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 |
|
|
|
|
|
|
|
|
|