Registration number: 00514081

G.B.& H.Brown Limited
trading as G. B. & H. Brown Limited

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 8

G.B.& H.Brown Limited
trading as G. B. & H. Brown Limited

Balance Sheet
31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	640	182,821
Investment property	5	1,050,000	300,000
Other financial assets	6	290,871	387,421
		1,341,511	870,242
Current assets
Debtors	7	3,545	13,478
Cash at bank and in hand		47,128	55,337
		50,673	68,815
Creditors: Amounts falling due within one year	8	(39,234)	(48,730)
Net current assets		11,439	20,085
Net assets		1,352,950	890,327
Capital and reserves
Called up share capital		1,750	1,750
Capital redemption reserve		3,250	3,250
Revaluation reserve		-	24,067
Other reserves		-	6,978
Retained earnings		1,347,950	854,282
Shareholders' funds		1,352,950	890,327

G.B.& H.Brown Limited
trading as G. B. & H. Brown Limited

Balance Sheet
31 December 2024

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 22 September 2025 and signed on its behalf by:
 

......................................... Mrs P S Brown Director

Company Registration Number: 00514081

G.B.& H.Brown Limited
trading as G. B. & H. Brown Limited

Notes to the Unaudited Financial Statements
Year Ended 31 December 2024

1	General information

The Company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Tower House
269 Walmersley Road
Bury
Lancashire
BL9 6NX
England

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The Company recognises revenue when: the amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the Company's activities.

G.B.& H.Brown Limited
trading as G. B. & H. Brown Limited

Notes to the Unaudited Financial Statements
Year Ended 31 December 2024

Government grants

Government grants in respect of capital expenditure are credited to a deferred income account and are released to profit over the expected useful lives of the relevant assets by equal annual instalments. Grants of a revenue nature are credited to income so as to match them with the expenditure to which they relate.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Freehold property	2% Straight line
Fixture and fittings	15% Straight line

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the Company will not be able to collect all amounts due according to the original terms of the receivables.

G.B.& H.Brown Limited
trading as G. B. & H. Brown Limited

Notes to the Unaudited Financial Statements
Year Ended 31 December 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the Company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the Company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 2 (2023 - 2).

G.B.& H.Brown Limited
trading as G. B. & H. Brown Limited

Notes to the Unaudited Financial Statements
Year Ended 31 December 2024

4	Tangible assets

	Land and buildings £	Fixtures and fittings £	Total £
Cost or valuation
At 1 January 2024	342,472	1,705	344,177
Transfers	(342,472)	-	(342,472)
At 31 December 2024	-	1,705	1,705
Depreciation
At 1 January 2024	160,546	810	161,356
Charge for the year	-	255	255
Transfers	(160,546)	-	(160,546)
At 31 December 2024	-	1,065	1,065
Carrying amount
At 31 December 2024	-	640	640
At 31 December 2023	181,926	895	182,821

Included within the net book value of land and buildings in 2023 was £181,926 in respect of freehold land and buildings. This property has now been transferred to investment properties.

5	Investment properties

	2024 £
At 1 January	300,000
Transfers to and from owner-occupied property	181,926
Fair value adjustments	568,074
At 31 December	1,050,000

G.B.& H.Brown Limited
trading as G. B. & H. Brown Limited

Notes to the Unaudited Financial Statements
Year Ended 31 December 2024

6	Other financial assets (current and non-current)

	Financial assets at fair value through profit and loss £	Total £
Non-current financial assets
Cost or valuation
At 1 January 2024	387,421	387,421
Fair value adjustments	3,450	3,450
Disposals	(100,000)	(100,000)
At 31 December 2024	290,871	290,871
Impairment
Carrying amount
At 31 December 2024	290,871	290,871

7

Debtors

Current	2024 £	2023 £
Prepayments	3,545	3,478
Other debtors	-	10,000
	3,545	13,478

8

Creditors

Creditors: amounts falling due within one year

	2024 £	2023 £
Due within one year
Taxation and social security	161	8,598
Accruals and deferred income	15,645	16,705
Other creditors	23,428	23,427
	39,234	48,730

G.B.& H.Brown Limited
trading as G. B. & H. Brown Limited

Notes to the Unaudited Financial Statements
Year Ended 31 December 2024

9	Related party transactions

Directors' remuneration

The directors are remunerated by the company. The directors consider that their remuneration meets the criteria of being under normal market conditions.

10	Parent and ultimate parent undertaking

The Company's immediate parent is G B & H Brown Holdings Limited, incorporated in England and Wales.

 The ultimate controlling party is Mrs P S Brown by virtue of her shareholding in the parent company G B & H Brown Holdings Limited.