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REGISTERED NUMBER: 09791449 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Bernards Estate and Letting Agents Ltd

Bernards Estate and Letting Agents Ltd (Registered number: 09791449)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bernards Estate and Letting Agents Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTOR: D W Byrne





REGISTERED OFFICE: c/o Ency Associates
Printware Court
Cumberland Business Centre
Portsmouth
Hampshire
PO5 1DS





REGISTERED NUMBER: 09791449 (England and Wales)





ACCOUNTANTS: Ency Associates
Chartered Certified Accountants
Printware Court
Cumberland Business Centre
Northumberland Road
Portsmouth
Hampshire
PO5 1DS

Bernards Estate and Letting Agents Ltd (Registered number: 09791449)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 140,746 155,787

CURRENT ASSETS
Debtors 5 621,685 703,580
Cash at bank and in hand 3,408 18,570
625,093 722,150
CREDITORS
Amounts falling due within one year 6 557,629 634,096
NET CURRENT ASSETS 67,464 88,054
TOTAL ASSETS LESS CURRENT LIABILITIES 208,210 243,841

CREDITORS
Amounts falling due after more than
one year

7

(106,779

)

(171,526

)

PROVISIONS FOR LIABILITIES (16,912 ) (13,945 )
NET ASSETS 84,519 58,370

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 84,419 58,270
SHAREHOLDERS' FUNDS 84,519 58,370

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Bernards Estate and Letting Agents Ltd (Registered number: 09791449)

Balance Sheet - continued
31 December 2023


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 director and authorised for issue on 26 November 2024 and were signed by:





D W Byrne - Director


Bernards Estate and Letting Agents Ltd (Registered number: 09791449)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Bernards Estate and Letting Agents Ltd 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Plant & machinery - 25% on reducing balance
Fixtures & fittings - 25% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

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 all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Bernards Estate and Letting Agents Ltd (Registered number: 09791449)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 31 (2022 - 34 ) .

4. TANGIBLE FIXED ASSETS
Improvements
to Plant & Fixtures Computer
property machinery & fittings equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 92,942 13,285 104,161 19,813 230,201
Additions - 16,600 2,441 - 19,041
At 31 December 2023 92,942 29,885 106,602 19,813 249,242
DEPRECIATION
At 1 January 2023 10,550 5,981 41,834 16,049 74,414
Charge for year 9,294 5,976 16,192 2,620 34,082
At 31 December 2023 19,844 11,957 58,026 18,669 108,496
NET BOOK VALUE
At 31 December 2023 73,098 17,928 48,576 1,144 140,746
At 31 December 2022 82,392 7,304 62,327 3,764 155,787

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 49,228 29,252
Other debtors 572,457 674,328
621,685 703,580

Bernards Estate and Letting Agents Ltd (Registered number: 09791449)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 64,492 64,556
Trade creditors 58,544 59,766
Taxation and social security 147,647 196,184
Other creditors 286,946 313,590
557,629 634,096

Client accounts balances at the year end are £165,837 (2022 - £145,627). These balances are not included in creditors, nor cash at bank and in hand.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans 106,779 171,526

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 7,780 13,219

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.23 31.12.22
£    £   
Within one year 6,990 18,911
Between one and five years 66,465 75,667
In more than five years 723,734 675,900
797,189 770,478

Bernards Estate and Letting Agents Ltd (Registered number: 09791449)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
D W Byrne
Balance outstanding at start of year 143,802 207,526
Amounts advanced 40,146 161,276
Amounts repaid (175,000 ) (225,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 8,948 143,802

Interest of £1,747 (2022:£3,312) has been charged in the period in respect of the above.

10. ULTIMATE CONTROLLING PARTY

The controlling party is D W Byrne.