Registered number
05837423
Livermores The Estate Agents Limited
Filleted Accounts
30 April 2025
Livermores The Estate Agents Limited
Registered number: 05837423
Balance Sheet
as at 30 April 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 25,938 29,630
Current assets
Debtors 4 41,547 1,008,246
Cash at bank and in hand 164,100 120,405
205,647 1,128,651
Creditors: amounts falling due within one year 5 (214,039) (192,209)
Net current (liabilities)/assets (8,392) 936,442
Total assets less current liabilities 17,546 966,072
Creditors: amounts falling due after more than one year 6 - (11,283)
Net assets 17,546 954,789
Capital and reserves
Called up share capital 100 100
Profit and loss account 17,446 954,689
Shareholders' funds 17,546 954,789
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
Approved by the board on 11 July 2025
Livermores The Estate Agents Limited
Notes to the Accounts
for the year ended 30 April 2025
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).

The accounts are presented in pounds sterling rounded to the nearest pound. The functional currency is pounds sterling.

The accounts have been prepared on a going concern basis, which assumes the company will be able to realize its assets and discharge its liabilities in the normal course of business. The company continues to receive active enquiries from landlords and sellers who recognise our 'full service' and local expertise which blends traditional marketing techniques with the best technological advancements resulting in a reliable and sustainable pipeline of instructions in the year ahead.
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 2025 2024
Number Number
Average number of persons employed by the company 19 20
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 May 2024 131,106 55,192 186,298
Additions 9,187 - 9,187
At 30 April 2025 140,293 55,192 195,485
Depreciation
At 1 May 2024 120,423 36,245 156,668
Charge for the year 6,185 6,694 12,879
At 30 April 2025 126,608 42,939 169,547
Net book value
At 30 April 2025 13,685 12,253 25,938
At 30 April 2024 10,683 18,947 29,630
4 Debtors 2025 2024
£ £
Trade debtors 16,800 23,320
Amounts owed by undertaking under common control - 441,222
Directors loan - 524,368
Other debtors 24,747 19,336
41,547 1,008,246
5 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts - 10,234
Obligations under finance lease and hire purchase contracts - 6,193
Trade creditors 41,698 27,290
Taxation and social security costs 122,322 101,048
Other creditors 50,019 47,444
214,039 192,209
6 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans - 11,283
7 Loans 2025 2024
£ £
Creditors include:
Secured bank loans - 21,517
The debenture dated 30 July 2010 held by National Westminster Bank Plc was satisfied on 21 May 2024.
8 Loans to directors
Description and conditions B/fwd Advanced Repaid C/fwd
£ £ £ £
Paul Livermore
Interest-free loan 524,368 68,819 (593,187) -
524,368 68,819 (593,187) -
9 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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