REGISTERED NUMBER: 10949674 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Bernwode Research Limited

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

A D Field

REGISTERED OFFICE:

14, The Oaks

Clews Road

Redditch

Worcestershire

B98 7ST

REGISTERED NUMBER:

10949674 (England and Wales)

ACCOUNTANTS:

Davies Archytas Accountants Ltd

14 The Oaks

Clews Road

Redditch

Worcestershire

B98 7ST

FIXED ASSETS

Tangible assets

4

393

-

Investment property

5

110,000

110,000

110,393

110,000

CURRENT ASSETS

Debtors

1,675

1,675

Cash at bank

911

1,359

2,586

3,034

CREDITORS

Amounts falling due within one year

120,722

104,263

NET CURRENT LIABILITIES

(118,136

)

(101,229

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(7,743

)

8,771

CREDITORS

Amounts falling due after more than one year

6

(26,250

)

(31,250

)

PROVISIONS FOR LIABILITIES

(8,104

)

-

NET LIABILITIES

(42,097

)

(22,479

)

CAPITAL AND RESERVES

Called up share capital

9

100

100

Fair value reserve

10

24,311

-

Retained earnings

(66,508

)

(22,579

)

SHAREHOLDERS' FUNDS

(42,097

)

(22,479

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 18 June 2025 and were signed by:

A D Field - Director

1.	STATUTORY INFORMATION

Bernwode Research Limited 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

25% on cost

Investment property

Investment property is shown at the most recent valuation and the revaluation of investment property has been considered for the year ended 31 March 2025.

Current market conditions indicate that the total property held has a fair value of £110,000.

Any revaluation adjustments in the year have been reflected in the profit and loss account and fair value reserve accordingly.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

769

Additions

524

At 31 March 2025

1,293

DEPRECIATION

At 1 April 2024

769

Charge for year

131

At 31 March 2025

900

NET BOOK VALUE

At 31 March 2025

393

At 31 March 2024

-

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

110,000

NET BOOK VALUE

At 31 March 2025

110,000

At 31 March 2024

110,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2023

32,414

Cost

77,586

110,000

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

31.3.25

31.3.24

£

£

Repayable by instalments

Bank loans more than 5 years

by instalments

6,250

11,250

6,250

11,250

7.

LOANS

An analysis of the maturity of loans is given below:

31.3.25

31.3.24

£

£

Amounts falling due within one year or on demand:

Bank loans

5,000

5,000

Amounts falling due between one and two years:

Bank loans - 1-2 years

5,000

5,000

Amounts falling due between two and five years:

Bank loans - 2-5 years

15,000

15,000

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more than 5 years

by instalments

6,250

11,250

6,250

11,250

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank loans

31,250

36,250

The bank loans are secured upon the property held within investment property.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

100

Ordinary

£1

100

100

10.

RESERVES

Fair

value

reserve

£

Transfer to fair value reserve

24,311

At 31 March 2025

24,311

11.	ULTIMATE CONTROLLING PARTY

The controlling party is the director by virtue of their 100% holding of the issued share capital.