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Registration number: 11711722

Brandon Schubert Ltd
Annual Report and Unaudited Financial Statements
for the Year Ended 31 December 2024

Brandon Schubert Ltd

Contents

Company Information | 1
Directors' Report | 2
Accountants' Report | 3
Profit and Loss Account | 4
Balance Sheet | 5
Statement of Changes in Equity | 6
Notes to the Unaudited Financial Statements | 7 to 10

Brandon Schubert Ltd

Company Information

Directors | Mr BB Schubert Mr WJ Carter

Registered office | 33C Downside Crescent London NW3 2AN

Accountants | Julie Brierley Avesta Accounting 60 The Marlowes London NW8 6NA

Brandon Schubert Ltd

Directors' Report for the Year Ended 31 December 2024

The directors present their report and the financial statements for the year ended 31 December 2024.

Directors of the company

The directors who held office during the year were as follows:

Mr BB Schubert

Mr WJ Carter

Principal activity

The principal activity of the company is interior design.

Small companies provision statement

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.

Approved and authorised by the Board on 18 September 2025 and signed on its behalf by:

......................................... Mr BB Schubert Director

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Brandon Schubert Ltd
for the Year Ended 31 December 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Brandon Schubert Ltd for the year ended 31 December 2024 as set out on pages 4 to 10 from the company's accounting records and from information and explanations you have given us.

As a practising member of the Association of Accounting Technicians, we are subject to its ethical and other professional requirements which are detailed at https://www.aat.org.uk/about-aat/professional-ethics.

This report is made solely to the Board of Directors of Brandon Schubert Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Brandon Schubert Ltd and state those matters that we have agreed to state to the Board of Directors of Brandon Schubert Ltd, as a body. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Brandon Schubert Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Brandon Schubert 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 loss of Brandon Schubert Ltd. You consider that Brandon Schubert 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 Brandon Schubert 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.

......................................
Julie Brierley
Avesta Accounting
60 The Marlowes
London
NW8 6NA

18 September 2025

Brandon Schubert Ltd

Profit and Loss Account for the Year Ended 31 December 2024

| Note | 2024 £ | 2023 £
Turnover |  | 558,946 | 822,744
Cost of sales |  | (739,973) | (768,474)
Gross (loss)/profit |  | (181,027) | 54,270
Administrative expenses |  | (133,033) | (180,022)
Operating loss |  | (314,060) | (125,752)
Other interest receivable and similar income |  | 879 | 18
Loss before tax | 4 | (313,181) | (125,734)
Tax on loss |  | 1,174 | 24,462
Loss for the financial year |  | (312,007) | (101,272)

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

Brandon Schubert Ltd

(Registration number: 11711722)
Balance Sheet as at 31 December 2024

| Note | 2024 £ | 2023 £
Fixed assets |  |  |
Tangible assets | 6 | 1,497 | 8,144
Current assets |  |  |
Stocks | 7 | 41,334 | 43,157
Debtors | 8 | 8,039 | 38,771
Cash at bank and in hand |  | 13,729 | 156,605
|  | 63,102 | 238,533
Creditors: Amounts falling due within one year | 9 | (146,967) | (15,865)
Net current (liabilities)/assets |  | (83,865) | 222,668
Total assets less current liabilities |  | (82,368) | 230,812
Provisions for liabilities |  | (374) | (1,548)
Net (liabilities)/assets |  | (82,742) | 229,264
Capital and reserves |  |  |
Called up share capital | 10 | 2 | 2
Retained earnings |  | (82,744) | 229,262
Shareholders' (deficit)/funds |  | (82,742) | 229,264

For the financial 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.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have 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.

Approved and authorised by the Board on 18 September 2025 and signed on its behalf by:

......................................... Mr BB Schubert Director

Brandon Schubert Ltd

Statement of Changes in Equity for the Year Ended 31 December 2024

| Share capital £ | Retained earnings £ | Total £
At 1 January 2024 | 2 | 229,263 | 229,265
Loss for the year | - | (312,007) | (312,007)
At 31 December 2024 | 2 | (82,744) | (82,742)

| Share capital £ | Retained earnings £ | Total £
At 1 January 2023 | 2 | 380,534 | 380,536
Loss for the year | - | (101,272) | (101,272)
Dividends | - | (50,000) | (50,000)
At 31 December 2023 | 2 | 229,262 | 229,264

Brandon Schubert Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1 | General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
33C Downside Crescent
London
NW3 2AN
England

These financial statements were authorised for issue by the Board on 18 September 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Brandon Schubert Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
The company has moved from a depreciation policy of 25% reducing balance to 25% straight line. This has resulted in a higher depreciation charge this year.
Plant and machinery etc. 25% straight line.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:
Other intangible assets 3 years straight line

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2023 - 4).

4 | Loss before tax

Arrived at after charging/(crediting)

| 2024 £ | 2023 £
Depreciation expense | 6,647 | 2,715
Amortisation expense | - | 500

Brandon Schubert Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

5 | Intangible assets

Cost or valuation
Amortisation
Carrying amount
At 31 December 2024

6 | Tangible assets

| Furniture, fittings and equipment £ | Total £
Cost or valuation
At 1 January 2024 | 19,377 | 19,377
At 31 December 2024 | 19,377 | 19,377
Depreciation
At 1 January 2024 | 11,233 | 11,233
Charge for the year | 6,647 | 6,647
At 31 December 2024 | 17,880 | 17,880
Carrying amount
At 31 December 2024 | 1,497 | 1,497
At 31 December 2023 | 8,144 | 8,144

7 | Stocks

| 2024 £ | 2023 £
Other inventories | 41,334 | 43,157

8 | Debtors

Current | 2024 £ | 2023 £
Other debtors | 8,039 | 38,771
| 8,039 | 38,771

9 | Creditors

Creditors: amounts falling due within one year

Brandon Schubert Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

| 2024 £ | 2023 £
Due within one year |  |
Trade creditors | 4,086 | 1,605
Taxation and social security | - | 2,662
Accruals and deferred income | 1,550 | 1,500
Other creditors | 141,331 | 10,098
| 146,967 | 15,865

10 | Share capital

Allotted, called up and fully paid shares

| 2024 | 2023
| No. | £ | No. | £
Ordinary shares A shares of £0.01 each of £0.01 each | 150 | 1.50 | 150 | 1.50
Ordinary shares B shares of £0.01 each of £0.01 each | 50 | 0.50 | 50 | 0.50
| 200 | 2.00 | 200 | 2.00