| Livermores The Estate Agents Limited |
| Registered number: |
05837423 |
| Balance Sheet |
| as at 30 April 2026 |
|
| Notes |
|
|
2026 |
|
|
2025 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
16,758 |
|
|
25,938 |
|
| Current assets |
| Debtors |
4 |
|
83,667 |
|
|
41,547 |
| Cash at bank and in hand |
|
|
116,520 |
|
|
164,100 |
|
|
|
200,187 |
|
|
205,647 |
|
| Creditors: amounts falling due within one year |
5 |
|
(208,820) |
|
|
(214,039) |
|
| Net current liabilities |
|
|
|
(8,633) |
|
|
(8,392) |
|
| Total assets less current liabilities |
|
|
|
8,125 |
|
|
17,546 |
|
|
| Provisions for liabilities |
|
|
|
(1,937) |
|
|
- |
|
|
| Net assets |
|
|
|
6,188 |
|
|
17,546 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
6,088 |
|
|
17,446 |
|
| Shareholders' funds |
|
|
|
6,188 |
|
|
17,546 |
|
|
|
|
|
|
|
|
| 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 20 August 2026 |
|
| Livermores The Estate Agents Limited |
| Notes to the Accounts |
| for the year ended 30 April 2026 |
|
|
| 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 realise 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. We have been awarded a Gold Award for Sales and Lettings in the Best Estate Agent Guide 2027. |
|
|
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 4 years |
|
Fixtures, fittings, tools and equipment |
over 4 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 |
2026 |
|
2025 |
| Number |
Number |
|
|
Average number of persons employed by the company |
19 |
|
19 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
Plant and machinery etc |
|
Motor vehicles |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 May 2025 |
140,293 |
|
55,192 |
|
195,485 |
|
Additions |
1,730 |
|
- |
|
1,730 |
|
Disposals |
- |
|
(29,990) |
|
(29,990) |
|
At 30 April 2026 |
142,023 |
|
25,202 |
|
167,225 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 May 2025 |
126,608 |
|
42,939 |
|
169,547 |
|
Charge for the year |
6,707 |
|
4,203 |
|
10,910 |
|
On disposals |
- |
|
(29,990) |
|
(29,990) |
|
At 30 April 2026 |
133,315 |
|
17,152 |
|
150,467 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 April 2026 |
8,708 |
|
8,050 |
|
16,758 |
|
At 30 April 2025 |
13,685 |
|
12,253 |
|
25,938 |
|
|
| 4 |
Debtors |
2026 |
|
2025 |
| £ |
£ |
|
|
Trade debtors |
22,458 |
|
16,800 |
|
Director's loan |
|
19,887 |
|
- |
|
Other debtors |
41,322 |
|
24,747 |
|
|
|
|
|
|
83,667 |
|
41,547 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2026 |
|
2025 |
| £ |
£ |
|
|
Trade creditors |
30,679 |
|
41,698 |
|
Taxation and social security costs |
123,813 |
|
122,322 |
|
Other creditors |
54,328 |
|
50,019 |
|
|
|
|
|
|
208,820 |
|
214,039 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Loans to directors |
|
Description and conditions |
B/fwd |
Advanced |
Repaid |
C/fwd |
| £ |
£ |
£ |
£ |
|
Paul Livermore |
|
Loan bearing 3.75% interest |
- |
|
36,186 |
|
(16,299) |
|
19,887 |
|
|
|
- |
|
36,186 |
|
(16,299) |
|
19,887 |
|
|
|
|
|
|
|
|
|
|
| 7 |
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 |
|
England |
|
DA1 1VBE |