| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 30 September 2024 |
| for |
| FRED BERMAN PROPERTIES LIMITED |
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 30 September 2024 |
| for |
| FRED BERMAN PROPERTIES LIMITED |
| FRED BERMAN PROPERTIES LIMITED (REGISTERED NUMBER: SC183183) |
| Contents of the Financial Statements |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 4 |
| FRED BERMAN PROPERTIES LIMITED |
| Company Information |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 6th Floor |
| Gordon Chambers |
| 90 Mitchell Street |
| Glasgow |
| Lanarkshire |
| G1 3NQ |
| BANKERS: |
| 10 Gordon Street |
| Glasgow |
| G1 3PL |
| FRED BERMAN PROPERTIES LIMITED (REGISTERED NUMBER: SC183183) |
| Statement of Financial Position |
| 30 SEPTEMBER 2024 |
| 2024 | 2023 |
| Notes | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investment property | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Capital redemption reserve |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| FRED BERMAN PROPERTIES LIMITED (REGISTERED NUMBER: SC183183) |
| Statement of Financial Position - continued |
| 30 SEPTEMBER 2024 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| FRED BERMAN PROPERTIES LIMITED (REGISTERED NUMBER: SC183183) |
| Notes to the Financial Statements |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| 1. | STATUTORY INFORMATION |
| Fred Berman Properties Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents the amounts derived from rent receivable excluding value added tax. Turnover is recognised on the accruals basis. |
| Tangible fixed assets |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Computer equipment | - |
| Investment properties |
| 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. |
| Where fair value cannot be achieved without undue cost or effort, investment property is accounted for as tangible fixed assets |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| FRED BERMAN PROPERTIES LIMITED (REGISTERED NUMBER: SC183183) |
| Notes to the Financial Statements - continued |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Plant and | and | Computer |
| machinery | fittings | equipment | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 October 2023 |
| and 30 September 2024 |
| DEPRECIATION |
| At 1 October 2023 |
| Charge for year |
| At 30 September 2024 |
| NET BOOK VALUE |
| At 30 September 2024 |
| At 30 September 2023 |
| 5. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 October 2023 |
| Additions |
| At 30 September 2024 |
| NET BOOK VALUE |
| At 30 September 2024 |
| At 30 September 2023 |
| Investment property comprises of commercial properties let to 3rd parties. The fair value of the commercial properties has been arrived at by the Director on an open market value basis by reference to market evidence of transaction prices for similar properties. |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Trade debtors |
| Other debtors |
| FRED BERMAN PROPERTIES LIMITED (REGISTERED NUMBER: SC183183) |
| Notes to the Financial Statements - continued |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Bank loans |
| 9. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2024 | 2023 |
| £ | £ |
| Bank loans |
| The bank loans and overdraft facilities are secured by standard securities over the company's freehold investment properties and by a bond and floating charge over the assets of the company. |
| 10. | RELATED PARTY DISCLOSURES |
| At 30 September 2024, the company was owed £5,882,481 (2023: £5,733,481) by a company under common directorship. |
| 11. | POST BALANCE SHEET EVENTS |
| After the year-end, the company refinanced its existing loans, extending the repayment terms. As this occurred after the reporting date and does not relate to conditions at that time, no adjustment has been made to the financial statements. |