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REGISTERED NUMBER: 12091403 (England and Wales)















Abridged Unaudited Financial Statements for the Year Ended 31 July 2024

for

BRYET LIMITED

BRYET LIMITED (Registered number: 12091403)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


BRYET LIMITED

Company Information
for the Year Ended 31 July 2024







DIRECTOR: Dr M Ferrari





REGISTERED OFFICE: 3rd Floor 207 Regent Street
London
Greater London
United Kingdom
W1B 3HH





REGISTERED NUMBER: 12091403 (England and Wales)






BRYET LIMITED (Registered number: 12091403)

Abridged Statement of Financial Position
31 July 2024

31.7.23 31.7.24
£    Notes £   

CREDITORS
110,461 Amounts falling due within one year 112,823
(110,461 ) NET CURRENT LIABILITIES (112,823 )
(110,461 ) TOTAL ASSETS LESS CURRENT
LIABILITIES

(112,823

)

243 PROVISIONS FOR LIABILITIES 6 243
(110,704 ) NET LIABILITIES (113,066 )

CAPITAL AND RESERVES
10,203 Called up share capital 10,203
148,743 Share Premium 7 148,743
(269,650 ) Retained earnings 7 (272,012 )
(110,704 ) (113,066 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

BRYET LIMITED (Registered number: 12091403)

Abridged Statement of Financial Position - continued
31 July 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 31 July 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 March 2025 and were signed by:





Dr M Ferrari - Director


BRYET LIMITED (Registered number: 12091403)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

BRYET LIMITED is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer Equipment - not provided

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the statement of comprehensive income.


BRYET LIMITED (Registered number: 12091403)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Creditors
Short term creditors are measured at the transaction price.

Going Concern

The company was taken over by BRYET US Inc. in November 2020. This US entity now provides financial assistance in order to clear any debt arising. As business operations have moved to this US parent undertaking, the company has adopted a dormant status.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

BRYET LIMITED (Registered number: 12091403)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2023
and 31 July 2024 6,569
DEPRECIATION
At 1 August 2023
and 31 July 2024 6,569
NET BOOK VALUE
At 31 July 2024 -
At 31 July 2023 -

6. PROVISIONS FOR LIABILITIES
31.7.24 31.7.23
£    £   
Deferred Tax 243 243

Deferred
tax
£   
Balance at 1 August 2023 243
Balance at 31 July 2024 243

7. RESERVES
Retained Share
Totals earnings Premium
£    £    £   

At 1 August 2023 (120,907 ) (269,650 ) 148,743
Deficit for the year (2,362 ) (2,362 )
At 31 July 2024 (123,269 ) (272,012 ) 148,743

Accumulated Losses

Retained earnings represent cumulative profits or losses, net of dividends paid and other adjustments.

BRYET LIMITED (Registered number: 12091403)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

8. RELATED PARTY DISCLOSURES

During the year, a total of £3,355 (2023 : £2,890) was lent by the parent company, BRYET US Inc. , in order to clear company's debts. By 31 July 2024, the closing balance towards this loan, which is unsecured, interest free and repayable on demand, was £110,501 (2023 : £107,146).

At the year end, a sum of £Nil (2023: £212) was payable to Hambro Perks Services Limited, a former associated company in respect of recharged expenses.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is BRYET US Inc.