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REGISTERED NUMBER: 08762935 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

BIZWAZE HOLDING LTD

BIZWAZE HOLDING LTD (REGISTERED NUMBER: 08762935)






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


BIZWAZE HOLDING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







Director: Mr K A Ferreira Schramm





Secretary: Vistra Cosec Limited





Registered office: Suite 1, 7th Floor
50 Broadway
London
SW1H 0BL





Registered number: 08762935 (England and Wales)





Accountants: Vistra Trust Company Limited
First Floor, Templeback
10 Temple back
Bristol
BS1 6FL

BIZWAZE HOLDING LTD (REGISTERED NUMBER: 08762935)

BALANCE SHEET
31 DECEMBER 2023

31/12/23 31/12/22
Notes €    €   
FIXED ASSETS
Investments 4 - 7,800

CURRENT ASSETS
Debtors 5 57,893 715
Cash at bank and in hand 72,161 1
130,054 716
CREDITORS
Amounts falling due within one year 6 (68,119 ) (31,485 )
NET CURRENT ASSETS/(LIABILITIES) 61,935 (30,769 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

61,935

(22,969

)

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 61,934 (22,970 )
61,935 (22,969 )

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 19 August 2024 and were signed by:





Mr K A Ferreira Schramm - Director


BIZWAZE HOLDING LTD (REGISTERED NUMBER: 08762935)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Bizwaze Holding 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.

The company's functional and presentational currency is Euro and the financial statements have been rounded to the nearest Euro (€).

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.

Investments in subsidiaries
The investments are stated at cost less any provision for diminution in value. Any profits or losses on disposal of investments are taken to the profit and loss account.

Financial instruments
The Company has elected to apply the provisions of Section 11'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues'of FRS 102 to all its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements,when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual agreements entered into.

Basic financial liabilities
Basic financial liabilities,including creditors, and loans from fellow group companies are initially recognised at transaction price.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.Amounts payable are classified as current liabilities if payment is due within one year or less.If not, they are presented as non-current liabilities.Trade creditors are initially recognised at transaction price.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into Euro at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into Euro at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

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

BIZWAZE HOLDING LTD (REGISTERED NUMBER: 08762935)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
€   
Cost
At 1 January 2023 7,800
Disposals (7,800 )
At 31 December 2023 -
Net book value
At 31 December 2023 -
At 31 December 2022 7,800

The investment in Mastermind Gestão e Tecnologia Ltda (the company incorporated in Brasil) has been sold during the year.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
€    €   
Trade debtors 56,791 -
Other debtors 1,102 715
57,893 715

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
€    €   
Trade creditors 42,844 -
Taxation and social security 2,985 -
Other creditors 22,290 31,485
68,119 31,485

7. RELATED PARTY DISCLOSURES

The investment in Mastermind Gestão e Tecnologia Ltda (the company incorporated in Brasil) has been sold to the director during the year.