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BREAKSPEAR VENTURES LTD

Registered Number
13483934
(England and Wales)

Unaudited Financial Statements for the Year ended
31 August 2024

BREAKSPEAR VENTURES LTD
Company Information
for the year from 1 September 2023 to 31 August 2024

Directors

Richard Alan Abel
Stuart John Moore

Registered Address

85 Great Portland Street
First Floor
London
W1W 7LT

Registered Number

13483934 (England and Wales)
BREAKSPEAR VENTURES LTD
Balance Sheet as at
31 August 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Investments41,981,3972,103,874
1,981,3972,103,874
Current assets
Debtors15,28534,787
Cash at bank and on hand37,16124,250
52,44659,037
Creditors amounts falling due within one year(10,407)(9,040)
Net current assets (liabilities)42,03949,997
Total assets less current liabilities2,023,4362,153,871
Creditors amounts falling due after one year(1,452,928)(1,506,979)
Net assets570,508646,892
Capital and reserves
Called up share capital383,645391,145
Share premium370,834363,334
Profit and loss account(183,971)(107,587)
Shareholders' funds570,508646,892
The financial statements were approved and authorised for issue by the Board of Directors on 21 May 2025, and are signed on its behalf by:
Richard Alan Abel
Director
Stuart John Moore
Director

Registered Company No. 13483934
BREAKSPEAR VENTURES LTD
Notes to the Financial Statements
for the year ended 31 August 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
2.Average number of employees
The average number of persons (including executive directors) employed by the Company during the year.

20242023
Average number of employees during the year05
3.Deferred tax
Increases in the UK Corporation tax rate from 19% to 25% (19% effective from 1 April 2017, and 25% effective from 1 April 2023) have been substantively enacted. This will impact the company's future tax charge accordingly. The value of the deferred tax assets at the balance sheet date has been calculated using the applicable rate when the asset is expected to be realised.
4.Fixed asset investments

Total

£
Cost or valuation
At 01 September 232,103,874
Additions40,831
Revaluations(139,308)
Disposals(24,000)
At 31 August 241,981,397
Net book value
At 31 August 241,981,397
At 31 August 232,103,874
5.Share capital
1,000,000 Shares were issued on 05/01/2024 to satisfy a subscription of £10,000 previously received. These were shown as Shares to be issued in the year end accounts for 31 August 2023.
6.Controlling party
In the opinion of the Directors there is no ultimate controlling party.
7.Description of reasons for any change in chosen formats of the financial statments
Reclassification of Other Gains/(Losses) to Other Operating Income In accordance with IAS 1 – Presentation of Financial Statements, paragraphs 41 and 45, the Company has reassessed the presentation of certain income items previously reported under “Other Gains/(Losses) including revaluations and changes in provisions” in the statement of profit or loss for the year ended 31 August 2023. As a result of this reassessment, and to provide more relevant and faithfully representative information regarding the nature of the Company’s operating activities, management has concluded that these items are more appropriately classified under “Other Operating Income.” Accordingly, the prior year amount of £141,938 has been reclassified from "Other Gains/(Losses)" to "Other Operating Income" for the year ended 31 August 2023. This change in presentation has been made retrospectively to ensure comparability, as required by IAS 1.41. The amount recognized under "Other Operating Income" for the current year ended 31 August 2024 is £37,569. This reclassification has no impact on the total profit or loss for the current or comparative periods, nor does it affect the Company’s financial position, cash flows, or retained earnings