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Registered number: 13697959










BERRY HALL FARM RETREATS LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2023

 
BERRY HALL FARM RETREATS LTD
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF BERRY HALL FARM RETREATS LTD
FOR THE YEAR ENDED 31 OCTOBER 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 Berry Hall Farm Retreats Ltd for the year ended 31 October 2023 which comprise  the Balance Sheet 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 Berry Hall Farm Retreats Ltd, as a body, in accordance with the terms of our engagement letter dated 5 November 2021Our work has been undertaken solely to prepare for your approval the financial statements of Berry Hall Farm Retreats Ltd and state those matters that we have agreed to state to the Board of Directors of Berry Hall Farm Retreats Ltd, 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 Berry Hall Farm Retreats Ltd and its Board of Directors, as a body, for our work or for this report. 

It is your duty to ensure that Berry Hall Farm Retreats Ltd 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 profit of Berry Hall Farm Retreats Ltd. You consider that Berry Hall Farm Retreats Ltd 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 Berry Hall Farm Retreats Ltd. 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.

  



MA Partners LLP
 
Chartered Accountants
  
7 The Close
Norwich
Norfolk
NR1 4DJ
26 July 2024
Page 1

 
BERRY HALL FARM RETREATS LTD
REGISTERED NUMBER: 13697959

BALANCE SHEET
AS AT 31 OCTOBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
43,955
12,054

Investment property
 5 
195,000
195,000

  
238,955
207,054

Current assets
  

Debtors: amounts falling due within one year
 6 
3,932
-

Cash at bank and in hand
  
5,051
12,953

  
8,983
12,953

Creditors: amounts falling due within one year
 7 
(178,321)
(174,704)

Net current liabilities
  
 
 
(169,338)
 
 
(161,751)

Total assets less current liabilities
  
69,617
45,303

Creditors: amounts falling due after more than one year
 8 
(52,332)
(30,283)

  

Net assets
  
17,285
15,020


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
17,185
14,920

  
17,285
15,020


Page 2

 
BERRY HALL FARM RETREATS LTD
REGISTERED NUMBER: 13697959
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 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 profit and loss account 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 25 July 2024.




P D Drake
Director

The notes on pages 4 to 7 form part of these financial statements.

Page 3

 
BERRY HALL FARM RETREATS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1.


General information

Berry Hall Farm Retreats Ltd is a United Kingdom Company limited by shares. It is incorporated and domiciled in England and Wales. The registered office address is 7 The Close, Norwich, NR1 4DJ.
The Company's principal activity is that of holiday letting and its principal place of business is Norwich.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Turnover comprises holiday lets receivable during the year, recognised on an accruals in accordance with the period for which rent is due under the terms of the booking. The Company is registered for Value Added Tax.

 
2.3

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.

 
2.4

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 balance sheet date in the countries where the Company operates and generates income.

 
2.5

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.

Page 4

 
BERRY HALL FARM RETREATS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

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
-
20%
reducing balance

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.

 
2.6

Investment property

Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.7

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.

 
2.8

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.

 
2.9

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2022 - 2).

Page 5

 
BERRY HALL FARM RETREATS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

4.


Tangible fixed assets





Plant and machinery

£



Cost or valuation


At 1 November 2022
15,067


Additions
36,118



At 31 October 2023

51,185



Depreciation


At 1 November 2022
3,013


Charge for the year on owned assets
4,217



At 31 October 2023

7,230



Net book value



At 31 October 2023
43,955



At 31 October 2022
12,054


5.


Investment property


Freehold investment property

£



Valuation


At 1 November 2022
195,000



At 31 October 2023
195,000

The 2023 valuations were made by the directors, on an open market value for existing use basis.




Page 6

 
BERRY HALL FARM RETREATS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

6.


Debtors

2023
2022
£
£


Other debtors
3,932
-

3,932
-



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
16,664
9,550

Corporation tax
-
50

Other taxation and social security
-
9,278

Other creditors
156,535
153,765

Accruals and deferred income
5,122
2,061

178,321
174,704



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
52,332
30,283

52,332
30,283



9.


Related party transactions

As at 31 October 2023 the balance owed to the directors was £24,988 (2022: £91,124).

 
Page 7