2022-11-012023-10-312023-10-31false09282105BERCAF 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BERCAF LIMITED

Registered Number
09282105
(England and Wales)

Unaudited Financial Statements for the Year ended
31 October 2023

BERCAF LIMITED
Company Information
for the year from 1 November 2022 to 31 October 2023

Director

Christopher Caffrey

Registered Address

42 High Street, Wanstead
London
E11 2RJ

Registered Number

09282105 (England and Wales)
BERCAF LIMITED
Balance Sheet as at
31 October 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets31,129,7701,132,220
Investments4181,9831,101,901
1,311,7532,234,121
Current assets
Debtors5149,506424,653
Cash at bank and on hand1,715,43516,555
1,864,941441,208
Creditors amounts falling due within one year6(159,101)(25,885)
Net current assets (liabilities)1,705,840415,323
Total assets less current liabilities3,017,5932,649,444
Net assets3,017,5932,649,444
Capital and reserves
Called up share capital22
Profit and loss account3,017,5912,649,442
Shareholders' funds3,017,5932,649,444
The financial statements were approved and authorised for issue by the Director on 7 October 2024, and are signed on its behalf by:
Christopher Caffrey
Director
Registered Company No. 09282105
BERCAF LIMITED
Notes to the Financial Statements
for the year ended 31 October 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Employee benefits
The company contributes to individual employee's workplace pension plans. Contributions payable are charged to the income statement in the period to which they relate to. The assets of the plan are held separately from those of the company in independently administered funds.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows: It is the company's policy not to depreciate freehold land and buildings which is a departure from the accounting standards. This is because the buildings are to be maintained at a high standard to ensure a long effective life so that in the view of the director the residual value is approximately the same as cost meaning that there is nothing to depreciate. Where any permanent diminution of property value occurs, a provision is made in the profit and loss account. The director's estimate of residual value is based on the price prevailing at the time of acquisition.

Straight line (years)
Fixtures and fittings4
Vehicles5
Office Equipment3
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
2.Average number of employees

20232022
Average number of employees during the year22
3.Tangible fixed assets

Land & buildings

Vehicles

Fixtures & fittings

Office Equipment

Total

£££££
Cost or valuation
At 01 November 221,121,03626,07920,40522,8221,190,342
Additions--2652,5562,821
At 31 October 231,121,03626,07920,67025,3781,193,163
Depreciation and impairment
At 01 November 22-15,83120,40521,88658,122
Charge for year-3,416661,7895,271
At 31 October 23-19,24720,47123,67563,393
Net book value
At 31 October 231,121,0366,8321991,7031,129,770
At 31 October 221,121,03610,248-9361,132,220
4.Fixed asset investments

Other investments1

Total

££
Cost or valuation
At 01 November 221,101,9011,101,901
Additions153,082153,082
Disposals(1,073,000)(1,073,000)
At 31 October 23181,983181,983
Net book value
At 31 October 23181,983181,983
At 31 October 221,101,9011,101,901

Notes

1Other investments other than loans
5.Debtors: amounts due within one year

2023

2022

££
Trade debtors / trade receivables97,71536,498
Amounts owed by associates and joint ventures / participating interests-336,365
Other debtors51,79151,790
Total149,506424,653
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
6.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables3,4225,778
Amounts owed to related parties105-
Taxation and social security154,90020,107
Accrued liabilities and deferred income674-
Total159,10125,885
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
7.Provisions for liabilities