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REGISTERED NUMBER: 03382567 (England and Wales)










Unaudited Financial Statements

for the Year Ended 30 June 2024

for

UPPER BERKELEY STREET LEASEHOLDERS
LIMITED

UPPER BERKELEY STREET LEASEHOLDERS
LIMITED (Registered number: 03382567)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


UPPER BERKELEY STREET LEASEHOLDERS
LIMITED

Company Information
for the Year Ended 30 June 2024







DIRECTORS: D M Ahuja
M H Kersh
D V P Levine





REGISTERED OFFICE: Wilberforce House
Station Road
London
NW4 4QE





REGISTERED NUMBER: 03382567 (England and Wales)





ACCOUNTANTS: Cansdales Business Advisers Limited
St Mary's Court
The Broadway
Old Amersham
Buckinghamshire
HP7 0UT

UPPER BERKELEY STREET LEASEHOLDERS
LIMITED (Registered number: 03382567)

Balance Sheet
30 June 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 3 52,728 54,902

CURRENT ASSETS
Debtors 4 90,017 7,146
Investments 5 - 86,352
Cash at bank 74,248 51,141
164,265 144,639
CREDITORS
Amounts falling due within one year 6 (147,582 ) (152,019 )
NET CURRENT ASSETS/(LIABILITIES) 16,683 (7,380 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

69,411

47,522

CAPITAL AND RESERVES
Called up share capital 33 33
Capital redemption reserve 97,265 97,265
Retained earnings (27,887 ) (49,776 )
69,411 47,522

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 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 March 2025 and were signed on its behalf by:




D V P Levine - Director


UPPER BERKELEY STREET LEASEHOLDERS
LIMITED (Registered number: 03382567)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
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

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

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

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:


Land and buildings LeaseholdAmortised Over The Term Of The Lease
Leasehold improvementsAmortised Over The Term Of The Lease
Fixtures, fittings & equipment25% Reducing Balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss .


IMPAIRMENT OF FIXED ASSETS
Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

UPPER BERKELEY STREET LEASEHOLDERS
LIMITED (Registered number: 03382567)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

1. 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.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset , with the net amounts presented in the financial statements. When there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

CLASSIFICATION OF FINANCIAL LIABILITIES
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

BASIC FINANCIAL LIABILITIES
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

EQUITY INSTRUMENTS
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

CASH AND BANK IN HAND
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities

2. EMPLOYEES AND DIRECTORS

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

UPPER BERKELEY STREET LEASEHOLDERS
LIMITED (Registered number: 03382567)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

3. TANGIBLE FIXED ASSETS
Fixtures
Leasehold Leasehold and
Property Improvements fittings Totals
£    £    £    £   
COST
At 1 July 2023
and 30 June 2024 63,152 25,589 15,092 103,833
DEPRECIATION
At 1 July 2023 31,930 4,920 12,081 48,931
Charge for year 929 492 753 2,174
At 30 June 2024 32,859 5,412 12,834 51,105
NET BOOK VALUE
At 30 June 2024 30,293 20,177 2,258 52,728
At 30 June 2023 31,222 20,669 3,011 54,902

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 90,017 7,146

Other debtors include Tenants account balance of £87,922 (£86,352: 2023). In 2023, it was reported under the heading of current asset investments.

5. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Clients bank balances - 86,352

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tenants account balance 87,922 86,352
Taxation and social security 5,643 3,825
Other creditors 54,017 61,842
147,582 152,019

Tenants account balance was reported as clients bank balances in the previous year.