BRAM & COR INTERNATIONAL LIMITED

BRAM & COR INTERNATIONAL LIMITED - Company Information

2022-04-012023-03-312023-03-31false09485224BRAM & COR INTERNATIONAL LIMITED2023-10-13iso4217:GBPxbrli:pure094852242022-04-01094852242023-03-31094852242022-04-012023-03-31094852242021-04-01094852242022-03-31094852242021-04-012022-03-3109485224bus:SmallEntities2022-04-012023-03-3109485224bus:AuditExempt-NoAccountantsReport2022-04-012023-03-3109485224bus:FullAccounts2022-04-012023-03-3109485224bus:PrivateLimitedCompanyLtd2022-04-012023-03-3109485224core:WithinOneYear2023-03-3109485224core:AfterOneYear2023-03-3109485224core:WithinOneYear2022-03-3109485224core:AfterOneYear2022-03-3109485224core:ShareCapital2023-03-3109485224core:SharePremium2023-03-3109485224core:RevaluationReserve2023-03-3109485224core:OtherReservesSubtotal2023-03-3109485224core:RetainedEarningsAccumulatedLosses2023-03-3109485224core:ShareCapital2022-03-3109485224core:SharePremium2022-03-3109485224core:RevaluationReserve2022-03-3109485224core:OtherReservesSubtotal2022-03-3109485224core:RetainedEarningsAccumulatedLosses2022-03-3109485224core:LandBuildings2023-03-3109485224core:PlantMachinery2023-03-3109485224core:Vehicles2023-03-3109485224core:FurnitureFittings2023-03-3109485224core:OfficeEquipment2023-03-3109485224core:NetGoodwill2023-03-3109485224core:IntangibleAssetsOtherThanGoodwill2023-03-3109485224core:ListedExchangeTraded2023-03-3109485224core:UnlistedNon-exchangeTraded2023-03-3109485224core:LandBuildings2022-03-3109485224core:PlantMachinery2022-03-3109485224core:Vehicles2022-03-3109485224core:FurnitureFittings2022-03-3109485224core:OfficeEquipment2022-03-3109485224core:NetGoodwill2022-03-3109485224core:IntangibleAssetsOtherThanGoodwill2022-03-3109485224core:ListedExchangeTraded2022-03-3109485224core:UnlistedNon-exchangeTraded2022-03-3109485224core:LandBuildings2022-04-012023-03-3109485224core:PlantMachinery2022-04-012023-03-3109485224core:Vehicles2022-04-012023-03-3109485224core:FurnitureFittings2022-04-012023-03-3109485224core:OfficeEquipment2022-04-012023-03-3109485224core:NetGoodwill2022-04-012023-03-3109485224core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3109485224core:ListedExchangeTraded2022-04-012023-03-3109485224core:UnlistedNon-exchangeTraded2022-04-012023-03-3109485224core:MoreThanFiveYears2022-04-012023-03-3109485224core:Non-currentFinancialInstruments2023-03-3109485224core:Non-currentFinancialInstruments2022-03-3109485224dpl:CostSales2022-04-012023-03-3109485224dpl:DistributionCosts2022-04-012023-03-3109485224core:LandBuildings2022-04-012023-03-3109485224core:PlantMachinery2022-04-012023-03-3109485224core:Vehicles2022-04-012023-03-3109485224core:FurnitureFittings2022-04-012023-03-3109485224core:OfficeEquipment2022-04-012023-03-3109485224dpl:AdministrativeExpenses2022-04-012023-03-3109485224core:NetGoodwill2022-04-012023-03-3109485224core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3109485224dpl:GroupUndertakings2022-04-012023-03-3109485224dpl:ParticipatingInterests2022-04-012023-03-3109485224dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-3109485224core:ListedExchangeTraded2022-04-012023-03-3109485224dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-3109485224core:UnlistedNon-exchangeTraded2022-04-012023-03-3109485224dpl:CostSales2021-04-012022-03-3109485224dpl:DistributionCosts2021-04-012022-03-3109485224core:LandBuildings2021-04-012022-03-3109485224core:PlantMachinery2021-04-012022-03-3109485224core:Vehicles2021-04-012022-03-3109485224core:FurnitureFittings2021-04-012022-03-3109485224core:OfficeEquipment2021-04-012022-03-3109485224dpl:AdministrativeExpenses2021-04-012022-03-3109485224core:NetGoodwill2021-04-012022-03-3109485224core:IntangibleAssetsOtherThanGoodwill2021-04-012022-03-3109485224dpl:GroupUndertakings2021-04-012022-03-3109485224dpl:ParticipatingInterests2021-04-012022-03-3109485224dpl:GroupUndertakingscore:ListedExchangeTraded2021-04-012022-03-3109485224core:ListedExchangeTraded2021-04-012022-03-3109485224dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-04-012022-03-3109485224core:UnlistedNon-exchangeTraded2021-04-012022-03-3109485224core:NetGoodwill2023-03-3109485224core:IntangibleAssetsOtherThanGoodwill2023-03-3109485224core:LandBuildings2023-03-3109485224core:PlantMachinery2023-03-3109485224core:Vehicles2023-03-3109485224core:FurnitureFittings2023-03-3109485224core:OfficeEquipment2023-03-3109485224core:AfterOneYear2023-03-3109485224core:WithinOneYear2023-03-3109485224core:ListedExchangeTraded2023-03-3109485224core:UnlistedNon-exchangeTraded2023-03-3109485224core:ShareCapital2023-03-3109485224core:SharePremium2023-03-3109485224core:RevaluationReserve2023-03-3109485224core:OtherReservesSubtotal2023-03-3109485224core:RetainedEarningsAccumulatedLosses2023-03-3109485224core:NetGoodwill2022-03-3109485224core:IntangibleAssetsOtherThanGoodwill2022-03-3109485224core:LandBuildings2022-03-3109485224core:PlantMachinery2022-03-3109485224core:Vehicles2022-03-3109485224core:FurnitureFittings2022-03-3109485224core:OfficeEquipment2022-03-3109485224core:AfterOneYear2022-03-3109485224core:WithinOneYear2022-03-3109485224core:ListedExch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Registered Number
09485224
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2023

BRAM & COR INTERNATIONAL LIMITED

Company Information
for the year from 1 April 2022 to 31 March 2023


Directors	ADORNI, Enrica
	OPL, Claudio
	OPL, Karl


Registered Address	Linen Hall 162-168 Regent Street Room 252-254
	London
	W1B 5TB


Registered Number	09485224 (England and Wales)

BRAM & COR INTERNATIONAL LIMITED

Balance Sheet as at
31 March 2023

	Notes	2023		2022
		£	£	£	£
Fixed assets
Tangible assets	7		1,426		1,247
Investments	8		138,103		138,103
			139,529		139,350
Current assets
Debtors	9	31,278		19,196
Cash at bank and on hand		22,126		41,021
		53,404		60,217
Creditors amounts falling due within one year	10	(9,702)		(17,713)
Net current assets (liabilities)			43,702		42,504
Total assets less current liabilities			183,231		181,854
Creditors amounts falling due after one year	11		(16,000)		(16,000)
Net assets			167,231		165,854
Capital and reserves
Called up share capital			100		100
Profit and loss account			167,131		165,754
Shareholders' funds			167,231		165,854

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The directors have chosen to not file a copy of the company’s profit and loss account.

The financial statements were approved and authorised for issue by the Board of Directors on 13 October 2023, and are signed on its behalf by:

OPL, Claudio
Director
Registered Company No. 09485224

BRAM & COR INTERNATIONAL LIMITED

Notes to the Financial Statements
for the year ended 31 March 2023

1.	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	Compliance with applicable reporting framework
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

3.	Principal activities
	The principal activity of the company in the year under review was that of providing international assessment services to Pharmaceutical Industries and to Pharmaceutical Agencies assessing marketing contracts and creating sales networks.

4.	Basis of measurement used in financial statements
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

5.	Accounting policies

	Functional and presentation currency policy
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Property, plant and equipment policy
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

	Revenue recognition policy
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue recognition policy

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Taxation policy
	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.

	Foreign currency translation and operations policy
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation and operations policy

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Investments policy
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Investments policy

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

6.	Employee information


		2023		2022
	Average number of employees during the year	1		1

7.	Property, plant and equipment

	Office Equipment	Total
	£	£
Cost or valuation
At 01 April 22	8,781	8,781
Additions	1,523	1,523
At 31 March 23	10,304	10,304
Depreciation and impairment
At 01 April 22	7,534	7,534
Charge for year	1,344	1,344
At 31 March 23	8,878	8,878
Net book value
At 31 March 23	1,426	1,426
At 31 March 22	1,247	1,247

8.	Fixed asset investments

	Investments in groups¹	Total
	£	£
Cost or valuation
At 01 April 22	138,103	138,103
At 31 March 23	138,103	138,103
Net book value
At 31 March 23	138,103	138,103
At 31 March 22	138,103	138,103

	Notes
	¹Investments in group undertakings and participating interests

9.	Debtors

	2023	2022
	£	£
Trade debtors / trade receivables	18,536	18,496
Amounts owed by associates and joint ventures / participating interests	1,707	-
Other debtors	11,035	700
Total	31,278	19,196


	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

10.	Creditors within one year

	2023	2022
	£	£
Trade creditors / trade payables	-	1,273
Amounts owed to related parties	-	4,560
Taxation and social security	4,275	6,568
Other creditors	3,023	3,023
Accrued liabilities and deferred income	2,404	2,289
Total	9,702	17,713


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

11.	Creditors after one year

	2023	2022
	£	£
Amounts owed to related parties	16,000	16,000
Total	16,000	16,000