Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-312023-06-01falseNo description of principal activity23truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 05501751 2023-06-01 2024-05-31 05501751 2022-06-01 2023-05-31 05501751 2024-05-31 05501751 2023-05-31 05501751 c:Director1 2023-06-01 2024-05-31 05501751 d:PlantMachinery 2023-06-01 2024-05-31 05501751 d:PlantMachinery 2024-05-31 05501751 d:PlantMachinery 2023-05-31 05501751 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 05501751 d:OfficeEquipment 2023-06-01 2024-05-31 05501751 d:OfficeEquipment 2024-05-31 05501751 d:OfficeEquipment 2023-05-31 05501751 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 05501751 d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 05501751 d:CurrentFinancialInstruments 2024-05-31 05501751 d:CurrentFinancialInstruments 2023-05-31 05501751 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 05501751 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 05501751 d:ShareCapital 2024-05-31 05501751 d:ShareCapital 2023-05-31 05501751 d:RetainedEarningsAccumulatedLosses 2024-05-31 05501751 d:RetainedEarningsAccumulatedLosses 2023-05-31 05501751 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-05-31 05501751 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-05-31 05501751 c:OrdinaryShareClass1 2023-06-01 2024-05-31 05501751 c:OrdinaryShareClass1 2024-05-31 05501751 c:OrdinaryShareClass1 2023-05-31 05501751 c:OrdinaryShareClass2 2023-06-01 2024-05-31 05501751 c:OrdinaryShareClass2 2024-05-31 05501751 c:OrdinaryShareClass2 2023-05-31 05501751 c:OrdinaryShareClass3 2023-06-01 2024-05-31 05501751 c:OrdinaryShareClass3 2024-05-31 05501751 c:OrdinaryShareClass3 2023-05-31 05501751 c:FRS102 2023-06-01 2024-05-31 05501751 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 05501751 c:AbridgedAccounts 2023-06-01 2024-05-31 05501751 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 05501751 2 2023-06-01 2024-05-31 05501751 e:PoundSterling 2023-06-01 2024-05-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 05501751














PAUL BROWNE HOMES LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 MAY 2024

 
PAUL BROWNE HOMES LIMITED
REGISTERED NUMBER:05501751

BALANCE SHEET
AS AT 31 MAY 2024

2024
2023
Note

Fixed assets
  

Tangible assets
 4 
3,508
4,973

Current assets
  

Stocks
  
15,000
20,000

Debtors: amounts falling due within one year
 5 
15,939
15,878

Cash at bank and in hand
 6 
593,172
1,598,240

  
624,111
1,634,118

Creditors: amounts falling due within one year
 7 
(22,197)
(76,018)

Net current assets
  
 
 
601,914
 
 
1,558,100

Total assets less current liabilities
  
605,422
1,563,073

  

Net assets
  
£605,422
£1,563,073


Capital and reserves
  

Called up share capital 
 9 
261,298
261,298

Profit and loss account
  
344,124
1,301,775

  
£605,422
£1,563,073


Page 1

 
PAUL BROWNE HOMES LIMITED
REGISTERED NUMBER:05501751

BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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 financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 25 October 2024.




___________________________
P R Browne
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
PAUL BROWNE HOMES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

Paul Browne Homes Limited is a private company limited by shares.  The company registration number is 05501751 and is incorporated in England and Wales.  The registered office of the company is Henwood House, Henwood, Ashford, Kent  TN24 8DH.  The principal place of business is 3 Abbotsfield, Lees Road, Brabourne Lees, Kent TN25 6RN.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
PAUL BROWNE HOMES LIMITED
 

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

2.Accounting policies (continued)

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a straight line and reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
20%
reducing balance sheet
Office equipment
-
20%
straight line basis

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Work in progress and finished goods

Work in progress and finished goods includes development land costs, materials, labour and related professional fees adjusted for disposal during the period.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
PAUL BROWNE HOMES LIMITED
 

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

2.Accounting policies (continued)

 
2.12

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

 
2.13

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

2024
2023

Wages and salaries
39,621
46,481

£39,621
£46,481


The average monthly number of employees, including directors, during the year was 2 (2023 - 3).

Page 5

 
PAUL BROWNE HOMES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

4.


Tangible fixed assets





Plant and machinery
Office equipment
Total



Cost or valuation


At 1 June 2023
30,221
4,137
34,358


Disposals
(1,307)
(1,199)
(2,506)



At 31 May 2024

28,914
2,938
31,852



Depreciation


At 1 June 2023
26,294
3,091
29,385


Charge for the year on owned assets
736
194
930


Disposals
(1,058)
(913)
(1,971)



At 31 May 2024

25,972
2,372
28,344



Net book value



At 31 May 2024
£2,942
£566
£3,508



At 31 May 2023
£3,927
£1,046
£4,973


5.


Debtors

2024
2023


Other debtors
14,070
14,009

Prepayments and accrued income
1,869
1,869

£15,939
£15,878



6.


Cash and cash equivalents

2024
2023

Cash at bank and in hand
£593,172
£1,598,240


Page 6

 
PAUL BROWNE HOMES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

7.


Creditors: Amounts falling due within one year

2024
2023

Trade creditors
71
1,196

Corporation tax
-
15,245

Other taxation and social security
-
465

Other creditors
15,126
51,696

Accruals and deferred income
7,000
7,416

£22,197
£76,018



8.


Financial instruments

2024
2023

Financial assets


Financial assets measured at fair value through profit or loss
£593,172
£1,598,240




Financial assets measured at fair value through profit or loss comprise cash at bank and in hand.


9.


Share capital

2024
2023
Allotted, called up and fully paid



114,971 (2023 - 114,971) 'A' ordinary shares of £1.00 each
114,971
114,971
114,971 (2023 - 114,971) 'B' ordinary shares of £1.00 each
114,971
114,971
31,356 (2023 - 31,356) 'C' ordinary shares of £1.00 each
31,356
31,356

£261,298

£261,298


Page 7