BERKELEY FINANCIAL HOLDINGS LTD

Company Registration Number:
12331120 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

BERKELEY FINANCIAL HOLDINGS LTD

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Notes

BERKELEY FINANCIAL HOLDINGS LTD

Balance sheet

As at 31 December 2023


Notes

2023

2022


£

£
Called up share capital not paid: 0 2,500,000
Fixed assets
Tangible assets: 3 0 6,792
Investments: 4 21,758,854 7,185,625
Total fixed assets: 21,758,854 7,192,417
Current assets
Debtors:   555,461 240,075
Cash at bank and in hand: 341,055 79,472
Total current assets: 896,516 319,547
Creditors: amounts falling due within one year:   (339,397) (29,843)
Net current assets (liabilities): 557,119 289,704
Total assets less current liabilities: 22,315,973 9,982,121
Creditors: amounts falling due after more than one year: 5 (12,421,335) 0
Total net assets (liabilities): 9,894,638 9,982,121
Capital and reserves
Called up share capital: 10,000,000 10,000,000
Profit and loss account: (105,362) (17,879)
Shareholders funds: 9,894,638 9,982,121

The notes form part of these financial statements

BERKELEY FINANCIAL HOLDINGS LTD

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 10 September 2024
and signed on behalf of the board by:

Name: Juan Pablo Livinalli
Status: Director

The notes form part of these financial statements

BERKELEY FINANCIAL HOLDINGS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

BERKELEY FINANCIAL HOLDINGS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

2. Employees

2023 2022
Average number of employees during the period 2 2

BERKELEY FINANCIAL HOLDINGS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible Assets

Total
Cost £
At 01 January 2023 30,566
Additions 700
At 31 December 2023 31,266
Depreciation
At 01 January 2023 23,774
Charge for year 7,492
At 31 December 2023 31,266
Net book value
At 31 December 2023 0
At 31 December 2022 6,792

BERKELEY FINANCIAL HOLDINGS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Fixed investments

Purchase of shares and a capital increase in Berkeley Bank & Trust Limited, an International bank incorporated in the state of St Lucia regulated by The Financial Services Regulatory Authority and Financial Intelligence Authority and audited by PKF St Lucia. In addition the Purchase of shares in UPE Trading Limited incorporated in England and Wales and is limited by shares.

BERKELEY FINANCIAL HOLDINGS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Creditors: amounts falling due after more than one year note

Creditors due after one year relates to an Intercompany Loan from Berkeley Capital Services of $15,000,000

BERKELEY FINANCIAL HOLDINGS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

6. Related party transactions

Name of the related party: Berkeley Bank & Trust (UK Representative office) Limited
Relationship:
The company is the parent of Berkeley Bank & Trust St Lucia who owns the UK Representative office
Description of the Transaction: Reimbursements of invoices paid on the companies behalf for legal fees and staff fees
£
Balance at 01 January 2023 48,715
Balance at 31 December 2023 71,071
Name of the related party: Berkeley Securities Limited
Relationship:
The companies Directors and Shareholders are the same
Description of the Transaction: Payments made on behalf of a related company in the group for Operational costs
£
Balance at 01 January 2023 69,798
Balance at 31 December 2023 516,686
Name of the related party: Berkeley Capital Services Limited
Relationship:
Owned by the same Shareholders as the company
Description of the Transaction: The company received a loan from a related party of $15,000,000
£
Balance at 01 January 2023 0
Balance at 31 December 2023 12,421,335