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COMPANY REGISTRATION NUMBER: 02461564
Berechurch Hall Limited
Filleted Unaudited Financial Statements
For the Year Ended
31 December 2023
Berechurch Hall Limited
Statement of Financial Position
31 December 2023
2023
2022
Note
£
£
£
Fixed Assets
Tangible assets
4
39,381
31,430
Current Assets
Debtors
5
10,356
9,764
Cash at bank and in hand
25,986
36,253
---------
---------
36,342
46,017
Creditors: amounts falling due within one year
6
547
1,297
---------
---------
Net Current Assets
35,795
44,720
---------
---------
Total Assets Less Current Liabilities
75,176
76,150
---------
---------
Net Assets
75,176
76,150
---------
---------
Berechurch Hall Limited
Statement of Financial Position (continued)
31 December 2023
2023
2022
Note
£
£
£
Capital and Reserves
Called up share capital
24
24
Share premium account
12,678
12,678
Profit and loss account
62,474
63,448
---------
---------
Shareholders Funds
75,176
76,150
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31st December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 4 March 2024 , and are signed on behalf of the board by:
D E D Mann
R Harris
Director
Director
Company registration number: 02461564
Berechurch Hall Limited
Notes to the Financial Statements
Year Ended 31st December 2023
1. General Information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Aston House, 57-59 Crouch Street, Colchester, Essex, CO3 3EY.
2. Statement of Compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting Policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis.
Judgements and Key Sources of Estimation Uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue Recognition
The income shown in the Statement of Income and Retained Earnings represents service charges and ground rents receivable for the year.
Tangible Assets
No depreciation has been charged on the freehold property as in the opinion of the directors market value exceeds cost and there is a continual programme of repairs and refurbishment to ensure no diminution in value. This departure from the requirements of FRS102 is required in order for the financial statements to show a true and fair view.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Solar panels
-
5 % straight line
Fixtures and fittings
-
20% straight line
Sky Installation
-
100 % straight line
EV chargepoint system
-
10% straight line
Impairment of Fixed Assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial Instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4. Tangible Assets
Freehold property
Solar panels
Fixtures and fittings
Sky Installation
EV chargepoint system
Total
£
£
£
£
£
£
Cost
At 1 Jan 2023
12,538
18,500
2,634
12,747
46,419
Additions
9,997
9,997
---------
---------
-------
---------
-------
---------
At 31 Dec 2023
12,538
18,500
2,634
12,747
9,997
56,416
---------
---------
-------
---------
-------
---------
Depreciation
At 1 Jan 2023
1,080
1,162
12,747
14,989
Charge for the year
925
454
667
2,046
---------
---------
-------
---------
-------
---------
At 31 Dec 2023
2,005
1,616
12,747
667
17,035
---------
---------
-------
---------
-------
---------
Carrying amount
At 31 Dec 2023
12,538
16,495
1,018
9,330
39,381
---------
---------
-------
---------
-------
---------
At 31 Dec 2022
12,538
17,420
1,472
31,430
---------
---------
-------
---------
-------
---------
5. Debtors
2023
2022
£
£
Other debtors
10,356
9,764
---------
-------
6. Creditors: amounts falling due within one year
2023
2022
£
£
Other creditors
547
1,297
----
-------