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REGISTERED NUMBER: 03332524 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

BERKELEY SQUARE LIMITED

BERKELEY SQUARE LIMITED (REGISTERED NUMBER: 03332524)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BERKELEY SQUARE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: M R W Griffiths
B R Billson





SECRETARY: B R Billson





REGISTERED OFFICE: 11 Berkeley Square
Clifton
Bristol
BS8 1HG





REGISTERED NUMBER: 03332524 (England and Wales)





ACCOUNTANTS: Gordon Wood Scott & Partners Limited
Chartered Accountants
Dean House
94 Whiteladies Road
Clifton
Bristol
BS8 2QX

BERKELEY SQUARE LIMITED (REGISTERED NUMBER: 03332524)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 5,320,000 4,855,000

CURRENT ASSETS
Debtors 5 54,725 54,072
Cash at bank 44,982 50,664
99,707 104,736
CREDITORS
Amounts falling due within one year 6 (1,459,926 ) (115,762 )
NET CURRENT LIABILITIES (1,360,219 ) (11,026 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,959,781

4,843,974

CREDITORS
Amounts falling due after more than one
year

7

(1,009,843

)

(2,360,465

)

PROVISIONS FOR LIABILITIES 9 (352,372 ) (236,122 )
NET ASSETS 2,597,566 2,247,387

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 2,597,466 2,247,287
SHAREHOLDERS' FUNDS 2,597,566 2,247,387

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

BERKELEY SQUARE LIMITED (REGISTERED NUMBER: 03332524)

BALANCE SHEET - continued
31 MARCH 2024


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 Statement of Income and Retained Earnings has not been delivered.

Approved the Board of Directors and authorised for issue on 1 August 2024 and were signed on its behalf by:





M R W Griffiths - Director


BERKELEY SQUARE LIMITED (REGISTERED NUMBER: 03332524)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Berkeley Square 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
The financial statements have been prepared on a going concern basis.

Bank loans amounting to £1,354,958 fall due for payment in October 2024. As the directors are reasonably confident that the the loans will be refinanced with the existing lender or that alternative funding will be available the accounts have been prepared on a going concern basis. If that finance is not available there is doubt as to whether the company could continue as a going concern for the foreseeable future and therefore the company might be unable to realise its assets and discharge its liabilities in the normal course of business.

Turnover
Turnover comprises rental income and is measured at the fair value of the consideration receivable

Tangible fixed assets
Tangible fixed assets comprise investment properties. Investment properties are measured at fair value.
Gains and losses arising from changes in fair value are included in the Income Statement in the period in which they occur. Deferred tax is recognised on these movements.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.

Short term debtors are measured at transaction price less any impairment.

Short term creditors are measured at transaction price.

Cash is represented by deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

Other financial liabilities, including borrowings are initially measured at fair value and subsequently measured at amortised cost using the effective interest rate method, with interest expense recognised on an effective yield basis.

Taxation
Taxation for the year comprises current and deferred tax.

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 sheetbalance 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 yearend 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.

BERKELEY SQUARE LIMITED (REGISTERED NUMBER: 03332524)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Investment
property
£   
COST OR VALUATION
At 1 April 2023 4,855,000
Revaluations 465,000
At 31 March 2024 5,320,000
NET BOOK VALUE
At 31 March 2024 5,320,000
At 31 March 2023 4,855,000

The Investment Properties were revalued by the directors on the basis of open marker value in existing use at 31 March 2024. If Investment Properties had not been revalued, they would have been included at cost of £3,405,908 (£3,405,908 : 2023).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 429 2,686
Other debtors 48,122 48,122
Prepayments and accrued income 6,174 3,264
54,725 54,072

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 1,354,958 18,800
Trade creditors 9,713 -
Corporation tax 5,146 13,969
Other - Directors loan 67,212 61,225
Accruals and deferred income 22,897 21,768
1,459,926 115,762

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans - 2-5 years 327,813 1,351,259
Bank loans more 5 yrs non-inst 682,030 1,009,206
1,009,843 2,360,465

BERKELEY SQUARE LIMITED (REGISTERED NUMBER: 03332524)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.3.24 31.3.23
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 682,030 1,009,206

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 2,364,801 2,379,265

Bank loans are secured by charges against the investment properties and a directors personal guarantee.

9. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax
Other timing differences 352,372 236,122

Deferred
tax
£   
Balance at 1 April 2023 236,122
Provided during year 116,250
Balance at 31 March 2024 352,372

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
50 A Ordinary £1 50 50
50 B Ordinary £1 50 50
100 100

11. OTHER FINANCIAL COMMITMENTS

The company has a commitment to pay ground rent amounting in aggregate to £25,187 (£25,687 : 2023)