Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-3102023-01-01falseNo description of principal activity0truetruefalse 07316767 2023-01-01 2023-12-31 07316767 2022-01-01 2022-12-31 07316767 2023-12-31 07316767 2022-12-31 07316767 2022-01-01 07316767 c:Director2 2023-01-01 2023-12-31 07316767 d:CurrentFinancialInstruments 2023-12-31 07316767 d:CurrentFinancialInstruments 2022-12-31 07316767 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 07316767 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 07316767 d:ShareCapital 2023-12-31 07316767 d:ShareCapital 2022-12-31 07316767 d:RetainedEarningsAccumulatedLosses 2023-12-31 07316767 d:RetainedEarningsAccumulatedLosses 2022-12-31 07316767 c:OrdinaryShareClass1 2023-01-01 2023-12-31 07316767 c:OrdinaryShareClass1 2023-12-31 07316767 c:OrdinaryShareClass1 2022-12-31 07316767 c:FRS102 2023-01-01 2023-12-31 07316767 c:Audited 2023-01-01 2023-12-31 07316767 c:FullAccounts 2023-01-01 2023-12-31 07316767 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07316767 c:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 07316767 d:TaxLossesCarry-forwardsDeferredTax 2023-12-31 07316767 d:TaxLossesCarry-forwardsDeferredTax 2022-12-31 07316767 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 07316767
















VERRI BERRI LIMITED




FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023


































img6a61.png


VERRI BERRI LIMITED
REGISTERED NUMBER:07316767

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

  

CURRENT ASSETS
  

Debtors: amounts falling due within one year
 4 
221,577
727,602

Cash at bank and in hand
  
14,487
61,659

  
236,064
789,261

Creditors: amounts falling due within one year
 5 
(176,979)
(432,113)

NET CURRENT ASSETS

  

59,085
357,148

  

NET ASSETS
  
59,085
357,148


CAPITAL AND RESERVES
  

Called up share capital 
 7 
100
100

Profit and loss account
  
58,985
357,048

  
59,085
357,148


The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 





C J Kilvington
Director

Date: 5 August 2024

The notes on pages 2 to 5 form part of these financial statements.

Page 1


VERRI BERRI LIMITED

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


GENERAL INFORMATION

Verri Berri Limited is a company limited by shares incorporated in England. The registered office is 1-3 College Yard, Worcester, Worcestershire, WR1 2LB. The principal place of trading is Briary Barn, Pury Hill Business Park, Alderton Road, Towcester, Northamptonshire, NN12 7LS. 
The principal activity of the Company during the year was the sale of fresh produce.

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The Company's financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102, 'the Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the Companies Act 2006.
The presentation currency of these financial statements is in Sterling. All amounts in the financial statements have been rounded to the nearest £.
The accounting policies set out below have, unless otherwise stated, been applied consistently to all periods presented in these financial statements.

 
2.2

GOING CONCERN

After reviewing the Company's forecast for the current and following financial year, the Directors have a reasonable expectation that the company has adequate resources to continue operational existence for the foreseeable future.

 
2.3

FINANCIAL INSTRUMENTS

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

 
2.4

DEBTORS

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

 
2.5

CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

CREDITORS

Short term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 2


VERRI BERRI LIMITED

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.ACCOUNTING POLICIES (continued)

 
2.7

FOREIGN CURRENCY TRANSLATION

Transactions in foreign currencies are recorded using the rate of exchange ruling at the date of transaction. Monetary assets and liabilities denominated in foreign currencies are translated using the rate of exchange ruling at the reporting date and the gains or losses on translation are included in the Statement of Comprehensive Income.

 
2.8

PROVISIONS FOR LIABILITIES

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.9

CURRENT AND DEFERRED TAXATION

Current tax, including UK Corporation Tax, is provided at amounts expected to be paid (or recovered) using the tax rates and laws that have been enacted or substantively enacted by the reporting date.
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date where transactions or events that result in an obligation to pay more tax in the future or a right to pay less tax in the future have occurred at the reporting date. Timing differences are differences between the Company's taxable profits and its results as stated in the financial statements that arise from the inclusion of gains or losses in tax assessments in periods different from those in which they are recognised in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that, on the basis of all available evidence, it can be regarded as more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference. 
The tax expense or income is presented in the same component of comprehensive income or equity as the transaction or other event that resulted in the tax expense or income.
Current tax assets and liabilities are offset only when there is a legally enforceable right to set off the amounts and the Company intends either to settle on a net basis or to realise the asset and to settle the liability simultaneously.
Deferred tax assets and liabilities are offset only if: a) the Company has a legally enforceable right to set off current tax assets against current tax liabilities; and b) the deferred tax assets and deferred tax liabilities relate to income taxes levied by the same taxation authority on either the same taxable entity or different taxable entities which intend either to settle current tax liabilities and assets on a net basis, or to realise the assets and settle the liabilities simultaneously, in each future period in which significant amounts of deferred tax liabilities or assets are expected to be settled or recovered.


3.


EMPLOYEES

The Company has no employees other than the Directors, who did not receive any remuneration (2022: £NIL).

Page 3


VERRI BERRI LIMITED

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


DEBTORS: AMOUNTS DUE WITHIN ONE YEAR

2023
2022
£
£


Trade debtors
146,232
178,517

Amounts owed by associates
59,785
51,164

Other debtors
15,560
108,215

Prepayments and accrued income
-
1,348

Deferred taxation
-
388,358

221,577
727,602



5.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023
2022
£
£

Trade creditors
6,460
12,233

Amounts owed to associates
159,109
407,385

Accruals and deferred income
11,410
12,495

176,979
432,113



6.


DEFERRED TAXATION




2023
2022


£

£






At beginning of year
388,358
342,280


Charged to profit or loss
-
46,078


Derecognised in year
(388,358)
-



AT END OF YEAR
-
388,358

The deferred tax asset is made up as follows:

2023
2022
£
£


Tax losses carried forward
-
388,358

Page 4


VERRI BERRI LIMITED

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

7.


SHARE CAPITAL

2023
2022
£
£
ALLOTTED, CALLED UP AND FULLY PAID



100 (2022: 100) Ordinary shares of £1.00 each
100
100

The Company has one class of share capital which carry voting rights and the right to a dividend.



8.


RELATED PARTY TRANSACTIONS AND BALANCES


2023
2022
£
£

Purchases from associates
1,920,935
2,412,900
Trading amounts due from associates
59,785
51,164
Trading amounts due to associates
159,109
407,385


9.


CONTROLLING PARTY

The Company's immediate parent is Global Pacific UK Limited. The Company is controlled by its ultimate parent Klear Holdings Limited, a company incorporated in the Bahamas. The ultimate controlling party is C J Kilvington.


10.


AUDITORS' INFORMATION

The auditors' report on the financial statements for the year ended 31 December 2023 was unqualified.

The audit report was signed on 21 August 2024 by Andrew Wood FCCA (Senior Statutory Auditor) on behalf of Bishop Fleming LLP.

 
Page 5