Company No: 02786737 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Investment property	3	240,000		240,000
		240,000		240,000
Current assets
Debtors	4	977		966
Cash at bank and in hand		87,437		84,914
		88,414		85,880
Creditors: amounts falling due within one year	5	( 183,912)		( 184,704)
Net current liabilities		(95,498)		(98,824)
Total assets less current liabilities		144,502		141,176
Provision for liabilities		( 19,037)		( 14,468)
Net assets		125,465		126,708
Capital and reserves
Called-up share capital	6	1,000		1,000
Fair value reserve	8	57,111		61,680
Profit and loss account		67,354		64,028
Total shareholder's funds		125,465		126,708

For the financial year ending 28 February 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Berrymeadows Developments Limited (registered number: 02786737) were approved and authorised for issue by the Board of Directors on 24 November 2025. They were signed on its behalf by:

Mrs J V Hautot Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Berrymeadows Developments Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Centenary House Peninsula Park, Rydon Lane, Exeter, EX2 7XE, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover represents rent receivable from investment property and is recognised in line with the terms of the underlying lease. During the year turnover was also derived from the rental of storage space.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) 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.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	2		2

3. Investment property

	Investment property
	£
Valuation
As at 01 March 2024	240,000
As at 28 February 2025	240,000

Investment property is included at director's estimate of fair value. There has been no valuation of investment property by an independent valuer.

4. Debtors

	2025		2024
	£		£
Other debtors	977		966

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Accruals	1,320		1,320
Corporation tax	780		1,572
Other creditors	181,812		181,812
	183,912		184,704

6. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
1,000 Ordinary shares of £ 1.00 each	1,000		1,000

7. Related party transactions

Transactions with the entity's directors

	2025		2024
	£		£
Director loan account - due to director	181,111		181,111

The above loan is interest free.

8. Reserves

Fair value reserve relates to fair value movement of investment property, net of provision for deferred tax, and is unrealised and non distributable.