REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 30 November 2023 |
for |
Berkeley Foundation Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 30 November 2023 |
for |
Berkeley Foundation Limited |
Berkeley Foundation Limited (Registered number: 06440034) |
Contents of the Financial Statements |
for the Year Ended 30 November 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Berkeley Foundation Limited |
Company Information |
for the Year Ended 30 November 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
176 Monton Road |
Monton |
Greater Manchester |
M30 9GA |
Berkeley Foundation Limited (Registered number: 06440034) |
Balance Sheet |
30 November 2023 |
30.11.23 | 30.11.22 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Property, plant and equipment | 4 |
CURRENT ASSETS |
Debtors | 5 |
Prepayments and accrued income |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
( |
) |
PROVISIONS FOR LIABILITIES | 9 | ( |
) | ( |
) |
NET ASSETS |
RESERVES |
Income and expenditure account | 10 |
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 surplus or deficit 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 Foundation Limited (Registered number: 06440034) |
Balance Sheet - continued |
30 November 2023 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
Berkeley Foundation Limited (Registered number: 06440034) |
Notes to the Financial Statements |
for the Year Ended 30 November 2023 |
1. | STATUTORY INFORMATION |
Berkeley Foundation Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 financial statements have been prepared under the historical cost convention. The presentation currency is Sterling (£). |
Financial reporting standard 102 - reduced disclosure exemptions |
The company has taken advantage of the following disclosure in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland': |
- the requirements of Section 7 Statement of Cash Flows. |
Turnover |
Revenue described as turnover in the financial statements comprises the value of goods and services net of VAT provided to customers during the year. |
Turnover includes amounts recoverable on long term contracts. Such amounts represent the estimated value at selling price of uncompleted assignments at the financial year end. Certain assignments are subject to agreement of price on completion. In cases where directors are of the opinion that full value for the work done will not be realised, provision is made to reduce the value to the expected realisable value. |
Tangible fixed assets |
Debtors |
Debtors include amounts recoverable on long term contracts. |
Provisions |
Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2022 - NIL). |
Berkeley Foundation Limited (Registered number: 06440034) |
Notes to the Financial Statements - continued |
for the Year Ended 30 November 2023 |
4. | PROPERTY, PLANT AND EQUIPMENT |
Plant and |
machinery |
etc |
£ |
COST |
At 1 December 2022 |
Additions |
At 30 November 2023 |
DEPRECIATION |
At 1 December 2022 |
Charge for year |
At 30 November 2023 |
NET BOOK VALUE |
At 30 November 2023 |
At 30 November 2022 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.11.23 | 30.11.22 |
£ | £ |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.11.23 | 30.11.22 |
£ | £ |
Trade creditors |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
30.11.23 | 30.11.22 |
£ | £ |
Other creditors |
8. | SECURED DEBTS |
The following secured debts are included within creditors: |
30.11.23 | 30.11.22 |
£ | £ |
Members loans | - | 3,800 |
Fixed and floating charge over all property and undertakings of the company. |
Berkeley Foundation Limited (Registered number: 06440034) |
Notes to the Financial Statements - continued |
for the Year Ended 30 November 2023 |
9. | PROVISIONS FOR LIABILITIES |
30.11.23 | 30.11.22 |
£ | £ |
Deferred tax |
Accelerated capital allowances |
Deferred |
tax |
£ |
Balance at 1 December 2022 |
Provided during year |
Balance at 30 November 2023 |
10. | RESERVES |
Income |
and |
expenditure |
account |
£ |
At 1 December 2022 |
Deficit for the year | ( |
) |
At 30 November 2023 |
11. | RELATED PARTY DISCLOSURES |
Berkeley Foundation Limited was funded by long term loans from the Members. The loan by Mr P Cunningham is secured by a fixed and floating charge over all property and undertakings of the company. |
The accounts include a loan to one of the Members totalling £15,426. |
Included in administrative expenses are fees of £12,000 paid to Ms Blackman, a director. |