Company registration number 9340597 (England and Wales)
H Brown & Son Group Limited
Unaudited financial statements
For the period ended 31 January 2024
H Brown & Son Group Limited
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 4
H Brown & Son Group Limited
Statement of financial position
As at 31 January 2024
- 1 -
31 January 2024
31 December 2022
Notes
£
£
£
£
Fixed assets
Investments
2
1,002
Current assets
Debtors
3
1,334,000
1,002
Net current assets
1,334,000
1,002
Net assets
1,335,002
1,002
Capital and reserves
Called up share capital
10,002
1,002
Profit and loss reserves
1,325,000
Total equity
1,335,002
1,002
The director of the company has elected not to include a copy of the income statement within the financial statements.true
For the financial period ended 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 9 October 2024
Mr R W Brown
Director
Company registration number 9340597 (England and Wales)
H Brown & Son Group Limited
Notes to the financial statements
For the period ended 31 January 2024
- 2 -
1
Accounting policies
Company information
H Brown & Son Group Limited is a private company limited by shares incorporated in England and Wales. The registered office is Vanguard House, Sneyd Hill, Burslem, Stoke on Trent, Staffordshire, ST6 2DZ.
1.1
Reporting period
The financial statements presented are for a period longer than one year, due to the extension of the year to agree with other group companies. The comparative amounts presented in the financial statements (including the related notes) are not entirely comparable.
1.2
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.
1.3
Fixed asset investments
Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
1.4
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
H Brown & Son Group Limited
Notes to the financial statements (continued)
For the period ended 31 January 2024
1
Accounting policies
(Continued)
- 3 -
Basic financial assets
Basic financial assets, which include debtors and loans from group companies, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
1.5
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
Dividends
Dividend income from investments is recognised when the shareholder's right to receive payment has been established.
2
Fixed asset investments
2024
2022
£
£
Shares in group undertakings and participating interests
1,002
Movements in fixed asset investments
Shares in subsidiaries
£
Cost or valuation
At 1 January 2023
-
Additions
1,002
At 31 January 2024
1,002
Carrying amount
At 31 January 2024
1,002
At 31 December 2022
-
3
Debtors
2024
2022
Amounts falling due within one year:
£
£
Other debtors
9,000
1,002
H Brown & Son Group Limited
Notes to the financial statements (continued)
For the period ended 31 January 2024
3
Debtors
(Continued)
- 4 -
2024
2022
Amounts falling due after more than one year:
£
£
Other debtors
1,325,000
Total debtors
1,334,000
1,002