Company Registration No. 09588477 (England and Wales)
BRAZZLE FINANCE LTD
Unaudited accounts
for the year ended 31 December 2023
BRAZZLE FINANCE LTD
Unaudited accounts
Contents
BRAZZLE FINANCE LTD
Company Information
for the year ended 31 December 2023
Company Number
09588477 (England and Wales)
Registered Office
95 MIDDLESEX STREET
LONDON
E1 7DA
Accountants
London Accounting Firm
Jasmine
Langley Park Road
Iver
SL0 0JQ
BRAZZLE FINANCE LTD
Statement of financial position
as at 31 December 2023
Tangible assets
73,487
99,753
Cash at bank and in hand
(55,246)
280
Creditors: amounts falling due within one year
(230,388)
(203,024)
Net current (liabilities)/assets
(18,157)
86,893
Total assets less current liabilities
55,330
186,646
Creditors: amounts falling due after more than one year
(73,982)
(182,184)
Net (liabilities)/assets
(18,652)
4,462
Profit and loss account
(18,653)
4,461
Shareholders' funds
(18,652)
4,462
For the year ending 31 December 2023 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 January 2025 and were signed on its behalf by
Mr Huw Wardrope
Director
Company Registration No. 09588477
BRAZZLE FINANCE LTD
Notes to the Accounts
for the year ended 31 December 2023
BRAZZLE FINANCE LTD is a private company, limited by shares, registered in England and Wales, registration number 09588477. The registered office is 95 MIDDLESEX STREET, LONDON, E1 7DA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Over the remaining term of the lease
Plant & machinery
20% straight line
Fixtures & fittings
15% straight line
Computer equipment
15% straight line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.
A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.
BRAZZLE FINANCE LTD
Notes to the Accounts
for the year ended 31 December 2023
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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Intangible fixed assets
Other
At 31 December 2023
25,000
At 31 December 2023
25,000
5
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 January 2023
203,933
147,009
350,942
At 31 December 2023
203,933
147,009
350,942
At 1 January 2023
107,235
143,954
251,189
Charge for the year
20,393
5,873
26,266
At 31 December 2023
127,628
149,827
277,455
At 31 December 2023
76,305
(2,818)
73,487
At 31 December 2022
96,698
3,055
99,753
Amounts falling due within one year
Other debtors
17,320
31,858
Amounts falling due after more than one year
Amounts due from group undertakings etc.
244,502
257,779
BRAZZLE FINANCE LTD
Notes to the Accounts
for the year ended 31 December 2023
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Creditors: amounts falling due within one year
2023
2022
Trade creditors
41,970
53,893
Taxes and social security
20,616
23,960
Other creditors
6,448
6,448
Loans from directors
120,154
84,177
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Creditors: amounts falling due after more than one year
2023
2022
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Transactions with related parties
At the balance sheet date the company was owed £244,502 (2022 - £257,779) under common control. The loans are interest free and payable on demand.
At the balance sheet date the company owed the director £120,154.
The immediate parent company is Brazzle Holdings Limited and the ultimate controlling party is Mr H Wardrope.
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Average number of employees
During the year the average number of employees was 5 (2022: 5).