Agency Brazil Limited - Filleted accounts


AGENCY BRAZIL LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2025



































Company Registration Number: 04699184

AGENCY BRAZIL LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025


CONTENTS									PAGES



Company information									1

Balance sheet									2 to 3

Notes to the financial statements									4 to 10

AGENCY BRAZIL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025


DIRECTORS

Mr J R Van Raalte-Kaufman
Ms T Durkin


SECRETARY

Ms T Durkin


REGISTERED OFFICE

54 South Molton Street
Mayfair
London
W1K 5SG


COMPANY REGISTRATION NUMBER

04699184 England and Wales

AGENCY BRAZIL LIMITED

BALANCE SHEET
AS AT 31 MARCH 2025


	Notes	2025		2024
		£		£

FIXED ASSETS
Intangible assets	5		2,109		2,941
Tangible assets	6		6,291		8,604
Investments	7		1,610		1,610


			10,010		13,155

CURRENT ASSETS
Debtors	8	126,639		161,950
Cash at bank and in hand		72,073		118,510


		198,712		280,460

CREDITORS: Amounts falling due within one year	9	119,496		148,946
CREDITORS: Amounts falling due within one year


NET CURRENT ASSETS			79,216		131,514


TOTAL ASSETS LESS CURRENT LIABILITIES			89,226		144,669

CREDITORS: Amounts falling due after more than one year	10		6,061		42,425
CREDITORS: Amounts falling due after more than one year


NET ASSETS			83,165		102,244


CAPITAL AND RESERVES
Called up share capital			5		5
Distributable profit and loss account			83,061		102,140
Capital redemption reserve			99		99


SHAREHOLDERS' FUNDS			83,165		102,244

AGENCY BRAZIL LIMITED

BALANCE SHEET
AS AT 31 MARCH 2025


These accounts have been prepared and delivered in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A - small entities.

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

Members have not required the company to obtain an audit in accordance with section 476 of the Act.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

As permitted by S444 (5A) of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company’s Profit and Loss Account or Directors Report.


Signed on behalf of the board of directors




Mr J R Van Raalte-Kaufman						Ms T Durkin
Director						Director

Date approved by the board: 22 September 2025

AGENCY BRAZIL LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025


1	GENERAL INFORMATION

	Agency Brazil Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is:

	54 South Molton Street
	Mayfair
	London
	W1K 5SG

	The financial statements are presented in Sterling, which is the functional currency of the company.

2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

	Basis of preparation of financial statements

	These financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 Section 1A smaller entities 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' ('FRS 102') and the Companies Act 2006.

	Revenue recognition

	Turnover is measured at the fair value of consideration received or receivable. It is recognised in respect of public relation services as soon as there is a right to consideration and is determined by reference to the value of the work performed. Turnover is stated net of trade discounts and value added tax.

	The company recognises revenue when the amount of revenue can be measured reliably and when it is probable that future economic benefits will flow to the entity.


	Intangible fixed assets

	Intangible fixed assets, other than goodwill, are stated at cost less accumulated amortisation and any accumulated impairment losses. It is amortised on a straight-line basis over its useful economic life of 5 years.

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new expectations.

AGENCY BRAZIL LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025


2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)

	Tangible fixed assets

	Fixed assets are carried at cost less accumulated depreciation and accumulated impairment losses.

	Depreciation has been provided at the following rates so as to write off the cost or valuation of assets less residual value of the assets over their estimated useful lives.

	Office equipment					Straight line basis at 33.3% per annum
	Furniture and fittings					Straight line basis at 20% per annum
	Property improvements					Reducing balance basis at 25% per annum

	On disposal, the difference between the net disposal proceeds and the carrying amount of the item sold is recognised in the profit and loss account, and included within administrative expenses.

	Investments

	Investments in group undertakings are shown at cost less accumulated impairment losses.

	Financial Instruments

	A financial asset or financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

	The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

	Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss.

	Basic financial assets and financial liabilities are initially recognised at transaction price and measured at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction. They are subsequently carried at their amortised cost using the effective interest rate method, less any provision for impairment. If the effect of the time value of money is immaterial, they are measured at cost less impairment.

	Basic financial assets and liabilities which are measured at cost or amortised cost are reviewed for objective impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the profit and loss account immediately.

Any reversals of impairment are recognised in the profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset or liability which exceeds what the carrying amount would have been had the impairment loss not previously been recognised.


	Financing transactions are measured at the present value of the future receipts discounted at a market rate of interest. They are subsequently measured at amortised costs using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

AGENCY BRAZIL LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025


2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)

	Impairment of non-financial assets

	At each reporting date non-financial assets not carried at fair value, like goodwill and plant, property and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group of related assets (which is the higher of value in use and the fair value less cost to sell) is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in the profit and loss account.

	If an impairment loss is subsequently reversed, the carrying amount of the asset, or group of related assets, is increased to the revised estimate of its recoverable amount, but not to exceed the amount that would have been determined had no impairment loss been recognised for the asset, or group of related assets, in prior periods. A reversal of an impairment loss is recognised immediately in the profit and loss account.


	Debtors

Short term debtors are measured at transaction price, less any impairment.


	Creditors

	Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and subsequently at amortised cost.

	Leases

	Leases are classified as finance leases when they transfer substantially all the risks and rewards of ownership of the leased assets to the company. Other leases that do not transfer substantially all the risks and rewards of ownership of the leased assets to the company are classified as operating leases.

	Payments applicable to operating leases are charged against profit on a straight line basis over the lease term.

AGENCY BRAZIL LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025


2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)

	Taxation

	Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.

	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods based on current tax rates and laws. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.

	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other taxable profits.

	Deferred tax is measured using 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.

	Current and deferred tax assets and liabilities are not discounted.

	Pensions

	The company operates a defined contribution pension scheme. The amount charged to the profit and loss account in respect of pension costs and other post-retirement benefits is the amount payable in the year. Differences between contributions payable and contributions actually paid in the year are shown as either accruals or prepayments in the balance sheet.

3	CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS

	No significant accounting estimates and judgements have had to be made by the directors in preparing these financial statements.

4	EMPLOYEES

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

		2025	2024
	Average number of employees	6	9

AGENCY BRAZIL LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025


5	INTANGIBLE FIXED ASSETS
						Website
						£
	Cost
	At 1 April 2024					4,158


	At 31 March 2025					4,158


	Accumulated amortisation and impairments
	At 1 April 2024					1,217

	Charge for year					832


	At 31 March 2025					2,049


	Net book value
	At 1 April 2024					2,941


	At 31 March 2025					2,109


6	TANGIBLE ASSETS
		Office equipment	Furniture and fittings	Property improvements		Total
		£	£		£	£
	Cost
	At 1 April 2024	29,048	16,354		30,877	76,279

	Additions	1,461	-		1,521	2,982

	Disposals	(2,554)	-		-	(2,554)


	At 31 March 2025	27,955	16,354		32,398	76,707


	Accumulated depreciation and impairments
	At 1 April 2024	23,060	15,917		28,698	67,675

	Charge for year	3,493	303		748	4,544

	Disposals	(1,803)	-		-	(1,803)


	At 31 March 2025	24,750	16,220		29,446	70,416


	Net book value
	At 1 April 2024	5,988	437		2,179	8,604


	At 31 March 2025	3,205	134		2,952	6,291

AGENCY BRAZIL LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025


7	FIXED ASSET INVESTMENTS		Total other investments
			Total other investments
				£
	Cost
	At 1 April 2024			1,610


	At 31 March 2025			1,610


	Net book value
	At 1 April 2024			1,610


	At 31 March 2025			1,610


8	DEBTORS
		2025		2024
		£		£
	Trade debtors	43,107		52,801
	Prepayments and accrued income	7,181		9,083
	Other debtors	76,351		100,066


		126,639		161,950


9	CREDITORS: Amounts falling due within one year
		2025		2024
		£		£
	Bank loans and overdrafts	36,364		36,364
	Trade creditors	1,301		10,308
	Taxation and social security	63,985		54,666
	Accruals and deferred income	14,830		35,890
	Other creditors	3,016		11,718


		119,496		148,946


10	CREDITORS: Amounts falling due after more than one year
		2025		2024
		£		£
	Bank loans and overdrafts	6,061		42,425

AGENCY BRAZIL LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025


11	CONTINGENCIES AND COMMITMENTS

	Other Commitments

	Amounts falling due under operating leases:				2025	2024
					£	£
	In less than one year				10,000	-


12	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

	The following directors' advances, credits and guarantees took place during the year:

		Balance at 1 April 2024	Amounts advanced	Amounts repaid	Amounts written off or waived	Balance at 31 March 2025
		£	£	£	£	£
	Mr J R Van Raalte-Kaufman and Ms T Durkin	99,459	73,238	108,388	-	64,309

Interest has been charged on this advance at the Beneficial Loan Arrangement Official Rate as prescribed by HM Revenue and Customs. The advance is repayable on demand.