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Registered number: 07893767
Bracebeam Limited
Financial Statements
For The Year Ended 31 December 2023
Westminster Accountancy Limited
9 Chapel Place
Rivington Street
London
England
EC2A 3DQ
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 07893767
2023 2022
Notes
CURRENT ASSETS
Debtors 4 517,663 499,663
Cash at bank and in hand 127,225 140,713
644,888 640,376
Creditors: Amounts Falling Due Within One Year 5 (991 ) (981 )
NET CURRENT ASSETS (LIABILITIES) 643,897 639,395
TOTAL ASSETS LESS CURRENT LIABILITIES 643,897 639,395
Creditors: Amounts Falling Due After More Than One Year 6 (1,613,076 ) (1,615,561 )
NET LIABILITIES (969,179 ) (976,166 )
CAPITAL AND RESERVES
Called up share capital 7 2 2
Profit and Loss Account (969,181 ) (976,168 )
SHAREHOLDERS' FUNDS (969,179) (976,166)
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Iosif Vrachimis
Director
07/08/2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Bracebeam Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07893767 . The registered office is 2nd Floor 9 Chapel Place, London, EC2A 3DQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
4. Debtors
2023 2022
Due within one year
Prepayments and accrued income 1,451 1,451
Other debtors 28,541 28,541
29,992 29,992
Due after more than one year
Other debtors (1) 90,000 90,000
Other debtors (2) 18,000 13,500
Other debtors (3) 90,000 90,000
Other debtors (4) 18,000 13,500
Other debtors (5) 90,000 60,171
Other debtors (6) 18,000 13,500
Other debtors (7) 90,000 90,000
Other debtors (8) 13,500 9,000
Other debtors (9) - 90,000
Directors loan account 60,171 -
487,671 469,671
517,663 499,663
5. Creditors: Amounts Falling Due Within One Year
2023 2022
Trade creditors 1 1
Accruals and deferred income 990 980
991 981
6. Creditors: Amounts Falling Due After More Than One Year
2023 2022
Amounts owed to associates 1,613,076 1,615,561
Page 2
Page 3
7. Share Capital
2023 2022
Allotted, Called up and fully paid 2 2
Page 3