Company No:
Contents
Note | 31.12.2023 | 31.12.2022 | ||
£ | £ | |||
Current assets | ||||
Stocks | 3 |
|
|
|
Debtors | 4 |
|
|
|
Cash at bank and in hand |
|
|
||
550,262 | 534,011 | |||
Creditors: amounts falling due within one year | 5 | (
|
(
|
|
Net current liabilities | (15,335) | (12,199) | ||
Total assets less current liabilities | (15,335) | (12,199) | ||
Net liabilities | (
|
(
|
||
Capital and reserves | ||||
Called-up share capital |
|
|
||
Profit and loss account | (
|
(
|
||
Total shareholders' deficit | (
|
(
|
Directors' responsibilities:
The financial statements of Berry Hill Estates Ltd (registered number:
T J Tobin-Webster
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.
Berry Hill Estates Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Leanne House, 6 Avon Close, Weymouth, DT4 9UX, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors note that the business has net liabilities of £15,335. The Company is supported through loans from the directors. The directors have confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the directors will continue to support the Company. Given the current position, the directors believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.
Year ended 31.12.2023 |
Period from 28.02.2022 to 31.12.2022 |
||
Number | Number | ||
Monthly average number of persons employed by the Company during the year, including directors |
|
|
The company is run and administered by the directors of the company for whom no contracts of service are in place.
31.12.2023 | 31.12.2022 | ||
£ | £ | ||
Stocks |
|
|
31.12.2023 | 31.12.2022 | ||
£ | £ | ||
Other debtors |
|
|
31.12.2023 | 31.12.2022 | ||
£ | £ | ||
Trade creditors |
|
|
|
Other creditors |
|
|
|
|
|
Transactions with the entity's directors
During the year the directors of the company maintained interest free loans which are repayable on demand. At the balance sheet date the amount due to the directors was £354,947 (2022 - £139,125).
Other related party transactions
During the year key personnel who have a participating interest in the company maintained interest free loan accounts which are repayable on demand. At the balance sheet date the amount due to key personnel was £196,000 (2022 - £396,000).
During the year the company provided services to another connected company, which was conducted at open market value.