Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31truefalseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-01-01trueFarming and groundworks31false OC435944 2023-01-01 2023-12-31 OC435944 2022-01-01 2022-12-31 OC435944 2023-12-31 OC435944 2022-12-31 OC435944 2022-01-01 OC435944 c:PlantMachinery 2023-01-01 2023-12-31 OC435944 c:PlantMachinery 2023-12-31 OC435944 c:PlantMachinery 2022-12-31 OC435944 c:PlantMachinery c:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 OC435944 c:MotorVehicles 2023-01-01 2023-12-31 OC435944 c:MotorVehicles 2023-12-31 OC435944 c:MotorVehicles 2022-12-31 OC435944 c:MotorVehicles c:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 OC435944 c:OfficeEquipment 2023-01-01 2023-12-31 OC435944 c:OfficeEquipment 2023-12-31 OC435944 c:OfficeEquipment 2022-12-31 OC435944 c:OfficeEquipment c:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 OC435944 c:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 OC435944 c:CurrentFinancialInstruments 2023-12-31 OC435944 c:CurrentFinancialInstruments 2022-12-31 OC435944 c:Non-currentFinancialInstruments 2023-12-31 OC435944 c:Non-currentFinancialInstruments 2022-12-31 OC435944 c:CurrentFinancialInstruments c:WithinOneYear 2023-12-31 OC435944 c:CurrentFinancialInstruments c:WithinOneYear 2022-12-31 OC435944 c:Non-currentFinancialInstruments c:AfterOneYear 2023-12-31 OC435944 c:Non-currentFinancialInstruments c:AfterOneYear 2022-12-31 OC435944 c:Non-currentFinancialInstruments c:BetweenTwoFiveYears 2023-12-31 OC435944 c:Non-currentFinancialInstruments c:BetweenTwoFiveYears 2022-12-31 OC435944 d:FRS102 2023-01-01 2023-12-31 OC435944 d:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 OC435944 d:FullAccounts 2023-01-01 2023-12-31 OC435944 d:LimitedLiabilityPartnershipLLP 2023-01-01 2023-12-31 OC435944 d:PartnerLLP1 2023-01-01 2023-12-31 OC435944 c:OtherCapitalInstrumentsClassifiedAsEquity 2023-01-01 2023-12-31 OC435944 c:OtherCapitalInstrumentsClassifiedAsEquity 2023-12-31 OC435944 c:OtherCapitalInstrumentsClassifiedAsEquity 2022-01-01 2022-12-31 OC435944 c:OtherCapitalInstrumentsClassifiedAsEquity 2022-12-31 OC435944 c:OtherCapitalInstrumentsClassifiedAsEquity 2022-01-01 OC435944 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: OC435944









BERKLEY HICKS & SON LLP







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
BERKLEY HICKS & SON LLP
 
 
  
ACCOUNTANTS' REPORT TO THE MEMBERS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF BERKLEY HICKS & SON LLP
FOR THE YEAR ENDED 31 DECEMBER 2021

You consider that the LLP is exempt from an audit for the year ended 31 December 2023. You have acknowledged, on the Balance sheet, your responsibilities for ensuring that the LLP keeps adequate accounting records which comply with section 386 of the Companies Act 2006, and for preparing the financial statements which give a true and fair view of the state of affairs of the LLP and of its profit or loss for the financial year.

In accordance with your instructions, we have prepared the financial statements on pages 12 from the accounting records of the LLP and on the basis of information and explanations you have given to us.

We have not carried out an audit or any other review, and consequently we do not express any opinion on these financial statements.

  



Bosworth Zakis Limited (crn:05352971)
 
Accountants
  
57 Hanbury Road
Dorridge
Solihull
B93 8DN
22 July 2024
Page 1

 
BERKLEY HICKS & SON LLP
REGISTERED NUMBER: OC435944

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 3 
197,540
199,504

  
197,540
199,504

Current assets
  

Stocks
 4 
306,308
281,743

Debtors: amounts falling due within one year
 5 
11,990
40,366

Cash at bank and in hand
 6 
321
10,123

  
318,619
332,232

Creditors: Amounts Falling Due Within One Year
 7 
(157,255)
(113,359)

Net current assets
  
 
 
161,364
 
 
218,873

Total assets less current liabilities
  
358,904
418,377

Creditors: amounts falling due after more than one year
 8 
(53,078)
(53,078)

  
305,826
365,299

  

Net assets
  
305,826
365,299


Represented by:
  

Loans and other debts due to members within one year
  

Members' other interests
  

Statement Of Financial Position
  
305,826
365,299

  
 
305,826
 
365,299

  
305,826
365,299


Total members' interests
  

Statement Of Financial Position
  
305,826
365,299

  
305,826
365,299


The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small LLPs regime.

The entity was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

Page 2

 
BERKLEY HICKS & SON LLP
REGISTERED NUMBER: OC435944
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements.

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

The entity has opted not to file the profit and loss account in accordance with the provisions applicable to entities subject to the small LLPs regime.

The financial statements were approved and authorised for issue by the members and were signed on their behalf on 22 July 2024.




................................................
Mr Samuel Edward Hicks
Designated member

The notes on pages 6 to 12 form part of these financial statements.
Page 3

 
BERKLEY HICKS & SON LLP
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2023


Members capital (classified as equity)
Total equity

£
£

At 1 January 2023
1,761,679
1,761,679


Comprehensive income for the year


Other comprehensive income for the year
-
-


Total comprehensive income for the year
-
-


Contributions by and distributions to members

Capital introduced by members
1,170,009
1,170,009

Capital amounts repaid to members
(2,625,862)
(2,625,862)


Total transactions with members
(1,455,853)
(1,455,853)


At 31 December 2023
305,826
305,826

The notes on pages 6 to 12 form part of these financial statements.

Page 4

 
BERKLEY HICKS & SON LLP
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2022


Members capital (classified as equity)
Total equity

£
£

At 1 January 2022
1,761,679
1,761,679


Comprehensive income for the year


Other comprehensive income for the year
-
-


Total comprehensive income for the year
-
-


Contributions by and distributions to members

Capital introduced by members
1,104,756
1,104,756

Capital amounts repaid to members
(2,501,136)
(2,501,136)


Total transactions with members
(1,396,380)
(1,396,380)


At 31 December 2022
365,299
365,299


The notes on pages 6 to 12 form part of these financial statements.

Page 5

 
BERKLEY HICKS & SON LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Berkley Hicks & Son LLP is a registered limited liability partnership number OC435944. The registered address on the LLP is Leys Farm, Barton on the Heath, Moreton in Marsh, GL56 0PJ. The main activites are farming and groundworks. 

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice "Accounting by Limited Liability Partnerships".

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 LLP's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the LLP 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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the LLP has transferred the significant risks and rewards of ownership to the buyer;
the LLP retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the LLP will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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 LLP 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.

Page 6

 
BERKLEY HICKS & SON LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.3

Operating leases: the LLP as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
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.

 
2.5

Borrowing costs

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

 
2.6

Division and distribution of profits

A division of profits is the mechanism by which the profits of an LLP become a debt due to members. A division may be automatic or discretionary, may relate to some or all of the profits for a financial period and may take place during or after the end of a financial period.

An automatic division of profits is one where the LLP does not have an unconditional right to avoid making a division of an amount of profits based on the members' agreement in force at the time, whereas a discretionary division of profits requires a decision to be made by the LLP, which it has the unconditional right to avoid making.

The LLP divides profits automatically. Automatic divisions of profits are recognised as 'Members' remuneration charged as an expense in .

 
2.7

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
-
15%
Motor vehicles
-
25%
Office equipment
-
15%

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 7

 
BERKLEY HICKS & SON LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a item by item basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.9

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.

 
2.10

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.

 
2.11

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.

Page 8

 
BERKLEY HICKS & SON LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

3.


Tangible fixed assets





Plant and machinery
Motor vehicles
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 January 2023
252,643
22,315
1,642
276,600


Additions
35,372
-
-
35,372


Disposals
(1,000)
-
-
(1,000)



At 31 December 2023

287,015
22,315
1,642
310,972



Depreciation


At 1 January 2023
66,878
9,763
455
77,096


Charge for the year on owned assets
33,020
3,138
178
36,336



At 31 December 2023

99,898
12,901
633
113,432



Net book value



At 31 December 2023
187,117
9,414
1,009
197,540



At 31 December 2022
185,765
12,552
1,187
199,504


4.


Stocks

2023
2022
£
£

Valuation of live & deadstock
306,308
276,443

Work in progress (goods to be sold)
-
5,300

306,308
281,743



5.


Debtors

2023
2022
£
£


Trade debtors
11,990
40,366

11,990
40,366


Page 9

 
BERKLEY HICKS & SON LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
321
10,123

Less: bank overdrafts
(31,407)
-

(31,086)
10,123



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
31,407
-

Trade creditors
83,047
70,047

Other taxation and social security
18,998
12,858

Obligations under finance lease and hire purchase contracts
23,803
30,454

157,255
113,359



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Loan
53,078
53,078

53,078
53,078


Page 10

 
BERKLEY HICKS & SON LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£



Amounts falling due 2-5 years

Loan
53,078
53,078


53,078
53,078


53,078
53,078



10.


Capital movements in the year

Mr E B Hicks
Mr S Hicks
Total
        £
        £
        £

Opening capital

169,062

196,237

365,299
 
Capital introduced

22,032

-

22,032
 
Capital transferred

-

-

-
 
Drawings

(27,679)

(97,046)

(124,725)
 
Land & buildings withdrawn

-

-

-
 
Profit share

4,322

38,898

43,220
 

167,737

138,089

305,826
 

Page 11

 
BERKLEY HICKS & SON LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

11.


Reconciliation of members' interests 




EQUITY
Members' other interests
Members' capital (classified as equity)
Total

£
£

At Incorporation
-
-

Members' interests after profit for the year
1,761,679
1,761,679

Amounts introduced by members
1,170,009
1,170,009

Repayment of capital
(2,625,862)
(2,625,862)

Balance at 31 December 2023 
305,826
305,826

The notes on pages 6 to 12 form part of these financial statements.

There are no existing restrictions or limitations which impact the ability of the members of the LLP to reduce the amount of Members' other interests.

 
Page 12