BERGER CREST INVESTMENTS LTD

Company Registration Number:
10504503 (England and Wales)

Unaudited abridged accounts for the year ended 29 September 2024

Period of accounts

Start date: 30 September 2023

End date: 29 September 2024

BERGER CREST INVESTMENTS LTD

Contents of the Financial Statements

for the Period Ended 29 September 2024

Balance sheet
Notes

BERGER CREST INVESTMENTS LTD

Balance sheet

As at 29 September 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 1,848 2,464
Investments: 4 1,985,000 1,960,000
Total fixed assets: 1,986,848 1,962,464
Current assets
Debtors: 5 3,382,009 3,174,834
Cash at bank and in hand: 35,057 7,565
Total current assets: 3,417,066 3,182,399
Creditors: amounts falling due within one year: 6 (3,780,930) (3,746,790)
Net current assets (liabilities): (363,864) (564,391)
Total assets less current liabilities: 1,622,984 1,398,073
Creditors: amounts falling due after more than one year: 7 (1,481,674) (1,250,207)
Total net assets (liabilities): 141,310 147,866
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 141,308 147,864
Shareholders funds: 141,310 147,866

The notes form part of these financial statements

BERGER CREST INVESTMENTS LTD

Balance sheet statements

For the year ending 29 September 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 27 June 2025
and signed on behalf of the board by:

Name: Joel Berger
Status: Director

The notes form part of these financial statements

BERGER CREST INVESTMENTS LTD

Notes to the Financial Statements

for the Period Ended 29 September 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration of received or receivable, excluding discounts, rebates, value added tax and other sales.

Tangible fixed assets and depreciation policy

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is measured so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Fixtures and fittings: 25% reducing balance method 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 and loss.

Other accounting policies

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. Changes in fair value are recognised in profit and loss. Impairment of fixed assets At each reporting period end date, the company reviews the carrying amount of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs. Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted. If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease. Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase. Cash and cash equivalents Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. Financial instruments A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financial transaction where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost unless they are classified as receivable within one year in which case they are measured at the undiscounted amount of the cash or other consideration expected to be received net of impairment. Financial liabilities that are classified as payable within one year are subsequently measured at the undiscounted amount of the cash or other consideration expected to be paid. Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset or settle the liability simultaneously. Taxation Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. Current or deferred taxation assets and liabilities are not discounted. Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Deferred tax Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. 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.

BERGER CREST INVESTMENTS LTD

Notes to the Financial Statements

for the Period Ended 29 September 2024

2. Employees

2024 2023
Average number of employees during the period 0 0

BERGER CREST INVESTMENTS LTD

Notes to the Financial Statements

for the Period Ended 29 September 2024

3. Tangible Assets

Total
Cost £
At 30 September 2023 13,350
Additions 0
At 29 September 2024 13,350
Depreciation
At 30 September 2023 10,886
Charge for year 616
At 29 September 2024 11,502
Net book value
At 29 September 2024 1,848
At 29 September 2023 2,464

BERGER CREST INVESTMENTS LTD

Notes to the Financial Statements

for the Period Ended 29 September 2024

4. Fixed investments

The company's investment property is residential, the fair value of which has been arrived at on the basis of a valuation carried out at 29th September 2024 by the Company's director who is considered to have the experience and expertise required to undertake such an exercise. The valuation was made on an open market value basis.

BERGER CREST INVESTMENTS LTD

Notes to the Financial Statements

for the Period Ended 29 September 2024

5. Debtors

Debtors includes £3,204,486 (2023: £2,932,785) owed by connected undertakings which are interest free and repayable on demand.These are companies of which the directors and their families are directors and/or shareholders.

BERGER CREST INVESTMENTS LTD

Notes to the Financial Statements

for the Period Ended 29 September 2024

6. Creditors: amounts falling due within one year note

Creditors includes £3,761,483 (2023: £3,722,983) owed to connected undertakings which are interest free and repayable on demand. These are companies of which the directors and their families are directors and/or shareholders.

BERGER CREST INVESTMENTS LTD

Notes to the Financial Statements

for the Period Ended 29 September 2024

7. Creditors: amounts falling due after more than one year note

Bank loans and overdrafts represent mortgage advances secured by way of first legal charges over the company's investment property coupled with a floating charge over the remaining assets and undertakings of the company.