Berkeley Public Relations International Limited
Unaudited Financial Statements
For the year ended 30 June 2024
Pages for Filing with Registrar
Company Registration No. 03211498 (England and Wales)
Berkeley Public Relations International Limited
Contents
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 8
Berkeley Public Relations International Limited
Balance Sheet
As at 30 June 2024
Page 1
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
18,873
34,323
Current assets
Debtors
5
1,165,180
912,500
Cash at bank and in hand
27,880
18,908
1,193,060
931,408
Creditors: amounts falling due within one year
6
(963,816)
(771,872)
Net current assets
229,244
159,536
Total assets less current liabilities
248,117
193,859
Creditors: amounts falling due after more than one year
7
(186,872)
(21,694)
Provisions for liabilities
(4,065)
(6,211)
Net assets
57,180
165,954
Capital and reserves
Called up share capital
8
105
105
Share premium account
9,143
9,143
Profit and loss reserves
47,932
156,706
Total equity
57,180
165,954

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Berkeley Public Relations International Limited
Balance Sheet (Continued)
As at 30 June 2024
Page 2
The financial statements were approved and signed by the director and authorised for issue on 26 June 2025
C Hewitt
Director
Company Registration No. 03211498
Berkeley Public Relations International Limited
Notes to the Financial Statements
For the year ended 30 June 2024
Page 3
1
Accounting policies
Company information

Berkeley Public Relations International Limited is a private company limited by shares incorporated in England and Wales. The registered office is 100 Longwater Avenue, Reading, Berkshire, England, RG2 6GP.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 1A “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102 1A”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

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 £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

These financial statements are prepared on the going concern basis. The directors have a reasonable expectation that the company will continue in operational existence for the foreseeable future. The directors believe that the company will have sufficient funds to settle all of its liabilities as they fall due for at least 12 months from signing the accounts.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for 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.

 

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recoverable.

1.4
Tangible fixed assets

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:

Plant and machinery
Straight line over 4 years

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.

Berkeley Public Relations International Limited
Notes to the Financial Statements (Continued)
For the year ended 30 June 2024
1
Accounting policies
(Continued)
Page 4
1.5
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 current liabilities.

1.6
Financial instruments

The company only has basic financial instruments measured at amortised cost, with no financial instruments classified as other or basic instruments measured at fair value.

1.7
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.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

Berkeley Public Relations International Limited
Notes to the Financial Statements (Continued)
For the year ended 30 June 2024
1
Accounting policies
(Continued)
Page 5
1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.10
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.11
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to income on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease asset are consumed.

1.12
Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

 

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

1.13
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
31
36
Berkeley Public Relations International Limited
Notes to the Financial Statements (Continued)
For the year ended 30 June 2024
Page 6
3
Taxation
2024
2023
£
£
Current tax
UK corporation tax on profits for the current period
43,660
74,461
Deferred tax
Origination and reversal of timing differences
(2,146)
(1,137)
Total tax charge
41,514
73,324
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2023 and 30 June 2024
173,441
Depreciation and impairment
At 1 July 2023
139,118
Depreciation charged in the year
15,450
At 30 June 2024
154,568
Carrying amount
At 30 June 2024
18,873
At 30 June 2023
34,323
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
350,261
380,100
Amounts owed by group undertakings
115,594
122,521
Other debtors
271,397
60,674
Prepayments and accrued income
427,928
349,205
1,165,180
912,500
Berkeley Public Relations International Limited
Notes to the Financial Statements (Continued)
For the year ended 30 June 2024
Page 7
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
146,776
51,849
Trade creditors
277,064
221,238
Amounts owed to group undertakings
99,306
33,387
Corporation tax
171,910
122,658
Other taxation and social security
101,018
91,426
Other creditors
144,869
210,120
Accruals and deferred income
22,873
41,194
963,816
771,872

There is a debenture which has a fixed and floating charge over the undertaking, all property and assets present and future, including; goodwill, uncalled capital, buildings, fixtures and fixed plant & machinery.

 

There is a legal charge over 51 High Street, Theale, Reading, Berkshire in favour of the Royal Bank of Scotland PLC by way of fixed charge, the benefit of all covenants and rights concerning the property and all; plant machinery, fixtures, fittings, furniture, equipment, implements and utensils, the goodwill of any business carried on at the property and the proceeds of any insurance affecting the property or assets. The legal charge is over the company debt and not that of the group.

7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
186,872
21,694
8
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of 1p each
10,500
10,500
105
105
Berkeley Public Relations International Limited
Notes to the Financial Statements (Continued)
For the year ended 30 June 2024
Page 8
9
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2024
2023
£
£
Within one year
234,938
234,938
Between two and five years
822,764
939,750
1,057,702
1,174,688

 

10
Related party transactions

As permitted by FRS 102, the company has taken the exemption under Section 33 Related Party Disclosures paragraph 33.1A from disclosing transactions with other members of a wholly owned group.

During the year, the company made payments of £143,500 (2023: £214,936) to the directors of the company. As at the year end, the company owed £152,012 (2023: £116,703) to the directors and one director owed the company £195,979 (2023: £52,814).

11
Ultimate controlling party

The immediate parent company is Berkeley Communications Group Limited, which owns the entire issued share capital in the company.

 

The ultimate controlling party is C Hewitt, by virtue of his majority shareholding in Berkeley Communications Group Limited.

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