Acorah Software Products - Accounts Production 16.5.460 false true 31 December 2023 1 January 2023 true 1 January 2024 31 December 2024 31 December 2024 07205012 V Naumecs M L Glover Callidus Secretaries Limited iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07205012 2023-12-31 07205012 2024-12-31 07205012 2024-01-01 2024-12-31 07205012 frs-core:CurrentFinancialInstruments 2024-12-31 07205012 frs-core:Non-currentFinancialInstruments 2024-12-31 07205012 frs-core:ShareCapital 2024-12-31 07205012 frs-core:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 07205012 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 07205012 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 07205012 frs-bus:FullAccounts 2024-01-01 2024-12-31 07205012 frs-bus:SmallEntities 2024-01-01 2024-12-31 07205012 frs-bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 07205012 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 07205012 frs-bus:SmallCompaniesRegimeForDirectorsReport 2024-01-01 2024-12-31 07205012 frs-core:CostValuation 2023-12-31 07205012 frs-core:AdditionsToInvestments 2024-12-31 07205012 frs-core:CostValuation 2024-12-31 07205012 frs-core:ProvisionsForImpairmentInvestments 2023-12-31 07205012 frs-core:ProvisionsForImpairmentInvestments 2024-12-31 07205012 frs-bus:Director1 2024-01-01 2024-12-31 07205012 frs-bus:Director2 2024-01-01 2024-12-31 07205012 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 07205012 frs-countries:EnglandWales 2024-01-01 2024-12-31 07205012 2022-12-31 07205012 2023-12-31 07205012 2023-01-01 2023-12-31 07205012 frs-core:CurrentFinancialInstruments 2023-12-31 07205012 frs-core:Non-currentFinancialInstruments 2023-12-31 07205012 frs-core:ShareCapital 2022-12-31 07205012 frs-core:ShareCapital 2023-12-31 07205012 frs-core:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 07205012 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2022-12-31 07205012 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 07205012
BRW Brokers Holdings Limited
Directors' Report and
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Company Information 1
Directors' Report 2
Accountant's Report 3
Profit and Loss Account 4
Balance Sheet 5
Statement of Changes in Equity 6
Notes to the Financial Statements 7—8
Page 1
Company Information
Directors V Naumecs
M L Glover
Secretary Callidus Secretaries Limited
Company Number 07205012
Registered Office Dawson House
5 Jewry Street
London
EC3N 2EX
Accountants MJL Accountancy Ltd
Pantiles Chambers
85 High Street
Tunbridge Wells
TN1 1XP
Page 1
Page 2
Directors' Report
The directors present their report and the financial statements for the year ended 31 December 2024.
Principal Activity
The company's principal activity continues to be that of a holding company.
Dividends
Dividends of £30,000 were declared during the year. As at the year-end, £8,097 remains unpaid. 
Directors
The directors who held office during the year were as follows:
V Naumecs
M L Glover
Statement of Directors' Responsibilities
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the directors are required to: 
  • select suitable accounting policies and then apply them consistently;
  • make judgments and accounting estimates that are reasonable and prudent;
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
On behalf of the board
V Naumecs
Director
28 August 2025
Page 2
Page 3
Accountant's Report
Chartered Accountant's report to the directors on the preparation of the unaudited statutory accounts of BRW Brokers Holdings Limited for the year ended 31 December 2024
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of BRW Brokers Holdings Limited for the year ended 31 December 2024 which comprise 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 to us.
As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the directors of BRW Brokers Holdings Limited , as a body, in accordance with the terms of our engagement letter dated 24 April 2024. Our work has been undertaken solely to prepare for your approval the accounts of BRW Brokers Holdings Limited and state those matters that we have agreed to state to the directors of BRW Brokers Holdings Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than BRW Brokers Holdings Limited and its directors, as a body, for our work or for this report.
It is your duty to ensure that BRW Brokers Holdings Limited 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 or loss of BRW Brokers Holdings Limited . You consider that BRW Brokers Holdings Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of BRW Brokers Holdings Limited . 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 financial statements.
28 August 2025
MJL Accountancy Ltd
Pantiles Chambers
85 High Street
Tunbridge Wells
TN1 1XP
Page 3
Page 4
Profit and Loss Account
2024 2023
Notes £ £
Administrative expenses (2,482 ) (1,487 )
OPERATING LOSS (2,482 ) (1,487 )
Profit on disposal of fixed asset investments - 3,249
Other interest receivable and similar income 5,338 2,545
Interest payable and similar charges (11,998 ) (3,673 )
(LOSS)/PROFIT BEFORE TAXATION (9,142 ) 634
Tax on (Loss)/profit - (120 )
(LOSS)/PROFIT AFTER TAXATION BEING (LOSS)/PROFIT FOR THE FINANCIAL YEAR (9,142 ) 514
The notes on pages 7 to 8 form part of these financial statements.
Page 4
Page 5
Balance Sheet
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investments 4 62,052 61,952
62,052 61,952
CURRENT ASSETS
Debtors 5 127,374 160,547
Cash at bank and in hand 24,609 31,599
151,983 192,146
Creditors: Amounts Falling Due Within One Year 6 (21,854 ) (22,775 )
NET CURRENT ASSETS (LIABILITIES) 130,129 169,371
TOTAL ASSETS LESS CURRENT LIABILITIES 192,181 231,323
Creditors: Amounts Falling Due After More Than One Year 7 (60,000 ) (60,000 )
NET ASSETS 132,181 171,323
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 132,081 171,223
SHAREHOLDERS' FUNDS 132,181 171,323
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
On behalf of the board
V Naumecs
Director
28 August 2025
The notes on pages 7 to 8 form part of these financial statements.
Page 5
Page 6
Statement of Changes in Equity
Share Capital Profit and Loss Account Total
£ £ £
As at 1 January 2023 100 257,784 257,884
Profit for the year and total comprehensive income - 514 514
Dividends paid - (87,075) (87,075)
As at 31 December 2023 and 1 January 2024 100 171,223 171,323
Loss for the year and total comprehensive income - (9,142 ) (9,142)
Dividends paid - (30,000) (30,000)
As at 31 December 2024 100 132,081 132,181
Page 6
Page 7
Notes to the Financial Statements
1. General Information
BRW Brokers Holdings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07205012 . The registered office is Dawson House, 5 Jewry Street, London, EC3N 2EX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.3. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Investments
Subsidiaries Associates Total
£ £ £
Cost or Valuation
As at 1 January 2024 60,001 1,951 61,952
Additions 100 - 100
As at 31 December 2024 60,101 1,951 62,052
Provision
As at 1 January 2024 - - -
As at 31 December 2024 - - -
Net Book Value
As at 31 December 2024 60,101 1,951 62,052
As at 1 January 2024 60,001 1,951 61,952
Page 7
Page 8
The company owns:
a) 100% of BRW Brokers Limited, a company incorporated in England. The loss for the year after taxation was £257,415 (2023: £317,565) and the aggregate share capital and reserves were £532,101 (2023:£789,516).
b) 100% of Whitecap Aerospace Partners Limited, a company incorporated in England. The entity has not traded in the year and the aggregate share capital and reserves were £1 at the year end.
c) 100% of Whitecap Holdings Limited, a company incorporated in England. The entity has not traded in the year and the aggregate share capital and reserves were £100 at the year end.
d) 45% of Whitecap Underwriting Europe s.r.o, a company incorporated in the Czech Republic. The profit for the year after taxation was £31,715 (2023: £3,365) and the aggregate share capital and reserves were £86,763 (2023: £57,470).
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 127,374 160,547
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax - 120
Other creditors 4,438 4,338
Accruals and deferred income 9,237 18,317
Amounts owed to subsidiaries 8,179 -
21,854 22,775
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Directors loan account 60,000 60,000
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 8