Caseware UK (AP4) 2022.0.179 2022.0.179 2023-12-312023-12-31false132023-01-01No description of principal activity13truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07601970 2023-01-01 2023-12-31 07601970 2022-01-01 2022-12-31 07601970 2023-12-31 07601970 2022-12-31 07601970 c:Director2 2023-01-01 2023-12-31 07601970 d:Buildings d:ShortLeaseholdAssets 2023-01-01 2023-12-31 07601970 d:Buildings d:ShortLeaseholdAssets 2022-12-31 07601970 d:FurnitureFittings 2023-01-01 2023-12-31 07601970 d:FurnitureFittings 2022-12-31 07601970 d:OfficeEquipment 2023-01-01 2023-12-31 07601970 d:OfficeEquipment 2022-12-31 07601970 d:ComputerEquipment 2023-01-01 2023-12-31 07601970 d:ComputerEquipment 2022-12-31 07601970 d:CurrentFinancialInstruments 2023-12-31 07601970 d:CurrentFinancialInstruments 2022-12-31 07601970 d:Non-currentFinancialInstruments 2023-12-31 07601970 d:Non-currentFinancialInstruments 2022-12-31 07601970 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 07601970 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 07601970 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 07601970 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 07601970 d:ShareCapital 2023-12-31 07601970 d:ShareCapital 2022-12-31 07601970 d:RetainedEarningsAccumulatedLosses 2023-12-31 07601970 d:RetainedEarningsAccumulatedLosses 2022-12-31 07601970 c:FRS102 2023-01-01 2023-12-31 07601970 c:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 07601970 c:FullAccounts 2023-01-01 2023-12-31 07601970 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07601970 d:Subsidiary1 2023-01-01 2023-12-31 07601970 d:Subsidiary2 2023-01-01 2023-12-31 07601970 d:Subsidiary3 2023-01-01 2023-12-31 07601970 d:Subsidiary4 2023-01-01 2023-12-31 07601970 d:Subsidiary1 1 2023-01-01 2023-12-31 07601970 d:Subsidiary2 1 2023-01-01 2023-12-31 07601970 d:Subsidiary3 1 2023-01-01 2023-12-31 07601970 d:Subsidiary4 1 2023-01-01 2023-12-31 07601970 6 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 07601970










BERTHA UK LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

 
BERTHA UK LIMITED
 

CONTENTS



Page
Accountants' report
 
 
1
Statement of financial position
 
 
2 - 3
Notes to the financial statements
 
 
4 - 8


 
BERTHA UK LIMITED
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF BERTHA UK LIMITED
FOR THE YEAR ENDED 31 DECEMBER 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Bertha UK Limited for the year ended 31 December 2023 which comprise  the Statement of financial position and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of Bertha UK Limited, as a body, in accordance with the terms of our engagement letter dated 31 August 2023Our work has been undertaken solely to prepare for your approval the financial statements of Bertha UK Limited  and state those matters that we have agreed to state to the Board of directors of Bertha UK Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bertha UK Limited and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that Bertha UK Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Bertha UK Limited. You consider that Bertha UK Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Bertha UK Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  


BAGINSKY COHEN
CHARTERED ACCOUNTANTS
930 HIGH ROAD
LONDON
N12 9RT
21 March 2024
Page 1

 
BERTHA UK LIMITED
REGISTERED NUMBER: 07601970

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2023
2022
2022
Note
£
£
£
£

FIXED ASSETS
  

Tangible assets
 4 
34,867
42,175

Investments
 5 
867,968
667,968

  
902,835
710,143

CURRENT ASSETS
  

Debtors
 6 
473,039
3,755,055

Cash at bank and in hand
 7 
364,332
71,960

  
837,371
3,827,015

Creditors: amounts falling due within one year
 8 
(231,075)
(200,478)

NET CURRENT ASSETS
  
 
 
606,296
 
 
3,626,537

TOTAL ASSETS LESS CURRENT LIABILITIES
  
1,509,131
4,336,680

Creditors: amounts falling due after more than one year
 9 
(3,500,000)
(3,000,000)

  

NET (LIABILITIES)/ASSETS
  
(1,990,869)
1,336,680


CAPITAL AND RESERVES
  

Called up share capital 
  
100
100

Profit and loss account
  
(1,990,969)
1,336,580

  
(1,990,869)
1,336,680


Page 2

 
BERTHA UK LIMITED
REGISTERED NUMBER: 07601970

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 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 21 March 2024.




A. TABATZNIK
Director

The notes on pages 4 to 8 form part of these financial statements.

Page 3

 
BERTHA UK LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.ACCOUNTING POLICIES

 
1.1

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 2).

The following principal accounting policies have been applied:

 
1.2

REVENUE

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
1.3

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, using the straight-line method.

Depreciation is provided on the following basis:

S/Term Leasehold Property
-
over the term of the lease
Fixtures and fittings
-
20% straight line
Office equipment
-
20% straight line
Computer equipment
-
25% straight line

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.

Page 4

 
BERTHA UK LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.ACCOUNTING POLICIES (CONTINUED)

 
1.4

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 reporting 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.

 
1.5

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.

 
1.6

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.

 
1.7

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.

 
1.8

PENSIONS

DEFINED CONTRIBUTION PENSION PLAN

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
1.9

TAXATION

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Page 5

 
BERTHA UK LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.



JUDGMENTS IN APPLYING ACCOUNTING POLICIES AND KEY SOURCES OF ESTIMATION UNCERTAINTY

In the application of the company’s accounting policies, which are described in note 1, management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods..


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 13 (2022 - 13).


4.


TANGIBLE FIXED ASSETS





S/Term Leasehold Property
Fixtures and fittings
Office equipment
Computer equipment
Total

£
£
£
£
£



COST OR VALUATION


At 1 January 2023
72,474
196,310
3,290
43,949
316,023


Additions
-
-
-
7,365
7,365



At 31 December 2023
72,474
196,310
3,290
51,314
323,388



DEPRECIATION


At 1 January 2023
40,263
196,310
1,316
35,959
273,848


Charge for the year on owned assets
8,053
-
658
5,962
14,673



At 31 December 2023
48,316
196,310
1,974
41,921
288,521



NET BOOK VALUE



At 31 December 2023
24,158
-
1,316
9,393
34,867



At 31 December 2022
32,211
-
1,974
7,990
42,175

Page 6

 
BERTHA UK LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


FIXED ASSET INVESTMENTS





Investments in subsidiary companies
Unlisted investments
Total

£
£
£



COST OR VALUATION


At 1 January 2023
400
667,568
667,968


Additions
-
200,000
200,000



At 31 December 2023
400
867,568
867,968





SUBSIDIARY UNDERTAKINGS


The following were subsidiary undertakings of the Company:

Name

Principal activity

Class of shares

Holding

Bertha DocFactory Ltd
Dormant
Ordinary
100%
Bertha DocHouse Ltd
Daily public screening of documentary films, panel discussions, promotion of art and documentary film making through one-off master classes, courses and mini film festivals.
Ordinary
100%
Doc Vision Ltd
Artistic creation - dormant
Ordinary
100%
DocHouse Ltd
Artistic creation - dormant
Ordinary
100%


6.


DEBTORS

2023
2022
£
£

DUE AFTER MORE THAN ONE YEAR

Amounts owed by group undertakings
7,941
3,072,471

7,941
3,072,471

DUE WITHIN ONE YEAR

Trade debtors
227,535
157,952

Other debtors
98,887
12,769

Prepayments and accrued income
138,676
511,863

473,039
3,755,055


Page 7

 
BERTHA UK LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

7.


CASH AND CASH EQUIVALENTS

2023
2022
£
£

Cash at bank and in hand
364,332
71,960



8.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023
2022
£
£

Trade creditors
25,014
31,595

Corporation tax
133,976
69,521

Other taxation and social security
27,523
31,192

Other creditors
38,732
62,617

Accruals and deferred income
5,830
5,553

231,075
200,478



9.


CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023
2022
£
£

Amounts owed to group undertakings
3,500,000
3,000,000



10.


PENSION COMMITMENTS

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. Contributions totalling £nil (2022 - £nil) were payable to the fund at the reporting date and are included in creditors.


11.


CONTROLLING PARTY

The parent company is Bertha Group Holdings Limited, a company incorporated in the British Virgin Islands. The ultimate controlling party is Bertha Foundation, established in Switzerland.

Page 8