| Berman Wells Limited |
| Notes to the Accounts |
| for the year ended 31 December 2025 |
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| 1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
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Turnover |
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Turnover represents rent receivable from letting properties. |
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Investments |
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Investments in residential properties and joint ventures are measured at cost plus any increase in value when valued from time to time. Where the current value is more than that shown in the balance sheet a note provided giving a guide as to the Directors' estimate of current value. |
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Taxation |
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A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
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| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
3 |
|
3 |
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| 3 |
Investments |
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| Other |
| investments |
| £ |
|
Fair value |
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At 1 January 2025 |
760,000 |
|
|
At 31 December 2025 |
760,000 |
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The figure shown above is the cost plus revaluations made in 2013 and 2017. In the opinion of the Directors the market value of the investment properties is in the region of £800,000. This was not a professional valuation and the increase in value is not reflected in the accounts. |
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| 4 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
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Other debtors |
880 |
|
- |
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| 5 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
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Taxation and social security costs |
3,164 |
|
4,572 |
|
Other creditors |
1,719 |
|
3,965 |
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|
|
4,883 |
|
8,537 |
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Included in other creditors above is a loan of £1,718 (2024 - £3,965) from, |
|
G B Berman, a company director. |
|
| 6 |
Revaluation reserve |
2025 |
|
2024 |
| £ |
£ |
|
|
At 1 January 2025 |
104,019 |
|
104,019 |
|
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At 31 December 2025 |
104,019 |
|
104,019 |
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| 7 |
Other information |
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Berman Wells Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Berman Wells Limited |
|
23 Frarydene |
|
Southborne |
|
West Sussex |
|
PO10 8HU |