Acorah Software Products - Accounts Production 16.6.950 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 04358465 Mrs V Clifton Mr W J Clifton iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04358465 2024-03-31 04358465 2025-03-31 04358465 2024-04-01 2025-03-31 04358465 frs-core:CurrentFinancialInstruments 2025-03-31 04358465 frs-core:FurnitureFittings 2025-03-31 04358465 frs-core:FurnitureFittings 2024-04-01 2025-03-31 04358465 frs-core:FurnitureFittings 2024-03-31 04358465 frs-core:MotorVehicles 2025-03-31 04358465 frs-core:MotorVehicles 2024-04-01 2025-03-31 04358465 frs-core:MotorVehicles 2024-03-31 04358465 frs-core:PlantMachinery 2025-03-31 04358465 frs-core:PlantMachinery 2024-04-01 2025-03-31 04358465 frs-core:PlantMachinery 2024-03-31 04358465 frs-core:ShareCapital 2025-03-31 04358465 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 04358465 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 04358465 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 04358465 frs-bus:SmallEntities 2024-04-01 2025-03-31 04358465 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 04358465 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 04358465 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-03-31 04358465 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2025-03-31 04358465 frs-bus:Director1 2024-04-01 2025-03-31 04358465 frs-bus:Director2 2024-04-01 2025-03-31 04358465 frs-countries:EnglandWales 2024-04-01 2025-03-31 04358465 2023-03-31 04358465 2024-03-31 04358465 2023-04-01 2024-03-31 04358465 frs-core:CurrentFinancialInstruments 2024-03-31 04358465 frs-core:ShareCapital 2024-03-31 04358465 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 04358465 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-03-31
Registered number: 04358465
VW Clifton Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Harris Lacey and Swain
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04358465
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 243 321
Investment Properties 5 640,000 580,000
640,243 580,321
CURRENT ASSETS
Debtors 6 2,256 833
Cash at bank and in hand 1,138 1,409
3,394 2,242
Creditors: Amounts Falling Due Within One Year 7 (269,446 ) (264,216 )
NET CURRENT ASSETS (LIABILITIES) (266,052 ) (261,974 )
TOTAL ASSETS LESS CURRENT LIABILITIES 374,191 318,347
PROVISIONS FOR LIABILITIES
Deferred Taxation (54,590 ) (43,190 )
NET ASSETS 319,601 275,157
CAPITAL AND RESERVES
Called up share capital 8 2 2
Fair value reserve 9 248,678 248,678
Profit and Loss Account 70,921 26,477
SHAREHOLDERS' FUNDS 319,601 275,157
Page 1
Page 2
For the year ending 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 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.
On behalf of the board
Mr W J Clifton
Director
25/11/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
VW Clifton Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04358465 . The registered office is Suite 1, The Riverside Builidng,, Livingstone Road, Hessle, East Yorkshire, HU13 0DZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Significant judgements and estimations
Estimates and judgements are continually evaluated and are based on historical experience and other factors,
including expectations of future events that are believed to be reasonable under the circumstances. Although
these estimates are based on the Directors' best knowledge of the amount, events or actions, actual results
ultimately differ from these estimates. The Directors do not consider there to be any material estimates and
judgements.
2.3. Turnover
Turnover represents property rentals due for the period.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 4 years on cost
Motor Vehicles 25% NBV
Fixtures & Fittings 15% NBV
2.5. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.6. Financial Instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments, including trade and other debtors and creditors are initially recognised
at transaction value and subsequently measure at their settlement value.
2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
Page 3
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost or Valuation
As at 1 April 2024 3,399 21,000 4,734 29,133
As at 31 March 2025 3,399 21,000 4,734 29,133
Depreciation
As at 1 April 2024 3,377 20,882 4,553 28,812
Provided during the period 22 30 26 78
As at 31 March 2025 3,399 20,912 4,579 28,890
Net Book Value
As at 31 March 2025 - 88 155 243
As at 1 April 2024 22 118 181 321
5. Investment Property
2025
£
Fair Value
As at 1 April 2024 580,000
Revaluations 60,000
As at 31 March 2025 640,000
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 2,256 833
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Other creditors 269,211 263,981
Taxation and social security 235 235
269,446 264,216
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 2 2
Page 4
Page 5
9. Reserves
Fair Value Reserve
£
As at 1 April 2024 248,678
As at 31 March 2025 248,678
Page 5