Berchem Limited

	Page
Accountant's Report	1
Balance Sheet	2—3
Notes to the Financial Statements	4—6

Chartered Accountant's report to the director on the preparation of the unaudited statutory accounts of Berchem Limited for the period 1 January 2024 to 30 June 2025

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Berchem Limited for the period 1 January 2024 to 30 June 2025 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.

As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Berchem Limited , as a body, in accordance with the terms of our engagement letter dated 16 June 2025. Our work has been undertaken solely to prepare for your approval the accounts of Berchem Limited and state those matters that we have agreed to state to the director of Berchem Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Berchem Limited and its director, as a body, for our work or for this report.

It is your duty to ensure that Berchem Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Berchem Limited . You consider that Berchem Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit of the accounts of Berchem Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

Signed

ERC Accoutants and Business Advisers Ltd

5 November 2025

ERC Accountants & Business Advisers Limited

Chartered Accountants

Hanover Buildings, 11-13 Hanover Street

Liverpool

Merseyside

L1 3DN

Page 1

Page 2

Berchem Limited

Balance Sheet

As At 30 June 2025

Balance Sheet

Registered number: 14551569

		30 June 2025		31 December 2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		3,928		-

			3,928		-
CURRENT ASSETS
Stocks	5	-		16,088
Debtors	6	886		8,002
Cash at bank and in hand		30,659		352

		31,545		24,442
Creditors: Amounts Falling Due Within One Year	7	(26,815 )		(38,793 )

NET CURRENT ASSETS (LIABILITIES)			4,730		(14,351 )

TOTAL ASSETS LESS CURRENT LIABILITIES			8,658		(14,351 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(982 )		-

NET ASSETS/(LIABILITIES)			7,676		(14,351 )

CAPITAL AND RESERVES
Called up share capital	8		2		2
Profit and Loss Account			7,674		(14,353 )

SHAREHOLDERS' FUNDS			7,676		(14,351)

Page 2

Page 3

Berchem Limited

Balance Sheet (continued)

As At 30 June 2025

For the period ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr A J Hill

Director

5 November 2025

The notes on pages 4 to 6 form part of these financial statements.

Page 3

Page 4

Berchem Limited

Notes to the Financial Statements

For the Period 1 January 2024 to 30 June 2025

Notes to the Financial Statements

1. General Information

Berchem Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14551569 . The registered office is 87a Lymington Bottom Road, Medstead, Alton, Hampshire, GU34 5EP.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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.

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'.

Accounting period

These financial statements cover the 18 month period from 1 January 2024 to 30 June 2025. The comparative figures presented are for the 12 month period ended 31 December 2023. Therefore, the current period’s amounts are not entirely comparable with those shown for the prior year.

2.2. Going Concern Disclosure

The director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Tangible Fixed Assets and Depreciation

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant and machinery	25% reducing balance
Computer equipment	33% straight line

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. 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.

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.

3. Average Number of Employees

Average number of employees, including directors, during the period was: 2 (2023: 1)

Page 4

Page 5

Berchem Limited

Notes to the Financial Statements (continued)

For the Period 1 January 2024 to 30 June 2025

4. Tangible Assets

	Plant and machinery	Computer equipment	Total
	£	£	£
Cost
As at 1 January 2024	-	-	-
Additions	333	5,490	5,823

As at 30 June 2025	333	5,490	5,823

Depreciation
As at 1 January 2024	-	-	-
Provided during the period	83	1,812	1,895

As at 30 June 2025	83	1,812	1,895

Net Book Value
As at 30 June 2025	250	3,678	3,928

As at 1 January 2024	-	-	-

5. Stocks

	30 June 2025	31 December 2023
	£	£
Work in progress	-	16,088

6. Debtors

	30 June 2025	31 December 2023
	£	£
Due within one year
Other debtors	886	8,002

7. Creditors: Amounts Falling Due Within One Year

	30 June 2025	31 December 2023
	£	£
Other creditors	9,787	38,793
Taxation and social security	17,028	-

	26,815	38,793

8. Share Capital

	30 June 2025	31 December 2023
	£	£
Called Up Share Capital not Paid	2	2

Amount of Allotted, Called Up Share Capital	2	2

Page 5

Page 6

Berchem Limited

Notes to the Financial Statements (continued)

For the Period 1 January 2024 to 30 June 2025

9. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	30 June 2025	31 December 2023
	£	£
Not later than one year	7,643	7,643
Later than one year and not later than five years	5,095	22,292

	12,738	29,935

10. Related Party Transactions

The following related party transactions were undertaken during the year:

The director introduced amounts totalling £88,560, withdrew amounts totalling £185,818 and received dividends totalling £62,600. (2023: introduced amounts totalling £34,722). At the balance sheet date the amount payable to the director was £64 (2023: £34,722).

Dividends were paid to the directors in respect of their shareholdings totalling £62,600 (2023: £Nil)

No further transactions with related parties were undertaken such as are required to be disclosed in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

Page 6