Berkeley International Limited - Period Ending 2020-03-31

Berkeley International Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 8

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

Berkeley International Limited

(Registration number: 04698672)
Balance Sheet as at 31 March 2020

	Note	2020 £	2019 £
Fixed assets
Tangible assets	5	4,515	6,630
Current assets
Debtors	6	192,149	211,131
Investments	7	405,888	418,365
Cash at bank and in hand		201,051	214,989
		799,088	844,485
Creditors: Amounts falling due within one year	8	(92,674)	(153,456)
Net current assets		706,414	691,029
Net assets		710,929	697,659
Capital and reserves
Called up share capital	9	2	2
Profit and loss account		710,927	697,657
Total equity		710,929	697,659

For the financial year ending 31 March 2020 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 10 December 2020 and signed on its behalf by:
 

G D Katzler
Company secretary and director

Berkeley International Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2020

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.

Going concern

We have paid particular attention to the likely effects on the business of the current Covid-19 outbreak and the directors remain confident that sufficient funding is in place and that the company has adequate resources to enable the company to continue as a going concern for the foreseeable future.

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

Berkeley International Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2020

2	Accounting policies (continued)

Goodwill

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

Berkeley International Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2020

2	Accounting policies (continued)

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 7 (2019 - 8).

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 April 2019	751,050	751,050
At 31 March 2020	751,050	751,050
Amortisation
At 1 April 2019	751,050	751,050
At 31 March 2020	751,050	751,050
Carrying amount
At 31 March 2020	-	-

Berkeley International Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2020

5	Tangible assets

	Computer equipment  £	Office equipment  £	Total £
Cost or valuation
At 1 April 2019	24,372	17,492	41,864
Additions	1,320	-	1,320
At 31 March 2020	25,692	17,492	43,184
Depreciation
At 1 April 2019	19,951	15,283	35,234
Charge for the year	2,008	1,427	3,435
At 31 March 2020	21,959	16,710	38,669
Carrying amount
At 31 March 2020	3,733	782	4,515
At 31 March 2019	4,421	2,209	6,630

6

Debtors

	2020 £	2019 £
Other debtors	187,130	188,871
Prepayments	5,019	22,260
	192,149	211,131

7	Current asset investments

	2020 £	2019 £
Other investments	405,888	418,365

Berkeley International Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2020

8

Creditors

	2020 £	2019 £
Due within one year
Trade creditors	23,662	16,277
Director's loan account	3,823	8,820
Taxation and social security	49,899	18,229
Accruals	1,890	51,719
Corporation tax	13,400	43,065
Other creditors	-	15,346
	92,674	153,456

9	Share capital

Allotted, called up and fully paid shares

	2020		2019
	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:

	2020 £	2019 £
Not later than one year	10,000	9,167
Later than one year and not later than five years	19,167	-
	29,167	9,167

Berkeley International Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2020

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)	-

Expenditure with and payables to related parties

2020	Key management £
Amounts payable to related party	3,823

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

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