| Berkeley Stays Limited |
| Registered number: |
11163609 |
| Balance Sheet |
| as at 31 January 2026 |
|
| Notes |
|
|
2026 |
|
|
2025 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
940,000 |
|
|
940,000 |
|
| Current assets |
| Debtors |
4 |
|
- |
|
|
415 |
| Cash at bank and in hand |
|
|
36,542 |
|
|
64,307 |
|
|
|
36,542 |
|
|
64,722 |
|
| Creditors: amounts falling due within one year |
5 |
|
(637,526) |
|
|
(728,673) |
|
| Net current liabilities |
|
|
|
(600,984) |
|
|
(663,951) |
|
| Total assets less current liabilities |
|
|
|
339,016 |
|
|
276,049 |
|
|
| Provisions for liabilities |
|
|
|
(15,165) |
|
|
(10,873) |
|
|
| Net assets |
|
|
|
323,851 |
|
|
265,176 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
9 |
|
|
9 |
| Revaluation reserve |
6 |
|
|
42,060 |
|
|
46,352 |
| Profit and loss account |
|
|
|
281,782 |
|
|
218,815 |
|
| Shareholders' funds |
|
|
|
323,851 |
|
|
265,176 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| J Burnell |
| Director |
| Approved by the board on 4 September 2026 |
|
| Berkeley Stays Limited |
| Notes to the Accounts |
| for the year ended 31 January 2026 |
|
|
| 1 |
Accounting policies |
|
|
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). |
|
|
Turnover |
|
Turnover represents the value of rental income receivable in respect of the company's investment properties. |
|
|
Investment properties |
|
The company's investment properties are initially recorded at cost, which includes the purchase price and any directly attributable expenditure. Investment properties are re-valued regularly to ensure that their carrying value in the accounts does not differ materially from their fair value at the balance sheet date. Changes in the fair value of the investment properties as a result of a revaluation are recognised in the profit and loss account and accumulated in the non-distributable profit and loss account reserve within capital and reserves. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
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. |
|
|
| 2 |
Employees |
2026 |
|
2025 |
| Number |
Number |
|
|
Average number of persons employed by the company |
0 |
|
0 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Land and buildings |
| £ |
|
Cost |
|
At 1 February 2025 |
940,000 |
|
At 31 January 2026 |
940,000 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 31 January 2026 |
- |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 January 2026 |
940,000 |
|
At 31 January 2025 |
940,000 |
|
|
|
|
|
|
|
|
|
|
The company’s investment properties were revalued by the director on 31 January 2026 at a fair value of £940,000 (2025 £940,000). In determining this valuation, the director took into account an independent external professional valuation carried out in October 2025 on an open market value basis, which indicated a valuation range of £900,000 to £950,000. The director considers £940,000 to be a reliable and accurate reflection of the property's fair value at the balance sheet date. |
|
|
Historical Cost Equivalent |
|
If the company's investment properties had not been revalued, they would have been included at their historical cost of £882,775 (2025 £882,775). |
|
|
| 4 |
Debtors |
2026 |
|
2025 |
| £ |
£ |
|
|
Other debtors |
- |
|
415 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2026 |
|
2025 |
| £ |
£ |
|
|
Taxation and social security costs |
17,601 |
|
19,088 |
|
Other creditors |
619,925 |
|
709,585 |
|
|
|
|
|
|
637,526 |
|
728,673 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Revaluation reserve |
2026 |
|
2025 |
| £ |
£ |
|
|
At 1 February 2025 |
46,352 |
|
46,352 |
|
Deferred taxation adjustment due to rate change (19% to 26.5%) |
(4,292) |
|
- |
|
|
At 31 January 2026 |
42,060 |
|
46,352 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Related party transactions |
|
|
Included within creditors: amounts falling due within one year are loans from shareholders totalling £573,750 (2025 - £616,475). The loans are interest free and repayable on demand. |
|
|
Included within creditors: amounts falling due within one year are loans from Berkeley Estates Sales Limited, a company in which Mr J Burnell is also a Director and Shareholder, totalling £0 (2025 - £30,000). The loans are interest free and repayable on demand. |
|
|
Included within creditors: amounts falling due within one year are loans from Berkeley Estates & Management Limited, a company in which Mr J Burnell is also a Director and Shareholder, totalling £2,400 (2025 - £2,400). The loans are interest free and repayable on demand. |
|
|
The company's property lettings are managed by Berkeley Estates & Management Limited, a company in which Mr J Burnell is also a Director and Shareholder. This service is provided without charge. |
|
|
| 8 |
Other information |
|
|
Berkeley Stays Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
70 Park Row |
|
Clifton |
|
Bristol |
|
BS1 5LE |