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Registration number: 07834021

Brand Conspiracy Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 November 2022

 

Brand Conspiracy Limited

Contents
for the Year Ended 30 November 2022

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Brand Conspiracy Limited

Company Information
for the Year Ended 30 November 2022

Director

Mr A U Onyeagbako

Company secretary

Windsor Accountancy Limited

Registered office

St Stephens House
Arthur Road
Windsor
Berkshire
SL4 1RU

Registered number

07834021 ( England and Wales )

Accountants

Windsor Accountancy Ltd
Chartered Certified Accountants
St. Stephens House
Arthur Road
Windsor
Berkshire
SL4 1RU

 

Brand Conspiracy Limited

(Registration number: 07834021)
Balance Sheet as at 30 November 2022

Note

2022
£

2021
£

Fixed assets

 

Tangible assets

4

-

771

Investment property

5

198,170

195,392

Other financial assets

6

162,587

89,973

 

360,757

286,136

Current assets

 

Debtors

7

27,765

34,682

Cash at bank and in hand

 

214,138

63,707

 

241,903

98,389

Creditors: Amounts falling due within one year

8

(52,705)

(21,476)

Net current assets

 

189,198

76,913

Net assets

 

549,955

363,049

Capital and reserves

 

Called up share capital

100

100

Retained earnings

549,855

362,949

Shareholders' funds

 

549,955

363,049

For the financial year ending 30 November 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 28 November 2023
 

 

Brand Conspiracy Limited

(Registration number: 07834021)
Balance Sheet as at 30 November 2022

.........................................
Mr A U Onyeagbako
Director

 

Brand Conspiracy Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2022

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
St Stephens House
Arthur Road
Windsor
Berkshire
SL4 1RU

These financial statements were authorised for issue by the director on 28 November 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

 

Brand Conspiracy Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2022

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 balance sheet 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% straight line

Funiture and fitting

33% straight line

Investment property

Investment property is carried at historic value.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Brand Conspiracy Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2022

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 the director) during the year, was 1 (2021 - 1).

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 December 2021

8,578

8,578

At 30 November 2022

8,578

8,578

Depreciation

At 1 December 2021

7,807

7,807

Charge for the year

771

771

At 30 November 2022

8,578

8,578

Carrying amount

At 30 November 2022

-

-

At 30 November 2021

771

771

5

Investment properties

2022
£

At 1 December

195,392

Additions

2,778

At 30 November

198,170

There has been no valuation of investment property by an independent valuer.

 

Brand Conspiracy Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2022

6

Other financial assets (current and non-current)

Financial assets at fair value through profit and loss
£

Total
£

Non-current financial assets

Cost or valuation

At 1 December 2021

89,973

89,973

Additions

72,614

72,614

At 30 November 2022

162,587

162,587

Impairment

Carrying amount

At 30 November 2022

162,587

162,587

7

Debtors

Current

2022
£

2021
£

Trade debtors

24,265

31,989

Other debtors

3,500

2,693

 

27,765

34,682

8

Creditors

Creditors: amounts falling due within one year

2022
£

2021
£

Due within one year

Taxation and social security

44,735

16,770

Other creditors

7,970

4,706

52,705

21,476

 

Brand Conspiracy Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2022

9

Related party transactions

Transactions with the director

2022

At 1 December 2021
£

Advances to director
£

Repayments by director
£

At 30 November 2022
£

Advances and credits

(4,707)

-

(3,264)

(7,971)

         
       

 

2021

At 1 December 2020
£

Advances to director
£

Repayments by director
£

At 30 November 2021
£

Advances and credits

(10,035)

17,000

(11,672)

(4,707)

         
       

 

Other transactions with the director

The balance due to the director at the year end date was free of interest and deemed repayable on demand.