General Information
David Cliff Property Services Limited is a private company, limited by shares, registered in England and Wales, registration number 08097357, registration address 43a Peach Street, Wokingham, Berkshire, RG40 1XJ.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102(1A) The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern
The accounts are prepared on a going concern basis. The use of the going concern basis of accounting is appropriate because there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.
Turnover
Turnover represents net invoiced sales of services, excluding value added tax. Turnover is recognised when the company obtains the right to consideration as defined in the landlord and tenants agreements. In the case of commissions in respect of property sales, turnover is recognised on exchange of contracts.
Operating lease agreements
Rentals paid under operating leases are charged to profit or loss on a straight line casis 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.
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the statement of income, 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 statement of financial position date.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 and 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.
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. Intangibles are being amortised evenly over estimated useful life of 3 years.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012 has been amortised evenly over its estimated useful life of 5 years.
Tangible fixed assets
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Short leasehold - 5 and 7 years over the term of the lease
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on reducing balance
Motor vehicle - 20% on reducing balance
At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount and an impairment loss is recognised immediately in profit or loss.
If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.
Hire purchase and leasing agreements
Assets held under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Fixed Asset Investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value. Dividends when paid are included in the profit and loss account. Consolidated accounts are not prepared as the company qualifies for exemption as part of a small group within the meaning of the Companies Act 2006.
Current asset investments
Current asset investments are stated at the lower of cost and net realisable value.
Debtors
Short term debtors are measured at transaction price less any impairment. Loans receivable are measured at initially at fair value, net of transaction costs, and are measured subsequently at amortised costs using the effective interest method.
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 subsequently measured at amortised costs using the effective interest method.
|
| 2. |
Average number of employees
Average number of employees during the year was 20 (2024 : 18).
|
| 3. |
Intangible fixed assets
| Cost |
Goodwill |
|
Other intangible assets |
|
Total |
| |
£ |
|
£ |
|
£ |
| At 01 January 2025 |
375,000 |
|
65,000 |
|
440,000 |
| Additions |
- |
|
- |
|
- |
| Disposals |
- |
|
- |
|
- |
| At 31 December 2025 |
375,000 |
|
65,000 |
|
440,000 |
| Amortisation |
| At 01 January 2025 |
375,000 |
|
65,000 |
|
440,000 |
| Charge for year |
- |
|
- |
|
- |
| On disposals |
- |
|
- |
|
- |
| At 31 December 2025 |
375,000 |
|
65,000 |
|
440,000 |
| Net book values |
| At 31 December 2025 |
- |
|
- |
|
- |
| At 31 December 2024 |
- |
|
- |
|
- |
|
| 4. |
Tangible fixed assets
| Cost or valuation |
Land and buildings |
|
Plant and machinery etc |
|
Total |
| |
£ |
|
£ |
|
£ |
| At 01 January 2025 |
25,970 |
|
215,106 |
|
241,076 |
| Additions |
- |
|
7,980 |
|
7,980 |
| Disposals |
- |
|
(1,950) |
|
(1,950) |
| At 31 December 2025 |
25,970 |
|
221,136 |
|
247,106 |
| Depreciation |
| At 01 January 2025 |
25,970 |
|
95,030 |
|
121,000 |
| Charge for year |
- |
|
25,184 |
|
25,184 |
| On disposals |
- |
|
(1,686) |
|
(1,686) |
| At 31 December 2025 |
25,970 |
|
118,528 |
|
144,498 |
| Net book values |
| Closing balance as at 31 December 2025 |
- |
|
102,608 |
|
102,608 |
| Opening balance as at 01 January 2025 |
- |
|
120,076 |
|
120,076 |
Fixed Asset Investments
The company's investments at the Statement of Financial Position date in the share capital of companies include the following:
David Cliff (Mortimer) Ltd
Registered office: United Kingdom
Nature of Business: Real Estate Agencies
Class of shares: % holding
A Ordinary £1 25%
| . |
|
31.12.25
£ |
| Aggregate capital and reserves |
|
1,545 |
| Profit / (loss) for the period / year |
|
46,802 |
The fixed asset investments are made up as follows:
Share capital of unlisted companies (as above) £25.
|
| 5. |
Investments
| Cost |
Investments in group undertakings |
|
Total |
| |
£ |
|
£ |
| At 01 January 2025 |
- |
|
- |
| Additions |
25 |
|
25 |
| Disposals |
- |
|
- |
| At 31 December 2025 |
25 |
|
25 |
|
| 6. |
Advances and Credits
D Cliff The following advances and credits to a director subsisted during the years ended 31 December 2025 and 31 December 2024.
The loan has no fixed date for repayment. Interest was charged at HMRC's official rate of interest on any borrowing. | Brought Forward
£ | Amount
£ | Interest
£ | Repaid
£ | Written Off
£ | Waived
£ | Carry Forward
£ |
|---|
| D Cliff | 26,881 | | 30,497 | | 0 | | 128,459 | | 0 | | 0 | | (71,081) | | 26,881 | | 30,497 | | 0 | | 128,459 | | 0 | | 0 | | (71,081) |
| Brought Forward
£ | Amount
£ | Interest
£ | Repaid
£ | Written Off
£ | Waived
£ | Carry Forward
£ |
|---|
| D Cliff | 7,999 | | 21,882 | | 0 | | 3,000 | | 0 | | 0 | | 26,881 | | 7,999 | | 21,882 | | 0 | | 3,000 | | 0 | | 0 | | 26,881 |
|
| 7. |
Leasing Agreements
Minimum lease payments under non-cancellable operating leases fall due as follows:
| . |
|
2025
£ |
|
2024
£ |
| Within one year |
|
48,605 |
|
55,450 |
| Between one and five years |
|
27,864 |
|
51,876 |
|
|
76,469 |
|
107,326 |
|
| 8. |
Secured Debts
There is a fixed and floating charge in favour of Lloyds Bank Plc over all the property and undertakings of the company.
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2
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