IFANS & BROWN LIMITED

Company Registration Number:
15233486 (England and Wales)

Unaudited abridged accounts for the year ended 31 October 2024

Period of accounts

Start date: 24 October 2023

End date: 31 October 2024

IFANS & BROWN LIMITED

Contents of the Financial Statements

for the Period Ended 31 October 2024

Balance sheet
Notes

IFANS & BROWN LIMITED

Balance sheet

As at 31 October 2024


Notes

2024


£
Fixed assets
Tangible assets: 3 182,329
Total fixed assets: 182,329
Current assets
Cash at bank and in hand: 220
Total current assets: 220
Creditors: amounts falling due within one year:   (186,337)
Net current assets (liabilities): (186,117)
Total assets less current liabilities: (3,788)
Total net assets (liabilities): (3,788)
Capital and reserves
Called up share capital: 2
Profit and loss account: (3,790)
Shareholders funds: (3,788)

The notes form part of these financial statements

IFANS & BROWN LIMITED

Balance sheet statements

For the year ending 31 October 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 24 July 2025
and signed on behalf of the board by:

Name: Ms C G Ifans
Status: Director

The notes form part of these financial statements

IFANS & BROWN LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Valuation and information policy

Investment property Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

Other accounting policies

Financial instruments The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised. Basic financial liabilities Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

IFANS & BROWN LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

2. Employees

2024
Average number of employees during the period 0

IFANS & BROWN LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

3. Tangible Assets

Total
Cost £
Additions 182,329
At 31 October 2024 182,329
Net book value
At 31 October 2024 182,329

Investment property comprises of a residential building. The fair value of the investment property has been determined by the directors. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

IFANS & BROWN LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

4. Related party transactions

Name of the related party:
Relationship:
Directors
Description of the Transaction: At the balance sheet date, £186,137 was owed to the directors. The unsecured loan provided is free of any interest charge and without any repayment terms.
£
Balance at 31 October 2024 186,137