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REGISTERED NUMBER: 07368868 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Brookvex Communications Limited

Brookvex Communications Limited (Registered number: 07368868)






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


Brookvex Communications Limited

Company Information
for the year ended 31 December 2023







DIRECTOR: M Davidson





REGISTERED OFFICE: Unit 4
Tramlink Park
24 Deer Park Road
Merton
London
SW19 3UA





REGISTERED NUMBER: 07368868 (England and Wales)





ACCOUNTANTS: Bennett Brooks & Co Limited
Chartered Accountants
St George's Court
Winnington Avenue
Northwich
Cheshire
CW8 4EE

Brookvex Communications Limited (Registered number: 07368868)

Balance Sheet
31 December 2023

2023 2022
as restated
Notes £ £
FIXED ASSETS
Intangible assets 4 550,000 1,630,000

CURRENT ASSETS
Debtors 5 - 550,000
Cash at bank and in hand 3,116 1,479
3,116 551,479
CREDITORS
Amounts falling due within one year 6 (2,059,709 ) (3,750,142 )
NET CURRENT LIABILITIES (2,056,593 ) (3,198,663 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,506,593

)

(1,568,663

)

CREDITORS
Amounts falling due after more than one year 7 (104,957 ) (42,920 )
NET LIABILITIES (1,611,550 ) (1,611,583 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (1,611,650 ) (1,611,683 )
SHAREHOLDERS' FUNDS (1,611,550 ) (1,611,583 )

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 23 September 2024 and were signed by:





M Davidson - Director


Brookvex Communications Limited (Registered number: 07368868)

Notes to the Financial Statements
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Brookvex Communications 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

In preparing the financial statements, the director has assessed the Company's ability to continue as a going concern, with consideration to the negative working capital reported in the Balance Sheet. In assessing future cash commitments, the director notes that other related companies will continue to support the entity as needed and that he will not call upon the amounts owed to him until future cash flows permit. As a result, it is deemed appropriate to prepare the accounts on a going concern basis.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Other intangibles are being amortised evenly over their estimated useful life of 10 years.

Fixed asset investments
Investments held as fixed assets are stated at cost, together with subsequent capital contributions, less any provisions for impairment.

Investments are reviewed for impairment if events or changes in circumstances indicate that the carrying amount may not be recoverable. Impairments are calculated such that the carrying value of the fixed asset investment is the lower of its cost or recoverable amount. Recoverable amount is the higher of its net realisable value and its value in use.

Share capital
Ordinary shares are classed as equity.

Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, cash held with banks and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

3. EMPLOYEES AND DIRECTORS

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

Brookvex Communications Limited (Registered number: 07368868)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£
COST
At 1 January 2023 2,900,000
Disposals (1,800,000 )
At 31 December 2023 1,100,000
AMORTISATION
At 1 January 2023 1,270,000
Eliminated on disposal (720,000 )
At 31 December 2023 550,000
NET BOOK VALUE
At 31 December 2023 550,000
At 31 December 2022 1,630,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£ £
Other debtors - 550,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£ £
Taxation and social security - 169
Other creditors 2,059,709 3,749,973
2,059,709 3,750,142

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
as restated
£ £
Other creditors 104,957 42,920

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
as restated
£ £
Other loans 128,700 70,097

Within other loans are amounts due to the Brookvex Pension Scheme of £128,713 (2022: £70,098 ) which are secured by way of a fixed charge over the registered trademark of Brookvex Communications Limited and its domain names. A fixed and floating charge is also held over the assets of the company.

9. ULTIMATE CONTROLLING PARTY

The controlling party is M Davidson.