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Company Registration No. 10459443 (England and Wales)
BRAZZLE CANVEY ISLAND LIMITED Unaudited accounts for the year ended 31 December 2024
BRAZZLE CANVEY ISLAND LIMITED Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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BRAZZLE CANVEY ISLAND LIMITED Company Information for the year ended 31 December 2024
Director
Mr Huw Wardrope
Company Number
10459443 (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 CANVEY ISLAND LIMITED Statement of financial position as at 31 December 2024
2024
2023
Notes
£
£
Fixed assets
Intangible assets
4
4,000
6,000
Tangible assets
5
36,974
66,233
40,974
72,233
Current assets
Debtors
6
120,578
60,755
Cash at bank and in hand
1,543
10,932
122,121
71,687
Creditors: amounts falling due within one year
7
(376,927)
(323,068)
Net current liabilities
(254,806)
(251,381)
Total assets less current liabilities
(213,832)
(179,148)
Creditors: amounts falling due after more than one year
8
(245,874)
(265,326)
Net liabilities
(459,706)
(444,474)
Capital and reserves
Called up share capital
101
101
Profit and loss account
(459,807)
(444,575)
Shareholders' funds
(459,706)
(444,474)
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. 10459443
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BRAZZLE CANVEY ISLAND LIMITED Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
BRAZZLE CANVEY ISLAND LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10459443. 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 lease term
Fixtures & fittings
20% Straight Line
Intangible fixed assets
Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 5 years. For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.
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BRAZZLE CANVEY ISLAND LIMITED Notes to the Accounts for the year ended 31 December 2024
4
Intangible fixed assets
Goodwill
£
Cost
At 1 January 2024
35,000
At 31 December 2024
35,000
Amortisation
At 1 January 2024
29,000
Charge for the year
2,000
At 31 December 2024
31,000
Net book value
At 31 December 2024
4,000
At 31 December 2023
6,000
5
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 January 2024
286,188
20,770
306,958
At 31 December 2024
286,188
20,770
306,958
Depreciation
At 1 January 2024
222,507
18,218
240,725
Charge for the year
28,619
640
29,259
At 31 December 2024
251,126
18,858
269,984
Net book value
At 31 December 2024
35,062
1,912
36,974
At 31 December 2023
63,681
2,552
66,233
6
Debtors
2024
2023
£
£
Amounts falling due within one year
Trade debtors
62,690
115
Amounts due from group undertakings etc.
40,915
49,338
Accrued income and prepayments
6,973
1,302
Other debtors
10,000
10,000
120,578
60,755
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BRAZZLE CANVEY ISLAND LIMITED Notes to the Accounts for the year ended 31 December 2024
7
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
32,555
35,187
VAT
58,735
35,800
Trade creditors
39,544
25,712
Taxes and social security
34,919
21,521
Loans from directors
211,174
197,417
Accruals
-
7,431
376,927
323,068
8
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans
58,979
74,449
Amounts owed to group undertakings and other participating interests
186,895
190,677
Other creditors
-
200
245,874
265,326
9
Transactions with related parties
At the balance sheet date the company owed to/from companies under common control. The loans are interest free and repayable on demand. Amount owed to Brazzle Finance Ltd - £186,895 Amount receivable from Brazzle Ltd - £40,915
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 4 (2023: 4).
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