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Company No: 03941192 (England and Wales)

BRIAN BERG LTD

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

BRIAN BERG LTD

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

BRIAN BERG LTD

STATEMENT OF FINANCIAL POSITION

As at 31 March 2024
BRIAN BERG LTD

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 March 2024
Note 2024 2023
£ £
Fixed assets
Investments 3 982,019 915,894
982,019 915,894
Current assets
Debtors 4 62,929 2,500
Cash at bank and in hand 5 11,318 24,310
74,247 26,810
Creditors: amounts falling due within one year 6 ( 30,000) ( 1,890)
Net current assets 44,247 24,920
Total assets less current liabilities 1,026,266 940,814
Net assets 1,026,266 940,814
Capital and reserves
Called-up share capital 100 100
Revaluation reserve 407,197 519,714
Profit and loss account 618,969 421,000
Total shareholders' funds 1,026,266 940,814

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Brian Berg Ltd (registered number: 03941192) were approved and authorised for issue by the Director. They were signed on its behalf by:

B Berg
Director

17 February 2025

BRIAN BERG LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
BRIAN BERG LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Brian Berg Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 14 Linden Lea, London, N2 0RG, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to and from related parties and investments in non-puttable ordinary shares.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the company during the year, including the director 1 1

3. Fixed asset investments

Listed investments Total
£ £
Cost or valuation before impairment
At 01 April 2023 915,894 915,894
Additions 50,871 50,871
Disposals ( 97,263) ( 97,263)
Movement in fair value 112,517 112,517
At 31 March 2024 982,019 982,019
Carrying value at 31 March 2024 982,019 982,019
Carrying value at 31 March 2023 915,894 915,894

4. Debtors

2024 2023
£ £
Trade debtors 2,500 2,500
Corporation tax 429 0
Other debtors 60,000 0
62,929 2,500

5. Cash and cash equivalents

2024 2023
£ £
Cash at bank and in hand 11,318 24,310

6. Creditors: amounts falling due within one year

2024 2023
£ £
Taxation and social security 0 1,890
Other creditors 30,000 0
30,000 1,890