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REGISTERED NUMBER: 03626054 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

Bertrand Limited

Bertrand Limited (Registered number: 03626054)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Bertrand Limited

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: R D Lentin
Mrs M E Lentin
G Lentin





REGISTERED OFFICE: Sherwood House
41 Queens Road
Farnborough
Hants
GU14 6JP





REGISTERED NUMBER: 03626054 (England and Wales)





ACCOUNTANTS: Jones & Co
Sherwood House
41 Queens Road
Farnborough
Hants
GU14 6JP

Bertrand Limited (Registered number: 03626054)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,026 2,154
Investment property 5 650,000 650,000
652,026 652,154

CURRENT ASSETS
Debtors 6 652 -
Cash at bank 3,509 12,537
4,161 12,537
CREDITORS
Amounts falling due within one year 7 39,726 26,376
NET CURRENT LIABILITIES (35,565 ) (13,839 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

616,461

638,315

CREDITORS
Amounts falling due after more than one year 8 (342,145 ) (342,145 )

PROVISIONS FOR LIABILITIES (77,775 ) (77,775 )
NET ASSETS 196,541 218,395

CAPITAL AND RESERVES
Called up share capital 4 4
Fair value reserve 9 427,487 427,487
Retained earnings (230,950 ) (209,096 )
SHAREHOLDERS' FUNDS 196,541 218,395

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 6 November 2024 and were signed on its behalf by:




R D Lentin - Director


Bertrand Limited (Registered number: 03626054)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Bertrand 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.

Turnover
Turnover represents rental income from investment property and is recognised according to the terms of tenancies.

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 reducing balance
Office equipment - 20% on reducing balance

Investment property
Investment property is shown at its most recent valuation. Any aggregate surplus or deficit arising from changes in market value is transferred to a fair value reserve.

No depreciation is provided on investment property since in the directors' opinion the value is substantially in excess of cost.

Taxation
Taxation for the year comprises current and deferred tax.

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 fair value adjustments to the valuation of investment properties.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Office
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 15,782 5,933 21,715
Additions - 379 379
At 31 March 2024 15,782 6,312 22,094
DEPRECIATION
At 1 April 2023 14,812 4,749 19,561
Charge for year 194 313 507
At 31 March 2024 15,006 5,062 20,068
NET BOOK VALUE
At 31 March 2024 776 1,250 2,026
At 31 March 2023 970 1,184 2,154

Bertrand Limited (Registered number: 03626054)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 650,000
NET BOOK VALUE
At 31 March 2024 650,000
At 31 March 2023 650,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2002 150,262
Valuation in 2005 50,000
Valuation in 2006 40,000
Valuation in 2013 65,000
Valuation in 2017 150,000
Valuation in 2020 (3,160 )
Valuation in 2021 4,000
Valuation in 2022 (840 )
Valuation in 2023 50,000
Cost 144,738
650,000

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

31.3.24 31.3.23
£    £   
Cost 144,738 144,738

Investment property was valued on an open market basis on 31 March 2024 by R D Lentin .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 652 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Taxation and social security 339 312
Other creditors 39,387 26,064
39,726 26,376

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 342,145 342,145

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loan over five years 342,145 342,145

Bertrand Limited (Registered number: 03626054)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

9. RESERVES
Fair
value
reserve
£   
At 1 April 2023
and 31 March 2024 427,487