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Registered number: 11823195
BERKSHIRE HANWORTH LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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BERKSHIRE HANWORTH LIMITED
REGISTERED NUMBER: 11823195
STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2025
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Debtors: Amounts falling due within one year
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Creditors: Amounts falling due within one year
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Net current assets/(liabilities)
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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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BERKSHIRE HANWORTH LIMITED
REGISTERED NUMBER: 11823195
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2025
The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
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W K D Laxton
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BERKSHIRE HANWORTH LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Berkshire Hanworth Limited is a private company, limited by shares, registered in England and Wales. The Company's registered number is 11823195, office address and principal place of business is 2Babmaes Street, London, England, SW1Y 6HD.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The presentation currency of these financial statements is sterling. All amounts have been rounded to the nearest £1.
The following principal accounting policies have been applied:
The financial statements for the Company have been prepared on a going concern basis. The Company recorded a loss before tax for the year of £5,359 and had net assets of £158,788 at the date of the Statement of Financial Position.
The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for at least the next twelve months following approval of these financial statements. The Company therefore continues to adopt the going concern basis in preparing its financial statements.
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured.
Revenue comprises of income recognised by the Company in respect of rent charged during the year, exclusive of Value Added Tax and trade discounts. Rental income is recognised on a straight line basis over the term of the lease. Amounts invoiced in advance are deferred accordingly and recognised in the period to which they relate.
Interest income is recognised in profit or loss using the effective interest method.
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
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BERKSHIRE HANWORTH LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
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Current and deferred taxation
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The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
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 income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
Investment properties are carried at fair value determined annually by the directors supported by
valuations made by external valuers and derived from the current market rents and investment
property yields for comparable real estate, adjusted if necessary for any difference in the nature,
location or condition of the specific asset.
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first outbasis. Work in progress and finished goods include labour and attributable overheads.
At each reporting date, stocks are assessed for impairment. If stock is 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.
Short-term debtors are measured at transaction price, less any impairment.
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.
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BERKSHIRE HANWORTH LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
Short-term creditors are measured at the transaction price.
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Provisions for liabilities
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Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
Increases in provisions are generally charged as an expense to profit or loss.
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The Company has no employees other than the directors, who did not receive any remuneration (2024: £Nil).
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Freehold investment property
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The 2025 valuation was made internally by the Directors. The valuation is based on the purchase price of the land which is not deemed to have changed since the purchase date as there has been no development to the land since it was purchased and planning permission has not yet been obtained.
The land was transferred from investment property to stock during the year following a change in management's intended use of the asset. The directors intend to develop the land for future sale. No physical development had commenced and planning permission had not been obtained at the date of transfer. Accordingly, the directors considered that the fair value of the land had not changed materially from its original purchase price.
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BERKSHIRE HANWORTH LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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Land held for development and sale
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Creditors: Amounts falling due within one year
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Creditors: Amounts falling due after more than one year
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BERKSHIRE HANWORTH LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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Analysis of the maturity of loans is given below:
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Amounts falling due within one year
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Amounts falling due 2-5 years
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Bank loans incur interest at a rate of 9.25% p.a. The loan is secured by both a fixed charge over the Company's freehold land and a floating charge. The loan is due for repayment on 31 December 2027.
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BERKSHIRE HANWORTH LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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Allotted, called up and fully paid
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43,650 (2024: 44,000) Ordinary A shares of £0.001 each
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43,650 (2024: 44,000) Ordinary B shares of £0.001 each
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43,650 (2024:- 44,000) Ordinary C shares of £0.001 each
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87,090 (2024: 87,000) Ordinary D shares of £0.001 each
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130,640 (2024: 131,000) Ordinary E shares of £0.001 each
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65,320 (2024: 65,000) Ordinary F shares of £0.001 each
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65,320 (2024: 65,000) Ordinary G shares of £0.001 each
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65,320 (2024: 65,000) Ordinary H shares of £0.001 each
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65,320 (2024: 65,000) Ordinary I shares of £0.001 each
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130,640 (2024: 131,000) Ordinary J shares of £0.001 each
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130,640 (2024: 131,000) Ordinary K shares of £0.001 each
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The company has 871,240 ordinary shares of £0.001 each, of which £741 has been paid. The remaining £131 represents called up share capital not paid.
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Related party transactions
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Shareholder loans of £720,465 (2024: £720,467) carry no rate of interest. The shareholder loans are subject to an investment agreement that states that repayment will be made at the discretion of the directors. However, as the investment agreement can be cancelled at the discretion of the shareholders at any time, the loan is ultimately considered to be repayable on demand and is therefore presented as a current liability at its principal value in accordance with the requirements of FRS 102.11.13.
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The directors do not consider there to be an ultimate controlling party.
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