DAVID_BERK_LIMITED - Accounts

DAVID BERK LIMITED - Company Information

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Company Registration No. 00682579 (England and Wales)

DAVID BERK LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 OCTOBER 2015

DAVID BERK LIMITED

CONTENTS

Page

Accountants' report

Abbreviated balance sheet

Notes to the abbreviated accounts

3 - 4

DAVID BERK LIMITED

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF DAVID BERK LIMITED FOR THE PERIOD ENDED 31 OCTOBER 2015

- 1 -

The following reproduces the text of the Accountants' Report prepared in respect of the company's annual unaudited financial statements, from which the unaudited abbreviated financial statements set out on pages 2 to 4 have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of David Berk Limited for the Period ended 31 October 2015 set out on pages 3 to 8 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, we are subject to its ethical and other professional requirements which are detailed at icaew.com/regulations.

This report is made solely to the Board of Directors of David Berk Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of David Berk Limited and state those matters that we have agreed to state to the Board of Directors of David Berk Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than David Berk Limited and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that David Berk 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 David Berk Limited. You consider that David Berk Limited is exempt from the statutory audit requirement for the Period.

We have not been instructed to carry out an audit or a review of the financial statements of David Berk 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.

Gerald Edelman

19 November 2015

Chartered Accountants

73 Cornhill

London

EC3V 3QQ

DAVID BERK LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 OCTOBER 2015

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2015

2014

Notes

Fixed assets

Investments

5,094

Current assets

Debtors

6,652,903

6,795,352

Cash at bank and in hand

176

94,397

6,653,079

6,889,749

Creditors: amounts falling due within one year

(1,500)

(233,783)

Net current assets

6,651,579

6,655,966

Total assets less current liabilities

6,656,673

6,661,060

Capital and reserves

Called up share capital

100

Profit and loss account

6,656,573

6,660,960

Shareholders' funds

6,656,673

6,661,060

For the financial Period ended 31 October 2015 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 financial statements for the Period 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 abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 19 November 2015

H A Berk

J A Berk

Director

Company Registration No. 00682579

DAVID BERK LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 31 OCTOBER 2015

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

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).

1.3

Turnover

Turnover is recognised on despatch of goods supplied on an invoicing basis and is net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Short leasehold premises

Over the life of the lease

Plant and machinery

20% reducing balance basis

Fixtures, fittings & equipment

20% reducing balance basis

1.5

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

1.6

Group accounts

The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.

DAVID BERK LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE PERIOD ENDED 31 OCTOBER 2015

- 4 -

Fixed assets

Tangible assets

Investments

Total

Cost

At 1 December 2014 & at 31 October 2015

278,185

5,094

283,279

Depreciation

At 1 December 2014 & at 31 October 2015

278,185

Net book value

At 31 October 2015

5,094

At 30 November 2014

5,094

Holdings of more than 20%

The company holds more than 20% of the share capital of the following companies:

Company

Country of registration or

Shares held

incorporation

Class

Subsidiary undertakings

Shrewsbury Estates Limited

United Kingdom

Ordinary

100.00

The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:

Capital and reserves

Profit/(loss) for the year

2015

Principal activity

Shrewsbury Estates Limited

Property development & dealer

1,203,202

104,990

Share capital

2015

2014

Allotted, called up and fully paid

2,000 Ordinary shares of 5p each

100