Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-31 2025-03-31 false No description of principal activity 2024-04-01 1 0 true true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07156089 2024-04-01 2025-03-31 07156089 2023-04-01 2024-03-31 07156089 2025-03-31 07156089 2024-03-31 07156089 c:Director1 2024-04-01 2025-03-31 07156089 d:Buildings 2024-04-01 2025-03-31 07156089 d:Buildings 2025-03-31 07156089 d:Buildings 2024-03-31 07156089 d:PlantMachinery 2024-04-01 2025-03-31 07156089 d:PlantMachinery 2025-03-31 07156089 d:PlantMachinery 2024-03-31 07156089 d:FreeholdInvestmentProperty 2024-04-01 2025-03-31 07156089 d:FreeholdInvestmentProperty 2025-03-31 07156089 d:FreeholdInvestmentProperty 2 2024-04-01 2025-03-31 07156089 d:FreeholdInvestmentProperty 3 2024-04-01 2025-03-31 07156089 d:CurrentFinancialInstruments 2025-03-31 07156089 d:CurrentFinancialInstruments 2024-03-31 07156089 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 07156089 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 07156089 d:ShareCapital 2025-03-31 07156089 d:ShareCapital 2024-03-31 07156089 d:RetainedEarningsAccumulatedLosses 2025-03-31 07156089 d:RetainedEarningsAccumulatedLosses 2024-03-31 07156089 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2025-03-31 07156089 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-03-31 07156089 c:OrdinaryShareClass1 2024-04-01 2025-03-31 07156089 c:OrdinaryShareClass1 2025-03-31 07156089 c:OrdinaryShareClass1 2024-03-31 07156089 c:FRS102 2024-04-01 2025-03-31 07156089 c:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 07156089 c:FullAccounts 2024-04-01 2025-03-31 07156089 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 07156089 2 2024-04-01 2025-03-31 07156089 6 2024-04-01 2025-03-31 07156089 1 2025-03-31 07156089 2 2025-03-31 07156089 1 2024-03-31 07156089 2 2024-03-31 07156089 f:PoundSterling 2024-04-01 2025-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 07156089 F W BROWN & CO (LINCS) LIMITED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
F W BROWN & CO (LINCS) LIMITED REGISTERED NUMBER: 07156089 BALANCE SHEET AS AT 31 MARCH 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | - |  | 7,670,495
Investments | 5 |  | 8,379,870 |  | 1,000,243
Investment property | 6 |  | 1,205,077 |  | -
|  |  | 9,584,947 |  | 8,670,738
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 7 | 18,908 |  | 153,881 |
Cash at bank and in hand |  | 183,632 |  | 23,303 |
|  | 202,540 |  | 177,184 |
Creditors: amounts falling due within one year | 8 | (48,177) |  | (155,752) |
Net current assets |  |  | 154,363 |  | 21,432
Total assets less current liabilities |  |  | 9,739,310 |  | 8,692,170
Net assets |  |  | 9,739,310 |  | 8,692,170
Capital and reserves |  |  |  |  |
Called up share capital | 10 |  | 39,355 |  | 39,355
Profit and loss account |  |  | 9,699,955 |  | 8,652,815
|  |  | 9,739,310 |  | 8,692,170
Page 1
F W BROWN & CO (LINCS) LIMITED REGISTERED NUMBER: 07156089 BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2025 The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
Juliet Catriona Spence Scurlock-Jones
Director
Date: 6 October 2025
The notes on pages 3 to 10 form part of these financial statements. Page 2
F W BROWN & CO (LINCS) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. | General information
F W Brown & Co (Lincs) Limited (company number 07156089) is a private limited company, limited by shares, incorporated in England and Wales, with its registered office and principal place of business at Highway Farm, Peplow, Market Drayton, Shropshire, TF9 3JU. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The comparative figures relate to the year ended 31 March 2024.
| 2.2 | Exemption from preparing consolidated financial statements
The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.
| 2.3 | Going concern
After making enquiries, the Directors have reasonable expectation that the Company has sufficient reserves to enable it to continue to operate for a period of at least twelve months after the date of signing these Accounts. The Directors therefore continue to adopt the going concern basis in preparing these Accounts. Page 3
F W BROWN & CO (LINCS) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.4 | Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Sale of goods Revenue from the sale of goods is recognised when all of the following conditions are satisfied: ∙the Company has transferred the significant risks and rewards of ownership to the buyer; ∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; ∙the amount of revenue can be measured reliably; ∙it is probable that the Company will receive the consideration due under the transaction; and ∙the costs incurred or to be incurred in respect of the transaction can be measured reliably. Rendering of services Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: ∙the amount of revenue can be measured reliably; ∙it is probable that the Company will receive the consideration due under the contract; ∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and ∙the costs incurred and the costs to complete the contract can be measured reliably.
| 2.5 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 2.6 | Taxation
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.
| 2.7 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Page 4
F W BROWN & CO (LINCS) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.7 | Tangible fixed assets (continued)
Land is not depreciated. Depreciation on other assets is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis:
|  |  |  | Freehold property and property improvements | - | not depreciated
|  |  |  | Plant and machinery | - | 50% straight line
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
| 2.8 | Investment property
Investment property is carried at fair value determined annually by Directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.
| 2.9 | Valuation of investments
Investments in subsidiaries are measured at cost less accumulated impairment. Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.
| 2.10 | Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
| 2.11 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
| 2.12 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
| 2.13 | Financial instruments
Page 5
F W BROWN & CO (LINCS) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.13 | Financial instruments (continued)
The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” 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 trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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. Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments. Other financial assets Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment. Derecognition of financial assets Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.
3. | Employees
| The average monthly number of employees, including directors, during the year was 1 (2024 - 0).
Page 6
F W BROWN & CO (LINCS) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
4. | Tangible fixed assets
|  | Freehold property and property improvements | Plant and machinery | Total
|  | £ | £ | £
| Cost or valuation |  |  |
| At 1 April 2024 | 7,670,495 | 958 | 7,671,453
| Disposals | (7,172,084) | - | (7,172,084)
| Transfers between classes | (498,411) | - | (498,411)
| At 31 March 2025 | - | 958 | 958
| Depreciation |  |  |
| At 1 April 2024 | - | 958 | 958
| At 31 March 2025 | - | 958 | 958
| Net book value |  |  |
| At 31 March 2025 | - | - | -
| At 31 March 2024 | 7,670,495 | - | 7,670,495
Page 7
F W BROWN & CO (LINCS) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
5. | Fixed asset investments
|  | Listed investments | Unlisted investments | Total
|  | £ | £ | £
| Cost or valuation |  |  |
| At 1 April 2024 | - | 1,000,243 | 1,000,243
| Additions | 7,577,933 | - | 7,577,933
| Disposals | (296,784) | (10,361) | (307,145)
| Revaluations | 108,839 | - | 108,839
| At 31 March 2025 | 7,389,988 | 989,882 | 8,379,870
| Net book value |  |  |
| At 31 March 2025 | 7,389,988 | 989,882 | 8,379,870
| At 31 March 2024 | - | 1,000,243 | 1,000,243
Page 8
F W BROWN & CO (LINCS) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
6. | Investment property
|  | Freehold investment property
|  | £
| Valuation |
| Additions at cost | 485,077
| Surplus on revaluation | 221,589
| Transfers between classes | 498,411
| At 31 March 2025 | 1,205,077
The 2025 valuations were made by the Directors, on an open market value for existing use basis.
| If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Historic cost | 983,488 | -
|  | 983,488 | -
7. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 2,813 | 6,859
| VAT repayable | 7,652 | 5,069
| Prepayments and accrued income | 8,443 | 141,953
|  | 18,908 | 153,881
Page 9
F W BROWN & CO (LINCS) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
8. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Rent deposits | 10,000 | -
| Trade creditors | 20,989 | 3,746
| Corporation tax | - | 7,831
| Other taxation and social security | 13,623 | -
| Loan from subsidiary company | - | 143,000
| Accruals and deferred income | 3,565 | 1,175
|  | 48,177 | 155,752
9. | Financial instruments
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Financial assets |  |
| Financial assets measured at fair value through profit or loss | 7,389,988 | -
| Financial assets measured at fair value through profit or loss comprise fixed asset investments with a cost price of £7,283,094.
10. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 39,355 (2024 - 39,355) Ordinary shares of £1.00 each | 39,355 | 39,355
Page 10