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REGISTERED NUMBER: 10865979 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

FOR

JPW BROWN LTD

JPW BROWN LTD (REGISTERED NUMBER: 10865979)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


JPW BROWN LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: W P Brown
Ms P E Brown
J M Brown





REGISTERED OFFICE: 41 Knighton Road
London
E7 0EE





REGISTERED NUMBER: 10865979 (England and Wales)





ACCOUNTANTS: Galloways Accounting (Hove) Limited
The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ

JPW BROWN LTD (REGISTERED NUMBER: 10865979)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 68 544
Investment property 4 333,000 301,000
333,068 301,544

CURRENT ASSETS
Debtors 5 1,038 1,066
Cash at bank 1,513 3,709
2,551 4,775
CREDITORS
Amounts falling due within one year 6 81,734 81,696
NET CURRENT LIABILITIES (79,183 ) (76,921 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

253,885

224,623

CREDITORS
Amounts falling due after more than one
year

7

175,773

175,778
NET ASSETS 78,112 48,845

CAPITAL AND RESERVES
Called up share capital 9 3 3
Retained earnings 78,109 48,842
SHAREHOLDERS' FUNDS 78,112 48,845

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 24 January 2025 and were signed on its behalf by:





W P Brown - Director


JPW BROWN LTD (REGISTERED NUMBER: 10865979)

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

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared on the basis that the company will continue to be a going concern. If this assumption is not considered valid, then adjustments would need to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that might arise and to reclassify fixed assets and long term liabilities as current assets and liabilities.

Turnover
Turnover represents the following types of income:

Rental income

All income is recognised on a receivable basis.

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 - Straight line over 7 years

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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

3. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 August 2023
and 31 July 2024 3,399
DEPRECIATION
At 1 August 2023 2,855
Charge for year 476
At 31 July 2024 3,331
NET BOOK VALUE
At 31 July 2024 68
At 31 July 2023 544

JPW BROWN LTD (REGISTERED NUMBER: 10865979)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023 301,000
Revaluations 32,000
At 31 July 2024 333,000
NET BOOK VALUE
At 31 July 2024 333,000
At 31 July 2023 301,000

Fair value at 31 July 2024 is represented by:
£   
Valuation in 2018 241,537
Valuation in 2020 (33,537 )
Valuation in 2021 51,000
Valuation in 2022 (30,000 )
Valuation in 2023 72,000
Valuation in 2024 32,000
333,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Prepayments 1,038 1,066

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Directors' current accounts 81,193 81,193
Accrued expenses 541 503
81,734 81,696

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans (see note 8) 175,773 175,778

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 175,773 175,778

8. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due in more than five years:
Repayable by instalments
Bank loans more 5 yr by instal 175,773 175,778

JPW BROWN LTD (REGISTERED NUMBER: 10865979)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
3 Ordinary £1 3 3

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, W Brown, J Brown & Ms P Brown maintained their loan to the company. As at 31 July 2024 the company owed them £81,193 (2023: £81,193). This balance represented the maximum amount outstanding during the year and the loan is interest free and repayable on demand.

11. ULTIMATE CONTROLLING PARTY

The controlling party is W P Brown, J M Brown & Ms P E Brown.

This was by virtue of their 100% holding of the issued share capital.

12. ACCOUNTING BASIS

As stated in the accounting policy note, these financial statements have been prepared on the basis that the company will continue to be a going concern. During the year the current liabilities exceeded current assets by £79,183.

The validity of this basis depends upon the continued support of the company's directors. The directors confirm that they will give the required support.