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REGISTERED NUMBER: 13771639 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Breakaway Agency Europe Ltd

Breakaway Agency Europe Ltd (Registered number: 13771639)

Contents of the Financial Statements
for the Year Ended 30 November 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Breakaway Agency Europe Ltd

Company Information
for the Year Ended 30 November 2023







DIRECTOR: M G Staples





REGISTERED OFFICE: Questover
Eastbourne Road
Seaford
East Sussex
BN25 4BB





REGISTERED NUMBER: 13771639 (England and Wales)





ACCOUNTANTS: EWP Limited
20 Anchor Terrace
3-13 Southwark Bridge Road
London
SE1 9HQ

Breakaway Agency Europe Ltd (Registered number: 13771639)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 376 564
Investments 5 90 190
466 754

CURRENT ASSETS
Debtors 6 132,423 98,832
Cash at bank 14,281 7,964
146,704 106,796
CREDITORS
Amounts falling due within one year 7 50,576 100,577
NET CURRENT ASSETS 96,128 6,219
TOTAL ASSETS LESS CURRENT
LIABILITIES

96,594

6,973

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 96,394 6,773
96,594 6,973

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Breakaway Agency Europe Ltd (Registered number: 13771639)

Balance Sheet - continued
30 November 2023


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 25 July 2024 and were signed by:





M G Staples - Director


Breakaway Agency Europe Ltd (Registered number: 13771639)

Notes to the Financial Statements
for the Year Ended 30 November 2023


1. STATUTORY INFORMATION

Breakaway Agency Europe 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - Straight line over 4 years

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 2 ) .

Breakaway Agency Europe Ltd (Registered number: 13771639)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022
and 30 November 2023 752
DEPRECIATION
At 1 December 2022 188
Charge for year 188
At 30 November 2023 376
NET BOOK VALUE
At 30 November 2023 376
At 30 November 2022 564

5. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
At 1 December 2022 190
Disposals (100 )
At 30 November 2023 90
NET BOOK VALUE
At 30 November 2023 90
At 30 November 2022 190

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 25,828 44,470
Amounts owed by group undertakings 28,484 -
Other debtors 78,111 54,362
132,423 98,832

Breakaway Agency Europe Ltd (Registered number: 13771639)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade creditors 17,355 -
Amounts owed to group undertakings - 67,016
Other creditors 33,221 33,561
50,576 100,577