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REGISTERED NUMBER: 05398062 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Michael Browne Associates Ltd

Michael Browne Associates Ltd (Registered number: 05398062)






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


Michael Browne Associates Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: M J Browne
Ms A C Smith





SECRETARY: Ms A C Smith





REGISTERED OFFICE: The Cloisters
168c Station Road
Lower Stondon
Bedfordshire
SG16 6JQ





REGISTERED NUMBER: 05398062 (England and Wales)





ACCOUNTANTS: D and E Accountancy Ltd
Tax Advisors and Accountants
2nd Floor, 2 Walsworth Road
Hitchin
Hertfordshire
SG4 9SP

Michael Browne Associates Ltd (Registered number: 05398062)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3,000 6,000
Tangible assets 5 3,214 4,061
Investments 6 125 125
6,339 10,186

CURRENT ASSETS
Debtors 7 59,617 46,616
Cash at bank and in hand 17,916 81,764
77,533 128,380
CREDITORS
Amounts falling due within one year 8 8,735 6,990
NET CURRENT ASSETS 68,798 121,390
TOTAL ASSETS LESS CURRENT
LIABILITIES

75,137

131,576

CREDITORS
Amounts falling due after more than
one year

9

(25,420

)

(35,405

)

PROVISIONS FOR LIABILITIES 10 - (1,286 )
NET ASSETS 49,717 94,885

Michael Browne Associates Ltd (Registered number: 05398062)

Balance Sheet - continued
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 12 49,617 94,785
SHAREHOLDERS' FUNDS 49,717 94,885

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.

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 12 January 2025 and were signed on its behalf by:





M J Browne - Director


Michael Browne Associates Ltd (Registered number: 05398062)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Michael Browne Associates Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

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.


Michael Browne Associates Ltd (Registered number: 05398062)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued
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.

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 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 60,000
AMORTISATION
At 1 April 2023 54,000
Charge for year 3,000
At 31 March 2024 57,000
NET BOOK VALUE
At 31 March 2024 3,000
At 31 March 2023 6,000

Michael Browne Associates Ltd (Registered number: 05398062)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2023 35,434
Additions 225
At 31 March 2024 35,659
DEPRECIATION
At 1 April 2023 31,373
Charge for year 1,072
At 31 March 2024 32,445
NET BOOK VALUE
At 31 March 2024 3,214
At 31 March 2023 4,061

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2023
and 31 March 2024 125
NET BOOK VALUE
At 31 March 2024 125
At 31 March 2023 125

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Nelson Browne Management Limited
Registered office:
Nature of business: Theatre and TV Performers Agency
%
Class of shares: holding
Ordinary £1 50.00
30.11.23 30.11.22
£    £   
Aggregate capital and reserves (9,111 ) (12,669 )
Profit for the year 3,558 8,182

Michael Browne Associates Ltd (Registered number: 05398062)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. FIXED ASSET INVESTMENTS - continued

Angela Browne Limited
Registered office:
Nature of business: Theatre Production Company
%
Class of shares: holding
Ordinary £1 shares 100.00
31.3.24 31.3.23
£    £   
Aggregate capital and reserves 16,192 23,239
Profit/(loss) for the year 11,343 (2,154 )

7. DEBTORS
31.3.24 31.3.23
£    £   
Amounts falling due within one year:
Trade debtors 34,237 26,825
Amounts owed by group undertakings 4,135 4,135
Other debtors 9,061 3,472
47,433 34,432

Amounts falling due after more than one year:
Other debtors 12,184 12,184

Aggregate amounts 59,617 46,616

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 1,972 225
Taxation and social security 1,525 1,527
Other creditors 5,238 5,238
8,735 6,990

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 25,420 35,405

Michael Browne Associates Ltd (Registered number: 05398062)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

10. PROVISIONS FOR LIABILITIES
31.3.23
£   
Deferred tax 1,286

Deferred
tax
£   
Balance at 1 April 2023 1,286
Accelerated Capital Allowances (6,875 )
Balance at 31 March 2024 (5,589 )

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1 100 100

12. RESERVES
Retained
earnings
£   

At 1 April 2023 94,785
Deficit for the year (19,468 )
Dividends (25,700 )
At 31 March 2024 49,617

13. CONTROL

No shareholder had full control of the company, the company is under the control of the Directors through their combined shareholdings.