Bill Brandt Archive Limited 03229662 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is The principal activity of the company is that of the promotion and licensing of the copyrights of the photographic work of Bill Brandt. Digita Accounts Production Advanced 6.30.9574.0 true true 03229662 2023-01-01 2023-12-31 03229662 2023-12-31 03229662 core:CurrentFinancialInstruments 2023-12-31 03229662 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 03229662 bus:SmallEntities 2023-01-01 2023-12-31 03229662 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 03229662 bus:FilletedAccounts 2023-01-01 2023-12-31 03229662 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 03229662 bus:RegisteredOffice 2023-01-01 2023-12-31 03229662 bus:CompanySecretary1 2023-01-01 2023-12-31 03229662 bus:Director2 2023-01-01 2023-12-31 03229662 bus:Director3 2023-01-01 2023-12-31 03229662 bus:Director4 2023-01-01 2023-12-31 03229662 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 03229662 core:IntangibleAssetsOtherThanGoodwill 2023-01-01 2023-12-31 03229662 countries:EnglandWales 2023-01-01 2023-12-31 03229662 2022-01-01 2022-12-31 03229662 2022-12-31 03229662 core:CurrentFinancialInstruments 2022-12-31 03229662 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 iso4217:GBP xbrli:pure

Registration number: 03229662

Bill Brandt Archive Limited

Unaudited Financial Statements

for the Year Ended 31 December 2023

Brebners
Chartered Accountants
130 Shaftesbury Avenue
London
W1D 5AR

 

Bill Brandt Archive Limited

Contents

Company Information

1

Statement of Financial Position

2

Notes to the Unaudited Financial Statements

3 to 5

 

Bill Brandt Archive Limited

Company Information

Directors

J-P D Kernot

G Sarson

C Luard

Company secretary

J-P D Kernot

Registered office

4 Airlie Gardens
London
W8 7AJ

Accountants

Brebners
Chartered Accountants
130 Shaftesbury Avenue
London
W1D 5AR

 

Bill Brandt Archive Limited

Statement of Financial Position as at 31 December 2023

Note

2023
£

2022
£

Current assets

 

Stocks

4

62,662

63,407

Debtors

5

3,127

15,216

Cash at bank and in hand

 

7,982

2,228

 

73,771

80,851

Creditors: Amounts falling due within one year

6

(9,350)

(11,821)

Net assets

 

64,421

69,030

Capital and reserves

 

Called up share capital

1,000

1,000

Retained earnings

63,421

68,030

Shareholders' funds

 

64,421

69,030

For the financial 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.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Statement of Income and Retained Earnings has been taken.

Approved and authorised by the Board on 16 September 2024 and signed on its behalf by:
 

.........................................

J-P D Kernot

Director

Company registration number: 03229662

 

Bill Brandt Archive Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
4 Airlie Gardens
London
W8 7AJ

The principal activity of the company is that of the promotion and licensing of the copyrights of the photographic work of Bill Brandt.

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention and are presented in sterling, which is the functional currency of the entity.

Going concern

The company made a loss for the year ended 31 December 2023 but had net assets amounting to £64,421 at that date. The directors have considered the potential effect of the current economic climate. The nature of the company's business is straightforward with few fixed overheads and the directors are able to exercise control over the company's expenditure when required.

After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors continue to adopt the going concern basis in preparing the financial statements. If the going concern basis were not appropriate, no additional liabilities would arise and no write down on the carrying value of assets would be required.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of licensed copyright images in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

Revenue from catalogue sales is recognised when the item is despatched. Revenue from licensing is recognised when the licence is granted.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Bill Brandt Archive Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Intangible assets

Intangible assets are stated in the statement of financial position at cost, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Electronic Archive Storage

5 year straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

3

Staff numbers

The average number of persons employed by the company during the year, was 0 (2022 - 0).

 

Bill Brandt Archive Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

4

Stocks

2023
£

2022
£

Stock for resale

62,662

63,407

5

Debtors

2023
£

2022
£

Trade debtors

463

848

Other debtors

2,664

14,368

3,127

15,216

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Trade creditors

228

2,215

Taxation and social security

-

7,127

Other creditors

9,122

2,479

9,350

11,821

7

Related party transactions

At 31 December 2023 an amount of £Nil (2022: £14,369) was due to the company from a director. During the year advances of £7,900 and repayments of £22,269 were made. Interest of £225 (2022: £45) has been charged on overdrawn balances at rates of 2% and 2.25% per annum. There are no set terms in place.