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REGISTERED NUMBER: SC148283 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

JOHN BROWN (STRONE) HOLDINGS LIMITED

JOHN BROWN (STRONE) HOLDINGS LIMITED (REGISTERED NUMBER: SC148283)






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


JOHN BROWN (STRONE) HOLDINGS LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTORS: G Brown
Mrs E Brown





SECRETARY: Mrs E Brown





REGISTERED OFFICE: Strone Place
5 Hamilton Street
Dunoon
Argyll
PA23 7RG





REGISTERED NUMBER: SC148283 (Scotland)





ACCOUNTANTS: John M Taylor & Co
Chartered Accountants
9 Glasgow Road
PAISLEY
Renfrewshire
PA1 3QS

JOHN BROWN (STRONE) HOLDINGS LIMITED (REGISTERED NUMBER: SC148283)

BALANCE SHEET
31 March 2024

31.3.23 31.3.24
£ £ Notes £ £
FIXED ASSETS
262,502 Investments 5 262,502
72,946 Investment property 6 72,946
335,448 335,448

CURRENT ASSETS
289,170 Cash at bank 289,165

CREDITORS
201,100 Amounts falling due within one year 7 201,100
88,070 NET CURRENT ASSETS 88,065
423,518 TOTAL ASSETS LESS CURRENT
LIABILITIES

423,513

CREDITORS
245,323 Amounts falling due after more than one year 8 396,273
178,195 NET ASSETS 27,240

CAPITAL AND RESERVES
98,437 Called up share capital 10 98,437
79,758 Retained earnings (71,197 )
178,195 SHAREHOLDERS' FUNDS 27,240

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.

JOHN BROWN (STRONE) HOLDINGS LIMITED (REGISTERED NUMBER: SC148283)

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 August 2024 and were signed on its behalf by:





G Brown - Director


JOHN BROWN (STRONE) HOLDINGS LIMITED (REGISTERED NUMBER: SC148283)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

John Brown (Strone) Holdings Limited is a private company, limited by shares , registered in Scotland. 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 under the historical cost convention.

The principal accounting policies adopted in the preparation of the financial statements are set out below

Preparation of consolidated financial statements
The financial statements contain information about John Brown (Strone) Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Investment property
Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in profit and loss.
Revaluations are conducted annually by the director.

Taxation
Taxation represents the sum of tax currently payable and deferred tax on a non discounted basis.

The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period which the liability is settled or the asset is realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

JOHN BROWN (STRONE) HOLDINGS LIMITED (REGISTERED NUMBER: SC148283)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

3. ACCOUNTING POLICIES - continued

Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Financial instruments
Basic financial instruments are recognised at amortised cost. Financial assets and liabilities are recognised when the company becomes a party to the contractual provisions of the instrument and are classified in accordance with their underlying economic reality.

Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised as a liability in the financial statements in the period in which the dividends are approved by the shareholders. These amounts are recognised in the statement of changes in equity

Dividends received are included in the company financial statements in the period in which the related dividends are actually paid, or in respect of the final dividend for the year, approved by shareholders.

4. EMPLOYEES AND DIRECTORS

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

5. FIXED ASSET INVESTMENTS
Other
investments
£
COST
At 1 April 2023
and 31 March 2024 262,502
NET BOOK VALUE
At 31 March 2024 262,502
At 31 March 2023 262,502

6. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 April 2023
and 31 March 2024 72,946
NET BOOK VALUE
At 31 March 2024 72,946
At 31 March 2023 72,946

JOHN BROWN (STRONE) HOLDINGS LIMITED (REGISTERED NUMBER: SC148283)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£ £
Amounts owed to group undertakings 200,000 200,000
Other creditors 1,100 1,100
201,100 201,100

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£ £
Amounts owed to group undertakings 396,273 245,323

9. SECURED DEBTS

G Brown & Mrs E Brown jointly held a bond and floating charge over the whole assets of the company, this charge was satisfied on 9th July 2024.
In addition, the company had given a guarantee to both, to support the deferred consideration due to them from the John Brown (Strone) Holdings Limited Employee Ownership Trust, in connection with the sale of the company's shares to the Trust. All deferred consideration was paid post year end.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £ £
98,437 Ordinary £1 98,437 98,437

11. ULTIMATE CONTROLLING PARTY

From 7 August 2020, John Brown (Strone) Holdings Limited Employee Ownership Trust is the ultimate controlling party, owning 100% of the company's issued share capital.