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Registered number: 11484543









BREEZE CORPORATE FINANCE LIMITED









DIRECTORS' REPORT AND FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
BREEZE CORPORATE FINANCE LIMITED
 
 
 
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024

The directors present their report and the financial statements for the year ended 31 December 2024.

Business review

The Directors are pleased by the results presented by the Company, adding further strength to our Balance Sheet.
We concluded several significant transactions during the year, but more importantly continued to see an increase in new client work which will underpin our plans for 2025.
Indeed, we start 2025 with our highest level of engaged work and expect to deliver well in the first half of the year.
In February 2025, we were incredibly proud to be named as the Mid-Market Corporate Finance Team of the Year at the UK Dealmakers Awards (having earlier won both the East Midlands and Midlands Team Awards).
 
As always, we remain reassured and ambitious; we will continue to place our clients at the centre of all that we do.

Risk assessment

The Directors are aware of the continuing uncertainties in the global economy because of government changes, rising costs and inflationary pressures which, although inflation levels have reduced, may continue to affect the company and its clients to varying degrees. The Directors remain confident that the company is well placed to mitigate any additional risk arising from these challenges and consider that the company has adequate resources to continue to operate for the foreseeable future. The Directors will continue to actively monitor the situation.

Directors

The directors who served during the year were:

P A Bevan 
P J Wood 
N Winkett 
T J Clarke 

Small companies note

In preparing this report, the directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

This report was approved by the board on 11 April 2025 and signed on its behalf.
 





P A Bevan
Director

Page 1

 
BREEZE CORPORATE FINANCE LIMITED
REGISTERED NUMBER: 11484543

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
107,934
130,776

Current assets
  

Debtors: amounts falling due after more than one year
 5 
8,645
31,466

Debtors: amounts falling due within one year
 5 
240,402
324,739

Cash at bank and in hand
  
833,544
522,314

  
1,082,591
878,519

Creditors: amounts falling due within one year
 6 
(235,686)
(148,831)

Net current assets
  
 
 
846,905
 
 
729,688

Total assets less current liabilities
  
954,839
860,464

Creditors: amounts falling due after more than one year
 7 
(84,535)
(108,115)

Provisions for liabilities
  

Deferred tax
  
(26,984)
(24,848)

Net assets
  
843,320
727,501


Capital and reserves
  

Called up share capital 
  
200
200

Share premium account
  
99,980
99,980

Profit and loss account
  
743,140
627,321

  
843,320
727,501


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 11 April 2025.




Page 2

 
BREEZE CORPORATE FINANCE LIMITED
REGISTERED NUMBER: 11484543
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024

P J Wood
Director

The notes on pages 4 to 10 form part of these financial statements.

Page 3

 
BREEZE CORPORATE FINANCE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Breeze Corporate Finance Limited is a private company, limited by shares, registration number 11484543, registered in England and Wales. Its registered office address is Breeze House, 56, The Ropewalk, Nottingham, NG1 5DW. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The Directors are aware of the continuing uncertainties in the global economy as a result of changes in governments, rising prices and inflationary pressures which, although inflation levels have reduced, may continue to affect the company and its clients to varying degrees. The Directors remain confident that the company is well placed to mitigate any additional risk arising from these challenges and consider that the company has adequate resources to continue to operate for the foreseeable future having prepared cashflow forecasts to December 2026. Accordingly, the Directors have continued to prepare the financial statements on a going concern basis.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Operating leases: the company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Page 4

 
BREEZE CORPORATE FINANCE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.5

Leased assets: the company as lessee

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to profit or loss so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

 
2.6

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

 
2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and 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 current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Deferred tax balances are 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 the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Page 5

 
BREEZE CORPORATE FINANCE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.8

Tangible fixed assets

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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Motor vehicles
-
25%/1/3 straight-line
Fixtures and fittings
-
1/3 straight-line
Office equipment
-
1/3 straight-line

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 profit or loss.


3.


Employees

The average monthly number of employees, including directors, during the year was 15 (2023 - 13).

Page 6

 
BREEZE CORPORATE FINANCE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 January 2024
122,492
26,697
24,904
174,093


Additions
-
2,750
1,346
4,096


Disposals
-
-
(4,556)
(4,556)



At 31 December 2024

122,492
29,447
21,694
173,633



Depreciation


At 1 January 2024
9,579
18,989
14,749
43,317


Charge for the year on owned assets
-
4,127
6,287
10,414


Charge for the year on financed assets
16,524
-
-
16,524


Disposals
-
-
(4,556)
(4,556)



At 31 December 2024

26,103
23,116
16,480
65,699



Net book value



At 31 December 2024
96,389
6,331
5,214
107,934



At 31 December 2023
112,913
7,708
10,155
130,776

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2024
2023
£
£



Motor vehicles
94,585
110,389

Page 7

 
BREEZE CORPORATE FINANCE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Debtors

2024
2023
£
£

Due after more than one year

Other debtors
8,645
31,466


2024
2023
£
£

Due within one year

Trade debtors
47,688
51,171

Other debtors
47,532
139,403

Prepayments and accrued income
145,182
134,165

240,402
324,739


Included within other debtors due within one year in 2024 are loans to one director (2023 - two directors), amounting to £24,711 (2023 - £135,435 - two directors). Amounts repaid during the year totalled £110,724. The main conditions were as follows:

The loans are unsecured, interest free and repayable on demand.


6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,000
10,000

Trade creditors
13,234
32,356

Other taxation and social security
162,825
56,356

Obligations under finance lease and hire purchase contracts
13,580
12,679

Other creditors
23,503
23,453

Accruals and deferred income
12,544
13,987

235,686
148,831


Page 8

 
BREEZE CORPORATE FINANCE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
4,167
14,167

Net obligations under finance leases and hire purchase contracts
80,368
93,948

84,535
108,115



8.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
10,000
10,000

Amounts falling due 1-2 years

Bank loans
4,167
10,000

Amounts falling due 2-5 years

Bank loans
-
4,167


14,167
24,167



9.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
13,580
12,679

Between 1-5 years
80,368
93,948

93,948
106,627

Page 9

 
BREEZE CORPORATE FINANCE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

10.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered funds. The pension cost charge represents contributions payable by the company to the funds and amounted to £83,148 (2023 - £86,911). Contributions totalling £6,872 (2023 - £5,410) were payable to the funds at the balance sheet date and are included in creditors.


11.


Commitments under operating leases

At 31 December 2024 the company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
59,298
59,661

Later than 1 year and not later than 5 years
61,889
121,187

121,187
180,848


12.


Related party transactions

The company occupies a property which is under the control of a related party and the rent charged in the financial statements for the year was £55,927 (2023 - £55,956).


13.


Post balance sheet events

On 14 March 2025, the company repurchased and subsequently cancelled 20 shares from a former shareholder. The shares were repurchased at a premium and financed from reserves. In the opinion of the company’s directors, the company has sufficient reserves following completion of this transaction to continue trading successfully with no material changes to its operational capabilities.


14.


Auditor's information

The auditor's report on the financial statements for the year ended 31 December 2024 was unqualified.

The audit report was signed on 11 April 2025 by Jonathan Wilson FCA CTA (senior statutory auditor) on behalf of Barnett & Turner Accountants Ltd.

 
Page 10