Registered number: 08576857
BRUNO LABRADOR UK LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
|
BRUNO LABRADOR UK LIMITED
Company Information
|
BRUNO LABRADOR UK LIMITED
Registered number: 08576857
Balance sheet
As at 30 June 2024
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debtors: amounts falling due after more than one year
|
|
|
|
|
|
Debtors: amounts falling due within one year
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Creditors: amounts falling due within one year
|
|
|
|
|
|
|
|
|
|
|
|
Total assets less current liabilities
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BRUNO LABRADOR UK LIMITED
Registered number: 08576857
Balance sheet (continued)
As at 30 June 2024
The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 18 November 2024.
The notes on pages 3 to 6 form part of these financial statements.
|
BRUNO LABRADOR UK LIMITED
Notes to the financial statements
For the Year Ended 30 June 2024
Bruno Labrador UK Limited is a private company limited by share capital, incorporated in England and Wales, registration number 08576857. The principal activity of the company is that of an investment company. The registered office address is 3rd Floor, 12 Gough Square, London, EC4A 3DW.
2.Accounting policies
|
|
Basis of preparation of financial statements
|
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:
|
|
Foreign currency translation
|
Functional and presentation currency
The Company's functional and presentational currency is GBP.
Transactions and balances
Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.
At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.
Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the Profit and loss account, except when deferred in other comprehensive income as qualifying cash flow hedges.
Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Profit and loss account within 'finance income or costs'. All other foreign exchange gains and losses are presented in Profit and loss account within 'other operating income'.
Turnover is measured as the fair value of rent, service charges and rechargeable expenditure received or receivable during the year, excluding value added tax.
|
BRUNO LABRADOR UK LIMITED
Notes to the financial statements
For the Year Ended 30 June 2024
2.Accounting policies (continued)
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.
Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the profit and loss account.
Short-term debtors are measured at transaction price, less any impairment.
|
|
Cash and cash equivalents
|
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.
Short-term creditors are measured at the transaction price.
|
The average monthly number of employees, including directors, during the year was 2 (2023 - 2).
|
|
BRUNO LABRADOR UK LIMITED
Notes to the financial statements
For the Year Ended 30 June 2024
|
|
Freehold investment property
|
|
|
|
|
|
|
|
|
|
|
|
|
The valuations were made by I Valdes, on an open market value for existing use basis.
|
Due after more than one year
|
|
|
|
Amounts owed by group undertakings
|
|
|
|
|
|
|
|
|
|
|
|
BRUNO LABRADOR UK LIMITED
Notes to the financial statements
For the Year Ended 30 June 2024
|
Creditors: Amounts falling due within one year
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other taxation and social security
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The company has an agreement in place with its bankers to provide a £1m credit facility which carries a fixed and floating charge over the assets of the company.
|
|
|
Allotted, called up and fully paid
|
|
|
|
|
|
|
|
|
|
100 (2023 - 100) Ordinary GBP shares of £1 each
|
|
|
|
|
934 (2023 - 934) Ordinary shares of £2,340 each
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Both classes of shares rank parri passu.
|
|
Related party transactions
|
|
The company has adopted the exemption permitted by paragraph 33.1A of FRS102 and has not disclosed transactions with members of the same group that are wholly owned.
As at the year-end a director had made a loan to the company amounting to £5,031 (2023: £5,031). The loan is interest free and payable on demand.
|
The immediate parent company is Bruno Labrador SL, a company incorporated in Spain.
|
|