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REGISTERED NUMBER: 01399068 (England and Wales)








FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

MOVECLIFF LIMITED

MOVECLIFF LIMITED (REGISTERED NUMBER: 01399068)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 9

MOVECLIFF LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: E Krips
K M Krips





REGISTERED OFFICE: Hotel Collingwood
11 Priory Road
Bournemouth
Dorset
BH2 5DF





REGISTERED NUMBER: 01399068 (England and Wales)





ACCOUNTANTS: Carter & Coley
Chartered Accountants
3 Durrant Road
Bournemouth
Dorset
BH2 6NE

MOVECLIFF LIMITED (REGISTERED NUMBER: 01399068)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 933,028 997,520
933,028 997,520

CURRENT ASSETS
Stocks 22,001 18,843
Debtors 6 68,966 86,952
Cash at bank 301,774 516,525
392,741 622,320
CREDITORS
Amounts falling due within one year 7 367,610 468,075
NET CURRENT ASSETS 25,131 154,245
TOTAL ASSETS LESS CURRENT
LIABILITIES

958,159

1,151,765

PROVISIONS FOR LIABILITIES 111,376 120,071
NET ASSETS 846,783 1,031,694

MOVECLIFF LIMITED (REGISTERED NUMBER: 01399068)

BALANCE SHEET - continued
31 AUGUST 2024

2024 2023
Notes £    £    £   
CAPITAL AND RESERVES
Called up share capital 200,000 200,000
Share premium 8 100,000 100,000
Non distributable reserve 8 69,025 80,739
Retained earnings 8 477,758 650,955
846,783 1,031,694

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 November 2024 and were signed on its behalf by:





E Krips - Director


MOVECLIFF LIMITED (REGISTERED NUMBER: 01399068)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024


1. STATUTORY INFORMATION

Movecliff Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Franchise fees are being amortised evenly over their estimated useful life of three years.

Computer software is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 33% on cost, 25% on reducing balance, 15% on reducing balance and 10% on cost
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


MOVECLIFF LIMITED (REGISTERED NUMBER: 01399068)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 45 (2023 - 43 ) .

4. INTANGIBLE FIXED ASSETS
Franchise Computer
fees software Totals
£    £    £   
COST
At 1 September 2023
and 31 August 2024 5,000 13,770 18,770
AMORTISATION
At 1 September 2023
and 31 August 2024 5,000 13,770 18,770
NET BOOK VALUE
At 31 August 2024 - - -
At 31 August 2023 - - -

MOVECLIFF LIMITED (REGISTERED NUMBER: 01399068)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 September 2023 1,996,640 734,421 215,599
Additions - 5,462 2,465
Disposals - (1,200 ) -
At 31 August 2024 1,996,640 738,683 218,064
DEPRECIATION
At 1 September 2023 1,146,544 661,410 161,635
Charge for year 39,933 13,863 14,109
Eliminated on disposal - (770 ) -
At 31 August 2024 1,186,477 674,503 175,744
NET BOOK VALUE
At 31 August 2024 810,163 64,180 42,320
At 31 August 2023 850,096 73,011 53,964

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 September 2023 35,399 30,360 3,012,419
Additions - 1,870 9,797
Disposals - - (1,200 )
At 31 August 2024 35,399 32,230 3,021,016
DEPRECIATION
At 1 September 2023 15,487 29,823 2,014,899
Charge for year 4,978 976 73,859
Eliminated on disposal - - (770 )
At 31 August 2024 20,465 30,799 2,087,988
NET BOOK VALUE
At 31 August 2024 14,934 1,431 933,028
At 31 August 2023 19,912 537 997,520

MOVECLIFF LIMITED (REGISTERED NUMBER: 01399068)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


5. TANGIBLE FIXED ASSETS - continued

The company has taken advantage of the transitional arrangements of FRS102 whereby those assets that had been previously revalued are treated as being at cost for the provisions of FRS102. No revaluation has been made after 1990.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 36,343 58,848
Other debtors 32,623 28,104
68,966 86,952

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Payments on account 121,864 141,137
Trade creditors 79,817 76,500
Amounts owed to group undertakings 48,604 120,263
Taxation and social security 84,535 89,255
Other creditors 32,790 40,920
367,610 468,075

8. RESERVES
Non
Retained Share distributable
earnings premium reserve Totals
£    £    £    £   

At 1 September 2023 650,955 100,000 80,739 831,694
Deficit for the year (996 ) (996 )
Dividends (183,915 ) (183,915 )
Excess depreciation 11,714 - (11,714 ) -
At 31 August 2024 477,758 100,000 69,025 646,783

The non distributable reserve represents unrealised property revaluations.

9. CONTINGENT LIABILITIES

The company's freehold property has been given as security against the borrowings of The Dorset Hotel Limited. The amount outstanding as at 31 August 2024 was £1,502,488 (2023 - £1,567,248).

MOVECLIFF LIMITED (REGISTERED NUMBER: 01399068)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


10. PARENT COMPANY

The parent company is The Dorset Hotel Limited, incorporated in England.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
MOVECLIFF LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Movecliff Limited for the year ended 31 August 2024 which comprise the Income Statement, 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 firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Movecliff Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Movecliff Limited and state those matters that we have agreed to state to the Board of Directors of Movecliff Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Movecliff Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Movecliff Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Movecliff Limited. You consider that Movecliff Limited 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 financial statements of Movecliff Limited. 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 statutory financial statements.






Carter & Coley
Chartered Accountants
3 Durrant Road
Bournemouth
Dorset
BH2 6NE


22 November 2024