REGISTERED NUMBER: |
BRAMWELL INVESTMENTS LIMITED |
Financial Statements for the Year Ended 31 December 2023 |
REGISTERED NUMBER: |
BRAMWELL INVESTMENTS LIMITED |
Financial Statements for the Year Ended 31 December 2023 |
BRAMWELL INVESTMENTS LIMITED (REGISTERED NUMBER: 06546741) |
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 | to | 5 |
BRAMWELL INVESTMENTS LIMITED |
Company Information |
for the year ended 31 December 2023 |
Directors: |
Secretary: |
Registered office: |
Registered number: |
Auditors: |
Statutory Auditor |
CUBO Birmingham |
3rd Floor |
Two Chamberlain Square |
Birmingham |
West Midlands |
B3 3AX |
BRAMWELL INVESTMENTS LIMITED (REGISTERED NUMBER: 06546741) |
Balance Sheet |
31 December 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
Fixed assets |
Investments | 4 |
Current assets |
Debtors | 5 |
Net current assets |
Total assets less current liabilities |
Capital and reserves |
Called up share capital | 6 |
Retained earnings | 7 |
Shareholders' funds |
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 |
BRAMWELL INVESTMENTS LIMITED (REGISTERED NUMBER: 06546741) |
Notes to the Financial Statements |
for the year ended 31 December 2023 |
1. | Statutory information |
Bramwell Investments Limited and its subsidiary ("the Company") is a limited company domiciled and incorporated in England and Wales. The registered office is Unit 1 Kepler, Lichfield Road Industrial Estate,Tamworth, Staffs, B79 7XE. |
2. | Accounting policies |
Basis of preparing the financial statements |
These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. |
The financial statements are prepared in sterling , which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £. |
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. |
These accounts present information about the company as an individual undertaking and not about its group. |
The company and its group were purchased by ATA Grinding Processes Limited on 30 November 2022. The comparative period end was extended by 3 months to 31 December 2022 in order to facilitate the reporting requirements of the new group. |
Investments in subsidiaries |
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost andsubsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss. |
A subsidiary is an entity controlled by the company . Control is the power to govern the financial andoperating policies of the entity so as to obtain benefits from its activities. |
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 of 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. |
Basic financial assets |
Basic financial assets, which include debtors, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. |
Classification of financial liabilities |
Financial liabilities and equity instruments are classified according to the substance of the contractualarrangements etered into. An equity instrument is any contract that evidences a residual interest in theassets of the company after deducting all of its liabilities. |
Equity instruments |
Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company. |
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. |
BRAMWELL INVESTMENTS LIMITED (REGISTERED NUMBER: 06546741) |
Notes to the Financial Statements - continued |
for the year ended 31 December 2023 |
2. | Accounting policies - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
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. |
3. | Employees and directors |
The average number of employees during the year was NIL (2022 - NIL). |
4. | Fixed asset investments |
Shares in |
group |
undertakings |
£ |
Cost |
At 1 January 2023 |
and 31 December 2023 |
Net book value |
At 31 December 2023 |
At 31 December 2022 |
The company's investments at the Balance Sheet date in the share capital of companies include the following: |
Registered office: UK |
Nature of business: |
% |
Class of shares: | holding |
2023 | 2022 |
£ | £ |
Aggregate capital and reserves |
Profit for the year/period |
The investment in subsidiary is disclosed at cost less impairment. |
5. | Debtors: amounts falling due within one year |
2023 | 2022 |
£ | £ |
Amounts owed by group undertakings |
6. | Called up share capital |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2023 | 2022 |
value: | £ | £ |
Ordinary | £1 | 10,000 | 10,000 |
BRAMWELL INVESTMENTS LIMITED (REGISTERED NUMBER: 06546741) |
Notes to the Financial Statements - continued |
for the year ended 31 December 2023 |
7. | Reserves |
Retained |
earnings |
£ |
At 1 January 2023 |
Profit for the year |
At 31 December 2023 |
8. | Disclosure under Section 444(5B) of the Companies Act 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
9. | Related party disclosures |
The following amounts were owed by related parties at the reporting end date: |
Entities over which the entity has control, joint control or significant influence £66,246 (2022 £66,246). |
10. | Post balance sheet events |
On 15 April 2024, Rub Edibrac Ireland Limited, the ultimate parent company during 2023, entered into an agreement to sell the Rub Edibrac Ireland Limited group and its subsidiaries. The sale is planned to complete by the end of June 2024. |
11. | Ultimate controlling party |
The controlling party is Rub Edibrac Ireland Limited. |
The parent company as from 30 November 2022 is ATA Grinding Processes Limited. |