Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-31trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.52023-06-01falseNo description of principal activity4true 11872190 2023-06-01 2024-05-31 11872190 2022-06-01 2023-05-31 11872190 2024-05-31 11872190 2023-05-31 11872190 c:Director1 2023-06-01 2024-05-31 11872190 c:Director2 2023-06-01 2024-05-31 11872190 c:Director3 2023-06-01 2024-05-31 11872190 c:Director4 2023-06-01 2024-05-31 11872190 c:RegisteredOffice 2023-06-01 2024-05-31 11872190 d:ComputerEquipment 2023-06-01 2024-05-31 11872190 d:ComputerEquipment 2024-05-31 11872190 d:ComputerEquipment 2023-05-31 11872190 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 11872190 d:OtherPropertyPlantEquipment 2023-06-01 2024-05-31 11872190 d:OtherPropertyPlantEquipment 2024-05-31 11872190 d:OtherPropertyPlantEquipment 2023-05-31 11872190 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 11872190 d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 11872190 d:CurrentFinancialInstruments 2024-05-31 11872190 d:CurrentFinancialInstruments 2023-05-31 11872190 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 11872190 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 11872190 d:ShareCapital 2024-05-31 11872190 d:ShareCapital 2023-05-31 11872190 d:SharePremium 2024-05-31 11872190 d:SharePremium 2023-05-31 11872190 d:RetainedEarningsAccumulatedLosses 2024-05-31 11872190 d:RetainedEarningsAccumulatedLosses 2023-05-31 11872190 c:FRS102 2023-06-01 2024-05-31 11872190 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 11872190 c:FullAccounts 2023-06-01 2024-05-31 11872190 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure
Company registration number: 11872190







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MAY 2024


BERKELEY TRADE FINANCE LIMITED






































img7edd.png                        

 


BERKELEY TRADE FINANCE LIMITED
 


 
COMPANY INFORMATION


Directors
H Hekmatpanah 
S Pleace 
S Sarkoob 
K Shah 




Registered number
11872190



Registered office
Lynton House
7-12 Tavistock Square

London

United Kingdom

WC1H 9LT




Trading Address
167-169 Great Portland Street
5th Floor

London

W1W 5PF






Accountants
Menzies LLP
Chartered Accountants

Lynton House

7-12 Tavistock Square

London

WC1H 9LT





 


BERKELEY TRADE FINANCE LIMITED
REGISTERED NUMBER:11872190



STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,270
3,015

  
2,270
3,015

Current assets
  

Debtors: amounts falling due within one year
 5 
751,847
1,744,741

Cash at bank and in hand
  
764,269
715,116

  
1,516,116
2,459,857

Creditors: amounts falling due within one year
 6 
(1,288,958)
(2,002,172)

Net current assets
  
 
 
227,158
 
 
457,685

Total assets less current liabilities
  
229,428
460,700

  

Net assets
  
229,428
460,700


Capital and reserves
  

Called up share capital 
  
199
199

Share premium account
  
299,900
299,900

Profit and loss account
  
(70,671)
160,601

  
229,428
460,700

Page 1

 


BERKELEY TRADE FINANCE LIMITED
REGISTERED NUMBER:11872190


    
STATEMENT OF FINANCIAL POSITION (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 year 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 income and retained earnings 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 by: 

S Sarkoob
Director

Date: 28 February 2025

The notes on pages 3 to 6 form part of these financial statements.
Page 2

 


BERKELEY TRADE FINANCE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

Berkeley Trade Finance Limited is a limited liability company, limited by shares, registered in England and Wales, registered number 11872190. The registered office and principal place of business is disclosed on the company information page.

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

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 generated by providng  trade finance services and is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 
2.3

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.

 
2.4

Borrowing costs

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

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 


BERKELEY TRADE FINANCE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.6

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 reporting date in the countries where the Company operates and generates income.
 
2.7

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:

Computer equipment
-
25%
Other fixed assets
-
25%

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.

 
2.8

Financial instruments

The Company only enters into basic financial instrument 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 related parties and investments in ordinary shares.

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or income as appropriate. The company does not currently apply hedge accounting for interest rate and foreign exchange derivatives.


3.


Employees

The average monthly number of employees, including directors, during the year was 5 (2023 - 4).

Page 4

 


BERKELEY TRADE FINANCE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

4.


Tangible fixed assets





Computer equipment
Other fixed assets
Total

£
£
£



Cost or valuation


At 1 June 2023
3,449
440
3,889



At 31 May 2024

3,449
440
3,889



Depreciation


At 1 June 2023
619
255
874


Charge for the year on owned assets
698
47
745



At 31 May 2024

1,317
302
1,619



Net book value



At 31 May 2024
2,132
138
2,270



At 31 May 2023
2,830
185
3,015


5.


Debtors

2024
2023
£
£


Trade debtors
386,001
218,890

Other debtors
364,140
1,522,173

Prepayments and accrued income
1,706
3,678

751,847
1,744,741


Page 5

 


BERKELEY TRADE FINANCE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other loans
1,196,609
1,796,609

Trade creditors
16,745
9,392

Corporation tax
-
27,036

Other taxation and social security
9,670
75,509

Other creditors
1,053
2,891

Accruals and deferred income
64,881
90,735

1,288,958
2,002,172


 
Page 6