Acorah Software Products - Accounts Production 16.1.300 false true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 10363395 Mr Noel McEvoy Mrs Paulette McEvoy iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10363395 2023-10-31 10363395 2024-10-31 10363395 2023-11-01 2024-10-31 10363395 frs-core:CurrentFinancialInstruments 2024-10-31 10363395 frs-core:SharePremium 2024-10-31 10363395 frs-core:ShareCapital 2024-10-31 10363395 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 10363395 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 10363395 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 10363395 frs-bus:SmallEntities 2023-11-01 2024-10-31 10363395 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 10363395 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 10363395 frs-core:CostValuation 2023-10-31 10363395 frs-core:CostValuation 2024-10-31 10363395 frs-core:ProvisionsForImpairmentInvestments 2023-10-31 10363395 frs-core:ProvisionsForImpairmentInvestments 2024-10-31 10363395 frs-bus:Director1 2023-11-01 2024-10-31 10363395 frs-bus:Director2 2023-11-01 2024-10-31 10363395 frs-countries:EnglandWales 2023-11-01 2024-10-31 10363395 2022-10-31 10363395 2023-10-31 10363395 2022-11-01 2023-10-31 10363395 frs-core:CurrentFinancialInstruments 2023-10-31 10363395 frs-core:SharePremium 2023-10-31 10363395 frs-core:ShareCapital 2023-10-31 10363395 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 10363395
Bronel Group Holdings Limited
Financial Statements
For The Year Ended 31 October 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10363395
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investments 4 1,481,370 1,481,370
1,481,370 1,481,370
Creditors: Amounts Falling Due Within One Year 6 (940 ) (940 )
NET CURRENT ASSETS (LIABILITIES) (940 ) (940 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,480,430 1,480,430
NET ASSETS 1,480,430 1,480,430
CAPITAL AND RESERVES
Called up share capital 7 100 100
Share premium account 736,998 736,998
Profit and Loss Account 743,332 743,332
SHAREHOLDERS' FUNDS 1,480,430 1,480,430
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For the year ending 31 October 2024 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Noel McEvoy
Director
18 March 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Bronel Group Holdings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10363395 . The registered office is Unit 5 Quatro Park, Paycocke Road, Basildon, Essex, SS14 3GH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Financial Instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provision of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including creditors and loans from fellow group companies are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
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2.3. Fixed asset investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.
Entities in which the company has a long-term interest and shares control under a contractual arrangement are classified as jointly controlled entities.
3. Average Number of Employees
The average number of employees, including directors, during the year was as follows: 2 (2023: 2)
2 2
4. Investments
Subsidiaries
£
Cost
As at 1 November 2023 1,481,370
As at 31 October 2024 1,481,370
Provision
As at 1 November 2023 -
As at 31 October 2024 -
Net Book Value
As at 31 October 2024 1,481,370
As at 1 November 2023 1,481,370
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Amounts owed to group undertakings 940 940
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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8. Related Party Transactions
Bronel Group Limited
At the balance sheet date, £940 (2023 - £940) was owed to Bronel Group Limited, a subsidiary company.
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