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REGISTERED NUMBER: 02615910 (England and Wales)












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 APRIL 2024

FOR

MICHAEL BROWN ASSOCIATES LIMITED

MICHAEL BROWN ASSOCIATES LIMITED (REGISTERED NUMBER: 02615910)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MICHAEL BROWN ASSOCIATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 APRIL 2024







DIRECTOR: M A Brown





SECRETARY: J M Cumine





REGISTERED OFFICE: Turnpike House
1208/1210 London Road
Leigh on Sea
Essex
SS9 2UA





REGISTERED NUMBER: 02615910 (England and Wales)





ACCOUNTANTS: Segrave & Partners LLP
Chartered Accountants
Turnpike House
1208/1210 London Road
Leigh on Sea
Essex
SS9 2UA

MICHAEL BROWN ASSOCIATES LIMITED (REGISTERED NUMBER: 02615910)

BALANCE SHEET
29 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 405 540
Investment property 5 1,400,000 1,400,000
1,400,405 1,400,540

CURRENT ASSETS
Debtors 6 4,918 2,646
Cash at bank 4,642 11,094
9,560 13,740
CREDITORS
Amounts falling due within one year 7 2,246 2,380
NET CURRENT ASSETS 7,314 11,360
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,407,719

1,411,900

CREDITORS
Amounts falling due after more than one
year

8

(207,068

)

(207,054

)

PROVISIONS FOR LIABILITIES 10 (211,301 ) (160,589 )
NET ASSETS 989,350 1,044,257

CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 11 880,652 931,364
Retained earnings 11 108,696 112,891
SHAREHOLDERS' FUNDS 989,350 1,044,257

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

The members have not required the company to obtain an audit of its financial statements for the year ended 29 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

MICHAEL BROWN ASSOCIATES LIMITED (REGISTERED NUMBER: 02615910)

BALANCE SHEET - continued
29 APRIL 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 January 2025 and were signed by:





M A Brown - Director


MICHAEL BROWN ASSOCIATES LIMITED (REGISTERED NUMBER: 02615910)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 APRIL 2024

1. STATUTORY INFORMATION

Michael Brown Associates 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.

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 as modified by the revaluation of certain assets.

Turnover
Turnover represents net sales of services, excluding value added tax and gross rents received.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

MICHAEL BROWN ASSOCIATES LIMITED (REGISTERED NUMBER: 02615910)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 APRIL 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 30 April 2023
and 29 April 2024 81,110
DEPRECIATION
At 30 April 2023 80,570
Charge for year 135
At 29 April 2024 80,705
NET BOOK VALUE
At 29 April 2024 405
At 29 April 2023 540

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 30 April 2023
and 29 April 2024 1,400,000
NET BOOK VALUE
At 29 April 2024 1,400,000
At 29 April 2023 1,400,000

Fair value at 29 April 2024 is represented by:
£   
Valuation in 2009 266,957
Valuation in 2011 125,000
Valuation in 2012 200,000
Valuation in 2016 300,000
Valuation in 2017 100,000
Valuation in 2018 100,000
Cost 308,043
1,400,000

If the investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 308,043 308,043

The investment property was valued on an open market basis on 29 April 2024 by the director of the company .

MICHAEL BROWN ASSOCIATES LIMITED (REGISTERED NUMBER: 02615910)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 APRIL 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 144 144
VAT 2,877 1,553
Prepayments 1,897 949
4,918 2,646

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 420 -
Directors' current accounts 176 730
Accruals and deferred income 1,650 1,650
2,246 2,380

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Mortgage 207,068 207,054

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Mortgage 207,068 207,054

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Mortgage 207,068 207,054

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 211,301 160,589

Deferred
tax
£   
Balance at 30 April 2023 160,589
Provided during year 50,712
Balance at 29 April 2024 211,301

MICHAEL BROWN ASSOCIATES LIMITED (REGISTERED NUMBER: 02615910)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 APRIL 2024

11. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 30 April 2023 112,891 931,364 1,044,255
Profit for the year 9,805 9,805
Dividends (14,000 ) (14,000 )
Deferred Tax - (50,712 ) (50,712 )
At 29 April 2024 108,696 880,652 989,348