Brothorn Group Limited - Period Ending 2017-04-30

Brothorn Group Limited

Annual Report and Unaudited Abridged Financial Statements

Year Ended 30 April 2017

Brothorn Group Limited

Abridged Balance Sheet

30 April 2017

Registration Number: 08051025

	Note	2017 £	2016 £
Fixed assets
Intangible assets	3	1	1
Investments		4	4
		5	5
Current assets
Cash at bank and in hand		100	100
Creditors: Amounts falling due within one year		(1)	(1)
Net current assets		99	99
Net assets		104	104
Capital and reserves
Called up share capital		104	104
Total equity		104	104

For the financial year ending 30 April 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 2 August 2017
and signed on its behalf by:



 

D Brooks

Director

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Brothorn Group Limited

Notes to the Abridged Financial Statements

Year Ended 30 April 2017

1	General information

The company is a private company limited by share capital incorporated in England and Wales.

The address of its registered office is:
22 Guinness Road Trading Estate
Guinness Road
Trafford Park
Manchester
M17 1SB

These financial statements were authorised for issue by the Board on 2 August 2017.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention.

Exemption from preparing group accounts

The company has taken advantage of the exemption in section 398 of the Companies Act 2006 from the requirement to prepare consolidated financial statements, on the grounds that it is a small sized group.

Fixed asset investments

Fixed asset investments are stated at historical cost less provision for any diminution in value.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Share capital

Ordinary shares are classified as equity.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

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Brothorn Group Limited

Notes to the Abridged Financial Statements

Year Ended 30 April 2017

3	Intangible assets

	Total £
Cost or valuation
At 1 May 2016	1
At 30 April 2017	1
Carrying amount
At 30 April 2017	1
At 30 April 2016	1

4	Investments

	Total £
Cost or valuation
At 1 May 2016	4
At 30 April 2017	4
Carrying amount
At 30 April 2017	4
At 30 April 2016	4

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking	Country of incorporation	Holding	Proportion of voting rights and shares held
			2017	2016
Subsidiary undertakings
Perfume Click Limited	England and Wales	Ordinary	100%	100%
Beauty Fort Limited	England and Wales	Ordinary	100%	100%

The principal activity of Perfume Click Limited is that of an online retailer.

The principal activity of Beauty Fort Limited is that of an online retailer.

The profit for the financial period of Perfume Click Limited was £646,844 and the aggregate amount of capital and reserves at the end of the period was £242,472.

The profit for the financial period of Beauty Fort Limited was £61,082 and the aggregate amount of capital and reserves at the end of the period was £37,038.

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Brothorn Group Limited

Notes to the Abridged Financial Statements

Year Ended 30 April 2017

5	Related party transactions

The company has taken advantage of the exemption, as provided by FRS 102 section 33, from disclosing transactions between wholly owned members of the group.

Transactions with directors

Dividends paid to directors

	2017 £	2016 £
Current year interim dividends paid	450,000	688,000

6	Transition to FRS 102

These are the company's first financial statements prepared in accordance with FRS 102. The accounting policies in note 2 have been applied in preparing the financial statements for the year ended 30 April 2017 and the comparative information presented in these financial statements for the year ended 30 April 2016. No adjustments arose on transition from UK GAAP to FRS 102.

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