H. Berry Limited - Accounts to registrar (filleted) - small 23.1.2

H. Berry Limited - Accounts to registrar (filleted) - small 23.1.2

H. BERRY LIMITED - Company Information

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REGISTERED NUMBER: 00472785 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2022

for

H. Berry Limited
H. Berry Limited (Registered number: 00472785)






Contents of the Financial Statements
for the year ended 31 December 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

H. Berry Limited

Company Information
for the year ended 31 December 2022







DIRECTORS: J Milstead
C K Doubleday





REGISTERED OFFICE: 27 Mortimer Street
London
W1T 3JF





REGISTERED NUMBER: 00472785 (England and Wales)





ACCOUNTANTS: Libra Wealth Management Limited
Suite 5, 10 Churchill Square
West Malling
Kent
ME19 4YU
Page 1
H. Berry Limited (Registered number: 00472785)

Balance Sheet
31 December 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 9,452,250 9,452,250

CURRENT ASSETS
Debtors 5 144,758 107,378
Cash at bank 247,453 522,799
392,211 630,177
CREDITORS
Amounts falling due within one year 6 247,787 159,132
NET CURRENT ASSETS 144,424 471,045
TOTAL ASSETS LESS CURRENT
LIABILITIES
9,596,674
9,923,295

CREDITORS
Amounts falling due after more than
one year
7
(303,179
)
-

PROVISIONS FOR LIABILITIES (1,427,732 ) (1,427,732 )
NET ASSETS 7,865,763 8,495,563

The notes form part of these financial statements

Page 2
H. Berry Limited (Registered number: 00472785)

Balance Sheet - continued
31 December 2022

2022 2021
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 2,704 2,704
Share premium 291,509 291,509
Other reserves 176 176
Fair value reserve 6,499,885 6,499,885
Retained earnings 1,071,489 1,701,289
SHAREHOLDERS' FUNDS 7,865,763 8,495,563

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 April 2023 and were signed on its behalf by:





J Milstead - Director


The notes form part of these financial statements

Page 3
H. Berry Limited (Registered number: 00472785)

Notes to the Financial Statements
for the year ended 31 December 2022

1. STATUTORY INFORMATION

H. Berry Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Investment property is included at fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Page 4
H. Berry Limited (Registered number: 00472785)

Notes to the Financial Statements - continued
for the year ended 31 December 2022

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2022
and 31 December 2022 9,452,250
NET BOOK VALUE
At 31 December 2022 9,452,250
At 31 December 2021 9,452,250

Fair value at 31 December 2022 is represented by:
£   
Valuation in 2017 7,985,000
Valuation in 2018 3,980,000
Valuation in 2019 (2,377,800 )
Valuation in 2021 (134,950 )
9,452,250

If investment property had not been revalued it would have been included at the following historical cost:

2022 2021
£    £   
Cost 1,583,311 1,583,311

Investment property was valued on an open market basis on 3 August 2021 by Chestertons Global Limited .

Page 5
H. Berry Limited (Registered number: 00472785)

Notes to the Financial Statements - continued
for the year ended 31 December 2022

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 41,593 11,055
Other debtors 103,165 96,323
144,758 107,378

Included in other debtors due within one year is £92,123 (December 2021 - £94,074) relating to a client account held with Martin Hart & Co, Property & Management Consultants.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 120,066 -
Trade creditors 2,071 82,206
Taxation and social security (47 ) (47 )
Other creditors 125,697 76,973
247,787 159,132

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans 303,179 -

8. SECURED DEBTS

The company has a charge created with 'Barclays Security Trustee Ltd' against the property at 37 Foley Street.

9. ULTIMATE CONTROLLING PARTY

The ultimate parent company is Berbright LLC, a company registered in the USA.

The ultimate controlling party at the balance sheet date was the director, J B Milstead by virtue of her 100% ownership of Berbright LLC.

Page 6
Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
H. Berry Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of H. Berry Limited for the year ended 31 December 2022 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of H. Berry Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of H. Berry Limited and state those matters that we have agreed to state to the Board of Directors of H. Berry Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than H. Berry Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that H. Berry Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of H. Berry Limited. You consider that H. Berry Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of H. Berry Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Libra Wealth Management Limited
Suite 5, 10 Churchill Square
West Malling
Kent

This page does not form part of the statutory financial statements

Page 7
Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
H. Berry Limited

ME19 4YU


26 April 2023

This page does not form part of the statutory financial statements

Page 8