Company registration number 14121178 (England and Wales)
BRUT HOLDINGS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
PAGES FOR FILING WITH REGISTRAR
BRUT HOLDINGS LTD
CONTENTS
Page
Accountants' report
1
Balance sheet
2
Notes to the financial statements
3 - 5
BRUT HOLDINGS LTD
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF BRUT HOLDINGS LTD FOR THE YEAR ENDED 31 AUGUST 2024
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Brut Holdings Ltd for the year ended 31 August 2024 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Brut Holdings Ltd, as a body. Our work has been undertaken solely to prepare for your approval the financial statements of Brut Holdings Ltd and state those matters that we have agreed to state to the Board of Directors of Brut Holdings Ltd, as a body. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Brut Holdings Ltd and its Board of Directors as a body, for our work or for this report.
It is your duty to ensure that Brut Holdings Ltd 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 Brut Holdings Ltd. You consider that Brut Holdings Ltd 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 Brut Holdings Ltd. 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.
Kirk Rice LLP
29 May 2025
Victoria House
178-180 Fleet Road
Fleet
Hampshire
GU51 4DA
BRUT HOLDINGS LTD
BALANCE SHEET
AS AT
31 AUGUST 2024
31 August 2024
- 2 -
2024
2023
as restated
Notes
£
£
£
£
Fixed assets
Investments
3
73
73
Current assets
Debtors
4
148,208
73,387
Creditors: amounts falling due within one year
5
(3,477)
(1,056)
Net current assets
144,731
72,331
Net assets
144,804
72,404
Capital and reserves
Called up share capital
4
4
Profit and loss reserves
144,800
72,400
Total equity
144,804
72,404
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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.
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.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 29 May 2025 and are signed on its behalf by:
Mr D J Gingell
Director
Company registration number 14121178 (England and Wales)
BRUT HOLDINGS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
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1
Accounting policies
Company information
Brut Holdings Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 1st Floor, Victoria House, 178-180 Fleet Road, Fleet, GU51 4DA.
1.1
Reporting period
The company was incorporated in May 2022 and the directors chose to have a 31 August year end to be in line with the existing trading entity in the group. Therefore these financial statements are presented for a period longer than a year.
1.2
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.
1.3
Turnover
Other income
Other income is recharged costs to group companies which is recognised when the cost is incurred
Dividend income
Dividend income from investments is recognised when the shareholder's right to receive payment has been established.
1.4
Fixed asset investments
Interests in subsidiaries, associates and jointly controlled entities 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 or 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.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
BRUT HOLDINGS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
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3
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
73
73
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
148,078
73,264
Other debtors
130
123
148,208
73,387
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
156
Other creditors
3,477
900
3,477
1,056
6
Related party transactions
During the year, Brut Holdings Limited carried out transactions with a subsidiary. The balance outstanding at the year-end was £148,078 due from (2023: £73,264 due from) the subsidiary.
Funding was received from a company under common control. The outstanding payable balance at the period end was £2,457 owed to the company.
Balances with related parties are interest-free and repayable on demand.
7
Prior period adjustment
Reconciliation of changes in equity
The prior period adjustments do not give rise to any effect upon equity.
Reconciliation of changes in profit for the previous financial period
2023
£
Total adjustments
-
Profit as previously reported
308,400
Profit as adjusted
308,400
BRUT HOLDINGS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
7
Prior period adjustment
(Continued)
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Notes to reconciliation
A prior period adjustment was made in relation to recognising the investment in a subsidiary, Food Brut Limited. This adjustment has not impacted the profit or loss account, or equity on the balance sheet.