Registration number:
Berry Court Management Limited
(A company limited by guarantee)
for the Year Ended 31 December 2023
Berry Court Management Limited
Contents
Company Information |
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Directors' Report |
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Accountants' Report |
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Profit and Loss Account |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
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Detailed Profit and Loss Account |
Berry Court Management Limited
Company Information
Directors |
Mr Matthew Charles Perry Mr Scott Ashley Lavis Miss Melanie Jane Akhurst |
Company secretary |
Mr Scott Ashley Lavis |
Registered office |
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Accountants |
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Berry Court Management Limited
Directors' Report for the Year Ended 31 December 2023
The directors present their report and the financial statements for the year ended 31 December 2023.
Directors of the company
The directors who held office during the year were as follows:
Principal activity
The principal activity of the company is non profit management of property
Small companies provision statement
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved and authorised by the
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Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Berry Court Management Limited
for the Year Ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Berry Court Management Limited for the year ended 31 December 2023 as set out on pages 4 to 9 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 at
http://www.icaew.com/regulation.
This report is made solely to the Board of Directors of Berry Court Management Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Berry Court Management Limited and state those matters that we have agreed to state to the Board of Directors of Berry Court Management Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Berry Court Management Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Berry Court Management Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Berry Court Management Limited. You consider that Berry Court Management 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 accounts of Berry Court Management 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 accounts.
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Chartered Accountants
Old Fore Street
Sidmouth
Devon
EX10 8LS
Berry Court Management Limited
Profit and Loss Account for the Year Ended 31 December 2023
Note |
2023 |
2022 |
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Turnover |
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Gross surplus |
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Administrative expenses |
( |
( |
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Operating surplus |
426 |
1,481 |
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Other interest receivable and similar income |
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- |
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Surplus before tax |
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Surplus for the financial year |
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The above results were derived from continuing operations.
The company has no recognised gains or losses for the year other than the results above.
Berry Court Management Limited
(Registration number: 06456365)
Balance Sheet as at 31 December 2023
Note |
2023 |
2022 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current liabilities |
( |
( |
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Net assets |
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Reserves |
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Retained earnings |
7,243 |
6,745 |
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Surplus |
7,243 |
6,745 |
For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
• |
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.
Approved and authorised by the
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Berry Court Management Limited
(Registration number: 06456365)
Balance Sheet as at 31 December 2023
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Berry Court Management Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023
General information |
The company is a company limited by guarantee, incorporated in England & Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.
The address of its registered office is:
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Going concern
The financial statements have been prepared on a going concern basis.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Berry Court Management Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023
Depreciation
The Directors consider that the carrying value of the Freehold Property will not be less than current market value and hence no depreciation is charged in the accounts
Asset class |
Depreciation method and rate |
Freehold Land and Buildings |
Not Depreciated |
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Tangible assets |
Land and buildings |
Total |
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Cost or valuation |
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At 1 January 2023 |
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At 31 December 2023 |
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Depreciation |
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Carrying amount |
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At 31 December 2023 |
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At 31 December 2022 |
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Included within the net book value of land and buildings above is £13,434 (2022 - £13,434) in respect of freehold land and buildings.
Berry Court Management Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023
Creditors |
Creditors: amounts falling due within one year
2023 |
2022 |
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Due within one year |
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Accruals and deferred income |
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Other creditors |
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Related party transactions |
Transactions with directors |
2023 |
At 1 January 2023 |
At 31 December 2023 |
Mr Scott Ashley Lavis |
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Mr Matthew Charles Perry |
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Miss Melanie Jane Akhurst |
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2022 |
At 1 January 2022 |
At 31 December 2022 |
Mr Scott Ashley Lavis |
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Mr Matthew Charles Perry |
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Miss Melanie Jane Akhurst |
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Berry Court Management Limited
Detailed Profit and Loss Account for the Year Ended 31 December 2023
2023 |
2022 |
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Turnover (analysed below) |
1,135 |
2,142 |
Gross surplus (%) |
100% |
100% |
Administrative expenses |
||
Establishment costs (analysed below) |
(342) |
(305) |
General administrative expenses (analysed below) |
(349) |
(337) |
Finance charges (analysed below) |
(18) |
(19) |
(709) |
(661) |
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Operating surplus |
426 |
1,481 |
Other interest receivable and similar income (analysed below) |
72 |
- |
Surplus before tax |
498 |
1,481 |
Berry Court Management Limited
Detailed Profit and Loss Account for the Year Ended 31 December 2023
2023 |
2022 |
Turnover |
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Management charges |
1,135 |
2,142 |
Establishment costs |
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Insurance |
(285) |
(270) |
Repairs and maintenance |
(57) |
(35) |
(342) |
(305) |
General administrative expenses |
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Companies House fee |
(13) |
(13) |
Accountancy fees |
(336) |
(324) |
(349) |
(337) |
Finance charges |
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Bank charges |
(18) |
(19) |
Other interest receivable and similar income |
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Bank interest receivable |
72 |
- |