Registered number
05837423
Livermores The Estate Agents Limited
Filleted Accounts
30 April 2024
Livermores The Estate Agents Limited
Registered number: 05837423
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 29,630 33,261
Current assets
Debtors 4 1,008,246 988,391
Cash at bank and in hand 120,405 82,917
1,128,651 1,071,308
Creditors: amounts falling due within one year 5 (192,209) (123,893)
Net current assets 936,442 947,415
Total assets less current liabilities 966,072 980,676
Creditors: amounts falling due after more than one year 6 (11,283) (35,850)
Provisions for liabilities - (35)
Net assets 954,789 944,791
Capital and reserves
Called up share capital 100 100
Profit and loss account 954,689 944,691
Shareholders' funds 954,789 944,791
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
….............................................
Paul Livermore
Director
For Approval by the board on 21 January 2025
Livermores The Estate Agents Limited
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

At the time of approval of these accounts and in light of new instructions and the availability of management information for the subsequent accounting period showing sustained financial performance the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and so the going concern basis of accounting has been adopted in preparing these accounts.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and Value Added Tax. Turnover includes:

(a) Commission earned on the sales of residential property, which is recognised upon exchange of contract.

(b) Residential letting services to customers include tenant introduction, tenancy renewals, rent collection services, and full property management. Fees earned for tenant introductions and tenancy renewals are fully recognised upon delivery of the services when the tenancy commences or renews. Fees earned for rent collection services and full property management are recognised on a straight-line basis over the life of the contract in accordance with the performance obligations.

(c) Conveyancing referral fees are recognised at a point in time.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 20 21
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 May 2023 122,385 55,192 177,577
Additions 8,721 - 8,721
At 30 April 2024 131,106 55,192 186,298
Depreciation
At 1 May 2023 116,270 28,046 144,316
Charge for the year 4,153 8,199 12,352
At 30 April 2024 120,423 36,245 156,668
Net book value
At 30 April 2024 10,683 18,947 29,630
At 30 April 2023 6,115 27,146 33,261
4 Debtors 2024 2023
£ £
Trade debtors 23,320 2,381
Amounts owed by undertakings under common control 441,222 439,501
Directors loan 524,368 538,468
Other debtors 19,336 8,041
1,008,246 988,391
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,234 22,572
Obligations under finance lease and hire purchase contracts 6,193 4,149
Trade creditors 27,290 26,586
Taxation and social security costs 101,048 68,005
Other creditors 47,444 2,581
192,209 123,893
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 11,283 23,627
Obligations under finance lease and hire purchase contracts - 12,223
11,283 35,850
7 Loans 2024 2023
£ £
Creditors include:
Secured bank loans 21,517 41,311
National Westminster Bank holds a fixed and floating charge over the undertaking and its assets.
8 Other financial commitments 2024 2023
£ £
Total future minimum payments under non-cancellable operating leases - 4,351
9 Loans to directors
Description and conditions B/fwd Advanced Repaid C/fwd
£ £ £ £
Paul Livermore
Interest-free loan 538,468 - (14,100) 524,368
538,468 - (14,100) 524,368
10 Other information
Livermores The Estate Agents Limited is a private company limited by shares and incorporated in England. Its registered office is:
1 Hythe Street
Dartford
Kent
DA1 1BE
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