page 4
5. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 120,664 87,013
Amounts owed to group undertakings 991,571 1,005,406
Other creditors 101,195 67,232
Taxation and social security 205,967 346,073
1,419,397 1,505,724
6. FRC's Ethical Standard - Provision Available for Small Entities
In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.
7. Service charge income and expenditure
The company incurred and recharged service charge costs of 2023: £2,672,064 (2022: £2,144,798) in the financial year. 
8. Audit Information
The auditors report on the account of CLIVEDALE SERVICES LIMITED for the year ended 31 December 2023 was unqualified
The auditor's report was signed by Sunil Phakkey (Senior Statutory Auditor) for and on behalf of Pritchard Fellows & Co , Statutory Auditor
Pritchard Fellows & Co
Chartered Certified Accountants & Reg. Auditors
Avery House
8 Avery Hill Road
London
SE9 2BD
Page 4