Bernards Estate Agents (North End) Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08669068 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2021

for

Bernards Estate Agents (North End) Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

D W Byrne

REGISTERED OFFICE:

c/o Ency Associates

Printware Court

Cumberland Business Centre

Portsmouth

Hampshire

PO5 1DS

REGISTERED NUMBER:

08669068 (England and Wales)

ACCOUNTANTS:

Ency Associates

Chartered Certified Accountants

Printware Court

Cumberland Business Centre

Northumberland Road

Portsmouth

Hampshire

PO5 1DS

FIXED ASSETS

Tangible assets

4

4,208

5,260

CURRENT ASSETS

Debtors

5

46,703

65,508

Cash at bank and in hand

234

910

46,937

66,418

CREDITORS

Amounts falling due within one year

6

5,912

23,492

NET CURRENT ASSETS

41,025

42,926

TOTAL ASSETS LESS CURRENT LIABILITIES

45,233

48,186

CREDITORS

Amounts falling due after more than one year

7

(42,084

)

(45,834

)

PROVISIONS FOR LIABILITIES

(800

)

(999

)

NET ASSETS

2,349

1,353

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

2,149

1,153

SHAREHOLDERS' FUNDS

2,349

1,353

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 11 April 2022 and were signed by:

D W Byrne - Director

1.	STATUTORY INFORMATION

Bernards Estate Agents (North End) Ltd 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.

The accounts have been prepared on a going concern basis. This considered appropriate because the directors control companies included in current creditors and will not call on the debt to the detriment of other creditors.

Turnover

Turnover comprises fees and commissions receivable net of VAT.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures & fittings

-

20% on reducing balance

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - 7 ).

4.	TANGIBLE FIXED ASSETS

Fixtures

& fittings

£

COST

At 1 January 2021

and 31 December 2021

15,736

DEPRECIATION

At 1 January 2021

10,476

Charge for year

1,052

At 31 December 2021

11,528

NET BOOK VALUE

At 31 December 2021

4,208

At 31 December 2020

5,260

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.21

31.12.20

£

£

Other debtors

46,703

65,508

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.21

31.12.20

£

£

Bank loans and overdrafts

5,000

4,167

Trade creditors

-

392

Taxation and social security

433

16,420

Other creditors

479

2,513

5,912

23,492

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.21

31.12.20

£

£

Bank loans

42,084

45,834

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

22,084

5,834

8.	RELATED PARTY DISCLOSURES

Bernards Estates & Lettings Ltd

Associated company

During the year Bernards Estate Agents (North End) Ltd charged Bernards Estates & Lettings Ltd £27,500 in respect of management fees.

Also, during the year Bernards Estates & Lettings Ltd paid various expenses on behalf of Bernards Estate Agents (North End) Ltd.

31.12.21

31.12.20

£

£

Amount due from related party at the balance sheet date

34,096

25,488

9.	ULTIMATE CONTROLLING PARTY

The controlling party is D W Byrne.