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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
Page
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BRAZZLE FINANCE LTD Company Information for the year ended 31 December 2023
Director
Mr Huw Wardrope
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
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BRAZZLE FINANCE LTD Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
73,487 
99,753 
Current assets
Debtors
267,477 
289,637 
Cash at bank and in hand
(55,246)
280 
212,231 
289,917 
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 
Capital and reserves
Share premium
1 
1 
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
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BRAZZLE FINANCE LTD Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Leased assets
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
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.
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BRAZZLE FINANCE LTD Notes to the Accounts for the year ended 31 December 2023
Financial instruments
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.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 January 2023
25,000 
At 31 December 2023
25,000 
Amortisation
At 1 January 2023
25,000 
At 31 December 2023
25,000 
Net book value
At 31 December 2023
- 
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 
Depreciation
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 
Net book value
At 31 December 2023
76,305 
(2,818)
73,487 
At 31 December 2022
96,698 
3,055 
99,753 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
5,655 
- 
Other debtors
17,320 
31,858 
22,975 
31,858 
Amounts falling due after more than one year
Amounts due from group undertakings etc.
244,502 
257,779 
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BRAZZLE FINANCE LTD Notes to the Accounts for the year ended 31 December 2023
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
34,000 
26,654 
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 
Accruals
7,200 
7,892 
230,388 
203,024 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
69,982 
182,184 
Accruals
4,000 
- 
73,982 
182,184 
9
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.
10
Controlling party
The immediate parent company is Brazzle Holdings Limited and the ultimate controlling party is Mr H Wardrope.
11
Average number of employees
During the year the average number of employees was 5 (2022: 5).
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