Avercliff Limited Accounts






Avercliff Limited

	Company No. 01649409
		Information for Filing with The Registrar
		31 March 2025

The Director presents his report and the accounts for the year ended 31 March 2025.

Principal activities
The principal activity of the company during the year under review was that of buying and selling antiques and providing related advisory services.




Director

The Director who served at any time during the year was as follows:

F.D. Partridge









































































The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

F.D. Partridge
Director
13 October 2025

at	31 March 2025
Company No.		01649409	Notes	2025	2024
				£	£
Fixed assets

	Tangible assets		4	221,730	222,979


				221,730	222,979
Current assets
	Stocks		5	4,576,290	4,632,827
	Debtors		6	121,678	15,630

	Cash at bank and in hand			92	5,167
				4,698,060	4,653,624
Creditors: Amount falling due within one year			7	(2,910,974)	(2,867,061)
Net current assets				1,787,086	1,786,563
Total assets less current liabilities				2,008,816	2,009,542




Net assets				2,008,816	2,009,542

Capital and reserves
	Called up share capital			2	2

	Revaluation reserve		8	16,795	16,795

	Profit and loss account		8	1,992,019	1,992,745

Total equity				2,008,816	2,009,542



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the year ended 31 March 2025 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.



As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 13 October 2025 and signed on its behalf by:
F.D. Partridge
Director
13 October 2025

for the year ended 31 March 2025

General information

Avercliff Limited is a private company limited by shares and incorporated in England and Wales.

Its registered number is: 01649409

Its registered office is:

Its trading address is:

Preston Court

5 Frederic Mews

Preston-on-Wye

Kinnerton Street

Hereford

London

HR2 9JU

SW1X 8EQ

The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Accounting policies

Turnover

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

Tangible fixed assets and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:

Furniture, fittings and equipment

25% Straight line

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs.

Work in progress is reflected in the accounts on a contract by contract basis by recording revenue and related costs as contract activity progresses.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Foreign currencies

The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.

Transactions in currencies, other than the functional currency of the Company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. all differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.

3	Employees
			2025	2024
			Number	Number
		The average monthly number of employees (including directors) during the year was:	2	2

4	Tangible fixed assets
			Land and buildings	Fixtures, fittings and equipment	Total
			£	£	£
		Cost or revaluation
		At 1 April 2024	210,491	51,675	262,166




		At 31 March 2025	210,491	51,675	262,166
		Depreciation
		At 1 April 2024	-	39,187	39,187
		Charge for the year	-	1,249	1,249



		At 31 March 2025	-	40,436	40,436
		Net book values
		At 31 March 2025	210,491	11,239	221,730
		At 31 March 2024	210,491	12,488	222,979

5	Stocks
			2025	2024
			£	£


		Finished goods	4,576,290	4,632,827
			4,576,290	4,632,827

6	Debtors
			2025	2024
			£	£
		Trade debtors	-	15,630





		Other debtors	121,678	-

			121,678	15,630

7	Creditors:
		amounts falling due within one year
			2025	2024
			£	£

		Bank loans and overdrafts	1,224	2,559




		Taxes and social security	4,160	13,338
		Loans from directors	2,898,608	2,844,847

		Accruals and deferred income	6,982	6,317
			2,910,974	2,867,061

8	Reserves
			Revaluation Reserve	Total other reserves
			£	£
		At 1 April 2023	16,795	16,795



		At 31 March 2024 and 1 April 2024	16,795	16,795



		At 31 March 2025	16,795	16,795

		Revaluation reserve - reflects the revaluation of property other than investment properties.


		Profit and loss account - includes all current and prior period retained profits and losses.