Registration number: 8679027

Brabham Group Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Financial Statements	4 to 10

Brabham Group Limited

Company Information

Directors

P May D Brabham

Registered office

Innovations House 19 Staple Gardens Winchester Hampshire SO23 8SR

Accountants

Tax Innovations Limited Innovations House 19 Staple Gardens Winchester Hampshire SO23 8SR

Brabham Group Limited

(Registration number: 8679027)
Balance Sheet as at 30 September 2024

	Note	2024 £	2023 £
Fixed assets
Intangible assets	4	630,355	630,355
Tangible assets	5	1,390	1,690
		631,745	632,045
Current assets
Debtors	6	199,871	113,358
Cash at bank and in hand		5,618	13,743
		205,489	127,101
Creditors: Amounts falling due within one year	7	(94,461)	(85,924)
Net current assets		111,028	41,177
Total assets less current liabilities		742,773	673,222
Creditors: Amounts falling due after more than one year	7	(35,444)	(41,013)
Net assets		707,329	632,209
Capital and reserves
Called up share capital	8	100	100
Retained earnings		707,229	632,109
Shareholders' funds		707,329	632,209

For the financial year ending 30 September 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Brabham Group Limited

(Registration number: 8679027)
Balance Sheet as at 30 September 2024

Approved and authorised by the Board on 23 September 2025 and signed on its behalf by:
 

......................................... P May Director

Brabham Group Limited

Notes to the Financial Statements for the Year Ended 30 September 2024

1	General information

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

The address of its registered office is:
Innovations House
19 Staple Gardens
Winchester
Hampshire
SO23 8SR
England

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.

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.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Brabham Group Limited

Notes to the Financial Statements for the Year Ended 30 September 2024

Tax

The tax expense for the period comprises current 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.

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.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office equipment	33% straight line

Intangible assets

Intangible assets are stated in the balance sheet at cost, then revalued to market value if present.

The cost of intangible assets includes directly attributable incremental costs incurred in their acquisition.

Positive revaluations are to be recorded under the revaluation reserve on equity statement.
Negative revaluations are to be put against this revaluation reserve, but if none present then it should be recognised as an impairment loss on the profit and loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

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.

Brabham Group Limited

Notes to the Financial Statements for the Year Ended 30 September 2024

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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

4	Intangible assets

	Trademarks, patents and licences £	Total £
Cost or valuation
At 1 October 2023	739,921	739,921
At 30 September 2024	739,921	739,921
Amortisation

Brabham Group Limited

Notes to the Financial Statements for the Year Ended 30 September 2024

	Trademarks, patents and licences £	Total £
At 1 October 2023	109,566	109,566
At 30 September 2024	109,566	109,566
Carrying amount
At 30 September 2024	630,355	630,355
At 30 September 2023	630,355	630,355

Purchase of 8.5% of BRABHAM Trademark value was revalued in June 2023, before making an additional purchase from David Brabham regarding the same trademark. This has increased the percentage from 8.5% to 12.33% in June 2023.

5	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 October 2023	13,144	13,144
At 30 September 2024	13,144	13,144
Depreciation
At 1 October 2023	11,454	11,454
Charge for the year	300	300
At 30 September 2024	11,754	11,754
Carrying amount
At 30 September 2024	1,390	1,390
At 30 September 2023	1,690	1,690

6

Debtors

Current	Note	2024 £	2023 £
Trade debtors		72,757	21,552
Amounts owed by related parties	11	56,972	59,886
Other debtors		70,142	31,920
		199,871	113,358

Brabham Group Limited

Notes to the Financial Statements for the Year Ended 30 September 2024

7

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Loans and borrowings	9	968	-
Trade creditors		11,060	10,625
Amounts owed to group undertakings and undertakings in which the company has a participating interest	11	4,942	22,006
Taxation and social security		75,261	50,243
Accruals and deferred income		3,030	3,050
Other creditors		(800)	-
		94,461	85,924

Creditors: amounts falling due after more than one year

	Note	2024 £	2023 £
Due after one year
Loans and borrowings	9	35,444	41,013

8	Share capital

Allotted, called up and fully paid shares

	2024		2023
	No.	£	No.	£
Ordinary shares A of £1 each	77	77	77	77
Ordinary shares B of £1 each	15	15	15	15
Ordinary shares C of £1 each	5	5	5	5
Ordinary shares D of £1 each	1	1	1	1
Ordinary shares E of £1 each	1	1	1	1
Ordinary shares F of £1 each	1	1	1	1
	100	100	100	100

Brabham Group Limited

Notes to the Financial Statements for the Year Ended 30 September 2024

9	Loans and borrowings

Non-current loans and borrowings

	2024 £	2023 £
Bank borrowings	35,444	41,013

Current loans and borrowings

	2024 £	2023 £
Bank overdrafts	968	-

10

Dividends

Interim dividends paid

		2024 £		2023 £
Interim dividend of £920.00 (2023 - £1,724.00) per each Ordinary shares C		4,600		8,622
Interim dividend of £Nil per each Ordinary shares B		-		-
		4,600		8,622

11	Related party transactions

Transactions with directors

2024	At 1 October 2023 £	Advances to director £	Repayments by director £	At 30 September 2024 £
D Brabham
Director's loan account	(22,006)	51,926	-	29,920
P May
Director's loan account	58	-	(5,000)	(4,942)

Brabham Group Limited

Notes to the Financial Statements for the Year Ended 30 September 2024

2023	At 1 October 2022 £	Advances to director £	Repayments by director £	Other payments made to company by director £	At 30 September 2023 £
D Brabham
Director's loan account	18,534	155,381	-	(195,921)	(22,006)
P May
Director's loan account	(8,932)	9,000	(10)	-	58

Both loans are on a non-fixed repayment period at 0% interest. Note the £18,534 owed to the company will be cleared before 30th June 2023.