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REGISTERED NUMBER: 03619282 (England and Wales)
















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

JOHNSTON BROWN ASSOCIATES LIMITED

JOHNSTON BROWN ASSOCIATES LIMITED (REGISTERED NUMBER: 03619282)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JOHNSTON BROWN ASSOCIATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: M J Brown
Mrs C R Brown
J J Brown





SECRETARY: Mrs C R Brown





REGISTERED OFFICE: 10 Kingswell Avenue
Arnold
Nottingham
NG5 6SY





BUSINESS ADDRESS: 102 Bramcote Drive West
Beeston
Nottingham
NG9 1DU





REGISTERED NUMBER: 03619282 (England and Wales)





ACCOUNTANTS: seven7seven
10 Kingswell Avenue
Arnold
Nottingham
NG5 6SY

JOHNSTON BROWN ASSOCIATES LIMITED (REGISTERED NUMBER: 03619282)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,119 6,894
Investment property 5 3,966,500 3,751,000
3,973,619 3,757,894

CURRENT ASSETS
Debtors 6 1,537 1,344
Cash at bank 95,467 15,262
97,004 16,606
CREDITORS
Amounts falling due within one year 7 769,631 760,733
NET CURRENT LIABILITIES (672,627 ) (744,127 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,300,992

3,013,767

CREDITORS
Amounts falling due after more than one
year

8

262,286

271,525
NET ASSETS 3,038,706 2,742,242

CAPITAL AND RESERVES
Called up share capital 400 400
Retained earnings 3,038,306 2,741,842
SHAREHOLDERS' FUNDS 3,038,706 2,742,242

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

JOHNSTON BROWN ASSOCIATES LIMITED (REGISTERED NUMBER: 03619282)

BALANCE SHEET - continued
31 MARCH 2024


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 27 August 2024 and were signed on its behalf by:





M J Brown - Director


JOHNSTON BROWN ASSOCIATES LIMITED (REGISTERED NUMBER: 03619282)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Johnston Brown Associates 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 represents amounts receivable by the company in respect of rents charged to tenants.

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 reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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.

JOHNSTON BROWN ASSOCIATES LIMITED (REGISTERED NUMBER: 03619282)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

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 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 2,739 9,950 1,398 14,087
Additions 2,744 - - 2,744
At 31 March 2024 5,483 9,950 1,398 16,831
DEPRECIATION
At 1 April 2023 1,882 4,353 958 7,193
Charge for year 900 1,399 220 2,519
At 31 March 2024 2,782 5,752 1,178 9,712
NET BOOK VALUE
At 31 March 2024 2,701 4,198 220 7,119
At 31 March 2023 857 5,597 440 6,894

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 3,751,000
Fair value adjustments 215,500
At 31 March 2024 3,966,500
NET BOOK VALUE
At 31 March 2024 3,966,500
At 31 March 2023 3,751,000

JOHNSTON BROWN ASSOCIATES LIMITED (REGISTERED NUMBER: 03619282)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 1,537 1,344

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 9,239 8,990
Trade creditors 160 495
Taxation and social security 952 -
Other creditors 759,280 751,248
769,631 760,733

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 262,286 271,525

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years 225,331 234,570

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 271,525 280,515

The bank loan is secured on the property to which it relates.

10. RELATED PARTY DISCLOSURES

During the year the directors made loans to and from the company. At the balance sheet date £751,569 (2023 : £744,789) was owed by the company.