The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Broody London Limited is a private company limited by shares incorporated in England and Wales. The registered office is Biscuit Building, 10 Redchurch Street, London, E2 7DD.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Turnover represents amounts invoiced to clients, excluding sales taxes, for services provided.

Turnover for each type of revenue stream is recognised on the following basis:

•     Retainer fees are spread over the period of the contract on a straight-line basis, which approximates to when the work is performed.

•     Project fees are recognised over the period of the relevant assignment or agreements as activity progresses. For projects which fall over the financial period end, income is recognised to reflect the partial performance of the basis of the percentage completion of the job at the year end.

•     Pass-through fees are recognised when they are invoiced. Pass-through costs are charged to the statement of comprehensive income when the associated revenue is recognised so that nil profit and loss is made on pass-through costs.

Research expenditure is written off against profits in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated.

Investments in non-derivative instruments that are equity to the issuer are measured:

•     At fair value with changes recognised in the income statement if the shares are publicly traded or their fair value can otherwise be measured reliably;

•     At cost less impairment for all other investments.

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

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

During the year the company entered into the following transactions with related parties: