BRAND CONTROL LTD

Company Registration Number:
08984550 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

BRAND CONTROL LTD

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Notes

BRAND CONTROL LTD

Balance sheet

As at 31 December 2023


Notes

2023

2022


£

£
Current assets
Debtors:   2,158,436 2,063,082
Total current assets: 2,158,436 2,063,082
Net current assets (liabilities): 2,158,436 2,063,082
Total assets less current liabilities: 2,158,436 2,063,082
Total net assets (liabilities): 2,158,436 2,063,082
Capital and reserves
Called up share capital: 10 10
Profit and loss account: 2,158,426 2,063,072
Shareholders funds: 2,158,436 2,063,082

The notes form part of these financial statements

BRAND CONTROL LTD

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 30 September 2024
and signed on behalf of the board by:

Name: A Barnes
Status: Director

The notes form part of these financial statements

BRAND CONTROL LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover relates to the company’s principal activity and represents royalty income receivable from third parties to use its intellectual property. Turnover is recognised at the fair value of the consideration received in the normal course of business, and is shown net of VAT and other sales related taxes.

Tangible fixed assets and depreciation policy

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Intangible fixed assets and amortisation policy

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 5 years.

BRAND CONTROL LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

2. Employees

2023 2022
Average number of employees during the period 0 0

BRAND CONTROL LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Related party transactions

The company's directors are also directors of a number of related companies with which Brand Control Limited have traded during the year. During the year, the company received royalty income amounting to £ (2022 - £316,257) from related companies and at 31 December 2023, included in other debtors were amounts of £2,063,072 (2022 - £2,063,072) due from related companies.