Company Registration No. 08151408 (England and Wales)
Berea Limited
Unaudited accounts
for the year ended 31 March 2024
Berea Limited
Unaudited accounts
Contents
Berea Limited
Company Information
for the year ended 31 March 2024
Company Number
08151408 (England and Wales)
Registered Office
11 Deerhurst Court
4 Holborn Close
London
NW7 4AZ
Accountants
ST Accountancy Services Ltd
6 The Square
Martlesham Heath
Suffolk
IP5 3SL
Berea Limited
Statement of financial position
as at 31 March 2024
Tangible assets
37,793
49,374
Investment property
3,000,000
3,735,000
Cash at bank and in hand
(3,345)
9,832
Creditors: amounts falling due within one year
(186,344)
(186,247)
Net current liabilities
(151,165)
(158,600)
Total assets less current liabilities
2,886,631
3,625,777
Creditors: amounts falling due after more than one year
(3,257,351)
(3,257,351)
Provisions for liabilities
Net (liabilities)/assets
(371,222)
362,279
Called up share capital
90
90
Revaluation reserve
-
410,211
Profit and loss account
(371,312)
(48,022)
Shareholders' funds
(371,222)
362,279
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 8 August 2024 and were signed on its behalf by
Hilton Lewis
Director
Company Registration No. 08151408
Berea Limited
Notes to the Accounts
for the year ended 31 March 2024
Berea Limited is a private company, limited by shares, registered in England and Wales, registration number 08151408. The registered office is 11 Deerhurst Court , 4 Holborn Close, London, NW7 4AZ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Berea Limited
Notes to the Accounts
for the year ended 31 March 2024
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 April 2023
61,850
20,694
82,544
At 31 March 2024
61,850
23,333
85,183
At 1 April 2023
27,059
6,111
33,170
Charge for the year
8,698
5,522
14,220
At 31 March 2024
35,757
11,633
47,390
At 31 March 2024
26,093
11,700
37,793
At 31 March 2023
34,791
14,583
49,374
Fair value at 1 April 2023
3,735,000
Net loss from fair value adjustments
(735,000)
At 31 March 2024
3,000,000
6
Investments
Subsidiary undertakings
Valuation at 1 April 2023
3
Valuation at 31 March 2024
3
Amounts falling due within one year
Trade debtors
4,443
14,037
Other debtors
34,081
3,778
8
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
-
178
Other creditors
83,273
90,023
Loans from directors
78,312
68,000
Berea Limited
Notes to the Accounts
for the year ended 31 March 2024
9
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
188,212
3,257,351
10
Average number of employees
During the year the average number of employees was 1 (2023: 1).