Berry and Knight Limited - Filleted accounts

Registered number

15154205

Berry and Knight Limited

Filleted Accounts

30 September 2024

Berry and Knight Limited
Registered number:		15154205
Balance Sheet
as at 30 September 2024

Notes			2024
£
Fixed assets
Tangible assets	3		1,466,667
			1,466,667

Current assets
Cash at bank and in hand		45,508
		45,508

Creditors: amounts falling due within one year	4	(62,572)

Net current liabilities			(17,064)

Total assets less current liabilities			1,449,603

Creditors: amounts falling due after more than one year	5		(11)


Net assets			1,449,592

Capital and reserves
Called up share capital			100
Revaluation reserve	6		1,599,988
Profit and loss account			(150,496)

Shareholders' funds			1,449,592

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




YANGCHUN CAO
Director
Approved by the board on 20 June 2025

Berry and Knight Limited
Notes to the Accounts
for the year ended 30 September 2024


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Leasehold land and buildings			over the lease term

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.

2	Employees					2024
Number

	Average number of persons employed by the company					0



3	Tangible fixed assets
		Land and buildings		Equipments		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 October 2023	-		-		-		-
	Additions	1,600,000		-		-		1,600,000
	Surplus on revaluation	-		-		-		-
	Disposals	-		-		-		-
	At 30 September 2024	1,600,000		-		-		1,600,000

	Depreciation
	At 1 October 2023	-		-		-		-
	Charge for the year	133,333		-		-		133,333
	Surplus on revaluation	-		-		-		-
	On disposals	-		-		-		-
	At 30 September 2024	133,333		-		-		133,333

	Net book value
	At 30 September 2024	1,466,667		-		-		1,466,667
	At 30 September 2023	-		-		-		-


4	Creditors: amounts falling due within one year					2024
£

	Trade creditors					2,253
	Director's loan account					19
	Other creditors					60,300
						62,572


5	Creditors: amounts falling due after one year					2024
£

	Building Lease					11
						11


6	Revaluation reserve					2024
£

	Credit on lease of building					1,599,988

	At 30 September 2024					1,599,988


7	Related party transactions

	The building is owned by company share holders and was leased to company with no lease premium and 1 pound lease rent a year.


8	Controlling party

	The company is controlled by MIU YUK CHEUNG (50%) and YANGCHUN CAO (50%)