Silverfin false false 30/11/2024 01/12/2023 30/11/2024 D M M Elson 22/11/2016 E J Elson 22/11/2016 07 May 2025 The principal activity of the company during the financial year was that of environmental consulting and farming activities. 10491159 2024-11-30 10491159 bus:Director1 2024-11-30 10491159 bus:Director2 2024-11-30 10491159 2023-11-30 10491159 core:CurrentFinancialInstruments 2024-11-30 10491159 core:CurrentFinancialInstruments 2023-11-30 10491159 core:ShareCapital 2024-11-30 10491159 core:ShareCapital 2023-11-30 10491159 core:RetainedEarningsAccumulatedLosses 2024-11-30 10491159 core:RetainedEarningsAccumulatedLosses 2023-11-30 10491159 core:LandBuildings 2023-11-30 10491159 core:PlantMachinery 2023-11-30 10491159 core:Vehicles 2023-11-30 10491159 core:OfficeEquipment 2023-11-30 10491159 core:ComputerEquipment 2023-11-30 10491159 core:LandBuildings 2024-11-30 10491159 core:PlantMachinery 2024-11-30 10491159 core:Vehicles 2024-11-30 10491159 core:OfficeEquipment 2024-11-30 10491159 core:ComputerEquipment 2024-11-30 10491159 2022-11-30 10491159 bus:OrdinaryShareClass1 2024-11-30 10491159 2023-12-01 2024-11-30 10491159 bus:FilletedAccounts 2023-12-01 2024-11-30 10491159 bus:SmallEntities 2023-12-01 2024-11-30 10491159 bus:AuditExemptWithAccountantsReport 2023-12-01 2024-11-30 10491159 bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 10491159 bus:Director1 2023-12-01 2024-11-30 10491159 bus:Director2 2023-12-01 2024-11-30 10491159 core:LandBuildings core:TopRangeValue 2023-12-01 2024-11-30 10491159 core:PlantMachinery 2023-12-01 2024-11-30 10491159 core:Vehicles 2023-12-01 2024-11-30 10491159 core:OfficeEquipment 2023-12-01 2024-11-30 10491159 core:ComputerEquipment 2023-12-01 2024-11-30 10491159 2022-12-01 2023-11-30 10491159 core:LandBuildings 2023-12-01 2024-11-30 10491159 bus:OrdinaryShareClass1 2023-12-01 2024-11-30 10491159 bus:OrdinaryShareClass1 2022-12-01 2023-11-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 10491159 (England and Wales)

VERWILL BERDIKARI LIMITED

Unaudited Financial Statements
For the financial year ended 30 November 2024
Pages for filing with the registrar

VERWILL BERDIKARI LIMITED

Unaudited Financial Statements

For the financial year ended 30 November 2024

Contents

VERWILL BERDIKARI LIMITED

STATEMENT OF FINANCIAL POSITION

As at 30 November 2024
VERWILL BERDIKARI LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 November 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 84,058 89,049
84,058 89,049
Current assets
Stocks 9,945 9,390
Debtors 4 45,414 19,303
Cash at bank and in hand 131,609 149,472
186,968 178,165
Creditors: amounts falling due within one year 5 ( 219,457) ( 231,125)
Net current liabilities (32,489) (52,960)
Total assets less current liabilities 51,569 36,089
Provision for liabilities 6 ( 5,801) ( 6,289)
Net assets 45,768 29,800
Capital and reserves
Called-up share capital 7 100 100
Profit and loss account 45,668 29,700
Total shareholders' funds 45,768 29,800

For the financial year ending 30 November 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Verwill Berdikari Limited (registered number: 10491159) were approved and authorised for issue by the Board of Directors on 07 May 2025. They were signed on its behalf by:

D M M Elson
Director
VERWILL BERDIKARI LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2024
VERWILL BERDIKARI LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Verwill Berdikari Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Verwill Farm, Combe Martin, Ilfracombe, EX34 0PE, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Statement of Financial Position date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Statement of Financial Position.

Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line/reducing balance] basis over its expected useful life, as follows:

[Input type of fixed asset and rate of depreciation]

Land and buildings 50 years straight line
Plant and machinery 15 % reducing balance
Vehicles 25 % reducing balance
Office equipment 15 % reducing balance
Computer equipment 15 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

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 creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Statement of Financial Position date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Land and buildings Plant and machinery Vehicles Office equipment Computer equipment Total
£ £ £ £ £ £
Cost
At 01 December 2023 44,491 63,687 25,255 2,024 5,954 141,411
Additions 0 5,491 0 0 499 5,990
Disposals 0 ( 2,215) 0 0 0 ( 2,215)
At 30 November 2024 44,491 66,963 25,255 2,024 6,453 145,186
Accumulated depreciation
At 01 December 2023 3,953 38,153 7,467 897 1,892 52,362
Charge for the financial year 890 3,834 4,447 169 626 9,966
Disposals 0 ( 1,200) 0 0 0 ( 1,200)
At 30 November 2024 4,843 40,787 11,914 1,066 2,518 61,128
Net book value
At 30 November 2024 39,648 26,176 13,341 958 3,935 84,058
At 30 November 2023 40,538 25,534 17,788 1,127 4,062 89,049

4. Debtors

2024 2023
£ £
Trade debtors 41,939 16,850
Prepayments 2,411 2,453
VAT recoverable 1,064 0
45,414 19,303

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 1,303 564
Amounts owed to directors 183,053 199,501
Accruals 19,669 20,822
Corporation tax 8,953 6,708
Other taxation and social security 0 182
Other creditors 6,479 3,348
219,457 231,125

6. Deferred tax

2024 2023
£ £
At the beginning of financial year ( 6,289) ( 8,218)
Credited to the Statement of Income and Retained Earnings 488 1,929
At the end of financial year ( 5,801) ( 6,289)

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

8. Related party transactions

At the year-end, the directors were owed £183,053 (2023: £199,501) by the company. There is interest charged on the loan at 5%, and there is no fixed date of repayment.