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REGISTERED NUMBER: 05612896 (England and Wales)











Financial Statements

for the Year Ended 30 November 2023

for

BERM PROPERTIES LIMITED

BERM PROPERTIES LIMITED (REGISTERED NUMBER: 05612896)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BERM PROPERTIES LIMITED

Company Information
for the Year Ended 30 November 2023







DIRECTOR: Mr M J Segal





SECRETARY: Mrs L Segal





REGISTERED OFFICE: 42 Lytton Road
Barnet
Hertfordshire
EN5 5BY





REGISTERED NUMBER: 05612896 (England and Wales)





ACCOUNTANTS: JLA (UK) Ltd
42 Lytton Road
Barnet
Hertfordshire
EN5 5BY

BERM PROPERTIES LIMITED (REGISTERED NUMBER: 05612896)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 346 518
Investments 5 34,179 34,179
34,525 34,697

CURRENT ASSETS
Debtors 6 3,030 26,741
Cash at bank 35,247 53,484
38,277 80,225
CREDITORS
Amounts falling due within one year 7 17,825 18,811
NET CURRENT ASSETS 20,452 61,414
TOTAL ASSETS LESS CURRENT
LIABILITIES

54,977

96,111

CREDITORS
Amounts falling due after more than one year 8 36,111 41,667
NET ASSETS 18,866 54,444

CAPITAL AND RESERVES
Called up share capital 9 104 104
Retained earnings 18,762 54,340
SHAREHOLDERS' FUNDS 18,866 54,444

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

BERM PROPERTIES LIMITED (REGISTERED NUMBER: 05612896)

Balance Sheet - continued
30 November 2023


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 director and authorised for issue on 1 August 2024 and were signed by:





Mr M J Segal - Director


BERM PROPERTIES LIMITED (REGISTERED NUMBER: 05612896)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Berm Properties 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on cost

Going concern
The director has a reasonable expectation that the company will continue in operational existence for the foreseeable future and therefore used the going concern basis in preparing the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipmen
£   
COST
At 1 December 2022
and 30 November 2023 691
DEPRECIATION
At 1 December 2022 173
Charge for year 172
At 30 November 2023 345
NET BOOK VALUE
At 30 November 2023 346
At 30 November 2022 518

5. FIXED ASSET INVESTMENTS

BERM PROPERTIES LIMITED (REGISTERED NUMBER: 05612896)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023
Other
loans
£   
At 1 December 2022
and 30 November 2023 34,179

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Amounts owed by group undertakings 3,030 26,741

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Tax 9,320 10,915
VAT 4,503 5,096
Accruals and deferred income 4,002 2,800
17,825 18,811

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans - 2-5 years 36,111 41,667

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
10 Ordinary A £1 10 10
10 Ordinary B £1 10 10
20 Ordinary C £1 20 20
20 Ordinary D £1 20 20
20 Ordinary E £1 20 20
20 Ordinary F £1 20 20
1 Ordinary G £1 1 1
1 Ordinary H £1 1 1
1 Ordinary I £1 1 1
1 Ordinary J £1 1 1
104 104

10. RELATED PARTY DISCLOSURES

At the balance sheet date the company was owed £3,030 (2022: £26,741) by So-Cal Investments Limited. The companies are related parties by virtue of the fact that they are under common control.

11. ULTIMATE CONTROLLING PARTY

The controlling party is Mr M J Segal.