Braveno Ltd
Unaudited Financial Statements
For the year ended 30 June 2024
Pages for Filing with Registrar
Company Registration No. 10038838 (England and Wales)
Braveno Ltd
Company Information
Directors
T Bernard
K Hansen
M Groennebaek
Company number
10038838
Registered office
6th Floor
9 Appold Street
London
EC2A 2AP
Braveno Ltd
Contents
Page
Balance sheet
1
Notes to the financial statements
3 - 6
Braveno Ltd
Balance Sheet
As at 30 June 2024
Page 1
2024
2023
Notes
£
£
£
£
Current assets
Debtors
4
4,519
3
Cash at bank and in hand
8,671
156,483
13,190
156,486
Creditors: amounts falling due within one year
5
(5,000)
(18,739)
Net current assets
8,190
137,747
Capital and reserves
Called up share capital
6
63
63
Share premium account
1,177,742
1,177,742
Profit and loss reserves
(1,169,615)
(1,040,058)
Total equity
8,190
137,747

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 period ended 30 June 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 25 June 2025 and are signed on its behalf by:
M Groennebaek
Director
Company Registration No. 10038838
Braveno Ltd
Statement of Changes in Equity
For the year ended 30 June 2024
Page 2
Share capital
Share premium account
Profit and loss reserves
Total
£
£
£
£
Balance at 1 July 2022
63
1,177,742
(686,253)
491,552
Year ended 30 June 2023:
Loss and total comprehensive income for the year
-
-
(353,805)
(353,805)
Balance at 30 June 2023
63
1,177,742
(1,040,058)
137,747
Year ended 30 June 2024:
Loss and total comprehensive income for the year
-
-
(129,557)
(129,557)
Balance at 30 June 2024
63
1,177,742
(1,169,615)
8,190
Braveno Ltd
Notes to the Financial Statements
For the year ended 30 June 2024
Page 3
1
Accounting policies
Company information

Braveno Ltd is a private company limited by shares, domiciled and incorporated in England and Wales. The registered office is 6th Floor, 9 Appold Street, London, EC2A 2AP.

1.1
Accounting convention

These financial statements have been prepared in accordance with Section 1A of 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 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.

1.2
Going concern

The company has net trueassets of £8,190 (2023: £137,747) at 30 June 2024. The company is reliant upon the support of its directors and investors in order to be able to continue to trade and settle its liabilities as they fall due.

 

The directors will continue to support the company for a period of at least 12 months from the date of these financial statements and hence the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

Braveno Ltd
Notes to the Financial Statements (Continued)
For the year ended 30 June 2024
1
Accounting policies
(Continued)
Page 4
1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers
3 years straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Financial instruments

Basic financial instruments are measured at cost. The company has no other financial instruments or basic financial instruments measured at fair value.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

1.8
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
3
3
Braveno Ltd
Notes to the Financial Statements (Continued)
For the year ended 30 June 2024
Page 5
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2023 and 30 June 2024
5,189
Depreciation and impairment
At 1 July 2023 and 30 June 2024
5,189
Carrying amount
At 30 June 2024
-
0
At 30 June 2023
-
0
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
4,519
3
5
Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
-
13,739
Accruals and deferred income
5,000
5,000
5,000
18,739
6
Called up share capital
2024
2023
£
£
Ordinary share capital
Issued and fully paid
83,021,540 (2023: 83,021,540) A Ordinary shares of 0.000001 euros
63
83
63
63
Braveno Ltd
Notes to the Financial Statements (Continued)
For the year ended 30 June 2024
Page 6
7
Related party transactions

Included within debtors is a balance of £4,519 (2023: £11,099CR) due from the directors of the company.

8
Parent company

The controlling interest in the company is held by M Groennebaek by virtue of his majority shareholding.

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