Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31truetruefalse2022-04-01No description of principal activity00The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07156089 2022-04-01 2023-03-31 07156089 2021-04-01 2022-03-31 07156089 2023-03-31 07156089 2022-03-31 07156089 c:Director1 2022-04-01 2023-03-31 07156089 d:Buildings 2022-04-01 2023-03-31 07156089 d:Buildings 2023-03-31 07156089 d:Buildings 2022-03-31 07156089 d:Buildings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 07156089 d:PlantMachinery 2022-04-01 2023-03-31 07156089 d:PlantMachinery 2023-03-31 07156089 d:PlantMachinery 2022-03-31 07156089 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 07156089 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 07156089 d:CurrentFinancialInstruments 2023-03-31 07156089 d:CurrentFinancialInstruments 2022-03-31 07156089 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 07156089 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 07156089 d:ShareCapital 2023-03-31 07156089 d:ShareCapital 2022-03-31 07156089 d:RetainedEarningsAccumulatedLosses 2023-03-31 07156089 d:RetainedEarningsAccumulatedLosses 2022-03-31 07156089 c:OrdinaryShareClass1 2022-04-01 2023-03-31 07156089 c:OrdinaryShareClass1 2023-03-31 07156089 c:OrdinaryShareClass1 2022-03-31 07156089 c:FRS102 2022-04-01 2023-03-31 07156089 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 07156089 c:FullAccounts 2022-04-01 2023-03-31 07156089 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 07156089 2 2022-04-01 2023-03-31 07156089 6 2022-04-01 2023-03-31 07156089 2 2023-03-31 07156089 2 2022-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 07156089










F W BROWN & CO (LINCS) LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

 
F W BROWN & CO (LINCS) LIMITED
REGISTERED NUMBER: 07156089

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
                                                                     Note
£
£

Fixed assets
  

Tangible assets
 4 
7,670,495
7,305,897

Investments
 5 
1
1

  
7,670,496
7,305,898

Current assets
  

Stocks
 6 
-
666,390

Debtors: amounts falling due within one year
 7 
26,430
105,366

Cash at bank and in hand
  
1,065,709
371,804

  
1,092,139
1,143,560

Creditors: amounts falling due within one year
 8 
(99,260)
(63,522)

Net current assets
  
 
 
992,879
 
 
1,080,038

Total assets less current liabilities
  
8,663,375
8,385,936

  

Net assets
  
8,663,375
8,385,936


Capital and reserves
  

Called up share capital 
 9 
39,355
39,355

Profit and loss account
  
8,624,020
8,346,581

  
8,663,375
8,385,936


The directors consider 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 directors acknowledge their 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.
 
Page 1

 
F W BROWN & CO (LINCS) LIMITED
REGISTERED NUMBER: 07156089
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023


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 profit and loss account 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: 




Juliet Catriona Spence Scurlock-Jones
Director

Date: 7 November 2023

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

Page 2

 
F W BROWN & CO (LINCS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

F W Brown & Co (Lincs) Limited (company number 07156089) is a private limited company, limited by shares, incorporated in England and Wales, with its registered office and principal place of business at Highway Farm, Peplow, Market Drayton, Shropshire, TF9 3JU.

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 comparative figures relate to the year ended 31 March 2022.

 
2.2

Exemption from preparing consolidated financial statements

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

 
2.3

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:

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Page 3

 
F W BROWN & CO (LINCS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.6

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.

Investment property rented to other group entities and accounted for under the cost model is stated at historical cost less accumulated depreciation and any accumulated impairment losses.

At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Land is not depreciated. Depreciation on other assets 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:

Freehold property and property improvements
-
not depreciated
Plant and machinery
-
50% straight line

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.

 
2.7

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.9

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.

Page 4

 
F W BROWN & CO (LINCS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.10

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.

 
2.11

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.

 
2.12

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 0 (2022 - 0).

Page 5

 
F W BROWN & CO (LINCS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Tangible fixed assets





Freehold property and property improvements
Plant and machinery
Total

£
£
£



Cost or valuation


At 1 April 2022
7,305,418
958
7,306,376


Additions
365,077
-
365,077



At 31 March 2023

7,670,495
958
7,671,453



Depreciation


At 1 April 2022
-
479
479


Charge for the year on owned assets
-
479
479



At 31 March 2023

-
958
958



Net book value



At 31 March 2023
7,670,495
-
7,670,495



At 31 March 2022
7,305,418
479
7,305,897

Page 6

 
F W BROWN & CO (LINCS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 1 April 2022
1



At 31 March 2023
1






Net book value



At 31 March 2023
1



At 31 March 2022
1


6.


Stocks

2023
2022
£
£

Stocks - work in progress
-
666,390

-
666,390



7.


Debtors

2023
2022
£
£


Trade debtors
12,406
5,000

Amounts owed by group undertakings
-
77,526

VAT repayable
290
938

Prepayments and accrued income
13,734
21,902

26,430
105,366


Page 7

 
F W BROWN & CO (LINCS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
34,095
62,647

Corporation tax
64,165
-

Accruals and deferred income
1,000
875

99,260
63,522



9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



39,355 (2022 - 39,355) Ordinary shares of £1.00 each
39,355
39,355


 
Page 8