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REGISTERED NUMBER: 10086530 (England and Wales)















Audited Financial Statements for the Year Ended 31 December 2023

for

Berbere Holdings Limited

Berbere Holdings Limited (Registered number: 10086530)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Berbere Holdings Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mr Salvatore Aloe
Mr Matteo Aloe





REGISTERED OFFICE: c/o Accountsco
47 Islington Park Street
London
N1 1QB





REGISTERED NUMBER: 10086530 (England and Wales)





AUDITORS: Belluzzo Audit Limited
Chartered Accountants and Statutory Auditors
38 Craven Street
London
WC2N 5NG

Berbere Holdings Limited (Registered number: 10086530)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 10,260 10,260
Investments 5 10,000 10,000
20,260 20,260

CURRENT ASSETS
Debtors 6 162 158
Cash at bank 6,985 6,564
7,147 6,722
CREDITORS
Amounts falling due within one year 7 144,502 145,144
NET CURRENT LIABILITIES (137,355 ) (138,422 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(117,095

)

(118,162

)

CREDITORS
Amounts falling due after more than one
year

8

344,378

323,239
NET LIABILITIES (461,473 ) (441,401 )

CAPITAL AND RESERVES
Called up share capital 9 10,000 10,000
Retained earnings (471,473 ) (451,401 )
SHAREHOLDERS' FUNDS (461,473 ) (441,401 )

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 29 May 2024 and were signed on its behalf by:





Mr Salvatore Aloe - Director


Berbere Holdings Limited (Registered number: 10086530)

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

1. STATUTORY INFORMATION

Berbere Holdings 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.

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.

Preparation of consolidated financial statements
The financial statements contain information about Berbere Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Tangible fixed assets
Depreciation is not provided in the accounts because the assets are not been used by the business.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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.

Berbere Holdings Limited (Registered number: 10086530)

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

2. ACCOUNTING POLICIES - continued

Going concern
The directors have received assurance of the continued support of the parent company which has confirmed that it will continue to provide the financial resources necessary for the Company to meet its financial commitments as they fall due for at least twelve months from the date of approval of these financial statements. Therefore the directors consider it appropriate that the financial statements are prepared on a going concern basis.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£
COST
At 1 January 2023
and 31 December 2023 10,260
NET BOOK VALUE
At 31 December 2023 10,260
At 31 December 2022 10,260

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£
COST
At 1 January 2023
and 31 December 2023 10,000
NET BOOK VALUE
At 31 December 2023 10,000
At 31 December 2022 10,000

Berbere Holdings Ltd has invested 10,000 shares at £1 per share in Berbere UK Ltd, the wholly owned subsidiary of the company which is incorporated in England and Wales. The registered office of Berbere UK Ltd is the same as that for Berbere Holdings Ltd.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£ £
Other debtors 162 158

Berbere Holdings Limited (Registered number: 10086530)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£ £
Trade creditors 870 870
Amounts owed to group undertakings 142,132 142,774
Accruals & deferred income 1,500 1,500
144,502 145,144

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£ £
Amounts owed to group undertakings 344,378 323,239

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £ £
10,000 Ordinary 1 10,000 10,000

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mr Tony Castagnetti (Senior Statutory Auditor)
for and on behalf of Belluzzo Audit Limited

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Berbere SRL. Berbere SRL is the parent of the smallest group for which consolidated financial statements are drawn up of which the company is a member. Berbere SRL, is a company incorporated in Italy whose registered office is Via Giuseppe Petroni 9, Bologna, 10126, Italy, Copies of Berbere SRL's consolidated financial statements are publicly available.