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REGISTERED NUMBER: 04745826 (England and Wales)















Unaudited Financial Statements for the Year Ended 30th April 2023

for

S and L Brown Limited

S and L Brown Limited (Registered number: 04745826)






Contents of the Financial Statements
for the Year Ended 30th April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


S and L Brown Limited

Company Information
for the Year Ended 30th April 2023







DIRECTORS: Mr S Brown
Mrs L Brown





SECRETARY: Mrs L Brown





REGISTERED OFFICE: 1 Saltersford Grove
Grantham
Lincolnshire
NG31 7HP





REGISTERED NUMBER: 04745826 (England and Wales)





ACCOUNTANTS: Hood Parkes & Co
1st Floor
28 Market Place
Grantham
Lincolnshire
NG31 6LR

S and L Brown Limited (Registered number: 04745826)

Balance Sheet
30th April 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 58,597 58,144
Investment property 5 593,390 593,390
651,987 651,534

CURRENT ASSETS
Stocks 30,000 30,000
Debtors 6 9,354 83,219
Cash at bank 699,168 566,926
738,522 680,145
CREDITORS
Amounts falling due within one year 7 389,896 284,088
NET CURRENT ASSETS 348,626 396,057
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,000,613

1,047,591

PROVISIONS FOR LIABILITIES 11,133 11,047
NET ASSETS 989,480 1,036,544

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 8 80,007 80,007
Retained earnings 909,373 956,437
989,480 1,036,544

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2023.

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

S and L Brown Limited (Registered number: 04745826)

Balance Sheet - continued
30th April 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 19th January 2024 and were signed on its behalf by:





Mr S Brown - Director


S and L Brown Limited (Registered number: 04745826)

Notes to the Financial Statements
for the Year Ended 30th April 2023

1. STATUTORY INFORMATION

S and L 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.

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.
Plant and machinery etc - 25% on reducing balance

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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


S and L Brown Limited (Registered number: 04745826)

Notes to the Financial Statements - continued
for the Year Ended 30th April 2023

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st May 2022 147,036
Additions 20,202
Disposals (6,824 )
At 30th April 2023 160,414
DEPRECIATION
At 1st May 2022 88,892
Charge for year 19,533
Eliminated on disposal (6,608 )
At 30th April 2023 101,817
NET BOOK VALUE
At 30th April 2023 58,597
At 30th April 2022 58,144

S and L Brown Limited (Registered number: 04745826)

Notes to the Financial Statements - continued
for the Year Ended 30th April 2023

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st May 2022
and 30th April 2023 593,390
NET BOOK VALUE
At 30th April 2023 593,390
At 30th April 2022 593,390

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 9,354 83,219

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 311,463 -
Trade creditors 15,346 44,324
Taxation and social security 721 16,344
Other creditors 62,366 223,420
389,896 284,088

8. RESERVES
Fair
value
reserve
£   
At 1st May 2022
and 30th April 2023 80,007