Brathmor Ventures Ltd - Accounts to registrar (filleted) - small 18.2

Brathmor Ventures Ltd - Accounts to registrar (filleted) - small 18.2

BRATHMOR VENTURES LTD - Company Information

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REGISTERED NUMBER: 08650028 (England and Wales)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2020

FOR

BRATHMOR VENTURES LTD
BRATHMOR VENTURES LTD (REGISTERED NUMBER: 08650028)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2020










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 5

BRATHMOR VENTURES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2020







DIRECTOR: Dr A Moussavi





REGISTERED OFFICE: Garden Flat
67 Hammersmith Grove
London
W6 0NE





REGISTERED NUMBER: 08650028 (England and Wales)





ACCOUNTANTS: KBSP Partners LLP
Chartered Accountants
Harben House
Harben Parade
Finchley Road
LONDON
NW3 6LH
Page 1
BRATHMOR VENTURES LTD (REGISTERED NUMBER: 08650028)

BALANCE SHEET
31 AUGUST 2020

2020 2019
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,838 1,701
Investments 5 25,000 25,000
26,838 26,701

CURRENT ASSETS
Debtors 6 8,179 15,431
Cash at bank 24,332 23,947
32,511 39,378
CREDITORS
Amounts falling due within one year 7 3,153 2,714
NET CURRENT ASSETS 29,358 36,664
TOTAL ASSETS LESS CURRENT LIABILITIES 56,196 63,365

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 56,096 63,265
SHAREHOLDERS' FUNDS 56,196 63,365

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2020 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 May 2021 and were signed by:





Dr A Moussavi - Director


The notes form part of these financial statements

Page 2
BRATHMOR VENTURES LTD (REGISTERED NUMBER: 08650028)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2020


1. STATUTORY INFORMATION

Brathmor Ventures Ltd 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.

Fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - 25% on reducing balance

Fixed asset investments are shown at Cost, less any permanent diminution in the value of the investment.

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade debtors and creditors and loans from banks.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - 1 ) .

Page 3 continued...
BRATHMOR VENTURES LTD (REGISTERED NUMBER: 08650028)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2020


4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 September 2019 1,295 5,121 6,416
Additions - 727 727
At 31 August 2020 1,295 5,848 7,143
DEPRECIATION
At 1 September 2019 1,116 3,599 4,715
Charge for year 89 501 590
At 31 August 2020 1,205 4,100 5,305
NET BOOK VALUE
At 31 August 2020 90 1,748 1,838
At 31 August 2019 179 1,522 1,701

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 September 2019
and 31 August 2020 25,000
NET BOOK VALUE
At 31 August 2020 25,000
At 31 August 2019 25,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Other debtors 7,500 7,500
Tax 679 7,931
8,179 15,431

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Trade creditors 360 -
Tax 905 905
Other creditors - 30
Directors' current accounts 737 529
Accrued expenses 1,151 1,250
3,153 2,714

Page 4
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
BRATHMOR VENTURES LTD


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.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Brathmor Ventures Ltd for the year ended 31 August 2020 which comprise the Profit and Loss Account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Brathmor Ventures Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Brathmor Ventures Ltd and state those matters that we have agreed to state to the director of Brathmor Ventures Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Brathmor Ventures Ltd and its director for our work or for this report.

It is your duty to ensure that Brathmor Ventures Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Brathmor Ventures Ltd. You consider that Brathmor Ventures Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Brathmor Ventures Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






KBSP Partners LLP
Chartered Accountants
Harben House
Harben Parade
Finchley Road
LONDON
NW3 6LH


26 May 2021

This page does not form part of the statutory financial statements

Page 5