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Registered number: 04971422

Berkley Properties Ltd

ACCOUNTS
FOR THE 516 DAY PERIOD ENDED 31/05/2023

Prepared By:
Greenhalgh Johnson Ltd
Accountants & Tax Advisors
Elland House
22 High Street
Burgh le Marsh
Skegness
PE24 5JT

Berkley Properties Ltd

ACCOUNTS
FOR THE 516 DAY PERIOD ENDED 31/05/2023
DIRECTORS
David John Fravigar
SECRETARY
K A Dixon
REGISTERED OFFICE
1 Hall Lane
Burgh le Marsh
Skegness
Lincolnshire
PE24 5AH
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 04971422
BANKERS
Barclays Bank Plc
ACCOUNTANTS
Greenhalgh Johnson Ltd
Accountants & Tax Advisors
Elland House
22 High Street
Burgh le Marsh
Skegness
PE24 5JT

Berkley Properties Ltd

ACCOUNTS
FOR THE516 DAY PERIODENDED31/05/2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Berkley Properties Ltd

BALANCE SHEET AT 31/05/2023
20232022
Notes££
FIXED ASSETS
Tangible assets3159,87886,714
CURRENT ASSETS
Stock175,000125,000
Debtors51,012,4391,326,346
Cash at bank and in hand182,491330,220
1,369,9301,781,566
CREDITORS: Amounts falling due within one year6692,9931,157,353
NET CURRENT ASSETS676,937624,213
TOTAL ASSETS LESS CURRENT LIABILITIES836,815710,927
PROVISIONS FOR LIABILITIES AND CHARGES76,89312,624
NET ASSETS829,922698,303
CAPITAL AND RESERVES
Called up share capital811
Profit and loss account829,921698,302
SHAREHOLDERS' FUNDS829,922698,303
For the year ending 31/05/2023 the company was entitled to exemption 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 directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 30/09/2023 and signed on their behalf by
.............................
David John Fravigar
Director

Berkley Properties Ltd

NOTES TO THE ACCOUNTS
FOR THE 516 DAY PERIOD ENDED 31/05/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 25%
Commercial Vehiclesreducing balance 25%
Fixtures and Fittingsreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). 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 stocks recognised as an expense in the period in which the reversal occurs.
2. EMPLOYEES
20232022
No.No.
Average number of employees55

Berkley Properties Ltd

3. TANGIBLE FIXED ASSETS
Land AndPlant and
BuildingsMachinery Etc.Total
£££
Cost
At 01/01/2022-227,582227,582
Additions120,000164,275284,275
Disposals-(208,995)(208,995)
At 31/05/2023120,000182,862302,862
Depreciation
At 01/01/2022-140,868140,868
Disposals-(11,180)(11,180)
For the 516 day period-13,29613,296
At 31/05/2023-142,984142,984
Net Book Amounts
At 31/05/2023120,00039,878159,878
At 31/12/2021-86,71486,714
4. STOCK 20232022
££
Stock comprises:
Work in progress175,000125,000
175,000125,000
5. DEBTORS 20232022
££
Amounts falling due within one year:
Trade debtors1,011,9391,322,365
VAT-1,008
Other Tax-2,473
Other debtors500500
1,012,4391,326,346

Berkley Properties Ltd

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
Trade creditors10,59012,378
Taxation and social security54,002-
Other creditors275,9181,799
340,51014,177
7. PROVISIONS FOR LIABILITIES 20232022
££
Deferred taxation6,89312,624
6,89312,624
8. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
1 Ordinary shares of £1 each11
11