IRIS Accounts Production v24.2.0.383 00472785 Board of Directors 1.1.23 31.12.23 31.12.23 0 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh004727852022-12-31004727852023-12-31004727852023-01-012023-12-31004727852021-12-31004727852022-01-012022-12-31004727852022-12-3100472785ns15:EnglandWales2023-01-012023-12-3100472785ns14:PoundSterling2023-01-012023-12-3100472785ns10:Director12023-01-012023-12-3100472785ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3100472785ns10:SmallEntities2023-01-012023-12-3100472785ns10:AuditExemptWithAccountantsReport2023-01-012023-12-3100472785ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3100472785ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3100472785ns10:FullAccounts2023-01-012023-12-3100472785ns10:Director22023-01-012023-12-3100472785ns10:RegisteredOffice2023-01-012023-12-3100472785ns5:CurrentFinancialInstruments2023-12-3100472785ns5:CurrentFinancialInstruments2022-12-3100472785ns5:Non-currentFinancialInstruments2023-12-3100472785ns5:Non-currentFinancialInstruments2022-12-3100472785ns5:ShareCapital2023-12-3100472785ns5:ShareCapital2022-12-3100472785ns5:SharePremium2023-12-3100472785ns5:SharePremium2022-12-3100472785ns5:FurtherSpecificReserve1ComponentTotalEquity2023-12-3100472785ns5:FurtherSpecificReserve1ComponentTotalEquity2022-12-3100472785ns5:FurtherSpecificReserve3ComponentTotalEquity2023-12-3100472785ns5:FurtherSpecificReserve3ComponentTotalEquity2022-12-3100472785ns5:RetainedEarningsAccumulatedLosses2023-12-3100472785ns5:RetainedEarningsAccumulatedLosses2022-12-3100472785ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3100472785ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-31
REGISTERED NUMBER: 00472785 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

H. Berry Limited

H. Berry Limited (Registered number: 00472785)






Contents of the Financial Statements
for the year ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

H. Berry Limited

Company Information
for the year ended 31 December 2023







DIRECTORS: J Milstead
C K Doubleday





REGISTERED OFFICE: 27 Mortimer Street
London
W1T 3JF





REGISTERED NUMBER: 00472785 (England and Wales)





ACCOUNTANTS: Libra Wealth Management Limited
Suite 5, 10 Churchill Square
West Malling
Kent
ME19 4YU

H. Berry Limited (Registered number: 00472785)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 9,452,250 9,452,250

CURRENT ASSETS
Debtors 5 157,839 144,758
Cash at bank 206,863 247,453
364,702 392,211
CREDITORS
Amounts falling due within one year 6 249,608 247,787
NET CURRENT ASSETS 115,094 144,424
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,567,344

9,596,674

CREDITORS
Amounts falling due after more than
one year

7

(111,165

)

(303,179

)

PROVISIONS FOR LIABILITIES (1,544,606 ) (1,427,732 )
NET ASSETS 7,911,573 7,865,763

H. Berry Limited (Registered number: 00472785)

Balance Sheet - continued
31 December 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 2,704 2,704
Share premium 291,509 291,509
Other reserves 176 176
Fair value reserve 6,499,885 6,499,885
Retained earnings 1,117,299 1,071,489
SHAREHOLDERS' FUNDS 7,911,573 7,865,763

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 June 2024 and were signed on its behalf by:





J Milstead - Director


H. Berry Limited (Registered number: 00472785)

Notes to the Financial Statements
for the year ended 31 December 2023

1. STATUTORY INFORMATION

H. Berry 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
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Investment property is included at 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

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 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 end 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.

H. Berry Limited (Registered number: 00472785)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 9,452,250
NET BOOK VALUE
At 31 December 2023 9,452,250
At 31 December 2022 9,452,250

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2017 7,985,000
Valuation in 2018 3,980,000
Valuation in 2019 (2,377,800 )
Valuation in 2021 (134,950 )
9,452,250

If investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 1,583,311 1,583,311

Investment property was valued on an open market basis on 3 August 2021 by Chestertons Global Limited .

H. Berry Limited (Registered number: 00472785)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 29,922 41,593
Other debtors 127,917 103,165
157,839 144,758

Included in other debtors due within one year is £107,527 (December 2022 - £92,123) relating to a client account held with Robert Irving Burns, Property Agency.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 114,540 120,066
Trade creditors 11,508 2,071
Taxation and social security (47 ) (47 )
Other creditors 123,607 125,697
249,608 247,787

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 111,165 303,179

8. SECURED DEBTS

The company has a charge created with 'Barclays Security Trustee Ltd' against the property at 37 Foley Street.

9. ULTIMATE CONTROLLING PARTY

The ultimate parent company is Berbright LLC, a company registered in the USA.

The ultimate controlling party at the balance sheet date was the director, J B Milstead by virtue of her 100% ownership of Berbright LLC.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
H. Berry Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of H. Berry Limited for the year ended 31 December 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of H. Berry Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of H. Berry Limited and state those matters that we have agreed to state to the Board of Directors of H. Berry Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than H. Berry Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that H. Berry Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of H. Berry Limited. You consider that H. Berry Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of H. Berry Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Libra Wealth Management Limited
Suite 5, 10 Churchill Square
West Malling
Kent

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
H. Berry Limited

ME19 4YU


7 June 2024