Registration number:
East Berks Developments Limited
for the Year Ended 31 March 2026
East Berks Developments Limited
(Registration number: 15503900)
Statement of Financial Position as at 31 March 2026
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Note |
2026 |
(As restated) |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
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Net liabilities |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Shareholders' deficit |
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For the financial year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
Approved and authorised by the
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East Berks Developments Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026
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General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
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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.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The financial statements have been prepared on a going concern basis, due to the continuing suppoort of the directors and companies under their control.
East Berks Developments Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026
Prior period adjustments
In the year under review, it has been established that expenditure previously regarded as tangible fixed assets in the period ended 31 March 2025 should have been included as trading stock. This expenditure has been reclassified in the accounts to 31 March 2026.
Furthermore, cost of sales expenditure incurred in the period ended 31 March 2025 was not carried forward as closing work-in-progress. As a result of the reclassification of expenditure stated above, adjustments to cost of sales have been made in the prior period.
Loans to the company were incorrectly classified between short term and long term creditors in the prior period.
Finally, share capital was incorrectly stated in the period ended 31 March 2025.
Relating to the current period disclosed in these financial statements | Relating to the prior period disclosed in these financial statements | Relating to periods before the prior period disclosed in these financial statements | |
Profit and loss reserve brought forward | 29,123 | - | - |
Freehold land and buildings | - | (413,106) | - |
Stock and work-in-progress | - | 442,229 | - |
Cost of sales | - | (29,123) | - |
Share capital | - | 50 | - |
Other debtors | - | (50) | - |
Creditors: Amounts falling due within one year | - | (313,110) | - |
Creditors: Amounts falling due after more than one year | - | 313,110 | - |
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.
Trade debtors
Short term debtors are measured at transaction price, less any impairment.
Cash and cash equivalents
Cash is represented by cash in hand and bank deposits.
East Berks Developments Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026
Trade creditors
Short term creditors are measured at the transaction price.
East Berks Developments Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Provisions
Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
Employee benefits
Short-term employee benefits are recognised as an expense in the period which they are incurred.
Financial instruments
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Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
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Stocks |
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2026 |
(As restated) |
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Work in progress |
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Debtors |
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2026 |
(As restated) |
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Other debtors |
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Prepayments |
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East Berks Developments Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026
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Creditors |
Creditors: amounts falling due within one year
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Note |
2026 |
(As restated) |
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Bank loans and overdrafts |
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Trade creditors |
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Taxation and social security |
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Accruals and deferred income |
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Creditors: amounts falling due after more than one year
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Note |
2026 |
(As restated) |
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Loans and borrowings |
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Loans and borrowings |
Non-current loans and borrowings
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2026 |
(As restated) |
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Other borrowings |
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Current loans and borrowings
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2026 |
(As restated) |
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Other borrowings |
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Related party transactions |
Loans from related parties
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2026 |
Associates |
Total |
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At start of period |
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Repaid |
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At end of period |
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East Berks Developments Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026
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2025 |
Associates |
Total |
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At start of period |
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Repaid |
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At end of period |
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Terms of loans from related parties