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Registered number: 15172344
Brainstorm Holdings Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Accountants' Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—5
Page 1
Accountants' Report
Chartered Accountants' report to the directors on the preparation of the unaudited statutory accounts of Brainstorm Holdings Ltd for the year ended 31 March 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Brainstorm Holdings Ltd for the year ended 31 March 2025 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 firm 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 Brainstorm Holdings Ltd , as a body, in accordance with the terms of our engagement letter dated 20 June 2025. Our work has been undertaken solely to prepare for your approval the accounts of Brainstorm Holdings Ltd and state those matters that we have agreed to state to the directors of Brainstorm Holdings Ltd , 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 Brainstorm Holdings Ltd and its directors, as a body, for our work or for this report.
It is your duty to ensure that Brainstorm Holdings 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 or loss of Brainstorm Holdings Ltd . You consider that Brainstorm Holdings Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of Brainstorm Holdings 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 financial statements.
15 September 2025
LTL Accounting Limited
11 Severn Court
Morecambe
LA3 3ST
Page 1
Page 2
Balance Sheet
Registered number: 15172344
31 March 2025 31 March 2024
Notes £ £ £ £
FIXED ASSETS
Investments 4 4,663,668 4,663,668
4,663,668 4,663,668
CURRENT ASSETS
Debtors 5 70 -
70 -
Creditors: Amounts Falling Due Within One Year 6 (452,112 ) (452,112 )
NET CURRENT ASSETS (LIABILITIES) (452,042 ) (452,112 )
TOTAL ASSETS LESS CURRENT LIABILITIES 4,211,626 4,211,556
Creditors: Amounts Falling Due After More Than One Year 7 (2,532,543 ) (2,536,973 )
NET ASSETS 1,679,083 1,674,583
CAPITAL AND RESERVES
Called up share capital 8 369 360
Share premium account 4,491 -
Other reserves 1,498,973 1,498,973
Profit and Loss Account 175,250 175,250
SHAREHOLDERS' FUNDS 1,679,083 1,674,583
Page 2
Page 3
For the year ending 31 March 2025 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Miss J Greenwood
Director
11 September 2025
The notes on pages 4 to 5 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Brainstorm Holdings Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 15172344 . The registered office is Brainstorm Upbrooks, Lincoln Way, Clitheroe, Lancashire, BB7 1QG.
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. Going Concern Disclosure
At the time of approving the financial statements, notwithstanding net current liabilities of £452,042, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
2.3. Fixed Asset Investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are
recognised immediately in profit or loss.
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a longterm interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.
Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.
2.4. Reporting Period
The previous reporting period covered the period from incorporation on 28 September 2023 to 31 March 2024. As such, the comparatives and related notes are not entirely comparable.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
4. Investments
Subsidiaries
£
Cost or Valuation
As at 1 April 2024 4,663,668
As at 31 March 2025 4,663,668
Provision
As at 1 April 2024 -
As at 31 March 2025 -
Net Book Value
As at 31 March 2025 4,663,668
As at 1 April 2024 4,663,668
Page 4
Page 5
5. Debtors
31 March 2025 31 March 2024
£ £
Due within one year
Other debtors 70 -
6. Creditors: Amounts Falling Due Within One Year
31 March 2025 31 March 2024
£ £
Other creditors 452,112 452,112
7. Creditors: Amounts Falling Due After More Than One Year
31 March 2025 31 March 2024
£ £
Amounts owed to group undertakings 1,326,805 879,123
Other creditors 1,205,738 1,657,850
2,532,543 2,536,973
8. Share Capital
31 March 2025 31 March 2024
£ £
Allotted, Called up and fully paid 369 360
9. Related Party Transactions
The company has taken advantage of an exemption available under FRS 102 Section 33 “Related Party Disclosures” from disclosing transactions with other wholly-owned members of the group.
Page 5