Browns Housing Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 13073765

Browns Housing Limited

Unaudited financial statements

31 March 2025

Browns Housing Limited

Statement of financial position

31 March 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	5		2,275,998		1,994,601

Current assets

Debtors	6	3,777	3,141
Cash at bank and in hand		116,726	133,385
		---------	---------
		120,503	136,526

Creditors: Amounts falling due within one year	7	( 22,907)		( 30,077)
		---------		---------
Net current assets			97,596		106,449
			-----------		-----------
Total assets less current liabilities			2,373,594		2,101,050

Creditors: Amounts falling due after more than one year	8		( 120,375)		( 120,375)

Provisions

Taxation including deferred tax	( 343,724)	( 273,375)
	-----------	-----------
Net assets	1,909,495	1,707,300
	-----------	-----------

Capital and reserves

Called up share capital	895,001	895,001
Revaluation reserve	1,019,173	806,250
Profit and loss account	( 4,679)	6,049
	-----------	-----------
Shareholders funds	1,909,495	1,707,300
	-----------	-----------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 31 March 2025 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 financial statements for the year in question in accordance with section 476 ;

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

Browns Housing Limited

Statement of financial position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 14 October 2025 , and are signed on behalf of the board by:

A V Brown

Director

Company registration number: 13073765

Browns Housing Limited

Notes to the financial statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 5 Marwick House, Station Road, March, Cambridgeshire, PE15 8LB.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	15% reducing balance
Motor vehicles	-	15% reducing balance

Investment property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

4. Employee numbers

The average number of employees during the year was 2 (2024: 2 ).

5. Tangible assets

	Investment properties	Plant and machinery	Motor vehicles	Total
	£	£	£	£
Cost or valuation
At 1 April 2024	1,976,103	3,546	27,975	2,007,624
Additions	–	2,316	–	2,316
Revaluations	283,897	–	–	283,897
	-----------	------	-------	-----------
At 31 March 2025	2,260,000	5,862	27,975	2,293,837
	-----------	------	-------	-----------
Depreciation
At 1 April 2024	–	456	12,567	13,023
Charge for the year	–	964	3,852	4,816
	-----------	------	-------	-----------
At 31 March 2025	–	1,420	16,419	17,839
	-----------	------	-------	-----------
Carrying amount
At 31 March 2025	2,260,000	4,442	11,556	2,275,998
	-----------	------	-------	-----------
At 31 March 2024	1,976,103	3,090	15,408	1,994,601
	-----------	------	-------	-----------

The company's investment properties are measured at fair value, based on an open market by the directors, at 31 March 2025.

Tangible assets held at valuation

In respect of tangible assets held at valuation, the aggregate cost, depreciation and comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model are as follows:

	Investment properties
	£
At 31 March 2025
Aggregate cost	927,317
Aggregate depreciation	(62,426)
	---------
Carrying value	864,891
	---------

At 31 March 2024
Aggregate cost	927,317
Aggregate depreciation	(43,881)
	---------
Carrying value	883,436
	---------

6. Debtors

	2025	2024
	£	£
Trade debtors	1,460	700
Other debtors	2,317	2,441
	------	------
	3,777	3,141
	------	------

7. Creditors: Amounts falling due within one year

	2025	2024
	£	£
Trade creditors	142	115
Social security and other taxes	20,303	27,099
Other creditors	2,462	2,863
	-------	-------
	22,907	30,077
	-------	-------

8. Creditors: Amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	120,375	120,375
	---------	---------

Included within creditors: amounts falling due after more than one year is an amount of £120,375 (2024: £120,375) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.

Included within creditors: amounts falling due after one year is a bank loan totalling £120,375 (2024: £120,375) which is secured against the asset concerned. Interest of 5.79% is charged on the loan until March 2029, and 4.48% over base rate thereafter. The bank loan is due to mature in February 2049.

9. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2025	2024
	£	£
Not later than 1 year	4,789	7,981
Later than 1 year and not later than 5 years	–	4,789
	------	-------
	4,789	12,770
	------	-------