Company registration number 04459742 (England and Wales)
THE BRIGHTER GROUP LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
THE BRIGHTER GROUP LIMITED
COMPANY INFORMATION
Directors
Ms C Bowman-Boyles
Mr N Finn
Mr P Finn
Ms D K Flynn
Ms D Merriam
Company number
04459742
Registered office
1st Floor Bentima House
168-172 Old Street
London
EC1V 9BP
Auditor
Kirk Rice LLP
Zeeta House
200 Upper Richmond Road
Putney
London
SW15 2SH
THE BRIGHTER GROUP LIMITED
CONTENTS
Page
Statement of financial position
1
Notes to the financial statements
2 - 5
THE BRIGHTER GROUP LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Current assets
Debtors
4
1,565,162
1,572,444
Cash at bank and in hand
2,976
32,252
1,568,138
1,604,696
Creditors: amounts falling due within one year
5
(306,248)
(315,992)
Net current assets
1,261,890
1,288,704
Creditors: amounts falling due after more than one year
6
(4,297)
(15,106)
Net assets
1,257,593
1,273,598
Capital and reserves
Called up share capital
1,000
1,000
Other reserves
213,330
213,330
Profit and loss reserves
1,043,263
1,059,268
Total equity
1,257,593
1,273,598

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

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 12 June 2025 and are signed on its behalf by:
Mr P Finn
Director
Company registration number 04459742 (England and Wales)
THE BRIGHTER GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 2 -
1
Accounting policies
Company information

The Brighter Group Limited is a private company limited by shares incorporated in England and Wales. The registered office is 1st Floor Bentima House, 168-172 Old Street, London, EC1V 9BP.

1.1
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.

1.2
Going concern

The company has sufficient liquid resources to continue as a going concern for the foreseeable future and the directors believe the company will be able to meet its liabilities as they fall due for at least twelve months from the date of approval of these financial statements.true Therefore the financial statements have been prepared on a going concern basis.

1.3
Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

 

Rendering of services

 

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

 

 

 

 

1.4
Cash and cash equivalents

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.

1.5
Financial instruments

Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the financial instrument.

THE BRIGHTER GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 3 -
Debtors

Debtors do not carry interest and are stated at their nominal value. Appropriate allowances for estimated irrecoverable amounts are recognised in the Profit and Loss account when there is objective evidence that the asset is impaired.

Creditors

Creditors are not interest bearing and are included at their nominal value.

1.6
Retirement benefits

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations. The contributions are recognised as an expense in the Statement of Income and Retained Earnings when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

1.7
Foreign exchange

Functional and presentation currency

 

The company's functional and presentational currency is GBP.

 

Transactions and balances

 

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

 

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the statement of income and retained earnings except when deferred in other comprehensive income as qualifying cash flow hedges.

 

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in the statement of income and retained earnings within 'other operating income'.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

THE BRIGHTER GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 4 -
3
Employees

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

2024
2023
Number
Number
Total
-
0
-
0

All employees of the company have been transferred to Finn Partners Limited.

4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
9,000
45,120
Amounts owed by group undertakings
1,548,889
1,527,324
Other debtors
7,273
-
0
1,565,162
1,572,444
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
10,332
10,077
Trade creditors
372
-
0
Amounts owed to group undertakings
294,524
294,524
Taxation and social security
1,020
5,180
Other creditors
-
0
6,211
306,248
315,992
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
4,297
15,106
7
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

THE BRIGHTER GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
7
Audit report information
(Continued)
- 5 -
Senior Statutory Auditor:
David Forinton
Statutory Auditor:
Kirk Rice LLP
Date of audit report:
13 June 2025
8
Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge in respect of this scheme amounted to £1,375 (2023: £4,124) and contributions totaling £nil (2023: £nil) were payable to the fund at the balance sheet date and are included in other creditors.

9
Related party transactions

The company has taken advantage of the exemptions in paragraph 1AC.35 of FRS102 and has not disclosed transactions with wholly owned members of the group.

10
Ultimate controlling party

At 31 December 2024, the company's immediate parent undertaking was Finn Partners Limited, a company registered in England and Wales.

 

The company's ultimate parent undertaking is Finn Partners Inc., a company incorporated in the United States of America. The company is controlled by P Finn.

 

The smallest group undertaking for which consolidated financial statements are prepared, which include the company, is Finn Partners Holdings Limited. Its registered office is 1st Floor, Bentima House, 168-172 Old Street, London, United Kingdom, EC1V 9BP.

 

The largest group undertaking for which consolidated financial statements are prepared, which include the company, is Finn Partners Inc. Its registered office is 301 East 57th Street, New York, NY 10022.

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