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REGISTERED NUMBER: 07285072 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

BROWNS FARM SHOPS LTD

BROWNS FARM SHOPS LTD (REGISTERED NUMBER: 07285072)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BROWNS FARM SHOPS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: R H Crocker
M Clayton





REGISTERED OFFICE: 1 Swaffham Road
Mundford
Norfolk
IP26 5EH





REGISTERED NUMBER: 07285072 (England and Wales)





ACCOUNTANTS: Thompson Taraz Rand Ltd
Chartered Accountants
10 Jesus Lane
Cambridge
Cambridgeshire
CB5 8BA

BROWNS FARM SHOPS LTD (REGISTERED NUMBER: 07285072)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 77,206 80,309

CURRENT ASSETS
Stocks 2,500 2,500
Debtors 6 52,445 39,590
Cash at bank and in hand 71,162 80,228
126,107 122,318
CREDITORS
Amounts falling due within one year 7 (193,351 ) (160,976 )
NET CURRENT LIABILITIES (67,244 ) (38,658 )
TOTAL ASSETS LESS CURRENT LIABILITIES 9,962 41,651

CREDITORS
Amounts falling due after more than one year 8 - (19,811 )

PROVISIONS FOR LIABILITIES 9 (2,940 ) (3,109 )
NET ASSETS 7,022 18,731

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 6,922 18,631
SHAREHOLDERS' FUNDS 7,022 18,731

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

BROWNS FARM SHOPS LTD (REGISTERED NUMBER: 07285072)

BALANCE SHEET - continued
30 JUNE 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 March 2025 and were signed on its behalf by:





M W Clayton - Director


BROWNS FARM SHOPS LTD (REGISTERED NUMBER: 07285072)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Browns Farm Shops 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.

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.

Turnover
Turnover represents shop and restaurant sales. Income is recognised at the point of sale.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 20% on reducing balance and 10% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Basic financial assets and basic financial liabilities as defined under section 11 of FRS 102, including trade and other debtors, trade and other creditors, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 24 ) .

BROWNS FARM SHOPS LTD (REGISTERED NUMBER: 07285072)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold to and Computer
property property fittings equipment Totals
£    £    £    £    £   
COST
At 1 July 2023 84,124 2,360 70,797 891 158,172
Additions - - 824 1,581 2,405
At 30 June 2024 84,124 2,360 71,621 2,472 160,577
DEPRECIATION
At 1 July 2023 20,469 2,068 54,891 435 77,863
Charge for year 1,683 72 3,346 407 5,508
At 30 June 2024 22,152 2,140 58,237 842 83,371
NET BOOK VALUE
At 30 June 2024 61,972 220 13,384 1,630 77,206
At 30 June 2023 63,655 292 15,906 456 80,309

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 8,203 -
Other debtors 44,242 39,590
52,445 39,590

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 9,992
Trade creditors 66,374 53,338
Taxation and social security 69,363 41,947
Other creditors 57,614 55,699
193,351 160,976

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 19,811

BROWNS FARM SHOPS LTD (REGISTERED NUMBER: 07285072)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 2,940 3,109

Deferred
tax
£   
Balance at 1 July 2023 3,109
Provided during year (169 )
Balance at 30 June 2024 2,940

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
98 Ordinary £1 98 98
1 Ordinary A £1 1 1
1 Ordinary B £1 1 1
100 100

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2024 and 30 June 2023:

2024 2023
£    £   
M Clayton
Balance outstanding at start of year 10,000 -
Amounts advanced 13,704 10,000
Amounts repaid (18,052 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 5,652 10,000