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REGISTERED NUMBER: 11149264 (England and Wales)











Financial Statements

for the Year Ended 31 March 2024

for

GARETH BERTRAM LTD

GARETH BERTRAM LTD (REGISTERED NUMBER: 11149264)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GARETH BERTRAM LTD

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mr G J Bertram





REGISTERED OFFICE: 42 Lytton Road
Barnet
Hertfordshire
EN5 5BY





REGISTERED NUMBER: 11149264 (England and Wales)





ACCOUNTANTS: Jeff Lermer & Associates
Chartered Accountants
42 Lytton Road
Barnet
Hertfordshire
EN5 5BY

GARETH BERTRAM LTD (REGISTERED NUMBER: 11149264)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,000 15,000
Investments 5 100 100
15,100 15,100

CURRENT ASSETS
Stocks 6 3,242,284 4,476,219
Debtors 7 3,471,751 2,299,670
Cash at bank 23,114 308,511
6,737,149 7,084,400
CREDITORS
Amounts falling due within one year 8 6,439,444 6,665,228
NET CURRENT ASSETS 297,705 419,172
TOTAL ASSETS LESS CURRENT
LIABILITIES

312,805

434,272

CREDITORS
Amounts falling due after more than one year 9 3,318,156 2,696,592
NET LIABILITIES (3,005,351 ) (2,262,320 )

CAPITAL AND RESERVES
Called up share capital 12 4,001 4,001
Retained earnings (3,009,352 ) (2,266,321 )
SHAREHOLDERS' FUNDS (3,005,351 ) (2,262,320 )

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 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.

GARETH BERTRAM LTD (REGISTERED NUMBER: 11149264)

Balance Sheet - continued
31 March 2024


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 27 December 2024 and were signed by:





Mr G J Bertram - Director


GARETH BERTRAM LTD (REGISTERED NUMBER: 11149264)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Gareth Bertram 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 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.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST OR VALUATION
At 1 April 2023
and 31 March 2024 15,000
NET BOOK VALUE
At 31 March 2024 15,000
At 31 March 2023 15,000

Cost or valuation at 31 March 2024 is represented by:

Freehold
property
£   
Valuation in 2020 (593,768 )
Cost 608,768
15,000

GARETH BERTRAM LTD (REGISTERED NUMBER: 11149264)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. FIXED ASSET INVESTMENTS
Unlisted
investme
£   
COST
At 1 April 2023
and 31 March 2024 100
NET BOOK VALUE
At 31 March 2024 100
At 31 March 2023 100

6. STOCKS
31.3.24 31.3.23
£    £   
Work-in-progress 3,242,284 4,476,219

7. DEBTORS
31.3.24 31.3.23
£    £   
Amounts falling due within one year:
Amounts owed by group undertakings 3,172,649 2,022,392
Prepayments and accrued income 19,000 15,500
3,191,649 2,037,892

Amounts falling due after more than one year:
Other debtors 280,102 261,778

Aggregate amounts 3,471,751 2,299,670

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts (see note 10) 10,000 10,000
Trade creditors 6,405,419 4,899,218
Amounts owed to group undertakings - 1,092,459
Other creditors 21,145 855
Directors' current accounts - 653,636
Accruals and deferred income 2,880 9,060
6,439,444 6,665,228

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans (see note 10) 3,318,156 2,696,592

GARETH BERTRAM LTD (REGISTERED NUMBER: 11149264)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.3.24 31.3.23
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 3,306,489 2,674,925

10. LOANS

An analysis of the maturity of loans is given below:

31.3.24 31.3.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,000 10,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 11,667 21,667

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 3,306,489 2,674,925

11. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 3,328,156 2,706,592

Included in long term liabilities is a loan of £3,328,156 (2023: £2,706,592), which is secured against the investment properties and stock of the company.

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
1,000 B Ordinary £1 1,000 1,000
1,000 C Ordinary £1 1,000 1,000
1,000 D Ordinary £1 1,000 1,000
1,000 E Ordinary £1 1,000 1,000
1 A Ordinary £1 1 1
4,001 4,001

GARETH BERTRAM LTD (REGISTERED NUMBER: 11149264)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

13. RELATED PARTY DISCLOSURES

As at the balance sheet date, included in debtors due within one year is £1,390,691 (2023: £1,303,191), due from Gareth Bertram Commercial Limited, £585,737 (2023: £302,536 ), due from Holtram TLPI Ltd, and £731,007 (2023: -£1,092,45) due from John Charles property Investments Ltd, companies in which there is common directorship.

As at the balance sheet date, included in debtors due within more than one year is £280,102 (2023 £261,778), due and payable from Gareth Bertram Commercial Limited. Interest of £18,324 at 7% was charged on the loan for the period.

As at the balance sheet date, included in debtors due within one year is £222,210 (2023: £211,910), due and payable from Gareth Bertram Contractors, £243,004 (2024: £204,754) due from Gareth Bertram Property Portfolio, businesses in which the director operates.

At the balance sheet date, included in creditors due within one year is £() (2023 : £653,636), due and payable to the director.The amount is interest free and repayable on demand.

14. ULTIMATE CONTROLLING PARTY

The controlling party is Mr G J Bertram.