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Company Registration No. 08151408 (England and Wales)
Berea Limited Unaudited accounts for the year ended 31 March 2024
Berea Limited Unaudited accounts Contents
Page
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Berea Limited Company Information for the year ended 31 March 2024
Director
Hilton Lewis
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
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Berea Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
37,793 
49,374 
Investment property
3,000,000 
3,735,000 
Investments
3 
3 
3,037,796 
3,784,377 
Current assets
Debtors
38,524 
17,815 
Cash at bank and in hand
(3,345)
9,832 
35,179 
27,647 
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
Deferred tax
(502)
(6,147)
Net (liabilities)/assets
(371,222)
362,279 
Capital and reserves
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
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Berea Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Deferred taxation
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
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:
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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 
Additions
- 
2,639 
2,639 
At 31 March 2024
61,850 
23,333 
85,183 
Depreciation
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 
Net book value
At 31 March 2024
26,093 
11,700 
37,793 
At 31 March 2023
34,791 
14,583 
49,374 
5
Investment property
2024 
£ 
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 
7
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
4,443 
14,037 
Other debtors
34,081 
3,778 
38,524 
17,815 
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 
Accruals
24,759 
28,046 
186,344 
186,247 
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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 
£ 
£ 
Bank loans
3,069,139 
- 
Other creditors
188,212 
3,257,351 
3,257,351 
3,257,351 
10
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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