Registration number: 09254531

Berryfields Retail & Property Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 7

Berryfields Retail & Property Limited

Company Information

Directors

Tim Morris Valerie Morris

Registered office

12 Newnhams Close Bromley BR1 2HW

Accountants

Field Sullivan Limited 9 Hare & Billet Road Blackheath SE3 0RB

Berryfields Retail & Property Limited

(Registration number: 09254531)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	2,096	1,097
Current assets
Debtors	6	20,700	20,771
Cash at bank and in hand		192,328	237,357
		213,028	258,128
Creditors: Amounts falling due within one year	9	(77,713)	(97,764)
Net current assets		135,315	160,364
Net assets		137,411	161,461
Capital and reserves
Called up share capital		2	2
Retained earnings		137,409	161,459
Shareholders' funds		137,411	161,461

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 7 December 2025 and signed on its behalf by:
 

......................................... Tim Morris Director

Berryfields Retail & Property Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
12 Newnhams Close
Bromley
BR1 2HW

These financial statements were authorised for issue by the Board on 7 December 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and when the service is performed, if the service straddles more than one accounting period, income is recognise on a pro rata basis.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Berryfields Retail & Property Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Berryfields Retail & Property Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2024 - 2).

4

Taxation

Tax charged/(credited) in the income statement

	2025 £	2024 £
Current taxation
UK corporation tax	(6,220)	14,128

Berryfields Retail & Property Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

5	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 April 2024	13,467	13,467
Additions	2,556	2,556
At 31 March 2025	16,023	16,023
Depreciation
At 1 April 2024	12,370	12,370
Charge for the year	1,557	1,557
At 31 March 2025	13,927	13,927
Carrying amount
At 31 March 2025	2,096	2,096
At 31 March 2024	1,097	1,097

6

Debtors

Current	2025 £	2024 £
Trade debtors	-	5,760
Other debtors	20,700	15,011
	20,700	20,771

7

Dividends

Interim dividends paid

		2025 £		2024 £
Interim dividend of 2.00 per each dividend		1,000		1,738

Berryfields Retail & Property Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

8	Related party transactions

Directors' remuneration

The directors' remuneration for the year was as follows:

	2025 £	2024 £
Remuneration	55,400	92,500
Contributions paid to money purchase schemes	30,000	30,000
	85,400	122,500

Summary of transactions with other related parties

Tim & Valerie Morris
Directors
During the year the directors withdrew £263,777 and paid £250,000 into the company. The directors paid £12,811 of business expenses personally and at the balance sheet date the company owed them £49,811 (2024: £13,227).

9

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Amounts due to related parties	8	49,810	13,227
Social security and other taxes		24,478	29,214
Other payables		1,300	36,595
Accruals		2,125	4,600
Income tax liability		-	14,128
		77,713	97,764