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REGISTERED NUMBER: 09292858 (England and Wales)















Birnberg Peirce Ltd

Unaudited Financial Statements For The Year Ended 31 March 2023






Birnberg Peirce Ltd (Registered number: 09292858)






Contents of the Financial Statements
For The Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Birnberg Peirce Ltd

Company Information
For The Year Ended 31 March 2023







DIRECTORS: Ms J G Peirce
N B Leskin
Ms M Willis-Stewart





REGISTERED OFFICE: 14 Inverness Street
Camden Town
London
NW1 7HJ





REGISTERED NUMBER: 09292858 (England and Wales)

Birnberg Peirce Ltd (Registered number: 09292858)

Balance Sheet
31 March 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 436,794 489,632

CURRENT ASSETS
Debtors 5 4,425,888 4,032,820
Cash at bank and in hand 308,165 310,503
4,734,053 4,343,323
CREDITORS
Amounts falling due within one year 6 (627,906 ) (267,374 )
NET CURRENT ASSETS 4,106,147 4,075,949
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,542,941

4,565,581

CREDITORS
Amounts falling due after more than one
year

7

(2,643,611

)

(2,943,328

)
NET ASSETS 1,899,330 1,622,253

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 1,899,327 1,622,250
SHAREHOLDERS' FUNDS 1,899,330 1,622,253

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.

Birnberg Peirce Ltd (Registered number: 09292858)

Balance Sheet - continued
31 March 2023


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 24 November 2023 and were signed on its behalf by:





N B Leskin - Director


Birnberg Peirce Ltd (Registered number: 09292858)

Notes to the Financial Statements
For The Year Ended 31 March 2023

1. STATUTORY INFORMATION

Birnberg Peirce Ltd 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - 2% on cost
Improvements to property - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on cost

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 end 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 72 (2022 - 71 ) .

Birnberg Peirce Ltd (Registered number: 09292858)

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

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
Long to and Computer
leasehold property fittings equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 704,301 37,447 74,896 85,559 902,203
Additions - - 541 40,987 41,528
At 31 March 2023 704,301 37,447 75,437 126,546 943,731
DEPRECIATION
At 1 April 2022 256,855 27,766 56,678 71,272 412,571
Charge for year 70,430 2,420 4,690 16,826 94,366
At 31 March 2023 327,285 30,186 61,368 88,098 506,937
NET BOOK VALUE
At 31 March 2023 377,016 7,261 14,069 38,448 436,794
At 31 March 2022 447,446 9,681 18,218 14,287 489,632

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 751,458 573,933
Other debtors 21,924 82,082
Tax - 282,250
VAT - 24,911
Accrued income 3,607,464 2,707,061
Prepayments 45,042 362,583
4,425,888 4,032,820

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 88,973 36,753
Tax 56,686 -
Social security and other taxes 57,400 52,529
VAT 82,795 -
Sundry creditors and accruals 182,052 168,092
Directors' current accounts 150,000 -
627,906 267,374

Birnberg Peirce Ltd (Registered number: 09292858)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 20,495 30,000
Directors' loan accounts 2,613,116 2,903,328
2,643,611 2,943,328

8. RELATED PARTY DISCLOSURES

At the year end the Company owed the following amounts to the directors:

Ms J G Peirce £994,147 (2022 - £1,055,626)
Mr N Leskin £1,223,769 (2022 - £1,248,453)
Ms M Willis-Stewart £545,200 (2022 - £599,248).

The company paid no dividends to its directors in the year 2023 (2022 - £0).

Other debtors includes the balance of £19,184 (2022 - £82,082) owed to the company from 176 Blackfriars Road Limited.