Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-312023-05-01falseNo description of principal activity22falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08503070 2023-05-01 2024-05-31 08503070 2022-05-01 2023-04-30 08503070 2024-05-31 08503070 2023-04-30 08503070 c:Director1 2023-05-01 2024-05-31 08503070 d:PlantMachinery 2023-05-01 2024-05-31 08503070 d:PlantMachinery 2024-05-31 08503070 d:PlantMachinery 2023-04-30 08503070 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-05-01 2024-05-31 08503070 d:MotorVehicles 2023-05-01 2024-05-31 08503070 d:MotorVehicles 2024-05-31 08503070 d:MotorVehicles 2023-04-30 08503070 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-05-01 2024-05-31 08503070 d:ComputerEquipment 2023-05-01 2024-05-31 08503070 d:ComputerEquipment 2024-05-31 08503070 d:ComputerEquipment 2023-04-30 08503070 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-05-31 08503070 d:OwnedOrFreeholdAssets 2023-05-01 2024-05-31 08503070 d:CurrentFinancialInstruments 2024-05-31 08503070 d:CurrentFinancialInstruments 2023-04-30 08503070 d:Non-currentFinancialInstruments 2024-05-31 08503070 d:Non-currentFinancialInstruments 2023-04-30 08503070 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 08503070 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 08503070 d:Non-currentFinancialInstruments d:AfterOneYear 2024-05-31 08503070 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 08503070 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-05-31 08503070 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-04-30 08503070 d:ShareCapital 2024-05-31 08503070 d:ShareCapital 2023-04-30 08503070 d:SharePremium 2024-05-31 08503070 d:SharePremium 2023-04-30 08503070 d:RetainedEarningsAccumulatedLosses 2024-05-31 08503070 d:RetainedEarningsAccumulatedLosses 2023-04-30 08503070 c:FRS102 2023-05-01 2024-05-31 08503070 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-05-31 08503070 c:FullAccounts 2023-05-01 2024-05-31 08503070 c:PrivateLimitedCompanyLtd 2023-05-01 2024-05-31 08503070 2 2023-05-01 2024-05-31 08503070 6 2023-05-01 2024-05-31 08503070 e:PoundSterling 2023-05-01 2024-05-31 iso4217:GBP xbrli:pure

Registered number: 08503070









BERKELEY PROPERTY DEVELOPMENT LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MAY 2024

 
BERKELEY PROPERTY DEVELOPMENT LIMITED
REGISTERED NUMBER: 08503070

BALANCE SHEET
AS AT 31 MAY 2024

31 May
30 April
2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
33,443
44,589

Investments
 5 
10,624,998
12,322,208

  
10,658,441
12,366,797

Current assets
  

Debtors: amounts falling due within one year
 6 
4,953,040
2,887,498

Cash at bank and in hand
 7 
13,213
260,754

  
4,966,253
3,148,252

Creditors: amounts falling due within one year
 8 
(214,380)
(682,859)

Net current assets
  
 
 
4,751,873
 
 
2,465,393

Total assets less current liabilities
  
15,410,314
14,832,190

Creditors: amounts falling due after more than one year
 9 
-
(20,272)

  

Net assets
  
15,410,314
14,811,918


Capital and reserves
  

Called up share capital 
  
4
4

Share premium account
  
2,375,274
2,375,274

Profit and loss account
  
13,035,036
12,436,640

  
15,410,314
14,811,918


Page 1

 
BERKELEY PROPERTY DEVELOPMENT LIMITED
REGISTERED NUMBER: 08503070
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the Period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 27 February 2025.




H S Chowdhry
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
BERKELEY PROPERTY DEVELOPMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

1.


General information

Berkeley Property Development Limited is a private company limited by shares and incorporated in England & Wales (registered number 08503070). The registered office is Manor House, West Heath Close, London, NW3 7NJ. The financial statements are presented in Sterling, which is the functional currency of the company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
BERKELEY PROPERTY DEVELOPMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the Period in which they are incurred.

Page 4

 
BERKELEY PROPERTY DEVELOPMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
Reducing balance method
Motor vehicles
-
25%
Reducing balance method
Computer equipment
-
25%
Reducing balance method

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 5

 
BERKELEY PROPERTY DEVELOPMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the Period was 2 (2023 - 2).


4.


Tangible fixed assets







Plant and machinery
Motor vehicles
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 May 2023
545
54,000
569
55,114



At 31 May 2024

545
54,000
569
55,114



Depreciation


At 1 May 2023
340
10,125
59
10,524


Charge for the Period on owned assets
51
10,969
127
11,147



At 31 May 2024

391
21,094
186
21,671



Net book value



At 31 May 2024
154
32,906
383
33,443



At 30 April 2023
204
43,875
510
44,589

Page 6

 
BERKELEY PROPERTY DEVELOPMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

5.


Fixed asset investments








Listed investments
Unlisted investments
Total

£
£
£



Cost or valuation


At 1 May 2023
829,294
11,492,914
12,322,208


Additions
208,798
244,800
453,598


Disposals
-
(2,150,808)
(2,150,808)



At 31 May 2024
1,038,092
9,586,906
10,624,998




Page 7

 
BERKELEY PROPERTY DEVELOPMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

6.


Debtors

31 May
30 April
2024
2023
£
£


Other debtors
4,953,040
2,884,867

Prepayments and accrued income
-
2,631

4,953,040
2,887,498



7.


Cash and cash equivalents

31 May
30 April
2024
2023
£
£

Cash at bank and in hand
13,213
260,754

13,213
260,754



8.


Creditors: Amounts falling due within one year

31 May
30 April
2024
2023
£
£

Corporation tax
128,001
-

Other creditors
7,195
680,859

Accruals and deferred income
79,184
2,000

214,380
682,859



9.


Creditors: Amounts falling due after more than one year

31 May
30 April
2024
2023
£
£

Bank loans
-
20,272

-
20,272


Page 8

 
BERKELEY PROPERTY DEVELOPMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

10.


Loans


Analysis of the maturity of loans is given below:


31 May
30 April
2024
2023
£
£



Amounts falling due 2-5 years

Bank loans
-
20,272


-
20,272


-
20,272



11.


Related party transactions

Included in other debtors is an amount of £995,619 (2023:£Nil) due from a  director of the company, the director has repaid the advance in full. 

 
Page 9