G. B. & H. Brown Limited 00514081 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is that of a management services and property investment company Digita Accounts Production Advanced 6.30.9574.0 true false true 00514081 2023-01-01 2023-12-31 00514081 2023-12-31 00514081 core:FinancialAssetsDesignatedFairValueThroughProfitOrLoss core:Non-currentFinancialInstruments 2023-12-31 00514081 core:CurrentFinancialInstruments 2023-12-31 00514081 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 00514081 core:FurnitureFittings 2023-12-31 00514081 core:LandBuildings core:OwnedOrFreeholdAssets 2023-12-31 00514081 bus:SmallEntities 2023-01-01 2023-12-31 00514081 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 00514081 bus:FilletedAccounts 2023-01-01 2023-12-31 00514081 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 00514081 bus:RegisteredOffice 2023-01-01 2023-12-31 00514081 bus:Director4 2023-01-01 2023-12-31 00514081 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 00514081 core:Buildings 2023-01-01 2023-12-31 00514081 core:FurnitureFittings 2023-01-01 2023-12-31 00514081 core:LandBuildings core:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 00514081 1 2023-01-01 2023-12-31 00514081 countries:EnglandWales 2023-01-01 2023-12-31 00514081 2022-12-31 00514081 core:FurnitureFittings 2022-12-31 00514081 core:LandBuildings core:OwnedOrFreeholdAssets 2022-12-31 00514081 2022-01-01 2022-12-31 00514081 2022-12-31 00514081 core:CurrentFinancialInstruments 2022-12-31 00514081 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 00514081 core:FurnitureFittings 2022-12-31 00514081 core:LandBuildings core:OwnedOrFreeholdAssets 2022-12-31 iso4217:GBP xbrli:pure

Registration number: 00514081

G. B. & H. Brown Limited
Annual Report and
Unaudited Financial Statements

31 December 2023

 

G. B. & H. Brown Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 7

 

G. B. & H. Brown Limited

Balance Sheet
31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

482,821

489,927

Other financial assets

5

387,421

389,056

 

870,242

878,983

Current assets

 

Debtors

6

13,478

3,733

Cash at bank and in hand

 

55,337

188,774

 

68,815

192,507

Creditors: Amounts falling due within one year

7

(48,730)

(52,349)

Net current assets

 

20,085

140,158

Net assets

 

890,327

1,019,141

Capital and reserves

 

Called up share capital

1,750

1,750

Capital redemption reserve

3,250

3,250

Revaluation reserve

24,067

24,067

Other reserves

6,978

6,978

Retained earnings

854,282

983,096

Shareholders' funds

 

890,327

1,019,141

 

G. B. & H. Brown Limited

Balance Sheet
31 December 2023

For the financial year ending 31 December 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 16 August 2024 and signed on its behalf by:
 

.........................................
Mrs P S Brown
Director

Company Registration Number: 00514081

 

G. B. & H. Brown Limited

Notes to the Unaudited Financial Statements
Year Ended 31 December 2023

1

General information

The Company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Tower House
269 Walmersley Road
Bury
Lancashire
BL9 6NX
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Government grants

Government grants in respect of capital expenditure are credited to a deferred income account and are released to profit over the expected useful lives of the relevant assets by equal annual instalments. Grants of a revenue nature are credited to income so as to match them with the expenditure to which they relate.

 

G. B. & H. Brown Limited

Notes to the Unaudited Financial Statements
Year Ended 31 December 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Freehold property

2% Straight line

Fixture and fittings

15% Straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the Company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

G. B. & H. Brown Limited

Notes to the Unaudited Financial Statements
Year Ended 31 December 2023

Dividends

Dividend distribution to the Company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the Company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 2 (2022 - 2).

4

Tangible assets

Land and buildings
£

Fixtures and fittings
£

Total
£

Cost or valuation

At 1 January 2023

642,472

1,705

644,177

At 31 December 2023

642,472

1,705

644,177

Depreciation

At 1 January 2023

153,696

554

154,250

Charge for the year

6,850

256

7,106

At 31 December 2023

160,546

810

161,356

Carrying amount

At 31 December 2023

481,926

895

482,821

At 31 December 2022

488,776

1,151

489,927

Included within the net book value of land and buildings above is £481,926 (2022 - £488,776) in respect of freehold land and buildings.
 

 

G. B. & H. Brown Limited

Notes to the Unaudited Financial Statements
Year Ended 31 December 2023

5

Other financial assets (current and non-current)

Financial assets at fair value through profit and loss
£

Total
£

Non-current financial assets

Cost or valuation

At 1 January 2023

389,056

389,056

Fair value adjustments

(1,635)

(1,635)

At 31 December 2023

387,421

387,421

Impairment

Carrying amount

At 31 December 2023

387,421

387,421

 

G. B. & H. Brown Limited

Notes to the Unaudited Financial Statements
Year Ended 31 December 2023

6

Debtors

Current

2023
£

2022
£

Prepayments

3,478

3,733

Other debtors

10,000

-

 

13,478

3,733

7

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Taxation and social security

8,598

9,582

Accruals and deferred income

16,705

17,840

Other creditors

23,427

24,927

48,730

52,349

8

Related party transactions

Directors' remuneration

The directors are remunerated by the company. The directors consider that their remuneration meets the criteria of being under normal market conditions.

9

Parent and ultimate parent undertaking

The Company's immediate parent is G B & H Brown Holdings Limited, incorporated in England and Wales.

 The ultimate controlling party is Mrs P S Brown by virtue of her shareholding in the parent company G B & H Brown Holdings Limited.