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REGISTERED NUMBER: 02394435 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

BRAVEDYNE LIMITED

BRAVEDYNE LIMITED (REGISTERED NUMBER: 02394435)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


BRAVEDYNE LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTORS: J Giltrap
M J Giltrap





REGISTERED OFFICE: 10 London Mews
London
W2 1HY





REGISTERED NUMBER: 02394435 (England and Wales)





ACCOUNTANTS: Stein Richards
Chartered Accountants
10 London Mews
Paddington
LONDON
W2 1HY

BRAVEDYNE LIMITED (REGISTERED NUMBER: 02394435)

STATEMENT OF FINANCIAL POSITION
31 December 2023

31.12.23 31.12.22
Notes £    £   
CURRENT ASSETS
Debtors 4 3,435,038 3,334,106
Cash at bank 131,683 138,517
3,566,721 3,472,623
CREDITORS
Amounts falling due within one year 5 181,526 180,823
NET CURRENT ASSETS 3,385,195 3,291,800
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,385,195

3,291,800

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 3,385,095 3,291,700
SHAREHOLDERS' FUNDS 3,385,195 3,291,800

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 directors acknowledge their 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 Board of Directors and authorised for issue on 23 August 2024 and were signed on its behalf by:





M J Giltrap - Director


BRAVEDYNE LIMITED (REGISTERED NUMBER: 02394435)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Bravedyne Limited 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 attributable predominantly to management fees in the United Kingdom, net of value added tax.

Turnover represents management services provided to clients and is recognised once the service has been completed.

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors.

The basic financial debtors and liabilities as listed above are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future payments / receipts discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment. An impairment review is undertaken annually at the balance sheet date.

Taxation
Taxation for the year comprises current 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 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 statement of financial position date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 4 ) .

4. DEBTORS
31.12.23 31.12.22
£    £   
Amounts falling due within one year:
Other debtors 909 -

Amounts falling due after more than one year:
Other debtors 3,434,129 3,334,106

Aggregate amounts 3,435,038 3,334,106

BRAVEDYNE LIMITED (REGISTERED NUMBER: 02394435)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Taxation and social security - 11,634
Other creditors 181,526 169,189
181,526 180,823

6. TRANSACTIONS WITH DIRECTORS

As at 31 December 2023, the company owes a director £176,519 (2022: £165,637).

7. RELATED PARTY DISCLOSURES

Included in other debtors is a balance of £3,434,129 (2022: £3,334,106) owed by a company in which a director has a controlling interest.