Registered number
03901306
Berrymist Limited
Filleted Accounts
31 December 2024
Berrymist Limited
Registered number: 03901306
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Investment properties 3 1,766,218 1,766,218
Tangible assets 4 2,321 4,325
1,768,539 1,770,543
Current assets
Debtors 5 - 6,124
Cash at bank and in hand 472 626
472 6,750
Creditors: amounts falling due within one year 6 (30,774) (29,571)
Net current liabilities (30,302) (22,821)
Total assets less current liabilities 1,738,237 1,747,722
Creditors: amounts falling due after more than one year 7 (804,090) (839,078)
Net assets 934,147 908,644
Capital and reserves
Called up share capital 2 2
Profit and loss account 934,145 908,642
Shareholders' funds 934,147 908,644
The director is 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 director acknowledges his 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.
S. Berry
Director
Approved by the board on 24 February 2025
Berrymist Limited
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Statutory information
Berrymist Limited 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.
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).
The presentation currency is £ sterling.
Turnover
Turnover represents the value, net of value added tax and discounts, of rental income receivable from residential and commercial properties.
Tangible fixed assets
Depreciation has been provided at the following annual rate in order to write off the assets over their estimated useful life.
Fixtures, fittings and equipment 25% reducing balance
Investment properties
Investment property is included at fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Taxation
Taxation for the year comprises current 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 tax is recognised at the amount of tax payableusing the tax rates and lawsthat havebeen enacted or substantively enacted by the balance sheet date.
Employees 2024 2023
Number Number
2 Average number of persons employed by the company 3 2
3 Investment properties £
Cost
At 1 January 2024 1,766,218
At 31 December 2024 1,766,218
Depreciation
At 31 December 2024 -
Net book value
At 31 December 2024 1,766,218
At 31 December 2023 1,766,218
4 Tangible fixed assets
Fixtures, fittings and equipment
£
Cost
At 1 January 2024 30,011
Disposals (23,246)
At 31 December 2024 6,765
Depreciation
At 1 January 2024 25,686
Charge for the year 774
On disposals (22,016)
At 31 December 2024 4,444
Net book value
At 31 December 2024 2,321
At 31 December 2023 4,325
5 Debtors 2024 2023
£ £
Other debtors - 6,124
6 Creditors: amounts falling due within one year 2024 2023
£ £
Corporation tax 8,216 10,363
Other creditors 22,558 19,208
30,774 29,571
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 443,905 -
Other creditors 360,185 839,078
804,090 839,078
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