REGISTERED NUMBER: |
BRH HOLDINGS LIMITED |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD |
21 JULY 2023 TO 31 JULY 2024 |
REGISTERED NUMBER: |
BRH HOLDINGS LIMITED |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD |
21 JULY 2023 TO 31 JULY 2024 |
BRH HOLDINGS LIMITED (REGISTERED NUMBER: 15018250) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 21 JULY 2023 TO 31 JULY 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Chartered Accountants' Report | 5 |
BRH HOLDINGS LIMITED |
COMPANY INFORMATION |
FOR THE PERIOD 21 JULY 2023 TO 31 JULY 2024 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Ground Floor Cardigan House |
Castle Court |
Swansea Enterprise Park |
Swansea |
SA7 9LA |
BRH HOLDINGS LIMITED (REGISTERED NUMBER: 15018250) |
BALANCE SHEET |
31 JULY 2024 |
Notes | £ | £ |
FIXED ASSETS |
Investments | 4 |
CURRENT ASSETS |
Debtors | 5 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 6 |
Retained earnings | 7 |
SHAREHOLDERS' FUNDS |
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. |
The financial statements were approved by the director and authorised for issue on |
BRH HOLDINGS LIMITED (REGISTERED NUMBER: 15018250) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 21 JULY 2023 TO 31 JULY 2024 |
1. | STATUTORY INFORMATION |
BRH Holdings Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Going Concern |
At the time of approving the financial statements, the director has reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements. |
Related party exemption |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
Interest in subsidiaries 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 of 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. |
Taxation |
Taxation for the period 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 balance sheet date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 period 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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was NIL. |
BRH HOLDINGS LIMITED (REGISTERED NUMBER: 15018250) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 21 JULY 2023 TO 31 JULY 2024 |
4. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
Additions |
Disposals | ( |
) |
At 31 July 2024 |
NET BOOK VALUE |
At 31 July 2024 |
A group reorganisation took place on the 2nd November 2023, where the share capital of JB Retail Midco Ltd Group was transferred to BRH Holdings Limited via a share for share exchange. For the transfer of shares from JB Retail Midco Ltd, the company issued 28,999,999 ordinary shares at par. |
After the BRH Holdings Limited Group was formed, the group implemented a strategic plan on the same day to transfer the manufacturing and wholesale of pet food division from the group, in order to facilitate the sale of this division. |
The Investment in Burns Pet Nutrition Ltd a subsidiary of JB Retail Midco Ltd was transferred to BRH Holdings Limited at Book Value of £50. Following this a capital reduction demerger was executed with the transfer of Burns Pet Nutrition Ltd to BPN Holdings Limited at a value of £24,499,999. |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Other debtors |
6. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal |
value: | £ |
Ordinary | 1 | 4,500,000 |
On 21 July 2023, one ordinary share of £1 was issued at par on incorporation. |
A further 28,999,999 ordinary shares of £1 each were issued at par on 2 November 2023 as consideration for the acquisition of the entire share capital of JB Retail Midco Ltd. |
On 2 November 2023 a capital reduction demerger was executed with a reduction of 24,500,000 ordinary shares in relation to Burns Pet Nutrition Ltd. |
7. | RESERVES |
Retained |
earnings |
£ |
Profit for the period |
Dividends | ( |
) |
Reduction of share capital | 24,500,000 |
At 31 July 2024 |
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
BRH HOLDINGS LIMITED |
The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies. |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of BRH Holdings Limited for the period ended 31 July 2024 which comprise the Income Statement, 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
This report is made solely to the director of BRH Holdings Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of BRH Holdings Limited and state those matters that we have agreed to state to the director of BRH Holdings Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than BRH Holdings Limited and its director for our work or for this report. |
It is your duty to ensure that BRH Holdings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of BRH Holdings Limited. You consider that BRH Holdings Limited is exempt from the statutory audit requirement for the period. |
We have not been instructed to carry out an audit or a review of the financial statements of BRH Holdings 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 financial statements. |
Ground Floor Cardigan House |
Castle Court |
Swansea Enterprise Park |
Swansea |
SA7 9LA |