BERM PROPERTIES LIMITED


Director	Mr M J SEGAL


Company Secretary	Mrs L S SEGAL


Registered Address	42 Lytton Road
	Barnet
	EN5 5BY


Registered Number	05612896 (England and Wales)

Statement of Financial Position
30 November 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		1,642		173
Investments	4		34,179		34,179
			35,821		34,352
Current assets
Debtors	5	16,880		17,039
Cash at bank and on hand		10,569		8,221
		27,449		25,260
Creditors amounts falling due within one year	6	(33,542)		(18,620)
Net current assets (liabilities)			(6,093)		6,640
Total assets less current liabilities			29,728		40,992
Creditors amounts falling due after one year	7		(25,000)		(30,556)
Net assets			4,728		10,436
Capital and reserves
Called up share capital			104		104
Profit and loss account			4,624		10,332
Shareholders' funds			4,728		10,436

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 19 August 2026, and are signed on its behalf by:

Mr M J SEGAL
Director
Registered Company No. 05612896

BERM PROPERTIES LIMITED

Notes to the Financial Statements
for the year ended 30 November 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Basis of preparation
	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).

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


		Straight line (years)
	Office Equipment	4

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	2		2

3.	Tangible fixed assets

	Office Equipment	Total
	£	£
Cost or valuation
At 01 December 24	691	691
Additions	1,832	1,832
At 30 November 25	2,523	2,523
Depreciation and impairment
At 01 December 24	518	518
Charge for year	363	363
At 30 November 25	881	881
Net book value
At 30 November 25	1,642	1,642
At 30 November 24	173	173

4.	Fixed asset investments

	Investments in groups¹	Total
	£	£
Cost or valuation
At 01 December 24	34,179	34,179
At 30 November 25	34,179	34,179
Net book value
At 30 November 25	34,179	34,179
At 30 November 24	34,179	34,179

	Notes
	¹Investments in group undertakings and participating interests

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Amounts owed by group undertakings	16,880	17,039
Total	16,880	17,039

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Taxation and social security	15,903	14,620
Accrued liabilities and deferred income	17,639	4,000
Total	33,542	18,620

7.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	25,000	30,556
Total	25,000	30,556

8.	Related party transactions
	At the balance sheet date the company was owed £16,882 (2024: £17,039) by So-Cal Investments Limited, a company related by virtue of the fact that they are under common control.

9.	Controlling party
	The controlling party is Mr M J Segal.