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REGISTERED NUMBER: 10020967 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Beric Holdings Ltd

Beric Holdings Ltd (Registered number: 10020967)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Beric Holdings Ltd

Company Information
for the Year Ended 31 January 2024







DIRECTOR: Ms R Askew





REGISTERED OFFICE: Windmill Farm
Windmill Lane
Norton
Doncaster
South Yorkshire
DN6 9AT





REGISTERED NUMBER: 10020967 (England and Wales)





ACCOUNTANTS: The Sanders Partnership
Chartered Accountants
19 King Street
The Civic Quarter
Wakefield
West Yorkshire
WF1 2SQ

Beric Holdings Ltd (Registered number: 10020967)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 710 1,154
Investment property 5 566,770 566,770
567,480 567,924

CURRENT ASSETS
Debtors 6 1,533 2,220
Cash at bank 63,484 26,694
65,017 28,914
CREDITORS
Amounts falling due within one year 7 260,306 238,151
NET CURRENT LIABILITIES (195,289 ) (209,237 )
TOTAL ASSETS LESS CURRENT LIABILITIES 372,191 358,687

CREDITORS
Amounts falling due after more than one year 8 230,725 249,238
NET ASSETS 141,466 109,449

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 141,366 109,349
141,466 109,449

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 29 August 2024 and were signed by:





Ms R Askew - Director


Beric Holdings Ltd (Registered number: 10020967)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Beric Holdings Ltd 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Provisions
Provisions are only set up where it is probable that a present obligation exists as a result of an event prior to the balance sheet 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 (2023 - NIL).

Beric Holdings Ltd (Registered number: 10020967)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 February 2023
and 31 January 2024 624 958 1,582
DEPRECIATION
At 1 February 2023 375 53 428
Charge for year 125 319 444
At 31 January 2024 500 372 872
NET BOOK VALUE
At 31 January 2024 124 586 710
At 31 January 2023 249 905 1,154

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023
and 31 January 2024 566,770
NET BOOK VALUE
At 31 January 2024 566,770
At 31 January 2023 566,770

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 560 1,784
VAT 273 436
Prepayments 700 -
1,533 2,220

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 19,608 19,478
Trade creditors 2,862 469
Tax 8,318 5,591
Social security and other taxes 40 -
Other creditors 14,950 -
Directors' current accounts 213,052 211,137
Accrued expenses 1,476 1,476
260,306 238,151

Beric Holdings Ltd (Registered number: 10020967)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 20,284 20,198
Bank loans - 2-5 years 65,479 64,823
Bank loans more 5 yr by instal 144,962 164,217
230,725 249,238

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 144,962 164,217