Berkeley International Limited - Period Ending 2019-03-31

Registration number: 04698672

Berkeley International Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2019

Roffe Swayne
Ashcombe Court
Woolsack Way
Godalming
Surrey
GU7 1LQ

Berkeley International Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Financial Statements	3 to 7

Berkeley International Limited

Company Information

Directors

G D Katzler Mrs F K Katzler

Company secretary

G D Katzler

Registered office

Harrow House 23 West Street Haslemere Surrey GU27 2AB

Accountants

Roffe Swayne Ashcombe Court Woolsack Way Godalming Surrey GU7 1LQ

Page 1

Berkeley International Limited

(Registration number: 04698672)
Balance Sheet as at 31 March 2019

	Note	2019 £	2018 £
Fixed assets
Tangible assets	5	6,630	5,227
Current assets
Debtors	6	211,131	239,375
Investments	7	418,365	201,492
Cash at bank and in hand		214,989	240,701
		844,485	681,568
Creditors: Amounts falling due within one year	8	(153,456)	(102,078)
Net current assets		691,029	579,490
Net assets		697,659	584,717
Capital and reserves
Called up share capital	9	2	2
Profit and loss account		697,657	584,715
Total equity		697,659	584,717

For the financial year ending 31 March 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 22 November 2019 and signed on its behalf by:
 

G D Katzler
Company secretary and director

The notes on pages 3 to 7 form an integral part of these financial statements.

Page 2

Berkeley International Limited

Notes to the Financial Statements for the Year Ended 31 March 2019

1	General information

The company is a private company limited by share capital, incorporated in England and Wales. The address of its registered office and principal place of business can be found on the company information page.

2	Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 taxable income.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office equipment	33% on cost
Computer equipment	33% on cost

Goodwill

Goodwill arising from purchase of the business on 26 October 2003, has now been fully written off.

Page 3

Berkeley International Limited

Notes to the Financial Statements for the Year Ended 31 March 2019

Investments held as current assets

Current asset investments represent short term investments and are valued at market value.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 8 (2018 - 8).

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 April 2018	751,050	751,050
At 31 March 2019	751,050	751,050
Amortisation
At 1 April 2018	751,050	751,050
At 31 March 2019	751,050	751,050
Carrying amount
At 31 March 2019	-	-

Page 4

Berkeley International Limited

Notes to the Financial Statements for the Year Ended 31 March 2019

5	Tangible assets

	Computer equipment  £	Office equipment  £	Total £
Cost or valuation
At 1 April 2018	20,307	17,492	37,799
Additions	4,065	-	4,065
At 31 March 2019	24,372	17,492	41,864
Depreciation
At 1 April 2018	18,716	13,856	32,572
Charge for the year	1,235	1,427	2,662
At 31 March 2019	19,951	15,283	35,234
Carrying amount
At 31 March 2019	4,421	2,209	6,630
At 31 March 2018	1,591	3,636	5,227

6

Debtors

	2019 £	2018 £
Other debtors	188,871	232,034
Prepayments	22,260	7,341
	211,131	239,375

7	Current asset investments

	2019 £	2018 £
Other investments	418,365	201,492

Page 5

Berkeley International Limited

Notes to the Financial Statements for the Year Ended 31 March 2019

8

Creditors

	2019 £	2018 £
Due within one year
Trade creditors	16,277	23,429
Director's loan account	8,820	-
Taxation and social security	18,229	39,411
Accruals	51,719	1,738
Corporation tax	43,065	37,500
Other creditors	15,346	-
	153,456	102,078

9	Share capital

Allotted, called up and fully paid shares

	2019		2018
	No.	£	No.	£
Ordinary shares of £1 each	2	2	2	2

10	Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

	2019 £	2018 £
Not later than one year	9,167	10,000
Later than one year and not later than five years	-	9,167
	9,167	19,167

Page 6

Berkeley International Limited

Notes to the Financial Statements for the Year Ended 31 March 2019

11	Related party transactions

Transactions with directors

2019	At 1 April 2018 £	Repayments by director £	At 31 March 2019 £
G D Katzler
	6,180	(6,180)	-

2018	At 1 April 2017 £	Advances to directors £	Repayments by director £	At 31 March 2018 £
G D Katzler
	180	166,000	(160,000)	6,180

Expenditure with and payables to related parties

2019	Key management £
Amounts payable to related party	8,820

2018

The amount due is a loan balance that has no formal terms, is interest free and repayable on demand.

Page 7