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Registered Number: 06161684
England and Wales

 

 

 

BRW ASSET MANAGEMENT LTD



Abridged Accounts
 


Period of accounts

Start date: 01 October 2023

End date: 30 September 2024
Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts BRW Asset Management Ltd for the year ended 30 September 2024.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of BRW Asset Management Ltd for the year ended 30 September 2024 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Chartered Institute of Management Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.cimaglobal.com.

This report is made solely to the Board of Directors of BRW Asset Management Ltd , as a body, in accordance with the terms of our engagement letter dated 27 June 2025. Our work has been undertaken solely to prepare for your approval the accounts of BRW Asset Management Ltd and state those matters that we have agreed to state to the Board of Directors of BRW Asset Management Ltd, as a body, in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than BRW Asset Management Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that BRW Asset Management Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit BRW Asset Management Ltd. You consider that BRW Asset Management 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 accounts of BRW Asset Management 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 accounts.



Mayfair Associates London Ltd

69 Banstead Road
Carshalton
Surrey
SM5 3NP
27 June 2025
1
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 82,000    82,000 
Investments 4 6,248    6,248 
88,248    88,248 
Current assets      
Cash at bank and in hand 2,173    3,252 
Creditors: amount falling due within one year (41,682)   (42,266)
Net current assets (39,509)   (39,014)
 
Total assets less current liabilities 48,739    49,234 
Net assets 48,739    49,234 
 

Capital and reserves
     
Called up share capital 6    6 
Profit and loss account 48,733    49,228 
Shareholders' funds 48,739    49,234 
 


For the year ended 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 27 June 2025 and were signed by:


-------------------------------
S Tomkins
Director
2
General Information
BRW Asset Management Ltd is a private company, limited by shares, registered in England and Wales, registration number 06161684, registration address 69 Banstead Road, Carshalton, Surrey, SM5 3NP.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the income statement on a straight line basis.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using 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.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Current and deferred tax assets and liabilities are not discounted.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and Buildings 25% Reducing Balance
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.

2.

Average number of employees

Average number of employees during the year was 0 (2023 : 0).
3.

Tangible fixed assets

Cost or valuation Land and Buildings   Total
  £   £
At 01 October 2023 82,000    82,000 
Additions  
Disposals  
At 30 September 2024 82,000    82,000 
Depreciation
At 01 October 2023  
Charge for year  
On disposals  
At 30 September 2024  
Net book values
Closing balance as at 30 September 2024 82,000    82,000 
Opening balance as at 01 October 2023 82,000    82,000 


4.

Investments

Cost Other investments other than loans   Total
  £   £
At 01 October 2023 6,248    6,248 
Additions  
Transfer to/from tangible fixed assets  
Disposals  
At 30 September 2024 6,248    6,248 

3