Brou Limited Filleted accounts for Companies House (small and micro)

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COMPANY REGISTRATION NUMBER: 07995301

Brou Limited

Filleted Unaudited Financial Statements

31 January 2022

Brou Limited

Financial Statements

Year ended 31 January 2022

Contents	Page

Statement of financial position	1

Notes to the financial statements	2

Brou Limited

Statement of Financial Position

31 January 2022

	2022	2021
Note	£	£

Current assets

Debtors	5	–	23,806
Cash at bank and in hand		261	243
		----	--------
		261	24,049

Creditors: amounts falling due within one year	6	6,128	50,003
		-------	--------
Net current liabilities		5,867	25,954
		-------	--------
Total assets less current liabilities		( 5,867)	( 25,954)
		-------	--------
Net liabilities		( 5,867)	( 25,954)
		-------	--------

Capital and reserves

Called up share capital	100	100
Profit and loss account	( 5,967)	( 26,054)
	-------	--------
Shareholders deficit	( 5,867)	( 25,954)
	-------	--------

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 income and retained earnings has not been delivered.

For the year ending 31 January 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The 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 Act 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 26 October 2022 , and are signed on behalf of the board by:

Mr R M Lefever
Director

Company registration number: 07995301

Brou Limited

Notes to the Financial Statements

Year ended 31 January 2022

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Camburgh House, 27 New Dover Road, Canterbury, Kent, CT1 3DN, United Kingdom.

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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity. Going Concern These accounts have been prepared on a going concern basis as the Director believes that the company is able to meet its debts as they fall due for at least the next 12 months.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

4. Employee numbers

The average number of persons employed by the company during the period amounted to 1 (2021: 1).

5. Debtors

	2022	2021
	£	£
Amounts owed by group undertakings	–	23,806
	----	--------

6. Creditors: amounts falling due within one year

	2022	2021
	£	£
Amounts owed to group undertakings	–	47,963
Corporation tax	4,088	–
Other creditors	2,040	2,040
	-------	--------
	6,128	50,003
	-------	--------

7. Related party transactions

At the year end the company was owed £22,266 (2021: £23,806) by group companies. At the year end the company owed £48,363 (2021: £47,963) to group companies. The group of companies has provided security in relation to personal loans to the director by way of fixed and floating charges over each company's assets and undertakings.

8. Controlling party

The company is controlled by P.R.A.C. Ltd, a company incorporated in England and Wales. The address of the registered office is Camburgh House, 27 New Dover Road, Canterbury, Kent, CT1 3DN.