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REGISTERED NUMBER: 12107333 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 AUGUST 2023 TO 30 JULY 2024

FOR

BROWNE ESTATES LIMITED

BROWNE ESTATES LIMITED (REGISTERED NUMBER: 12107333)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Period 1 August 2023 to 30 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BROWNE ESTATES LIMITED

COMPANY INFORMATION
for the Period 1 August 2023 to 30 July 2024







DIRECTORS: L A Browne
A R Browne





REGISTERED OFFICE: 12-14a Bath Street
Altrincham
Cheshire
WA14 2EJ





REGISTERED NUMBER: 12107333 (England and Wales)





ACCOUNTANTS: Fairhurst Accountants Ltd
Chartered Accountants
Douglas Bank House
Wigan Lane
Wigan
Lancashire
WN1 2TB

BROWNE ESTATES LIMITED (REGISTERED NUMBER: 12107333)

BALANCE SHEET
30 July 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Investments 4 1 1
Investment property 5 725,000 1,219,940
725,001 1,219,941

CURRENT ASSETS
Debtors 6 302,141 274,415
Cash at bank and in hand 1,142 489
303,283 274,904
CREDITORS
Amounts falling due within one year 7 194,779 733,519
NET CURRENT ASSETS/(LIABILITIES) 108,504 (458,615 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

833,505

761,326

CREDITORS
Amounts falling due after more than one
year

8

(573,496

)

(598,752

)

PROVISIONS FOR LIABILITIES 10 (40,614 ) (54,076 )
NET ASSETS 219,395 108,498

CAPITAL AND RESERVES
Called up share capital 1 1
Other reserves 11 382,527 298,891
Retained earnings 11 (163,133 ) (190,394 )
219,395 108,498

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

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

BROWNE ESTATES LIMITED (REGISTERED NUMBER: 12107333)

BALANCE SHEET - continued
30 July 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 Board of Directors and authorised for issue on 10 July 2025 and were signed on its behalf by:





A R Browne - Director


BROWNE ESTATES LIMITED (REGISTERED NUMBER: 12107333)

NOTES TO THE FINANCIAL STATEMENTS
for the Period 1 August 2023 to 30 July 2024

1. STATUTORY INFORMATION

Browne Estates 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.

Preparation of consolidated financial statements
The financial statements contain information about Browne Estates 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.

Turnover
Turnover comprises net rentals receivable, excluding value added tax, and arose wholly in the United Kingdom.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less impairment.

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.

Deferred tax is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments
Short term financial assets, including trade, other debtors, creditors and related undertakings, are measured at the transaction price. Financial assets that have no stated interest rate and are recoverable within one year shall be measured at the undiscounted amount due.

Short term financial liabilities, including trade and other creditors and bank balances, are measured at the
transaction price. Financial liabilities that have no stated interest rate and are payable within one year shall be measured at the undiscounted amount due.

Taxation
Taxation for the period 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 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 period 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.

BROWNE ESTATES LIMITED (REGISTERED NUMBER: 12107333)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 August 2023 to 30 July 2024

2. ACCOUNTING POLICIES - continued

Impairment of assets
At each reporting date assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If the estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in the profit and loss.

Where an impairment loss subsequently reverses, the carrying amount of each asset is increased to the revised estimate of its recoverable amount, to the extent that the increased carrying amount does not exceed the carrying amount that would have been determined (net of depreciation) had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised as income immediately.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 August 2023
and 30 July 2024 1
NET BOOK VALUE
At 30 July 2024 1
At 31 July 2023 1

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023 1,219,940
Disposals (800,000 )
Revaluations 305,060
At 30 July 2024 725,000
NET BOOK VALUE
At 30 July 2024 725,000
At 31 July 2023 1,219,940

The investment properties have been included at their fair value at 31 July 2024 as determined by the directors.

Fair value at 30 July 2024 is represented by:
£   
Valuation in 2021 118,081
Valuation in 2024 305,060
Cost 301,859
725,000

BROWNE ESTATES LIMITED (REGISTERED NUMBER: 12107333)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 August 2023 to 30 July 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 39,953 -
Amounts owed to related undertakings 5,582 12,832
Other debtors 256,606 256,606
Prepayments and accrued income - 4,977
302,141 274,415

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 25,239 465,459
Other loans 47,500 147,500
Trade creditors 5,506 3,500
Amounts owed to related undertakings 79,895 76,420
Directors' current accounts 425 5,228
Accrued expenses 36,214 35,412
194,779 733,519

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 423,496 448,752
Other loans 150,000 150,000
573,496 598,752

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 430,418 904,211

Bank loans are secured by way of a legal charge against investment properties and personal guarantee by the directors.

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 40,614 54,076

BROWNE ESTATES LIMITED (REGISTERED NUMBER: 12107333)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 August 2023 to 30 July 2024

10. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 August 2023 54,076
Credit to Income Statement during period (13,462 )
Balance at 30 July 2024 40,614

11. RESERVES
Retained Other
earnings reserves Totals
£    £    £   

At 1 August 2023 (190,394 ) 298,891 108,497
Profit for the period 110,897 110,897
Transfer 184,198 (184,198 ) -
Surplus on revaluation (267,834 ) 267,834 -
At 30 July 2024 (163,133 ) 382,527 219,394

Other reserves relate to a non distributable profit relating to the revaluation of investment
properties, together with deferred taxation.

12. RELATED PARTY DISCLOSURES

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.

During the year £3,475 (2023: £Nil) was repaid to companies in which the directors have an interest. £79,895 (2023: £76,420) remains outstanding at the year end.

During the year £Nil (2023: £7,707) was introduced and £7,250 (2023: £Nil) was repaid by a company in which the directors have an interest. £5,582 (2023: £12,832) remains outstanding at the year end.