Registered number
05265297
Bryum Capital Ltd
Filleted Accounts
31 December 2023
Bryum Capital Ltd
Registered number: 05265297
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 307 409
Investments 4 3,925,082 3,925,082
3,925,389 3,925,491
Current assets
Debtors 5 2,379,354 2,136,492
Investments held as current assets 6 8,287,485 6,306,459
Cash at bank and in hand 1,973 1,389
10,668,812 8,444,340
Creditors: amounts falling due within one year 7 (1,034,138) (1,101,894)
Net current assets 9,634,674 7,342,446
Total assets less current liabilities 13,560,063 11,267,937
Creditors: amounts falling due after more than one year 8 (614,004) -
Net assets 12,946,059 11,267,937
Capital and reserves
Called up share capital 1,000,000 1,000,000
Profit and loss account 11,946,059 10,267,937
Shareholder's funds 12,946,059 11,267,937
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J A Bonfield
Director
Approved by the board on 16 September 2024
Bryum Capital Ltd
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover, which is attributable to the company's principal activity of securities dealing, represents the proceeds, net of value added taxes and similar duties, from the sales contracted in the year of securities held for trading. It also includes the increase in the fair value at the year end of securities held for trading at that time; decreases in the fair value are included in cost of sales. Dividends and interest received on the securities, together with net foreign exchange differences on trading as well as securities related fees are also included.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 4 years
Investments
Investments in subsidiaries, associates and joint ventures are included in fixed assets and measured at cost less any accumulated impairment losses. Investment in securities expected to be held for more than one year rather than held for sale are included in fixed assets. Investments relating to the company's principal activity of secutities trading are included in current assets. Investments other than in subsidiaries, associates and joint ventures, which are listed investments are measured at fair value whilst unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in turnover in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2023 2,272
At 31 December 2023 2,272
Depreciation
At 1 January 2023 1,863
Charge for the year 102
At 31 December 2023 1,965
Net book value
At 31 December 2023 307
At 31 December 2022 409
4 Investments
Investments in
associated Other
undertakings investments Total
£ £ £
Cost
At 1 January 2023 3,057,495 867,587 3,925,082
At 31 December 2023 3,057,495 867,587 3,925,082
Historical cost
At 1 January 2023 3,213,088 867,587
At 31 December 2023 3,213,088 867,587
5 Debtors 2023 2022
£ £
Trade debtors 58,722 76,844
Amounts owed by group undertakings and undertakings in which the company has a participating interest 2,232,742 1,724,054
Other debtors 87,890 335,594
2,379,354 2,136,492
Amounts due after more than one year included above 2,111,904 1,129,159
6 Investments held as current assets 2023 2022
£ £
Fair value
Listed investments 5,697,016 3,855,807
Unlisted investments 2,590,469 2,450,652
8,287,485 6,306,459
Increase/(decrease) in fair value included in the profit and loss account for the financial year
Listed investments 1,800,900 (999,107)
Unlisted investments 132,526 (372,404)
1,933,426 (1,371,511)
7 Creditors: amounts falling due within one year 2023 2022
£ £
Amounts owed to group undertakings and undertakings in which the company has a participating interest 33,852 33,731
Other creditors 1,000,286 1,068,163
1,034,138 1,101,894
8 Creditors: amounts falling due after one year 2023 2022
£ £
Loans 614,004 -
9 Other information
Bryum Capital Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Hartland House
6 Bathgate Road
London
SW19 5PN
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