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REGISTERED NUMBER: 00324283 (England and Wales)


















R.J.Brown & Sons Limited

Unaudited Financial Statements

for the Year Ended 28th February 2023






R.J.Brown & Sons Limited (Registered number: 00324283)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


R.J.Brown & Sons Limited

Company Information
for the Year Ended 28th February 2023







DIRECTORS: W E C Cursham
N W Turner



SECRETARY: W E C Cursham



REGISTERED OFFICE: 12 Bridgford Road
West Bridgford
Nottingham
NG2 6AB



REGISTERED NUMBER: 00324283 (England and Wales)



ACCOUNTANTS: Brooks Mayfield Limited
Chartered Accountants
12 Bridgford Road
West Bridgford
Nottinghamshire
NG2 6AB



BANKERS: Lloyds Bank
12 - 16 Lower Parliment Street
Nottingham
NG1 3DA



SOLICITORS: Knights PLC
Embankment House
Electric Avenue
Nottingham
NG2 1AS

R.J.Brown & Sons Limited (Registered number: 00324283)

Statement of Financial Position
28th February 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 5 14,248,923 12,236,678
Investments 6 84,919 100,104
14,333,842 12,336,782

CURRENT ASSETS
Debtors 7 97,271 86,428
Cash at bank 57,244 21,747
154,515 108,175
CREDITORS
Amounts falling due within one year 8 (122,394 ) (116,850 )
NET CURRENT ASSETS/(LIABILITIES) 32,121 (8,675 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

14,365,963

12,328,107

PROVISIONS FOR LIABILITIES (1,780,885 ) (1,401,056 )
NET ASSETS 12,585,078 10,927,051

CAPITAL AND RESERVES
Called up share capital 9 3,950 3,950
Capital redemption reserve 10 122,720 122,720
Retained earnings 10 12,458,408 10,800,381
SHAREHOLDERS' FUNDS 12,585,078 10,927,051

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

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

R.J.Brown & Sons Limited (Registered number: 00324283)

Statement of Financial Position - continued
28th 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23rd November 2023 and were signed on its behalf by:




W E C Cursham - Director



N W Turner - Director


R.J.Brown & Sons Limited (Registered number: 00324283)

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

1. STATUTORY INFORMATION

R.J.Brown & Sons 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

Turnover
Turnover is measured at the fair value of rent charged spread over the period to which it relates

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 - None on investment property

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4. EMPLOYEES AND DIRECTORS

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

R.J.Brown & Sons Limited (Registered number: 00324283)

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

5. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST OR VALUATION
At 1st March 2022 12,236,678
Revaluations 2,012,245
At 28th February 2023 14,248,923
NET BOOK VALUE
At 28th February 2023 14,248,923
At 28th February 2022 12,236,678

Cost or valuation at 28th February 2023 is represented by:

Freehold
property
£   
Valuation in 2013 9,358,202
Valuation in 2014 938,921
Valuation in 2015 816,204
Valuation in 2016 (194,854 )
Valuation in 2017 (77,044 )
Valuation in 2018 (80,514 )
Valuation in 2019 (59,177 )
Valuation in 2020 51,584
Valuation in 2023 2,012,245
Cost 1,483,356
14,248,923

Investment properties are included in these financial statements at fair value. The professional revaluation was last carried out during the year by chartered surveyors who are RICS registered valuers.

6. FIXED ASSET INVESTMENTS
Listed
investments
£   
COST OR VALUATION
At 1st March 2022 100,104
Revaluations (15,185 )
At 28th February 2023 84,919
NET BOOK VALUE
At 28th February 2023 84,919
At 28th February 2022 100,104

R.J.Brown & Sons Limited (Registered number: 00324283)

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

6. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 28th February 2023 is represented by:

Listed
investments
£   
Valuation in 2017 42,203
Valuation in 2018 4,464
Valuation in 2019 3,281
Valuation in 2020 (7,137 )
Valuation in 2021 (4,340 )
Valuation in 2022 15,705
Valuation in 2023 (15,185 )
Cost 45,928
84,919

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Rents held by agent 31,916 18,883
Rental arrears 56,198 57,225
Prepayments 9,157 10,320
97,271 86,428

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 4,329 8,180
Amounts owed to participating interests 57,127 52,323
Tax 44,405 36,370
Accruals and deferred income 16,533 19,977
122,394 116,850

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
3,950 Ordinary shares £1.00 3,950 3,950

R.J.Brown & Sons Limited (Registered number: 00324283)

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

10. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1st March 2022 10,800,381 122,720 10,923,101
Profit for the year 1,810,027 1,810,027
Dividends (152,000 ) (152,000 )
At 28th February 2023 12,458,408 122,720 12,581,128

Included within the retained earnings is £10,984,473 (2022: £9,358,565) of reserves which relate to the revaluation of assets and are therefore undistributable. This is made up of adjustments to fair value of £12,765,567 (2022: £10,753,322) less deferred tax on the revaluations of £1,780,833 (2022: £1,394,757).