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REGISTERED NUMBER: 07561162 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Brooks Braithwaite Holdings Limited

Brooks Braithwaite Holdings Limited (Registered number: 07561162)

Contents of the Financial Statements
for the Year Ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Brooks Braithwaite Holdings Limited

Company Information
for the Year Ended 31 December 2023







Director: M Brooks





Registered office: 5 Grange Court
The Limes
Ingatestone
Essex
CM4 0BE





Registered number: 07561162 (England and Wales)





Accountants: Benjamin Taylor Diner Limited
120 New Cavendish Street,
London
W1W 6XX

Brooks Braithwaite Holdings Limited (Registered number: 07561162)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £   
Fixed assets
Intangible assets 5 1 1
Investments 6 1,000 1,000
1,001 1,001

Creditors
Amounts falling due within one year 7 (66,120 ) (115,635 )
Net current liabilities (66,120 ) (115,635 )
Total assets less current liabilities (65,119 ) (114,634 )

Capital and reserves
Called up share capital 8 1,000 1,000
Retained earnings 9 (66,119 ) (115,634 )
Shareholders' funds (65,119 ) (114,634 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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 24 July 2024 and were signed by:





M Brooks - Director


Brooks Braithwaite Holdings Limited (Registered number: 07561162)

Notes to the Financial Statements
for the Year Ended 31 December 2023


1. Statutory information

The Company is a private company limited by shares, incorporated in England and Wales. Its registered office is 5, Grange Court, The Limes, Ingatestone, Essex, CM4 0BE.

The company's principal business activity is that of a holding company.

2. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.

Intangible assets acquired as part of a business combination are recorded at the fair value at the acquisition date.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Going concern
After making enquiries the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements.

Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

4. Employees and directors

The average number of employees during the year was 1 (2022 - 1 ) .

Brooks Braithwaite Holdings Limited (Registered number: 07561162)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


5. Intangible fixed assets
Other
intangible
assets
£   
Cost
At 1 January 2023
and 31 December 2023 1
Net book value
At 31 December 2023 1
At 31 December 2022 1

6. Fixed asset investments
Shares in
group
undertakings
£   
Cost
At 1 January 2023
and 31 December 2023 1,000
Net book value
At 31 December 2023 1,000
At 31 December 2022 1,000

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Brooks Braithwaite & Co. Limited
Registered office: 5, Grange Court, The Limes, Ingatestone, Essex, CM4 0BE
Nature of business: Insurance brokers
%
Class of shares: holding
Ordinary £1 shares 100.00
31.12.23 31.12.22
£    £   
Aggregate capital and reserves 209,263 208,527
Profit for the year 50,736 25,652

7. Creditors: amounts falling due within one year
31.12.23 31.12.22
£    £   
Amounts owed to group undertakings 64,800 114,200
Other creditors 1,320 1,435
66,120 115,635

Amounts owed to group undertakings are unsecured, repayable on demand and interest free.

Brooks Braithwaite Holdings Limited (Registered number: 07561162)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
1,000 Ordinary £1 shares 1 1,000 1,000

Called-up share capital represents the nominal value of shares that have been issued.

9. Reserves
Retained
earnings
£   

At 1 January 2023 (115,634 )
Profit for the year 49,515
At 31 December 2023 (66,119 )

The retained earnings reserve records retained earnings and accumulated losses.

10. Related party disclosures

During the year the company had the following loan with it's subsidiary company:

Brooks, Braithwaite & Co. Limited

31.12.2331.12.22
££

Balance brought forward114,200143,000
Monies advanced to the company by Brooks Braithwaite & Co. Limited6001,200
Monies repaid to Brooks, Braithwaite & Co. Limited(50,000)(30,000)
Balance carried forward64,800114,200

The above loan is unsecured, repayable on demand and interest free.

During the year the company received a dividend of £50,000 (2022: £30,000) from Brooks, Braithwaite & Co. Limited.

11. Ultimate controlling party

The company is controlled by the director Mr M Brooks who own 70% of the issued share capital of the company.