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REGISTERED NUMBER: 07506513 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

H J BERMAN PROPERTIES LIMITED

H J BERMAN PROPERTIES LIMITED (REGISTERED NUMBER: 07506513)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


H J BERMAN PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: H J Berman





REGISTERED OFFICE: Studio 29
Lonsdale Road
London
NW6 6RA





REGISTERED NUMBER: 07506513 (England and Wales)





ACCOUNTANTS: MGR Weston Kay LLP
Chartered Accountants
55 Loudoun Road
St John's Wood
London
NW8 0DL

H J BERMAN PROPERTIES LIMITED (REGISTERED NUMBER: 07506513)

BALANCE SHEET
30 JUNE 2024

30.6.24 30.6.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 3,953 7,758
Investment property 5 2,520,000 2,590,000
2,523,953 2,597,758

CURRENT ASSETS
Debtors 6 462,676 766,348
Cash at bank 109,191 7,736
571,867 774,084
CREDITORS
Amounts falling due within one year 7 (2,208,550 ) (1,972,389 )
NET CURRENT LIABILITIES (1,636,683 ) (1,198,305 )
TOTAL ASSETS LESS CURRENT LIABILITIES 887,270 1,399,453

CREDITORS
Amounts falling due after more than one
year

8

-

(520,250

)

PROVISIONS FOR LIABILITIES 10 (21,068 ) (36,907 )
NET ASSETS 866,202 842,296

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 12 866,102 842,196
SHAREHOLDERS' FUNDS 866,202 842,296

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

H J BERMAN PROPERTIES LIMITED (REGISTERED NUMBER: 07506513)

BALANCE SHEET - continued
30 JUNE 2024


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 director and authorised for issue on 29 January 2025 and were signed by:





H J Berman - Director


H J BERMAN PROPERTIES LIMITED (REGISTERED NUMBER: 07506513)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. COMPANY INFORMATION

H J Berman Properties 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

Accounting convention
These financial statements have been prepared in accordance with 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 as modified by the revaluation of certain assets.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statement are rounded to the nearest £.

Turnover
Turnover represents rental income. Rental income is recognised on an accruals basis in the period in which it is earned, in accordance with the terms of the lease.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 10% on cost

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Investment property
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in the profit and loss account. Deferred taxation is provided on the surplus at the rate expected to apply when the property is sold.


Impairment of fixed assets
At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

H J BERMAN PROPERTIES LIMITED (REGISTERED NUMBER: 07506513)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from related group companies , are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

H J BERMAN PROPERTIES LIMITED (REGISTERED NUMBER: 07506513)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 July 2023
and 30 June 2024 62,880
DEPRECIATION
At 1 July 2023 55,122
Charge for year 3,805
At 30 June 2024 58,927
NET BOOK VALUE
At 30 June 2024 3,953
At 30 June 2023 7,758

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023 2,590,000
Revaluations (70,000 )
At 30 June 2024 2,520,000
NET BOOK VALUE
At 30 June 2024 2,520,000
At 30 June 2023 2,590,000

The valuation of the investment properties was made at 30 June 2024 by the director of the company, on an open market basis. No depreciation is provided in respect of the properties.

On a historical basis the properties would have been included on the balance sheet at an original cost of £2,159,843 (2023: £2,159,843).


6. DEBTORS
30.6.24 30.6.23
£    £   
Amounts falling due within one year:
Other debtors 462,676 566,348

H J BERMAN PROPERTIES LIMITED (REGISTERED NUMBER: 07506513)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


6. DEBTORS - continued
30.6.24 30.6.23
£    £   
Amounts falling due after more than one year:
Other debtors - 200,000

Aggregate amounts 462,676 766,348

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts (see note 9) - 15,125
Amounts owed to participating interests 1,902,021 1,816,408
Taxation and social security 24,283 15,340
Other creditors 282,246 125,516
2,208,550 1,972,389

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans (see note 9) - 520,250

The loan was secured by a fixed charge over the investment properties.

9. LOANS

An analysis of the maturity of loans is given below:

30.6.24 30.6.23
£    £   
Amounts falling due within one year or on demand:
Bank loans - 15,125

Amounts falling due between one and two years:
Bank loans - 1-2 years - 520,250

10. PROVISIONS FOR LIABILITIES
30.6.24 30.6.23
£    £   
Deferred tax 21,068 36,907

H J BERMAN PROPERTIES LIMITED (REGISTERED NUMBER: 07506513)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


10. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 July 2023 36,907
Provided during year (15,839 )
Balance at 30 June 2024 21,068

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
100 Ordinary £1 100 100

12. RESERVES
Retained
earnings
£   

At 1 July 2023 842,196
Profit for the year 23,906
At 30 June 2024 866,102

Included in retained earnings is £339,089 (2023: £393,251) of unrealised profits which are not available for distribution.

13. RELATED PARTY DISCLOSURES

Included within creditors are amounts of £1,902,021 (2023: £1,816,408) owed to companies in which the director has material interests.

The amounts owed are unsecured, interest free and due for repayment within one year.