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COMPANY REGISTRATION NUMBER: 15288575
Branzell (Holdings) Limited
Filleted Unaudited Financial Statements
For the period ended
30 April 2024
Branzell (Holdings) Limited
Financial Statements
Period from 16 November 2023 to 30 April 2024
Contents
Page
Officers and professional advisers
1
Statement of financial position
2
Notes to the financial statements
3
Branzell (Holdings) Limited
Officers and Professional Advisers
The board of directors
Mr T Coates (Appointed 16 November 2023)
Mr T Holt (Appointed 16 November 2023)
Registered office
2 Oldfiled Road
Bocam Park
Bridgend
CF35 5LJ
Accountants
Clay Shaw Thomas Ltd
2 Oldfield Road
Bocam Park
Bridgend
CF35 5LJ
Branzell (Holdings) Limited
Statement of Financial Position
30 April 2024
30 Apr 24
Note
£
£
Fixed assets
Investments
4
1,325,270
Current assets
Debtors
5
110
Creditors: amounts falling due within one year
6
1,056,937
------------
Net current liabilities
1,056,827
------------
Total assets less current liabilities
268,443
Creditors: amounts falling due after more than one year
7
268,333
---------
Net assets
110
---------
Capital and reserves
Called up share capital
110
----
Shareholders funds
110
----
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the period ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 30 January 2025 , and are signed on behalf of the board by:
Mr T Coates
Mr T Holt
Director
Director
Company registration number: 15288575
Branzell (Holdings) Limited
Notes to the Financial Statements
Period from 16 November 2023 to 30 April 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 2 Oldfiled Road, Bocam Park, Bridgend, CF35 5LJ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
4. Investments
Shares in group
£
Cost
At 16 November 2023
Additions
1,325,270
------------
At 30 April 2024
1,325,270
------------
Impairment
At 16 November 2023 and 30 April 2024
------------
Carrying amount
At 30 April 2024
1,325,270
------------
On 19 December 2023 the company purchased 100% of the called up share capital of Branzell Limited.
5. Debtors
30 Apr 24
£
Other debtors
110
----
6. Creditors: amounts falling due within one year
30 Apr 24
£
Amounts owed to group undertakings
986,937
Other creditors
70,000
------------
1,056,937
------------
Amounts owed to group undertakings are interest-free and repayable on demand.
7. Creditors: amounts falling due after more than one year
30 Apr 24
£
Other creditors
268,333
---------
8. Reserves
Profit and loss account - This reserve records retained earnings and accumulated losses.
9. Incorporation and comparatives
The company incorporated on 16 November 2023. Therefore, there are no comparatives to report.