Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-312025-05-222024-01-01falsemanagement consultancy.45truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12983285 2024-01-01 2024-12-31 12983285 2023-01-01 2023-12-31 12983285 2024-12-31 12983285 2023-12-31 12983285 c:Director1 2024-01-01 2024-12-31 12983285 d:OfficeEquipment 2024-01-01 2024-12-31 12983285 d:OfficeEquipment 2024-12-31 12983285 d:OfficeEquipment 2023-12-31 12983285 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 12983285 d:CurrentFinancialInstruments 2024-12-31 12983285 d:CurrentFinancialInstruments 2023-12-31 12983285 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 12983285 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 12983285 d:ShareCapital 2024-12-31 12983285 d:ShareCapital 2023-12-31 12983285 d:RetainedEarningsAccumulatedLosses 2024-12-31 12983285 d:RetainedEarningsAccumulatedLosses 2023-12-31 12983285 c:OrdinaryShareClass1 2024-01-01 2024-12-31 12983285 c:OrdinaryShareClass1 2024-12-31 12983285 c:OrdinaryShareClass1 2023-12-31 12983285 c:FRS102 2024-01-01 2024-12-31 12983285 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 12983285 c:FullAccounts 2024-01-01 2024-12-31 12983285 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 12983285 2 2024-01-01 2024-12-31 12983285 e:PoundSterling 2024-01-01 2024-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 12983285














BREEGA UK LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

 
BREEGA UK LIMITED
 

CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 6


 
BREEGA UK LIMITED
REGISTERED NUMBER:12983285

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,876
3,280

Current assets
  

Debtors: amounts falling due within one year
 5 
180,407
223,011

Bank and cash balances
  
56,130
32,974

  
236,537
255,985

Creditors: amounts falling due within one year
 6 
(36,654)
(74,094)

Net current assets
  
 
 
199,883
 
 
181,891

  

Net assets
  
202,759
185,171


Capital and reserves
  

Called up share capital 
 7 
125,000
125,000

Profit and loss account
  
77,759
60,171

  
202,759
185,171


Page 1

 
BREEGA UK LIMITED
REGISTERED NUMBER:12983285
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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 by: 




B Marrel
Director

Date: 22 May 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
BREEGA UK LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Breega UK Limited is a limited liability company registered in England and Wales. Its registered office address is at 5 Elstree Gate, Elstree Way, Borehamwood, Hertfordshire, WD6 1JD.

The principal activity of the company is that of management consultancy.

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

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.3

Turnover

Turnover comprises revenue recognised by the company in respect of amounts invoiced during the year, exclusive of Value Added Tax and trade discounts.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
BREEGA UK LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.5

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 Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Taxation

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 reporting date in the countries where the Company operates and generates income.


 
2.7

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 provided on the following basis:

Office equipment
-
25%
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 the Statement of Comprehensive Income.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty.

 
2.10

Creditors

Short term creditors are measured at the transaction price.

Page 4

 
BREEGA UK LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

3.


Employees




The average monthly number of employees, including directors, during the year was 4 (2023 - 5).


4.


Tangible fixed assets





Office equipment

£



Cost


At 1 January 2024
7,292


Additions
1,473



At 31 December 2024

8,765



Depreciation


At 1 January 2024
4,012


Charge for the year on owned assets
1,877



At 31 December 2024

5,889



Net book value



At 31 December 2024
2,876



At 31 December 2023
3,280

Page 5

 
BREEGA UK LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
104,053
152,649

Other debtors
14,999
-

Prepayments and accrued income
61,355
70,362

180,407
223,011



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Taxation and social security
14,286
46,559

Other creditors
18,247
23,565

Accruals and deferred income
4,121
3,970

36,654
74,094



7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



125,000 (2023 - 125,000) Ordinary shares of £1 each
125,000
125,000



8.


Pension commitments

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in independently administered funds. The pension cost charge represents contributions payable by the company to the fund and amounted to £4,206 (2023 - £7,713).


9.


Controlling party

The Company's immediate and ultimate parent is Breega Corp SAS, a company incorporated in  France. 

The company does not have an ultimate controlling party.

 
Page 6