Caseware UK (AP4) 2022.0.179 2022.0.179 2023-04-302023-04-30false122022-05-01falseNo description of principal activitytrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08503070 2022-05-01 2023-04-30 08503070 2021-05-01 2022-04-30 08503070 2023-04-30 08503070 2022-04-30 08503070 c:Director1 2022-05-01 2023-04-30 08503070 d:PlantMachinery 2022-05-01 2023-04-30 08503070 d:PlantMachinery 2023-04-30 08503070 d:PlantMachinery 2022-04-30 08503070 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-05-01 2023-04-30 08503070 d:MotorVehicles 2022-05-01 2023-04-30 08503070 d:MotorVehicles 2023-04-30 08503070 d:MotorVehicles 2022-04-30 08503070 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-05-01 2023-04-30 08503070 d:ComputerEquipment 2022-05-01 2023-04-30 08503070 d:ComputerEquipment 2023-04-30 08503070 d:ComputerEquipment 2022-04-30 08503070 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-05-01 2023-04-30 08503070 d:OwnedOrFreeholdAssets 2022-05-01 2023-04-30 08503070 d:CurrentFinancialInstruments 2023-04-30 08503070 d:CurrentFinancialInstruments 2022-04-30 08503070 d:Non-currentFinancialInstruments 2023-04-30 08503070 d:Non-currentFinancialInstruments 2022-04-30 08503070 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 08503070 d:CurrentFinancialInstruments d:WithinOneYear 2022-04-30 08503070 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 08503070 d:Non-currentFinancialInstruments d:AfterOneYear 2022-04-30 08503070 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-04-30 08503070 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-04-30 08503070 d:ShareCapital 2023-04-30 08503070 d:ShareCapital 2022-04-30 08503070 d:SharePremium 2023-04-30 08503070 d:SharePremium 2022-04-30 08503070 d:RetainedEarningsAccumulatedLosses 2023-04-30 08503070 d:RetainedEarningsAccumulatedLosses 2022-04-30 08503070 c:FRS102 2022-05-01 2023-04-30 08503070 c:AuditExempt-NoAccountantsReport 2022-05-01 2023-04-30 08503070 c:FullAccounts 2022-05-01 2023-04-30 08503070 c:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 08503070 2 2022-05-01 2023-04-30 08503070 6 2022-05-01 2023-04-30 iso4217:GBP xbrli:pure

Registered number: 08503070









BERKELEY PROPERTY DEVELOPMENT LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2023

 
BERKELEY PROPERTY DEVELOPMENT LIMITED
REGISTERED NUMBER: 08503070

BALANCE SHEET
AS AT 30 APRIL 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
44,590
19,273

Investments
 5 
12,322,208
2,387,157

  
12,366,798
2,406,430

Current assets
  

Debtors: amounts falling due within one year
 6 
2,887,498
309,575

Cash at bank and in hand
 7 
260,754
1,247,045

  
3,148,252
1,556,620

Creditors: amounts falling due within one year
 8 
(682,860)
(138,501)

Net current assets
  
 
 
2,465,392
 
 
1,418,119

Total assets less current liabilities
  
14,832,190
3,824,549

Creditors: amounts falling due after more than one year
 9 
(20,272)
(45,681)

  

Net assets
  
14,811,918
3,778,868


Capital and reserves
  

Called up share capital 
  
4
4

Share premium account
  
2,375,274
2,375,274

Profit and loss account
  
12,436,640
1,403,590

  
14,811,918
3,778,868


Page 1

 
BERKELEY PROPERTY DEVELOPMENT LIMITED
REGISTERED NUMBER: 08503070
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 31 January 2024.




H S Chowdhry
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
BERKELEY PROPERTY DEVELOPMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

1.


General information

Berkeley Property Development Limited is a private company limited by shares and incorporated in England & Wales (registered number 08503070). The registered office is Flat 58 The Pryors, East Heath Road, London, England, NW3 1BP.
The financial statements are presented in Sterling, which is the functional currency of the company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
BERKELEY PROPERTY DEVELOPMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

2.Accounting policies (continued)

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
Reducing balance method
Motor vehicles
-
25%
Reducing balance method
Computer equipment
-
25%
Reducing balance method

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 4

 
BERKELEY PROPERTY DEVELOPMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

2.Accounting policies (continued)

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 1).


4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 May 2022
545
38,000
-
38,545


Additions
-
54,000
569
54,569


Disposals
-
(38,000)
-
(38,000)



At 30 April 2023

545
54,000
569
55,114



Depreciation


At 1 May 2022
272
19,000
-
19,272


Charge for the year on owned assets
68
14,875
59
15,002


Disposals
-
(23,750)
-
(23,750)



At 30 April 2023

340
10,125
59
10,524



Net book value



At 30 April 2023
205
43,875
510
44,590



At 30 April 2022
273
19,000
-
19,273

Page 5

 
BERKELEY PROPERTY DEVELOPMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

5.


Fixed asset investments





Listed investments
Unlisted investments
Total

£
£
£



Cost or valuation


At 1 May 2022
-
2,387,157
2,387,157


Additions
829,294
11,011,577
11,840,871


Disposals
-
(1,905,820)
(1,905,820)



At 30 April 2023
829,294
11,492,914
12,322,208





6.


Debtors

2023
2022
£
£


Other debtors
2,884,867
309,575

Prepayments and accrued income
2,631
-

2,887,498
309,575



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
260,754
1,247,045

260,754
1,247,045



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
-
15,424

Other creditors
680,860
121,277

Accruals and deferred income
2,000
1,800

682,860
138,501


Page 6

 
BERKELEY PROPERTY DEVELOPMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
20,272
45,681

20,272
45,681



10.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
-
15,424


-
15,424


Amounts falling due 2-5 years

Bank loans
20,272
45,682


20,272
45,682


20,272
61,106


 
Page 7