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REGISTERED NUMBER: 08781042 (England and Wales)











ALEX BROWN REAL ESTATE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH NOVEMBER 2022






ALEX BROWN REAL ESTATE LIMITED (REGISTERED NUMBER: 08781042)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2022










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


ALEX BROWN REAL ESTATE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH NOVEMBER 2022







DIRECTORS: A J G Brown
Mrs C E Brown





REGISTERED OFFICE: 20 Eversley Road
Bexhill-on-Sea
East Sussex
TN40 1HE





REGISTERED NUMBER: 08781042 (England and Wales)





ACCOUNTANTS: Gibbons Mannington & Phipps LLP
Chartered Accountants
20 Eversley Road
Bexhill-on-Sea
East Sussex
TN40 1HE

ALEX BROWN REAL ESTATE LIMITED (REGISTERED NUMBER: 08781042)

BALANCE SHEET
30TH NOVEMBER 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,980 61

CURRENT ASSETS
Debtors 5 163,119 -

CREDITORS
Amounts falling due within one year 6 126,462 35,800
NET CURRENT ASSETS/(LIABILITIES) 36,657 (35,800 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

39,637

(35,739

)

CREDITORS
Amounts falling due after more than one
year

7

(38,065

)

(42,882

)

PROVISIONS FOR LIABILITIES (745 ) -
NET ASSETS/(LIABILITIES) 827 (78,621 )

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 727 (78,721 )
SHAREHOLDERS' FUNDS 827 (78,621 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2022 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.

ALEX BROWN REAL ESTATE LIMITED (REGISTERED NUMBER: 08781042)

BALANCE SHEET - continued
30TH NOVEMBER 2022


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 Income Statement has not been delivered.

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





Mrs C E Brown - Director


ALEX BROWN REAL ESTATE LIMITED (REGISTERED NUMBER: 08781042)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2022


1. STATUTORY INFORMATION

Alex Brown Real Estate 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - 33% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 have been enacted or substantively enacted by the balance sheet date.

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.

ALEX BROWN REAL ESTATE LIMITED (REGISTERED NUMBER: 08781042)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2022


2. ACCOUNTING POLICIES - continued

Grant income recognition
Grant income has been recognised under the performance model.

Grants that do not specify any future performance-related conditions are recorded when the grant proceeds are received or receivable. Any grant that imposes specified future performance-related conditions is recognised only when the performance-related conditions are met. Grants received before the revenue recognition criteria are satisfied are recognised as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st December 2021 - 1,544 1,544
Additions 2,180 1,947 4,127
At 30th November 2022 2,180 3,491 5,671
DEPRECIATION
At 1st December 2021 - 1,483 1,483
Charge for year 545 663 1,208
At 30th November 2022 545 2,146 2,691
NET BOOK VALUE
At 30th November 2022 1,635 1,345 2,980
At 30th November 2021 - 61 61

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Other debtors 163,119 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 5,360 2,118
Taxation and social security 103,785 20,512
Other creditors 17,317 13,170
126,462 35,800

ALEX BROWN REAL ESTATE LIMITED (REGISTERED NUMBER: 08781042)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2022


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans 38,065 42,882

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 16,624 21,441

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
100 Ordinary £1 100 100

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30th November 2022 and 30th November 2021:

2022 2021
£    £   
A J G Brown and Mrs C E Brown
Balance outstanding at start of year - -
Amounts advanced 180,109 -
Amounts repaid (58,151 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 121,958 -

At the year ending 30 November 2022, there is an outstanding balance of £121,958, interest has been charged on this amount at 2%.