REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 December 2023 |
for |
Brooks Braithwaite Holdings Limited |
REGISTERED NUMBER: |
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: |
Registered office: |
Registered number: |
Accountants: |
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 |
Investments | 6 |
Creditors |
Amounts falling due within one year | 7 | ( |
) | ( |
) |
Net current liabilities | ( |
) | ( |
) |
Total assets less current liabilities | ( |
) | ( |
) |
Capital and reserves |
Called up share capital | 8 |
Retained earnings | 9 | ( |
) | ( |
) |
Shareholders' funds | ( |
) | ( |
) |
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. |
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 |
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 |
3. | Accounting policies |
Basis of preparing the financial statements |
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 |
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 |
Net book value |
At 31 December 2023 |
At 31 December 2022 |
6. | Fixed asset investments |
Shares in |
group |
undertakings |
£ |
Cost |
At 1 January 2023 |
and 31 December 2023 |
Net book value |
At 31 December 2023 |
At 31 December 2022 |
The company's investments at the Balance Sheet date in the share capital of companies include the following: |
Registered office: 5, Grange Court, The Limes, Ingatestone, Essex, CM4 0BE |
Nature of business: |
% |
Class of shares: | holding |
31.12.23 | 31.12.22 |
£ | £ |
Aggregate capital and reserves |
Profit for the year |
7. | Creditors: amounts falling due within one year |
31.12.23 | 31.12.22 |
£ | £ |
Amounts owed to group undertakings |
Other creditors |
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: | £ | £ |
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 | ( |
) |
Profit for the year |
At 31 December 2023 | ( |
) |
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 |
31.12.23 | 31.12.22 |
£ | £ |
Balance brought forward | 114,200 | 143,000 |
Monies advanced to the company by Brooks Braithwaite & Co. Limited | 600 | 1,200 |
Monies repaid to Brooks, Braithwaite & Co. Limited | (50,000 | ) | (30,000 | ) |
Balance carried forward | 64,800 | 114,200 |
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. |