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Registration number: 02351292

Brendon Street Securities Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2024

 

Brendon Street Securities Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 6

 

Brendon Street Securities Limited

Company Information

Directors

N W Wray

L E Wray

Company secretary

N Rowe

Registered office

Belfry House
Champions Way
Hendon
London
NW4 1PX

Accountants

KSEG
Chartered Accountants
Belfry House
Champions Way
Hendon
London
NW4 1PX

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Financial Statements of
Brendon Street Securities Limited
for the Year Ended 31 March 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Brendon Street Securities Limited for the year ended 31 March 2024 which comprise the statement of comprehensive income, balance sheet and the related notes, from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
https://www.icaew.com/regulation/a-z.

It is your duty to ensure that Brendon Street Securities Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Brendon Street Securities Limited. You consider that Brendon Street Securities Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Brendon Street Securities Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

Use of our report

This report is made solely to the Board of Directors of Brendon Street Securities Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Brendon Street Securities Limited and state those matters that we have agreed to state to the Board of Directors of Brendon Street Securities Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Brendon Street Securities Limited and its Board of Directors, as a body, for our work or for this report.

......................................

KSEG
Chartered Accountants
Belfry House
Champions Way
Hendon
London
NW4 1PX

28 March 2025

 

Brendon Street Securities Limited

(Registration number: 02351292)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Current assets

 

Debtors

4

745,374

746,587

Creditors: Amounts falling due within one year

5

(1,213)

(1,213)

Net assets

 

744,161

745,374

Capital and reserves

 

Called up share capital

6

100

100

Retained earnings

744,061

745,274

Shareholders' funds

 

744,161

745,374

For the financial year ended 31 March 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 of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. The statement of comprehensive income and directors' report have not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small companies regime.

Approved and authorised for issue by the Board on 28 March 2025 and signed on its behalf by:
 

.........................................

N W Wray

Director

 

Brendon Street Securities Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital incorporated in England. The registered office address is shown on page 1.

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A Small Entities and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Tax

The tax expense for the period comprises current and, where applicable, deferred tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The company's liability for current tax is calculated using tax rates and laws that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that the recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against suitable future taxable profits.

Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Current and deferred tax assets and liabilities are not discounted.

Financial instruments

Financial liabilities and equity are classified according to the substance of the financial instrument's contractual obligations, rather than its legal form.

The company's debtors and creditors are measured initially at transaction price, and subsequently at amortised cost using the effective interest method.

3

Employees and directors information

The company had no employees (2023 - none) and 2 directors (2023 - 2) during the year. The directors did not receive any remuneration in the year (2023 - £nil).

 

Brendon Street Securities Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

4

Debtors

2024
£

2023
£

Amounts due from parent undertaking

745,374

746,587

5

Creditors: amounts falling due within one year

2024
£

2023
£

Accruals

1,213

1,213

1,213

1,213

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

       
 

Brendon Street Securities Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

7

Related party transactions

The company has taken advantage of exemption available in FRS 102 Section 1A not to disclose any transactions with its parent company other than those disclosed elsewhere in the notes.

8

Parent undertaking and ultimate controlling party

At 31 March 2024, the company's immediate parent company was Brendon Street Investments Limited, a company incorporated and resident in United Kingdom. The company's ultimate parent company was Eurobeck Limited, a company incorporated in Cyprus and resident in United Kingdom and the ultimate controlling party was N W Wray. No publicly available consolidated financial statements are prepared that incorporate the results of the company.

At the date of approval of these financial statements, the ultimate parent company is now Argent Finance Limited, a company incorporated and resident in Jersey. The ultimate controlling party is RBC Trustees (Jersey) Limited, as trustee of The Edna Wray Grandchildren's Accumulation and Maintenance Trust.