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JE & MF Brown Limited

Unaudited Financial Statements for the Year Ended 28 February 2023






JE & MF Brown Limited (Registered number: 10604987)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JE & MF Brown Limited

Company Information
for the Year Ended 28 February 2023







DIRECTORS: Mrs J E Brown
M Refberg-Brown





REGISTERED OFFICE: 252 Score Lane
Liverpool
Merseyside
L16 5EQ





REGISTERED NUMBER: 10604987 (England and Wales)





ACCOUNTANTS: Matthews Sutton & Co Ltd
Chartered Certified Accountants
48 - 52 Penny Lane
Mossley Hill
Liverpool
Merseyside
L18 1DG

JE & MF Brown Limited (Registered number: 10604987)

Balance Sheet
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,177 386
Investment property 5 250,000 234,000
251,177 234,386

CURRENT ASSETS
Cash at bank 262 507

CREDITORS
Amounts falling due within one year 6 17,905 24,250
NET CURRENT LIABILITIES (17,643 ) (23,743 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

233,534

210,643

CREDITORS
Amounts falling due after more than one
year

7

(155,767

)

(153,058

)

PROVISIONS FOR LIABILITIES (16,657 ) (8,679 )
NET ASSETS 61,110 48,906

CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 8 45,335 37,001
Retained earnings 15,773 11,903
SHAREHOLDERS' FUNDS 61,110 48,906

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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.

JE & MF Brown Limited (Registered number: 10604987)

Balance Sheet - continued
28 February 2023


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 2 November 2023 and were signed on its behalf by:





Mrs J E Brown - Director


JE & MF Brown Limited (Registered number: 10604987)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

JE & MF Brown 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 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of rents received

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

JE & MF Brown Limited (Registered number: 10604987)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2022 861
Additions 1,370
At 28 February 2023 2,231
DEPRECIATION
At 1 March 2022 475
Charge for year 579
At 28 February 2023 1,054
NET BOOK VALUE
At 28 February 2023 1,177
At 28 February 2022 386

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2022 234,000
Revaluations 16,000
At 28 February 2023 250,000
NET BOOK VALUE
At 28 February 2023 250,000
At 28 February 2022 234,000

Investment properties were valued using market data by the directors on 28th February 2023.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 850 3,600
Trade creditors 97 95
Taxation and social security 1,637 1,432
Other creditors 15,321 19,123
17,905 24,250

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 155,767 153,058

JE & MF Brown Limited (Registered number: 10604987)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2023 2022
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 145,564 138,975

8. RESERVES
Fair
value
reserve
£   
At 1 March 2022 37,001
Fair value reserve 8,334

At 28 February 2023 45,335