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No description of principal activity
2023-03-01
Sage Accounts Production Advanced 2023 - FRS102_2023
20,120,000
20,120,000
20,120,000
xbrli:pure
xbrli:shares
iso4217:GBP
05702891
2023-03-01
2024-02-29
05702891
2024-02-29
05702891
2023-02-28
05702891
2022-03-01
2023-02-28
05702891
2023-02-28
05702891
2022-02-28
05702891
bus:OrdinaryShareClass1
2023-03-01
2024-02-29
05702891
bus:LeadAgentIfApplicable
2023-03-01
2024-02-29
05702891
bus:Director5
2023-03-01
2024-02-29
05702891
core:WithinOneYear
2024-02-29
05702891
core:WithinOneYear
2023-02-28
05702891
core:AfterOneYear
2024-02-29
05702891
core:AfterOneYear
2023-02-28
05702891
core:ShareCapital
2024-02-29
05702891
core:ShareCapital
2023-02-28
05702891
core:RetainedEarningsAccumulatedLosses
2024-02-29
05702891
core:RetainedEarningsAccumulatedLosses
2023-02-28
05702891
core:LandBuildings
2024-02-29
05702891
core:LandBuildings
2023-02-28
05702891
bus:SmallEntities
2023-03-01
2024-02-29
05702891
bus:AuditExemptWithAccountantsReport
2023-03-01
2024-02-29
05702891
bus:SmallCompaniesRegimeForAccounts
2023-03-01
2024-02-29
05702891
bus:PrivateLimitedCompanyLtd
2023-03-01
2024-02-29
05702891
bus:FullAccounts
2023-03-01
2024-02-29
05702891
bus:OrdinaryShareClass1
2024-02-29
05702891
bus:OrdinaryShareClass1
2023-02-28
05702891
core:AllAssociates
2023-03-01
2024-02-29
COMPANY REGISTRATION NUMBER:
05702891
Filleted Unaudited Financial Statements |
|
Year ended 29 February 2024
Chartered certified accountants report to the board of directors on the preparation of the unaudited statutory financial statements |
1 |
|
|
Statement of financial position |
2 |
|
|
Notes to the financial statements |
4 |
|
|
Chartered Certified Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of
BERSHAM (GLENSIDE) LTD |
|
Year ended 29 February 2024
As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 29 February 2024, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
VAGHELA & CO. (SERVICES) LTD.
Chartered Certified Accountants
P.O. Box 10901
Birmingham
B1 1ZQ
6 November 2024
Statement of Financial Position |
|
29 February 2024
Fixed assets
Tangible assets |
4 |
|
20,120,000 |
20,120,000 |
|
|
|
|
|
Current assets
Debtors |
5 |
67,560 |
|
67,560 |
Cash at bank and in hand |
970 |
|
593 |
|
-------- |
|
-------- |
|
68,530 |
|
68,153 |
|
|
|
|
|
Creditors: amounts falling due within one year |
6 |
190,668 |
|
139,987 |
|
--------- |
|
--------- |
Net current liabilities |
|
122,138 |
71,834 |
|
|
------------- |
------------- |
Total assets less current liabilities |
|
19,997,862 |
20,048,166 |
|
|
|
|
|
Creditors: amounts falling due after more than one year |
7 |
|
46,912 |
55,646 |
|
|
|
|
|
Provisions
Taxation including deferred tax |
|
3,803,800 |
3,803,800 |
|
|
------------- |
------------- |
Net assets |
|
16,147,150 |
16,188,720 |
|
|
------------- |
------------- |
|
|
|
|
Capital and reserves
Called up share capital |
8 |
|
2 |
2 |
Profit and loss account |
|
16,147,148 |
16,188,718 |
|
|
------------- |
------------- |
Shareholders funds |
|
16,147,150 |
16,188,720 |
|
|
------------- |
------------- |
|
|
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
Statement of Financial Position (continued) |
|
29 February 2024
These financial statements were approved by the
board of directors
and authorised for issue on
6 November 2024
, and are signed on behalf of the board by:
Company registration number:
05702891
Notes to the Financial Statements |
|
Year ended 29 February 2024
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 3 Melbourne Clock Lane, Bickenhill, Solihull, West Midlands, B92 0DX.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) No cash flow statement has been presented for the company. (b) Disclosures in respect of financial instruments have not been presented.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4.
Tangible assets
|
Land and buildings |
|
£ |
Cost |
|
At 1 March 2023 and 29 February 2024 |
20,120,000 |
|
------------- |
Depreciation |
|
At 1 March 2023 and 29 February 2024 |
– |
|
------------- |
Carrying amount |
|
At 29 February 2024 |
20,120,000 |
|
------------- |
At 28 February 2023 |
20,120,000 |
|
------------- |
|
|
5.
Debtors
|
2024 |
2023 |
|
£ |
£ |
Trade debtors |
42,560 |
42,560 |
Other debtors |
25,000 |
25,000 |
|
-------- |
-------- |
|
67,560 |
67,560 |
|
-------- |
-------- |
|
|
|
6.
Creditors:
amounts falling due within one year
|
2024 |
2023 |
|
£ |
£ |
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
– |
(
46,512) |
Corporation tax |
2,915 |
2,916 |
Other creditors |
187,753 |
183,583 |
|
--------- |
--------- |
|
190,668 |
139,987 |
|
--------- |
--------- |
|
|
|
7.
Creditors:
amounts falling due after more than one year
|
2024 |
2023 |
|
£ |
£ |
Bank loans and overdrafts |
25,096 |
33,830 |
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
21,816 |
21,816 |
|
-------- |
-------- |
|
46,912 |
55,646 |
|
-------- |
-------- |
|
|
|
8.
Called up share capital
Authorised share capital
|
2024 |
2023 |
|
No. |
£ |
No. |
£ |
Ordinary shares of £ 1 each |
2 |
2 |
2 |
2 |
|
---- |
---- |
---- |
---- |
|
|
|
|
|
Issued, called up and fully paid
|
2024 |
2023 |
|
No. |
£ |
No. |
£ |
Ordinary shares of £ 1 each |
2 |
2 |
2 |
2 |
|
---- |
---- |
---- |
---- |
|
|
|
|
|
9.
Directors' advances, credits and guarantees
During the year the director made advances and credits to the company. At the year end a balance of £186,393 (£182,383 - 2023) was owed to Mr T Smyth, the director. The loans are interest-free but repayable on demand.
10.
Related party transactions
Included within other creditors is an amount due of £21,816 (2023-£21,816) to Brereton Limited, an associated company. The loan is interest free but repayable on demand.