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REGISTERED NUMBER: 02362299 (England and Wales)












BEREKDAR DEVELOPMENTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

31 MARCH 2023 TO 31 MARCH 2024






BEREKDAR DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02362299)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 31 MARCH 2023 TO 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7

Chartered Certified Accountants' Report 8

BEREKDAR DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE PERIOD 31 MARCH 2023 TO 31 MARCH 2024







DIRECTORS: Mr S Berekdar
Mrs C S Berekdar





SECRETARY: Mrs C S Berekdar





REGISTERED OFFICE: Highland
Grafton Lane
Hereford
Herefordshire
HR2 8BL





REGISTERED NUMBER: 02362299 (England and Wales)





ACCOUNTANTS: Lockett & Co
Chartered Certified Accountants
Shelton House
Coningsby Street
Hereford
Herefordshire
HR1 2DY

BEREKDAR DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02362299)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 61,500 81,830
Investment property 5 250,000 250,000
311,500 331,830

CURRENT ASSETS
Stocks 626,354 626,354
Debtors 6 1,487,713 640,907
Cash at bank 15,971 959,952
2,130,038 2,227,213
CREDITORS
Amounts falling due within one year 7 179,078 346,649
NET CURRENT ASSETS 1,950,960 1,880,564
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,262,460

2,212,394

PROVISIONS FOR LIABILITIES 40,033 34,829
NET ASSETS 2,222,427 2,177,565

CAPITAL AND RESERVES
Called up share capital 100 100
Profit and loss reserve - non distributable 8 81,159 86,878
Retained earnings 2,141,168 2,090,587
SHAREHOLDERS' FUNDS 2,222,427 2,177,565

BEREKDAR DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02362299)

BALANCE SHEET - continued
31 MARCH 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 March 2025 and were signed on its behalf by:





Mr S Berekdar - Director


BEREKDAR DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02362299)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 31 MARCH 2023 TO 31 MARCH 2024

1. STATUTORY INFORMATION

Berekdar Developments 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention except for modification to a fair value basis for certain fixed assets, as specified in the accounting policies below.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents sales of residential properties constructed by the company, goods sold and services provided under building contracts with customers and rental and service charge income received or receivable by the company from leasing its investment properties.
Where a service is incomplete at the period end, turnover represents the value of the service provided to that date based on an appropriate proportion of the total expected consideration at completion.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.
Depreciation is provided at the following annual rates in order to write off the cost of each asset less its estimated residual value over its estimated useful life.

Plant and equipment- 10% on reducing balance
Computer equipment- 20% on reducing balance
Motor vehicles- 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks and work in progress are valued at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items.
Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Financial instruments
Financial assets and financial liabilities are recognised on the balance sheet when the entity becomes party to the contractual provisions of the financial instrument.

Debtors and Creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.


BEREKDAR DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02362299)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 31 MARCH 2023 TO 31 MARCH 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 31 March 2023
and 31 March 2024 120,135
DEPRECIATION
At 31 March 2023 38,305
Charge for period 20,330
At 31 March 2024 58,635
NET BOOK VALUE
At 31 March 2024 61,500
At 30 March 2023 81,830

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 31 March 2023
and 31 March 2024 250,000
NET BOOK VALUE
At 31 March 2024 250,000
At 30 March 2023 250,000

BEREKDAR DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02362299)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 31 MARCH 2023 TO 31 MARCH 2024

5. INVESTMENT PROPERTY - continued

Investment properties were valued on an open market freehold basis on 31 March 2024 by a director of the company, based on a previous professional valuation deemed to still be appropriate.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 14,193 11,994
Amounts owed by group undertakings 1,064,961 625,192
Other debtors 408,559 3,721
1,487,713 640,907

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 8,240 5,926
Amounts owed to group undertakings 110 -
Taxation and social security 140,492 309,468
Other creditors 30,236 31,255
179,078 346,649

8. RESERVES
Profit
and loss
reserve -
non
distributable
£   
At 31 March 2023 86,878
Transfer between reserves (5,719 )

At 31 March 2024 81,159

This non-distributable reserve relates to unrealised gains less attributable deferred tax, on investment properties carried at fair value, transferred from profit and loss reserve.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the periods ended 31 March 2024 and 30 March 2023:

2024 2023
£    £   
Mr S Berekdar
Balance outstanding at start of period - 637,431
Amounts advanced 481,926 907,953
Amounts repaid (77,980 ) (1,545,384 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 403,946 -

BEREKDAR DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02362299)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 31 MARCH 2023 TO 31 MARCH 2024

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

These advances and credits were unsecured, repayable on demand with interest paid at the statutory rate. The above amounts represent an aggregate summary of all the amounts advanced to the director.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
BEREKDAR DEVELOPMENTS LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Profit and Loss Account and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Berekdar Developments Limited for the period ended 31 March 2024 which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Berekdar Developments Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Berekdar Developments Limited and state those matters that we have agreed to state to the Board of Directors of Berekdar Developments Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Berekdar Developments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Berekdar Developments Limited. You consider that Berekdar Developments Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Berekdar Developments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Lockett & Co
Chartered Certified Accountants
Shelton House
Coningsby Street
Hereford
Herefordshire
HR1 2DY


14 March 2025