IRIS Accounts Production v23.3.0.418 00612474 Board of Directors 1.4.22 31.3.23 31.3.23 false true false false true false Ordinary 0.25000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure006124742022-03-31006124742023-03-31006124742022-04-012023-03-31006124742021-03-31006124742021-04-012022-03-31006124742022-03-3100612474ns16:EnglandWales2022-04-012023-03-3100612474ns15:PoundSterling2022-04-012023-03-3100612474ns11:Director12022-04-012023-03-3100612474ns11:PrivateLimitedCompanyLtd2022-04-012023-03-3100612474ns11:SmallEntities2022-04-012023-03-3100612474ns11:AuditExempt-NoAccountantsReport2022-04-012023-03-3100612474ns11:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3100612474ns11:SmallCompaniesRegimeForAccounts2022-04-012023-03-3100612474ns11:FullAccounts2022-04-012023-03-3100612474ns11:OrdinaryShareClass12022-04-012023-03-3100612474ns11:Director22022-04-012023-03-3100612474ns11:RegisteredOffice2022-04-012023-03-3100612474ns6:CurrentFinancialInstruments2023-03-3100612474ns6:CurrentFinancialInstruments2022-03-3100612474ns6:ShareCapital2023-03-3100612474ns6:ShareCapital2022-03-3100612474ns6:RetainedEarningsAccumulatedLosses2023-03-3100612474ns6:RetainedEarningsAccumulatedLosses2022-03-3100612474ns6:WithinOneYearns6:CurrentFinancialInstruments2023-03-3100612474ns6:WithinOneYearns6:CurrentFinancialInstruments2022-03-3100612474ns11:OrdinaryShareClass12023-03-31
REGISTERED NUMBER: 00612474 (England and Wales)











Cessation Financial Statements

for the Year Ended 31 March 2023

for

BERFORS FINANCE LIMITED

BERFORS FINANCE LIMITED (REGISTERED NUMBER: 00612474)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BERFORS FINANCE LIMITED

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mr J N D Stelzer
Mrs A R Stelzer





REGISTERED OFFICE: 19 Holne Chase
London
N2 0QL





REGISTERED NUMBER: 00612474 (England and Wales)





ACCOUNTANTS: Jeff Lermer & Associates
Chartered Accountants
42 Lytton Road
Barnet
Hertfordshire
EN5 5BY

BERFORS FINANCE LIMITED (REGISTERED NUMBER: 00612474)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £   
CURRENT ASSETS
Stocks - 3,516,832
Debtors 4 28,110 6,450
Cash at bank 558 545,569
28,668 4,068,851
CREDITORS
Amounts falling due within one year 5 51 4,141,299
NET CURRENT ASSETS/(LIABILITIES) 28,617 (72,448 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

28,617

(72,448

)

CAPITAL AND RESERVES
Called up share capital 6 80,100 80,100
Retained earnings (51,483 ) (152,548 )
SHAREHOLDERS' FUNDS 28,617 (72,448 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 October 2023 and were signed on its behalf by:





Mr J N D Stelzer - Director


BERFORS FINANCE LIMITED (REGISTERED NUMBER: 00612474)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Berfors Finance Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Amounts owed by group undertakings 28,110 -
Other debtors - 6,450
28,110 6,450

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other creditors 51 4,141,299

BERFORS FINANCE LIMITED (REGISTERED NUMBER: 00612474)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
320,400 Ordinary 25p 80,100 80,100

7. RELATED PARTY DISCLOSURES

At the balance sheet date company was owed £28,110 (2022: £3,437,989) by Silver Cloud Ventures Ltd