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Registered number: 09635805

Bernel Limited

ACCOUNTS
FOR THE YEAR ENDED 30/06/2024

Prepared By:
N B Lancaster & Co
Chartered Accountants
6 Brunswick Street
Carlisle
Cumbria
CA1 1PN

Bernel Limited

ACCOUNTS
FOR THE YEAR ENDED 30/06/2024
DIRECTORS
Ms K Berry
J C Nelson
SECRETARY
Ms K Berry
REGISTERED OFFICE
63 Millbrook Road,
Kingstown Industrial Estate,
Carlisle,
Cumbria,
CA3 0EU
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 09635805
BANKERS
Virgin Money Plc
ACCOUNTANTS
N B Lancaster & Co
Chartered Accountants
6 Brunswick Street
Carlisle
Cumbria
CA1 1PN

Bernel Limited

ACCOUNTS
FOR THEYEARENDED30/06/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Bernel Limited

BALANCE SHEET AT 30/06/2024
20242023
Notes££
FIXED ASSETS
Tangible assets29,11911,421
Investment Assets31,330,3331,330,333
1,339,4521,341,754
CURRENT ASSETS
Debtors42,816,0752,816,075
Cash at bank and in hand9,075522
2,825,1502,816,597
CREDITORS: Amounts falling due within one year51,968,2051,954,467
NET CURRENT ASSETS856,945862,130
TOTAL ASSETS LESS CURRENT LIABILITIES2,196,3972,203,884
CREDITORS: Amounts falling due after more than one year62,466,2692,470,049
NET LIABILITIES(269,872)(266,165)
CAPITAL AND RESERVES
Called up share capital9100100
Profit and loss account(269,972)(266,265)
SHAREHOLDERS' FUNDS(269,872)(266,165)
For the year ending 30/06/2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 24/03/2025 and signed on their behalf by
.............................
Ms K Berry
Director

Bernel Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/06/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Fixtures and Fittingsreducing balance 20%
Equipmentreducing balance 25%
1c. Investments
Fixed asset investments are shown at cost less amounts written off.
Provisions are made for permanent fluctuations in value.
2. TANGIBLE FIXED ASSETS
Fixtures
and FittingsEquipmentTotal
£££
Cost
At 01/07/202356,2591,94558,204
At 30/06/202456,2591,94558,204
Depreciation
At 01/07/202345,1981,58546,783
For the year2,212902,302
At 30/06/202447,4101,67549,085
Net Book Amounts
At 30/06/20248,8492709,119
At 30/06/202311,06136011,421

Bernel Limited

3. FINANCIAL ASSETS
Other
InvestmentsTotal
££
Cost
At 01/07/20231,330,3331,330,333
At 30/06/20241,330,3331,330,333
Amortisation
Net Book Amounts
At 30/06/20241,330,3331,330,333
At 30/06/20231,330,3331,330,333
4. DEBTORS 20242023
££
Amounts falling due within one year
Other debtors2,816,0752,816,075
2,816,0752,816,075
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
Directors current account1,960,8831,946,782
Bank loans (unsecured) <1yr5,8826,495
Trade creditors890890
Accruals550300
1,968,2051,954,467
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Bank loans (unsecured) >1yr30,90234,682
Bank loans (secured) >1yr2,435,3672,435,367
2,466,2692,470,049

Bernel Limited

7. SECURED CREDITORS
20242023
££
Amount of bank loans and overdrafts which are secured2,435,3672,435,367
The bank loan is secured by way of fixed and floating charges over the company's property.
8. EMPLOYEES
20242023
No.No.
Average number of employees--
9. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100
10. RELATED PARTY TRANSACTIONS
At the balance sheet date the company owed £1,960,883 (2023 - £1,946,782) to the directors of the company. The loan is unsecured, interest free and repayable on demand.
No remuneration or dividends were paid to the directors during the year (2023 - Nil).
11. GOING CONCERN
At the balance sheet date the company's liabilities exceeded its assets. The company has received assurances from the director that they will continue to give financial support to the company for the twelve months from the date of signing these financial statements.