Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-312022-04-01falsetrueNo description of principal activity11falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08402887 2022-04-01 2023-03-31 08402887 2021-04-01 2022-03-31 08402887 2023-03-31 08402887 2022-03-31 08402887 c:Director1 2022-04-01 2023-03-31 08402887 d:PlantMachinery 2022-04-01 2023-03-31 08402887 d:MotorVehicles 2022-04-01 2023-03-31 08402887 d:MotorVehicles 2023-03-31 08402887 d:MotorVehicles 2022-03-31 08402887 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 08402887 d:CurrentFinancialInstruments 2023-03-31 08402887 d:CurrentFinancialInstruments 2022-03-31 08402887 d:Non-currentFinancialInstruments 2023-03-31 08402887 d:Non-currentFinancialInstruments 2022-03-31 08402887 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 08402887 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 08402887 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 08402887 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 08402887 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 08402887 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-03-31 08402887 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 08402887 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-03-31 08402887 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-03-31 08402887 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-03-31 08402887 d:ShareCapital 2023-03-31 08402887 d:ShareCapital 2022-03-31 08402887 d:RetainedEarningsAccumulatedLosses 2023-03-31 08402887 d:RetainedEarningsAccumulatedLosses 2022-03-31 08402887 c:FRS102 2022-04-01 2023-03-31 08402887 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 08402887 c:FullAccounts 2022-04-01 2023-03-31 08402887 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 08402887 d:HirePurchaseContracts d:WithinOneYear 2023-03-31 08402887 d:HirePurchaseContracts d:WithinOneYear 2022-03-31 08402887 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-03-31 08402887 d:HirePurchaseContracts d:BetweenOneFiveYears 2022-03-31 08402887 2 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 08402887










BROWNS PROPERTY MAINTENANCE LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
BROWNS PROPERTY MAINTENANCE LIMITED
REGISTERED NUMBER: 08402887

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
29,017
-

  
29,017
-

Current assets
  

Debtors: amounts falling due within one year
 5 
2,300
3,996

Cash at bank and in hand
 6 
3,488
17,461

  
5,788
21,457

Creditors: amounts falling due within one year
 7 
(21,679)
(27,566)

Net current liabilities
  
 
 
(15,891)
 
 
(6,109)

Total assets less current liabilities
  
13,126
(6,109)

Creditors: amounts falling due after more than one year
 8 
(51,342)
(45,022)

  

Net liabilities
  
(38,216)
(51,131)


Capital and reserves
  

Called up share capital 
  
200
200

Profit and loss account
  
(38,416)
(51,331)

  
(38,216)
(51,131)


Page 1

 
BROWNS PROPERTY MAINTENANCE LIMITED
REGISTERED NUMBER: 08402887
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 



D M Brown
Director

Date: 19 October 2023

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
BROWNS PROPERTY MAINTENANCE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Browns Property Maintenance Limited is a private company limited by shares incorporated in England and Wales, registration number 08402887.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
BROWNS PROPERTY MAINTENANCE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)


2.3
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
20%
Motor vehicles
-
15%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

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 the Statement of comprehensive income.

For financial assets measured at amortised cost, the impairment loss is measured as the difference
Page 4

 
BROWNS PROPERTY MAINTENANCE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)


2.6
Financial instruments (continued)

between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

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.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.9

Interest income

Interest income is recognised in the Statement of comprehensive income using the effective interest method.

 
2.10

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).

Page 5

 
BROWNS PROPERTY MAINTENANCE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Tangible fixed assets





Motor vehicles

£



Cost or valuation


At 1 April 2022
23,805


Additions
32,588


Disposals
(23,805)



At 31 March 2023

32,588



Depreciation


At 1 April 2022
23,805


Charge for the year on owned assets
3,571


Disposals
(23,805)



At 31 March 2023

3,571



Net book value



At 31 March 2023
29,017



At 31 March 2022
-

Page 6

 
BROWNS PROPERTY MAINTENANCE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Debtors

2023
2022
£
£


Other debtors
2,300
3,996

2,300
3,996



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
3,488
17,461

3,488
17,461



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
5,160
5,160

Amounts owed to related parties
6,640
-

Other taxation and social security
3,012
5,978

Obligations under finance lease and hire purchase contracts
4,020
3,291

Other creditors
1,125
11,415

Accruals and deferred income
1,722
1,722

21,679
27,566


Bank loans are provided in respect of the Coronavirus support system and are government backed.


8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
34,483
38,222

Net obligations under finance leases and hire purchase contracts
16,859
6,800

51,342
45,022


Bank loans are provided in respect of the Coronavirus support system and are government backed.

Page 7

 
BROWNS PROPERTY MAINTENANCE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
5,160
5,160


5,160
5,160

Amounts falling due 1-2 years

Bank loans
5,160
5,160


5,160
5,160

Amounts falling due 2-5 years

Bank loans
15,480
15,480


15,480
15,480

Amounts falling due after more than 5 years

Bank loans
13,843
17,582

13,843
17,582

39,643
43,382



10.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2023
2022
£
£


Within one year
4,020
3,291

Between 1-5 years
16,859
6,800

20,879
10,091


11.


Controlling party

The ultimate controlling party is D M Brown.

 
Page 8