Brenrose Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06410806 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2019

FOR

BRENROSE LIMITED

Page

Company Information

1

Director's Responsibilities Statement

2

Independent Chartered Accountants' Review Report

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTOR:

Mr K Ganin

REGISTERED OFFICE:

c/o AKS Advisers

4th & 5th Floor

14-15 Lower Grosvenor Place

London

SW1W 0EX

REGISTERED NUMBER:

06410806 (England and Wales)

ACCOUNTANTS:

AKS Advisers

Fourth & Fifth Floors

14-15 Lower Grosvenor Place

London

SW1W 0EX

The following reproduces the text of the report prepared for the director and members in respect of

the company's annual unaudited financial statements. In accordance with the Companies Act 2006,

the company is only required to file a Balance Sheet. Readers are cautioned that the Income

Statement and certain other primary statements and the Report of the Director are not required to be

filed with the Registrar of Companies.

I confirm that as a director I have met my duty in accordance with the Companies Act 2006 to:

-	ensure that the company has kept proper accounting records;

-

prepare financial statements which give a true and fair view of the state of affairs of the company as at 31 December 2019 and of its profit for that period in accordance with United Kingdom Generally Accepted Accounting Practice, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'; and

-	follow the applicable accounting policies, subject to any material departures disclosed and explained in the notes to the financial statements.

Mr K Ganin - Director

8 December 2020

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

We have reviewed the financial statements of Brenrose Limited for the year ended 31 December 2019, which comprise the Income Statement, Balance Sheet and the related notes 1 to 0. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

This report is made solely to the company's director in accordance with the terms of our engagement letter dated 13 April 2017. Our review has been undertaken so that we might state to the director those matters that we have agreed with him in our engagement letter and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's director for our work, for this report or the conclusions we have formed.

Director's responsibility for the financial statements

As explained more fully in the Director's Responsibilities Statement set out on page nil, the director is

responsible for the preparation of the financial statements and for being satisfied that they give a true and fair

view.

Accountants' responsibility

Our responsibility is to express a conclusion based on our review of the financial statements. We conducted

our review in accordance with International Standard on Review Engagements (ISRE) 2400 (Revised),

'Engagements to review historical financial statements' and ICAEW Technical Release TECH 09/13AAF

'Assurance review engagements on historical financial statements'. ISRE 2400 also requires us to comply

with the ICAEW Code of Ethics.

Scope of the assurance review

A review of financial statements in accordance with ISRE 2400 (Revised) is a limited assurance engagement.

We have performed additional procedures to those required under a compilation engagement. These

primarily consist of making enquiries of management and others within the entity, as appropriate, applying

analytical procedures and evaluating the evidence obtained. The procedures performed in a review are

substantially less than those performed in an audit conducted in accordance with International Standards on

Auditing (UK and Ireland). Accordingly, we do not express an audit opinion on these financial statements.

Conclusion

Based on our review, nothing has come to our attention that causes us to believe that the financial statements have not been prepared:

-	so as to give a true and fair view of the state of the company's affairs as at 31 December 2019 and of its profit for the year then ended;

-	in accordance with United Kingdom Generally Accepted Accounting Practice, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'; and

-	in accordance with the requirements of the Companies Act 2006.

AKS Advisers

Fourth & Fifth Floors

14-15 Lower Grosvenor Place

London

SW1W 0EX

8 December 2020

FIXED ASSETS

Investments

4

1

15,617

CURRENT ASSETS

Debtors

5

21,442

349,939

Cash at bank

42,490

59,423

63,932

409,362

CREDITORS

Amounts falling due within one year

6

223,738

773,143

NET CURRENT LIABILITIES

(159,806

)

(363,781

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(159,805

)

(348,164

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(159,807

)

(348,166

)

(159,805

)

(348,164

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 December 2020 and were signed by:

Mr K Ganin - Director

1.	STATUTORY INFORMATION

Brenrose Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information

page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102

'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related

party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,

except to the extent that it relates to items recognised in other comprehensive income or directly in

equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been

enacted or substantively enacted by the balance sheet date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at

the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of

exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at

the operating result.

Going concern

As at the year end, the Statement of financial position for the Company showed liabilities were in

excess of assets by £380,043, compared to the previous year's position of liabilities being in excess of

assets by £348,164.

The company's director, taking into account the current economic conditions due to COVID-19, Brexit

and reasonable changes in trading performance, show that the company should be able to operate

within its current reserves level.

After considering all the factors, the director has a reasonable expectation that the company has

adequate resources to continue in operational existence for foreseeable future. For these reasons, the

company continues to adopt the going concern basis in preparing annual report and accounts.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2018 - NIL).

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2019

and 31 December 2019

15,617

PROVISIONS

Impairments

15,616

At 31 December 2019

15,616

NET BOOK VALUE

At 31 December 2019

1

At 31 December 2018

15,617

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.19

31.12.18

£

£

Trade debtors

-

152,063

Amounts owed by group undertakings

17,513

194,654

Other debtors

3,929

3,222

21,442

349,939

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.19

31.12.18

£

£

Trade creditors

220,238

536,417

Amounts owed to group undertakings

-

228,136

Other creditors

3,500

8,590

223,738

773,143

7.	ULTIMATE CONTROLLING PARTY

The Ultimate controlling party is Redberry Investments Limited, a company registered in British Virgin

Islands.