Berrylake Properties Limited Company accounts

Berrylake Properties Limited Company accounts

BERRYLAKE PROPERTIES LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 04604946
Berrylake Properties Limited
Unaudited Financial Statements
31 July 2021
Berrylake Properties Limited
Financial Statements
Year ended 31 July 2021
Contents
Page
Officers and professional advisers
1
Directors' report
2
Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements
3
Statement of financial position
4
Notes to the financial statements
5
Berrylake Properties Limited
Officers and Professional Advisers
The board of directors
Mr O Murphy
Mr S W Buxton
Registered office
8 Gleneagles Court
Brighton Road
Crawley
West Sussex
RH10 6AD
Accountants
Complete Finances
Chartered accountants
11 Abergavenny Gardens
Copthorne
West Sussex
RH10 3RU
Berrylake Properties Limited
Directors' Report
Year ended 31 July 2021
The directors present their report and the unaudited financial statements of the company for the year ended 31 July 2021 .
The company has been dormant as defined in section 1169 of the Companies Act 2006 throughout the year and preceding financial year. It is anticipated that the company will remain dormant for the foreseeable future.
Directors
The directors who served the company during the year were as follows:
Mr S W Buxton
Mr O Murphy
(Appointed 9 April 2021)
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 11 January 2022 and signed on behalf of the board by:
Mr S W Buxton
Director
Registered office:
8 Gleneagles Court
Brighton Road
Crawley
West Sussex
RH10 6AD
Berrylake Properties Limited
Chartered Accountant's Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Berrylake Properties Limited
Year ended 31 July 2021
As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 31 July 2021, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
Complete Finances Chartered accountants
11 Abergavenny Gardens Copthorne West Sussex RH10 3RU
11 January 2022
Berrylake Properties Limited
Statement of Financial Position
31 July 2021
2021
2020
Note
£
£
Current assets
Debtors
4
2
2
----
----
Net current assets
2
2
----
----
Total assets less current liabilities
2
2
----
----
Capital and reserves
Called up share capital
2
2
----
----
Shareholders funds
2
2
----
----
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
The company did not trade during the current year or prior year and has not made either a profit or loss.
For the year ending 31 July 2021 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 11 January 2022 , and are signed on behalf of the board by:
Mr S W Buxton
Director
Company registration number: 04604946
Berrylake Properties Limited
Notes to the Financial Statements
Year ended 31 July 2021
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 8 Gleneagles Court, Brighton Road, Crawley, West Sussex, RH10 6AD.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. Its financial statements are consolidated into the financial statements of W&R Buxton Holdings Limited which can be obtained from Companies House. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) Disclosures in respect of each class of share capital have not been presented. (b) No cash flow statement has been presented for the company. (c) Disclosures in respect of financial instruments have not been presented. (d) Disclosures in respect of share-based payments have not been presented. (e) No disclosure has been given for the aggregate remuneration of key management personnel.
Income statement
The company is dormant as defined by section 1169 of the Companies Act 2006. The company received no income and incurred no expenditure during the current year or prior year and therefore no income statement is presented within these financial statements. There have been no movements in shareholders funds during the current year or prior year.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
4. Debtors
2021
2020
£
£
Other debtors
2
2
----
----
5. Related party transactions
The company is a wholly owned subsidiary of W & R Buxton Holdings Limited and has taken advantage of the exemption available in accordance with FRS102 not to disclose transactions with W & R Buxton Holdings Limited or other wholly owned subsidiaries within the group.
6. Controlling party
The company is a subsidiary of W & R Buxton Holdings Limited which is the ultimate parent company incorporated in England and Wales. The largest and smallest group in which the results of the company are consolidated is that headed by W & R Buxton Holdings Limited, incorporated in England and Wales. The consolidated accounts of this company are available to the public and may be obtained from Companies House. No other group accounts include the results of the company. In the opinion of the directors there is no ultimate controlling party.