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Registered number: 05479725
Clark Estates (UK) Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 05479725
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 234 376
Investments 5 20 20
254 396
CURRENT ASSETS
Stocks 3,470,781 5,638,137
Debtors 6 1,453,087 2,064,541
Cash at bank and in hand 79,864 360,001
5,003,732 8,062,679
Creditors: Amounts Falling Due Within One Year 7 (10,102,028 ) (13,196,820 )
NET CURRENT ASSETS (LIABILITIES) (5,098,296 ) (5,134,141 )
TOTAL ASSETS LESS CURRENT LIABILITIES (5,098,042 ) (5,133,745 )
PROVISIONS FOR LIABILITIES
Deferred Taxation - (238 )
NET LIABILITIES (5,098,042 ) (5,133,983 )
CAPITAL AND RESERVES
Called up share capital 8 50,000 50,000
Profit and Loss Account (5,148,042 ) (5,183,983 )
SHAREHOLDERS' FUNDS (5,098,042) (5,133,983)
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For the year ending 31 December 2024 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 director acknowledges his 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.
The financial statements were approved by the board of directors on 1 August 2025 and were signed on its behalf by:
M E Clark
Director
01/08/2025
The notes on pages 3 to 7 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Clark Estates (UK) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 05479725 . The registered office is Third Floor Link House, 25 West Street, Poole, BH15 1LD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
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 £.
2.2. Going Concern Disclosure
The financial statements have been prepared on a going concern basis.
The Company meets its working capital requirements through the support of the Clark Trusts. The directors believe the Company remains financially stable with this full support and will make significant profits on the developments that are currently in hand. The Clark Trusts have signified their willingness to support the Company for at least the next twelve months from the date of signing these accounts. 
The directors confirm the Company has adequate resources to continue its development activities and as a result they continue to adopt the going concern basis of accounting in preparing the annual financial statements.
2.3. 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.
Turnover 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.
Turnover 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.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of
depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over
their useful lives on the following bases:
Plant & Machinery 20% straight line
Motor Vehicles 25% straight line
Computer Equipment 20% straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale
proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
2.5. Stocks and Work in Progress
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.
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2.6. 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.
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.
2.7. Taxation
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.
2.8. 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.
2.9. Fixed asset investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
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2.10. Impairment of fixed assets
At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 2)
1 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2024 38,524 22,000 468 60,992
As at 31 December 2024 38,524 22,000 468 60,992
Depreciation
As at 1 January 2024 38,499 22,000 117 60,616
Provided during the period 25 - 117 142
As at 31 December 2024 38,524 22,000 234 60,758
Net Book Value
As at 31 December 2024 - - 234 234
As at 1 January 2024 25 - 351 376
5. Investments
Unlisted
£
Cost
As at 1 January 2024 20
As at 31 December 2024 20
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 20
As at 1 January 2024 20
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 83,955 9,128
Prepayments and accrued income 2,933 26,013
Other debtors 3,974 666
VAT 1,547 38,811
Director's loan account 26,439 6,035
Amounts owed by group undertakings 1,333,839 1,983,888
Amounts owed by other participating interests 400 -
1,453,087 2,064,541
Amounts owed by group undertakings are interest free and payable on demand.
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 56,361 136,125
Bank loans and overdrafts 508 647,233
Other creditors - (7,775 )
Retentions held on construction projects 92,772 92,772
Accruals and deferred income (3,028 ) 3,050
Amounts owed to parent undertaking 3,068,820 3,068,820
Amounts owed to other participating interests 6,886,595 9,256,595
10,102,028 13,196,820
Amounts owed to group undertakings are unsecured, interest free and will not be repayable until sufficient funds are
available.
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 50,000 50,000
9. Directors Advances, Credits and Guarantees
Included within creditors are the following loans to directors:
As at 1 January 2024 Amounts advanced Amounts repaid Amounts written off As at 31 December 2024
£ £ £ £ £
Mr Marc Clark 5,036 31,284 33,032 1,210 2,078
The above loans are unsecured, interest free and repayable on demand.
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10. Related Party Transactions
The Company has taken advantage of the exemption available in accordance with section 33 of FRS102 not to disclose transactions entered into between two or more members of a group, on the basis that it's subsidiaries are wholly owned.
At the year end, an amount of £400 (2023 : £0) was owed by a company with a common directorship. The loan was interest free and repayable on demand. The loan is included within amounts owed by other participating interests.
Expenses have been incurred by the Company on behalf of The Clark Trusts and others as follows:
S J Clark £297,258 (2023: £257,307)
M E Clark £31,284 (2023: £23,823)
At the year end, the Company was due £26,439 (2023: £6,035) from the directors of the company. 
11. Ultimate Controlling Party
The immediate parent company is Clark Estates (Holdings) Ltd. The Company is ultimately owned and controlled by two family trusts - SJ Clark 15 July 1995 Settlement Trust and LJ Clark 9 July 1987 Settlement Trust. The directors control the day to day activity of the Company.
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