Brokbridge Ltd
Unaudited Financial Statements
For the year ended 31 March 2026
Pages for Filing with Registrar
Company Registration No. 11634980 (England and Wales)
Brokbridge Ltd
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 7
Brokbridge Ltd
Balance Sheet
As at 31 March 2026
Page 1
2026
2025
Notes
£
£
£
£
Fixed assets
Intangible assets
3
-
0
7,921
Investments
4
169,742
57,799
169,742
65,720
Current assets
Stock
295
21,471
Debtors
6
91,206
206,562
Cash at bank and in hand
829,680
349,464
921,181
577,497
Creditors: amounts falling due within one year
7
(423,765)
(146,747)
Net current assets
497,416
430,750
Net assets
667,158
496,470
Capital and reserves
Called up share capital
8
5,000
5,000
Profit and loss reserves
662,158
491,470
Total equity
667,158
496,470

For the financial year ended 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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

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

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

The financial statements were approved and signed by the director and authorised for issue on 7 August 2026
O Grytsenko
Director
Company Registration No. 11634980
Brokbridge Ltd
Notes to the Financial Statements
For the year ended 31 March 2026
Page 2
1
Accounting policies
Company information

Brokbridge Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Cumberland Court, 80 Mount Street, Nottingham, Nottinghamshire, England, NG1 6HH.

1.1
Accounting convention

These financial statements have been prepared in accordance with Section 1A of 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.2
Going concern

A true t the time of approving the financial statements, t he director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

1.4
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Software development costs under construction
Nil amortisation
Brokbridge Ltd
Notes to the Financial Statements (Continued)
For the year ended 31 March 2026
1
Accounting policies
(Continued)
Page 3

Intangible assets are derecognised on disposal or when no future economic benefits are expected from their use. Any gain or loss arising on derecognition, being the difference between the net disposal proceeds (if any) and the carrying amount of the asset, is recognised in the profit and loss account.

1.5
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and

subsequently measured at cost less any accumulated impairment losses. The investments are assessed

for impairment at each reporting date and any impairment losses or reversals of impairment losses are

recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and

operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a

long-term interest and where the company has significant influence. The company considers that it has

significant influence where it has the power to participate in the financial and operating decisions of the

associate.

Entities in which the company has a long term interest and shares control under a contractual

arrangement are classified as jointly controlled entities.

1.6
Stock

Stock are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stock to their present location and condition.

Stock held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stock over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Brokbridge Ltd
Notes to the Financial Statements (Continued)
For the year ended 31 March 2026
1
Accounting policies
(Continued)
Page 4
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.10
Taxation

The tax expense represents the sum of the tax currently payable.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

1.11
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

Brokbridge Ltd
Notes to the Financial Statements (Continued)
For the year ended 31 March 2026
Page 5
2
Employees

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

2026
2025
Number
Number
Total
1
1
3
Intangible fixed assets
Software development costs under construction
£
Cost
At 1 April 2025
7,921
Disposals
(7,921)
At 31 March 2026
-
0
Amortisation and impairment
At 1 April 2025 and 31 March 2026
-
0
Carrying amount
At 31 March 2026
-
0
At 31 March 2025
7,921

During the year, the c ompany terminated its software development contract. Consequently, the capitalised software development costs associated with the project were derecognised and recognised as a loss on disposal. Accordingly, no intangible asset relating to software development was recognised at the year end

4
Fixed asset investments
2026
2025
£
£
Shares in group undertakings and participating interests
169,742
57,799
Brokbridge Ltd
Notes to the Financial Statements (Continued)
For the year ended 31 March 2026
4
Fixed asset investments
(Continued)
Page 6
Movements in fixed asset investments
Shares in subsidiaries
£
Cost or valuation
At 1 April 2025
57,799
Additions
109,947
Valuation changes
1,996
At 31 March 2026
169,742
Carrying amount
At 31 March 2026
169,742
At 31 March 2025
57,799
5
Subsidiaries

Details of the company's subsidiaries at 31 March 2026 are as follows:

Name of undertaking
Registered office
Class of
% Held
shares held
Direct
Hangang Global Trading LLC
7th Floor, 14, Eonju 134-gil, Gangnam-gu, Seoul (ES Tower)
Ordinary
100
6
Debtors
2026
2025
Amounts falling due within one year:
£
£
Trade debtors
43,640
186,125
Other debtors
43,115
15,230
Prepayments and accrued income
4,451
5,207
91,206
206,562
7
Creditors: amounts falling due within one year
2026
2025
£
£
Trade creditors
359,790
71,726
Corporation tax
58,695
68,442
Other creditors
5,280
6,579
423,765
146,747
Brokbridge Ltd
Notes to the Financial Statements (Continued)
For the year ended 31 March 2026
Page 7
8
Called up share capital
2026
2025
2026
2025
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
5,000
5,000
5,000
5,000
9
Related party transactions

Brokbridge LLC is a company with a common director and shareholder.

Included within trade debtors is an amount due from Brokbridge LLC of £113,559 (2025: amount due to Brokbridge LLC of £60,308). Sales of £1,2 78,492 (202 5: £1,237,930) were made to Brokbridge LLC during the year.

Included within other debtors is an amount of £42,465 (2025: £712) due from Hangang Global Trading LLC, a subsidiary of Brokbridge Ltd.

Included within trade creditors at the balance sheet date is £7,682 (202 5: £1 0,273) owed to Brokbridge LLC. Purchases of £88,911 (202 5: £35,492) were made during the year.

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