COMPANY REGISTRATION NUMBER:
10122049
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Brennan Industries of Europe Limited |
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Filleted Financial Statements |
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Brennan Industries of Europe Limited |
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Statement of Financial Position |
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31 December 2025
Fixed assets
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Investments |
4 |
|
1,791,041 |
1,791,041 |
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|
|
|
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Current assets
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Debtors |
5 |
226,125 |
|
218,580 |
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|
|
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|
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Creditors: amounts falling due within one year |
6 |
4,400 |
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4,400 |
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--------- |
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--------- |
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Net current assets |
|
221,725 |
214,180 |
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------------ |
------------ |
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Total assets less current liabilities |
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2,012,766 |
2,005,221 |
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------------ |
------------ |
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Net assets |
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2,012,766 |
2,005,221 |
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------------ |
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Capital and reserves
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Called up share capital |
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1 |
1 |
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Profit and loss account |
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2,012,765 |
2,005,220 |
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------------ |
------------ |
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Shareholders funds |
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2,012,766 |
2,005,221 |
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------------ |
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These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements were approved by the
board of directors
and authorised for issue on
16 June 2026
, and are signed on behalf of the board by:
Company registration number:
10122049
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Brennan Industries of Europe Limited |
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Notes to the Financial Statements |
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Year ended 31 December 2025
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Brennan Industries UK, 50 Wharf Approach, Walsall, WS9 8BX.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 388 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4.
Investments
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Shares in group undertakings |
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£ |
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Cost |
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At 1 January 2025 and 31 December 2025 |
1,791,041 |
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------------ |
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Impairment |
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At 1 January 2025 and 31 December 2025 |
– |
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------------ |
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Carrying amount |
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At 31 December 2025 |
1,791,041 |
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------------ |
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At 31 December 2024 |
1,791,041 |
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5.
Debtors
|
2025 |
2024 |
|
£ |
£ |
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Amounts owed by group undertakings and undertakings in which the company has a participating interest |
226,124 |
218,579 |
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Other debtors |
1 |
1 |
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--------- |
--------- |
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226,125 |
218,580 |
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--------- |
--------- |
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6.
Creditors:
amounts falling due within one year
|
2025 |
2024 |
|
£ |
£ |
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Other creditors |
4,400 |
4,400 |
|
------- |
------- |
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JPMorgan Chase Bank, N.A. holds a fixed and floating charge over all the property or undertaking of the company and a negative pledge made by the company, dated 25 May 2023.
7.
Summary audit opinion
The auditor's report dated
16 June 2026
was
unqualified
.
The senior statutory auditor was
Russell Eley FCCA
, for and on behalf of
Xeinadin Audit Limited
.
8.
Ethical standards
In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.
9.
Controlling party
The immediate parent company is Brennan Industries Inc, registered office: 6701, Cochran Road, Solon, Ohio, 44139, United States.