Registered number
12005578
Berkshire Property Ventures Ltd
Unaudited Filleted Accounts
31 May 2024
Berkshire Property Ventures Ltd
Registered number: 12005578
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Investments 3 420,000 323,227
Current assets
Debtors 4 20,000 20,000
Investments held as current assets 5 500 2,000
Cash at bank and in hand 13,590 32,824
34,090 54,824
Creditors: amounts falling due within one year 6 (42,871) (52,116)
Net current (liabilities)/assets (8,781) 2,708
Total assets less current liabilities 411,219 325,935
Creditors: amounts falling due after more than one year 7 (341,638) (348,844)
Provisions for liabilities (18,778) -
Net assets/(liabilities) 50,803 (22,909)
Capital and reserves
Called up share capital 2 2
Profit and loss account 9 50,801 (22,911)
Shareholders' funds 50,803 (22,909)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
P S J Watts
Director
Approved by the board on 11 February 2025
Berkshire Property Ventures Ltd
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. 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.
Debtors
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.
Creditors
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Investments
Other
investments
£
Cost
At 1 June 2023 323,227
Additions 8,888
Revaluation 87,885
At 31 May 2024 420,000
Historical cost
At 1 June 2023 323,227
At 31 May 2024 332,115
The company's investment properties are included at fair values as at 31 May 2024 as per an external valuation obtained by the directors.
4 Debtors 2024 2023
£ £
Other debtors 20,000 20,000
5 Investments held as current assets 2024 2023
£ £
Fair value
Unlisted investments 500 2,000
Increase/(decrease) in fair value included in the profit and loss account for the financial year
Unlisted investments (1,500) -
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 7,240 6,160
Trade creditors 750 1,075
Other creditors 34,881 44,881
42,871 52,116
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 341,638 348,844
8 Loans 2024 2023
£ £
Creditors include:
Instalments falling due for payment after more than five years 308,561 308,561
Secured bank loans 308,561 308,561
Charges dated 13 December 2022 and 23 January 2023, created by the company in favour of Charter Court Financial Services Limited and secured over the company's investment properties, were registered at Companies House on 13 December 2022 and 23 January 2023 respectively.
9 Non-distributable reserves
Of the total Profit and loss account reserves at 31 March 2024, an amount of £64,414 is undistributable at this date as it represents the net unrealised gains on the revaluation of investments. This leaves a balance of (£13,613) which is distributable at 31 March 2024.
# Related party transactions
Incuded in other debtors is a loan of £20,000 (2023:£20,000) from the company to Premier Explore Limited, another company in which the directors are interested as directors and shareholders. This loan is unsecured, interest free and with no fixed repayment date.

Included in other creditors are loans made to the company by the directors amounting to £33,581 (2023 £43,581). These loans are unsecured, interest free and with no fixed repayment date.
11 Controlling party
The ultimate controlling parties are the two directors, I J Cumberbatch and P S J Watts, by virtue of their combined ownership of the entire issued share capital of the company.
# Other information
Berkshire Property Ventures Ltd is a private company limited by shares and incorporated in England. Its registered office is:
70a Colfe Road
Forest Hill
London
SE23 2ER
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