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COMPANY REGISTRATION NUMBER: 10696360
Berry Homes UK Limited
Filleted Unaudited Financial Statements
For the period ended
31 March 2024
Berry Homes UK Limited
Financial Statements
Period from 1 September 2023 to 31 March 2024
Contents
Page
Officers and professional advisers
1
Statement of financial position
2
Notes to the financial statements
4
Berry Homes UK Limited
Officers and Professional Advisers
DIRECTOR
S D Berry
REGISTERED OFFICE
22 Green Lane
Derby
England
DE1 1RS
ACCOUNTANTS
Streets
Chartered Accountants
ECEN
Michael Way
Warth Park
Northamptonshire
NN9 6GR
BANKERS
Lloyds Bank PLC
Ariel House
2138 Coventry Road
Sheldon
Birmingham
B26 3JW
Berry Homes UK Limited
Statement of Financial Position
31 March 2024
31 Mar 24
31 Aug 23
Note
£
£
Fixed assets
Tangible assets
6
2,050,578
1,576,482
Current assets
Debtors
7
324,652
323,205
Cash at bank and in hand
83,482
268,718
---------
---------
408,134
591,923
Creditors: amounts falling due within one year
8
572,000
549,244
---------
---------
Net current (liabilities)/assets
( 163,866)
42,679
------------
------------
Total assets less current liabilities
1,886,712
1,619,161
Creditors: amounts falling due after more than one year
Bank loans and overdrafts
1,406,131
1,132,619
Provisions
Deferred taxation
138,719
139,048
------------
------------
Net assets
341,862
347,494
------------
------------
Capital and reserves
Called up share capital
100
100
Revaluation reserve
549,710
549,710
Profit and loss account
( 207,948)
( 202,316)
---------
---------
Shareholder funds
341,862
347,494
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the period ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Berry Homes UK Limited
Statement of Financial Position (continued)
31 March 2024
These financial statements were approved by the board of directors and authorised for issue on 20 August 2025 , and are signed on behalf of the board by:
S D Berry
Director
Company registration number: 10696360
Berry Homes UK Limited
Notes to the Financial Statements
Period from 1 September 2023 to 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 22 Green Lane, Derby, DE1 1RS, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered in respect of property sales. Revenue from the sale of property is recognised when the significant risks and rewards of ownership have transferred to the buyer, this is normally under a signed agreement completed by both the seller and purchaser. Turnover derived from rental income is included on an accruals basis.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Investment property Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
15% reducing balance
Motor vehicles
-
25% reducing balance
Office equipment
-
20% straight line
4. Employee numbers
The average number of persons employed by the company during the period amounted to 1 (2023: 1 ).
5. Tax on loss
Major components of tax (income)/expense
Period from
1 Sep 23 to
Year to
31 Mar 24
31 Aug 23
£
£
Deferred tax:
Origination and reversal of timing differences
( 1,878)
126,364
-------
---------
Tax on loss
( 1,878)
126,364
-------
---------
6. Tangible assets
Investment property
Plant and machinery
Motor vehicles
Office equipment
Total
£
£
£
£
£
Cost
At 1 September 2023
1,570,000
8,496
8,196
2,202
1,588,894
Additions
475,411
475,411
------------
-------
-------
-------
------------
At 31 March 2024
2,045,411
8,496
8,196
2,202
2,064,305
------------
-------
-------
-------
------------
Depreciation
At 1 September 2023
5,398
4,812
2,202
12,412
Charge for the period
469
846
1,315
------------
-------
-------
-------
------------
At 31 March 2024
5,867
5,658
2,202
13,727
------------
-------
-------
-------
------------
Carrying amount
At 31 March 2024
2,045,411
2,629
2,538
2,050,578
------------
-------
-------
-------
------------
At 31 August 2023
1,570,000
3,098
3,384
1,576,482
------------
-------
-------
-------
------------
7. Debtors
31 Mar 24
31 Aug 23
£
£
Other debtors
324,652
323,205
---------
---------
8. Creditors: amounts falling due within one year
31 Mar 24
31 Aug 23
£
£
Trade creditors
14,997
Other creditors
557,003
549,244
---------
---------
572,000
549,244
---------
---------
9. Deferred tax
The deferred tax included in the statement of financial position is as follows:
31 Mar 24
31 Aug 23
£
£
Included in debtors (note 7)
44,652
43,103
Included in provisions
( 138,719)
( 139,048)
---------
---------
( 94,067)
( 95,945)
---------
---------
The deferred tax account consists of the tax effect of timing differences in respect of:
31 Mar 24
31 Aug 23
£
£
Accelerated capital allowances
1,292
1,621
Revaluation of tangible assets
137,427
137,427
Unused tax losses
( 44,652)
( 43,103)
---------
---------
94,067
95,945
---------
---------