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REGISTERED NUMBER: 00324283 (England and Wales)


















R.J.Brown & Sons Limited

Unaudited Financial Statements

for the Year Ended 29th February 2024






R.J.Brown & Sons Limited (Registered number: 00324283)






Contents of the Financial Statements
for the Year Ended 29th February 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


R.J.Brown & Sons Limited

Company Information
for the Year Ended 29th February 2024







DIRECTORS: W E C Cursham
N W Turner



SECRETARY: W E C Cursham



REGISTERED OFFICE: 12 Bridgford Road
West Bridgford
Nottingham
NG2 6AB



REGISTERED NUMBER: 00324283 (England and Wales)



ACCOUNTANTS: Brooks Mayfield Limited
Chartered Accountants
12 Bridgford Road
West Bridgford
Nottinghamshire
NG2 6AB



BANKERS: Lloyds Bank
12 - 16 Lower Parliment Street
Nottingham
NG1 3DA



SOLICITORS: Knights PLC
Embankment House
Electric Avenue
Nottingham
NG2 1AS

R.J.Brown & Sons Limited (Registered number: 00324283)

Statement of Financial Position
29th February 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 14,248,923 14,248,923
Investments 6 81,166 84,919
14,330,089 14,333,842

CURRENT ASSETS
Debtors 7 101,418 97,271
Cash at bank 36,864 57,244
138,282 154,515
CREDITORS
Amounts falling due within one year 8 (148,717 ) (122,394 )
NET CURRENT (LIABILITIES)/ASSETS (10,435 ) 32,121
TOTAL ASSETS LESS CURRENT
LIABILITIES

14,319,654

14,365,963

PROVISIONS FOR LIABILITIES (2,341,822 ) (1,780,885 )
NET ASSETS 11,977,832 12,585,078

CAPITAL AND RESERVES
Called up share capital 9 3,950 3,950
Capital redemption reserve 10 122,720 122,720
Retained earnings 10 11,851,162 12,458,408
SHAREHOLDERS' FUNDS 11,977,832 12,585,078

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29th February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29th February 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.

R.J.Brown & Sons Limited (Registered number: 00324283)

Statement of Financial Position - continued
29th February 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15th November 2024 and were signed on its behalf by:




W E C Cursham - Director



N W Turner - Director


R.J.Brown & Sons Limited (Registered number: 00324283)

Notes to the Financial Statements
for the Year Ended 29th February 2024

1. STATUTORY INFORMATION

R.J.Brown & Sons 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

Turnover
Turnover is measured at the fair value of rent charged spread over the period to which it relates

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - None on investment property

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

R.J.Brown & Sons Limited (Registered number: 00324283)

Notes to the Financial Statements - continued
for the Year Ended 29th February 2024

5. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST OR VALUATION
At 1st March 2023
and 29th February 2024 14,248,923
NET BOOK VALUE
At 29th February 2024 14,248,923
At 28th February 2023 14,248,923

Cost or valuation at 29th February 2024 is represented by:

Freehold
property
£   
Valuation in 2013 9,358,202
Valuation in 2014 938,921
Valuation in 2015 816,204
Valuation in 2016 (194,854 )
Valuation in 2017 (77,044 )
Valuation in 2018 (80,514 )
Valuation in 2019 (59,177 )
Valuation in 2020 51,584
Valuation in 2023 2,012,245
Cost 1,483,356
14,248,923

Investment properties are included in these financial statements at fair value. The professional revaluation was last carried out during the year by chartered surveyors who are RICS registered valuers.

6. FIXED ASSET INVESTMENTS
Listed
investments
£   
COST OR VALUATION
At 1st March 2023 84,919
Revaluations (3,753 )
At 29th February 2024 81,166
NET BOOK VALUE
At 29th February 2024 81,166
At 28th February 2023 84,919

R.J.Brown & Sons Limited (Registered number: 00324283)

Notes to the Financial Statements - continued
for the Year Ended 29th February 2024

6. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 29th February 2024 is represented by:

Listed
investments
£   
Valuation in 2017 42,203
Valuation in 2018 4,464
Valuation in 2019 3,281
Valuation in 2020 (7,137 )
Valuation in 2021 (4,340 )
Valuation in 2022 15,705
Valuation in 2023 (15,185 )
Valuation in 2024 (3,753 )
Cost 45,928
81,166

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Rents held by agent 34,889 31,916
Rental arrears 56,315 56,198
Prepayments 10,214 9,157
101,418 97,271

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 10,442 4,329
Amounts owed to participating interests 64,184 57,127
Tax 56,092 44,405
Accruals and deferred income 17,999 16,533
148,717 122,394

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
3,950 Ordinary shares £1.00 3,950 3,950

R.J.Brown & Sons Limited (Registered number: 00324283)

Notes to the Financial Statements - continued
for the Year Ended 29th February 2024

10. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1st March 2023 12,458,408 122,720 12,581,128
Deficit for the year (387,246 ) (387,246 )
Dividends (220,000 ) (220,000 )
At 29th February 2024 11,851,162 122,720 11,973,882

Included within the retained earnings is £10,458,980 (2023: £10,984,473) of reserves which relate to the revaluation of assets and are therefore undistributable. This is made up of adjustments to fair value of £12,800,802 (2023: £12,765,567) less deferred tax on the revaluations of £2,341,822 (2023: £1,780,833).