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COMPANY REGISTRATION NUMBER: 3388565
BRO UK Limited
Filleted Unaudited Financial Statements
30 June 2024
BRO UK Limited
Statement of Financial Position
30 June 2024
2024
2023
Note
£
£
£
Current assets
Debtors
5
155,453
107,310
Cash at bank and in hand
3,487
3,460
---------
---------
158,940
110,770
Creditors: amounts falling due within one year
6
113,899
84,233
---------
---------
Net current assets
45,041
26,537
--------
--------
Total assets less current liabilities
45,041
26,537
--------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
44,941
26,437
--------
--------
Shareholders funds
45,041
26,537
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- 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 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 24 June 2025 , and are signed on behalf of the board by:
Canterfield Limited
Director
Company registration number: 3388565
BRO UK Limited
Notes to the Financial Statements
Year ended 30 June 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is TML House, 1a The Anchorage, Gosport, Hampshire, PO12 1LY.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Debtors
2024
2023
£
£
Other debtors
155,453
107,310
---------
---------
6. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
2,399
1,221
Corporation tax
15,781
5,851
Social security and other taxes
105
126
Other creditors
95,614
77,035
---------
--------
113,899
84,233
---------
--------
7. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2024
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
T M Lazenbury Esq
7,074
7,074
----
-------
-------
2023
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
T M Lazenbury Esq
----
----
----
8. Related party transactions
During the year the company entered into the following transactions with related parties:
Transaction value
Balance owed by/(owed to)
2024
2023
2024
2023
£
£
£
£
Lazenbury Ltd
37,527
17,526
131,580
94,053
Trevor Michael Lazenbury Limited
(20,279)
(47,821)
( 93,030)
( 72,751)
Canterfield Ltd
2,500
(1,000)
800
( 1,700)
NTL Enterprises Limited
(50)
266
12,736
12,786
Lazenbury Property (Bemisters & Park Parade) Limited
( 2,584)
( 2,584)
Talland Court Limited
471
471
Lazenbury Property (Lydia) Limited
405
405
--------
--------
---------
--------
T M Lazenbury Esq is the managing director and sole shareholder of Lazenbury Ltd. T M Lazenbury Esq is the managing director and sole director of Trevor Michael Lazenbury Limited. Mrs T Lazenbury is the managing director of Canterfield Ltd and owns eighty per cent of the issued voting share capital of the company. Trevor Michael Lazenbury Limited owns the remaining twenty per cent of the issued voting share capital of Canterfield Limited . NTL Enterprises Limited is a company under the control of the director's son. T M Lazenbury Esq is the managing director and sole director of Lazenbury Property (Bemisters & Park Parade) Limited. T M Lazenbury Esq is the managing director of Lazenbury Property (Lydia) Ltd and owns seventy five per cent of the issued voting share capital of the company. Miss L Lazenbury owns the remaining twenty five per cent of the issued voting share capital of Lazenbury Property (Lydia) Ltd.
9. Controlling party
The company was controlled throughout the year by Trevor Michael Lazenbury Limited. Trevor Michael Lazenbury Limited owns one hundred per cent of the issued share capital.