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REGISTERED NUMBER: 03681684 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 December 2021

for

Browns Estate Agency Limited

Browns Estate Agency Limited (Registered number: 03681684)






Contents of the Financial Statements
for the Year Ended 31 December 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Browns Estate Agency Limited

Company Information
for the Year Ended 31 December 2021







DIRECTORS: C G Brown
P F P Brown
S J Brown





SECRETARY: P F P Brown





REGISTERED OFFICE: 6 Innovation Court
Yarm Road
STOCKTON ON TEES
Cleveland
TS18 3DA





REGISTERED NUMBER: 03681684 (England and Wales)





ACCOUNTANTS: Clive Owen LLP
Chartered Accountants
140 Coniscliffe Road
DARLINGTON
Co Durham
DL3 7RT

Browns Estate Agency Limited (Registered number: 03681684)

Balance Sheet
31 December 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 25,234 21,360
Investments 5 30,873 30,507
56,107 51,867

CURRENT ASSETS
Stocks 1,750 1,750
Debtors 6 100,447 88,078
Cash at bank and in hand 205,003 222,821
307,200 312,649
CREDITORS
Amounts falling due within one year 7 163,132 191,214
NET CURRENT ASSETS 144,068 121,435
TOTAL ASSETS LESS CURRENT
LIABILITIES

200,175

173,302

CREDITORS
Amounts falling due after more than one
year

8

(34,098

)

(45,833

)

PROVISIONS FOR LIABILITIES 9 (11,418 ) (7,798 )
NET ASSETS 154,659 119,671

CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Revaluation reserve 23,155 29,765
Retained earnings 130,504 88,906
SHAREHOLDERS' FUNDS 154,659 119,671

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Browns Estate Agency Limited (Registered number: 03681684)

Balance Sheet - continued
31 December 2021


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 Board of Directors and authorised for issue on 16 June 2022 and were signed on its behalf by:





C G Brown - Director


Browns Estate Agency Limited (Registered number: 03681684)

Notes to the Financial Statements
for the Year Ended 31 December 2021

1. STATUTORY INFORMATION

Browns Estate Agency 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of the investments.

There were no material departures from that standard.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

Turnover
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 services.

Income Recognition
Income is recognised when a contract for the sale of goods or services is recognised as unconditional.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Office equipment - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on cost

Tangible fixed assets are measured at cost less accumulated depreciation and impairment.

Stocks
Stocks are valued at the lower of cost and estimated selling price less costs to sell.

Financial instruments
Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

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 that have been enacted or substantively enacted by the balance sheet date.


Browns Estate Agency Limited (Registered number: 03681684)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Investments
Investments in shares are included at fair value.

Government grants
Revenue based grants are credited to the profit and loss account on entitlement.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2020 - 20 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Office and Computer
property equipment fittings equipment Totals
£    £    £    £    £   
COST
At 1 January 2021 11,000 29,167 38,962 15,249 94,378
Additions - 906 - 6,876 7,782
At 31 December 2021 11,000 30,073 38,962 22,125 102,160
DEPRECIATION
At 1 January 2021 3,153 23,750 34,509 11,606 73,018
Charge for year 220 903 668 2,117 3,908
At 31 December 2021 3,373 24,653 35,177 13,723 76,926
NET BOOK VALUE
At 31 December 2021 7,627 5,420 3,785 8,402 25,234
At 31 December 2020 7,847 5,417 4,453 3,643 21,360

Browns Estate Agency Limited (Registered number: 03681684)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 January 2021 30,507
Revaluations 366
At 31 December 2021 30,873
NET BOOK VALUE
At 31 December 2021 30,873
At 31 December 2020 30,507

Cost or valuation at 31 December 2021 is represented by:

Other
investments
£   
Valuation in 2019 17,206
Valuation in 2020 13,301
Valuation in 2021 366
30,873

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 22,688 21,910
Other debtors 33,047 21,227
Prepayments and accrued income 44,712 44,941
100,447 88,078

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Other loans 11,232 4,167
Trade creditors 41,605 52,290
Taxation and social security 59,104 72,222
Other creditors 3,633 3,163
Directors' current accounts 13,375 13,375
Accruals and deferred income 34,183 45,997
163,132 191,214

Browns Estate Agency Limited (Registered number: 03681684)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2021 2020
£    £   
Other loans - 1-2 years 10,000 10,000
Other loans - 2-5 years 24,098 35,833
34,098 45,833

9. PROVISIONS FOR LIABILITIES
2021 2020
£    £   
Deferred tax 11,418 7,798

Deferred
tax
£   
Balance at 1 January 2021 7,798
Charge to Profit and Loss Account during year 3,620
Balance at 31 December 2021 11,418

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2021 2020
value: £    £   
800 Ordinary £1 800 800
200 'A' Ordinary Non-Voting £1 200 200
1,000 1,000

11. RELATED PARTY DISCLOSURES

2021 2020
£
Amounts due to directors 13,375 13,375

No interest was charged.