REGISTERED NUMBER: 13467588 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

BERKSHIRE ABODE LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mrs Z P Malik

REGISTERED OFFICE:

1 Kings Avenue

London

N21 3NA

REGISTERED NUMBER:

13467588 (England and Wales)

ACCOUNTANTS:

AGK Partners

Chartered Accountants

1 Kings Avenue

London

N21 3NA

FIXED ASSETS

Investments

4

435,887

802,023

CURRENT ASSETS

Inventories

401,789

1,146,467

Debtors

5

816,617

82,845

Cash at bank and in hand

98,732

323,639

1,317,138

1,552,951

CREDITORS

Amounts falling due within one year

6

1,113,790

1,049,623

NET CURRENT ASSETS

203,348

503,328

TOTAL ASSETS LESS CURRENT LIABILITIES

639,235

1,305,351

CAPITAL AND RESERVES

Called up share capital

1,300,100

1,300,100

Fair value reserve

7

(853,855

)

-

Retained earnings

192,990

5,251

639,235

1,305,351

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 July 2025 and were signed by:

Mrs Z P Malik - Director

1.	STATUTORY INFORMATION

Berkshire Abode Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Significant judgements and estimates

In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting

estimates are recognised in the period in which the estimate is revised where the revision affects only that period or in the period of the revision and future periods where the revision affects both current and future periods.

There are no significant judgements or estimates involved in the preparation of the financial statements.

Turnover

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

Inventories

Inventories are stated at the lower of cost and net realisable value. Cost includes the purchase price and other directly attributable costs of bringing the inventories to their present location and condition.

Net realisable value represents the estimated selling price less all estimated costs of completion and selling expenses. Where the net realisable value of inventories is lower than their cost, inventories are written down, and the impairment is recognised as an expense in the profit and loss accounts.

The carrying amount of inventory sold is recognised as an expense in the period in which the related revenue is recognised.

Financial instruments

Basic financial assets and liabilities, which include debtors, creditors, cash and bank balances, are initially

measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 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.

Fixed assets investments

Fixed asset investments, which include shares, bonds and alternative investments, are initially recognized at fair value, which is the transaction price, including any directly attributable transaction costs. After initial recognition, these investments are measured at fair value at each reporting date.

Where investments are measured at fair value, impairment is not separately assessed. Any changes in the fair value, whether positive or negative, are recognized directly in the profit and loss account.

On disposal of an investment, the difference between the net disposal proceeds and the carrying amount at the date of disposal is recognized in the profit and loss account.

Investments classified as fixed assets are those intended to be held for the long term. Short-term investments held for trading or liquidity purposes are classified as current assets.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 July 2023

802,023

Additions

2,187,165

Disposals

(1,699,446

)

Revaluations

(853,855

)

At 30 June 2024

435,887

NET BOOK VALUE

At 30 June 2024

435,887

At 30 June 2023

802,023

Cost or valuation at 30 June 2024 is represented by:

Other

investments

£

Valuation in 2024

(853,855

)

Cost

1,289,742

435,887

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

816,617

82,845

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed to connected companies

900,000

900,000

Taxation and social security

69,599

7,724

Other creditors

144,191

141,899

1,113,790

1,049,623

7.

RESERVES

Fair

value

reserve

£

Movement for the year

(853,855

)

At 30 June 2024

(853,855

)

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2024 and 30 June 2023:

2024

2023

£

£

Mrs Z P Malik

Balance outstanding at start of year

4,996

(6,500

)

Amounts advanced

624,027

11,496

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

629,023

4,996

Interest has been charged at the official interest of 2.25% p.a. on overdrawn balance. During the year, interest of £4,712 was charged to the directors.

9.	RELATED PARTY DISCLOSURES