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Company Registration No. 09588477 (England and Wales)
BRAZZLE FINANCE LTD Unaudited accounts for the year ended 31 December 2024
BRAZZLE FINANCE LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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BRAZZLE FINANCE LTD Company Information for the year ended 31 December 2024
Director
Mr Huw Wardrope
Company Number
09588477 (England and Wales)
Registered Office
Unit 501 70 Wapping Wall Metropolitan Wharf Building London E1W 3SS United Kingdom
Accountants
London Accounting Firm 95 Middlesex Street London E1 7DA
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BRAZZLE FINANCE LTD Statement of financial position as at 31 December 2024
2024
2023
Notes
£
£
Fixed assets
Tangible assets
5
55,912
73,487
Current assets
Debtors
6
282,045
267,477
Cash at bank and in hand
(3,059)
(55,246)
278,986
212,231
Creditors: amounts falling due within one year
7
(267,334)
(230,388)
Net current assets/(liabilities)
11,652
(18,157)
Total assets less current liabilities
67,564
55,330
Creditors: amounts falling due after more than one year
8
(79,840)
(73,982)
Net liabilities
(12,276)
(18,652)
Capital and reserves
Share premium
1
1
Profit and loss account
(12,277)
(18,653)
Shareholders' funds
(12,276)
(18,652)
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 18 December 2025 and were signed on its behalf by
Mr Huw Wardrope Director Company Registration No. 09588477
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BRAZZLE FINANCE LTD Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
BRAZZLE FINANCE LTD is a private company, limited by shares, registered in England and Wales, registration number 09588477. The registered office is Unit 501, 70 Wapping Wall, Metropolitan Wharf Building, London, E1W 3SS, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Over the remaining term of the lease
Plant & machinery
20% straight line
Fixtures & fittings
15% straight line
Computer equipment
15% straight line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Government grants
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received. A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.
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BRAZZLE FINANCE LTD Notes to the Accounts for the year ended 31 December 2024
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Intangible fixed assets
Other
£
Cost
At 1 January 2024
25,000
At 31 December 2024
25,000
Amortisation
At 1 January 2024
25,000
At 31 December 2024
25,000
Net book value
At 31 December 2024
-
5
Tangible fixed assets
Land & buildings
Plant & machinery
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 January 2024
203,933
147,009
350,942
At 31 December 2024
203,933
147,009
350,942
Depreciation
At 1 January 2024
127,628
149,827
277,455
Charge for the year
20,393
-
20,393
On disposals
-
(2,818)
(2,818)
At 31 December 2024
148,021
147,009
295,030
Net book value
At 31 December 2024
55,912
-
55,912
At 31 December 2023
76,305
(2,818)
73,487
6
Debtors
2024
2023
£
£
Amounts falling due within one year
Trade debtors
9,037
5,655
Other debtors
18,901
17,320
27,938
22,975
Amounts falling due after more than one year
Amounts due from group undertakings etc.
254,107
244,502
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BRAZZLE FINANCE LTD Notes to the Accounts for the year ended 31 December 2024
7
Creditors: amounts falling due within one year
2024
2023
£
£
VAT
34,033
34,000
Trade creditors
71,630
41,970
Taxes and social security
26,092
20,616
Other creditors
-
6,448
Loans from directors
133,579
120,154
Accruals
2,000
7,200
267,334
230,388
8
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans
79,840
69,982
Accruals
-
4,000
79,840
73,982
9
Transactions with related parties
At the balance sheet date the company was owed £254,107 (2023 - £244,502) under common control. The loans are interest free and payable on demand. At the balance sheet date the company owed the director £133,579.
10
Controlling party
The immediate parent company is Brazzle Holdings Limited and the ultimate controlling party is Mr H Wardrope.
11
Average number of employees
During the year the average number of employees was 5 (2023: 5).
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