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REGISTERED NUMBER: 00324283 (England and Wales)

R.J.Brown & Sons Limited

Unaudited Financial Statements

for the Year Ended 28th February 2025

R.J.Brown & Sons Limited (Registered number: 00324283)

Contents of the Financial Statements

for the Year Ended 28th February 2025

Page |

Company Information | 1 |

Statement of Financial Position | 2 |

Notes to the Financial Statements | 4 |

R.J.Brown & Sons Limited

Company Information

for the Year Ended 28th February 2025

| DIRECTORS: | W E C Cursham

| N W Turner

| SECRETARY: | W E C Cursham

| REGISTERED OFFICE: | 12 Bridgford Road

| West Bridgford

| Nottingham

| NG2 6AB

| REGISTERED NUMBER: | 00324283 (England and Wales)

| ACCOUNTANTS: | Brooks Mayfield Limited

| Chartered Accountants

| 12 Bridgford Road

| West Bridgford

| Nottinghamshire

| NG2 6AB

| BANKERS: | Lloyds Bank

| 12 - 16 Lower Parliment Street

| Nottingham

| NG1 3DA

| SOLICITORS: | Knights PLC

| Embankment House

| Electric Avenue

| Nottingham

| NG2 1AS

R.J.Brown & Sons Limited (Registered number: 00324283)

Statement of Financial Position

28th February 2025

| 2025 |  | 2024

| Notes | £ | £ |

FIXED ASSETS

Tangible assets | 5 | 14,248,923 |  | 14,248,923 |  |

Investments | 6 | 91,084 |  | 81,166 |  |

14,340,007 |  | 14,330,089 |  |

CURRENT ASSETS

Debtors | 7 | 91,849 |  | 101,418 |  |

Cash at bank | 11,872 |  | 36,864 |  |

103,721 |  | 138,282 |  |

CREDITORS

Amounts falling due within one year | 8 | (159,195 | ) | (148,717 | ) |

NET CURRENT LIABILITIES | (55,474 | ) | (10,435 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 14,284,533 |  | 14,319,654 |  |

PROVISIONS FOR LIABILITIES | (2,344,301 | ) | (2,341,822 | ) |

NET ASSETS | 11,940,232 |  | 11,977,832 |  |

CAPITAL AND RESERVES

Called up share capital | 9 | 3,950 |  | 3,950 |  |

Capital redemption reserve | 10 | 122,720 |  | 122,720 |  |

Retained earnings | 10 | 11,813,562 |  | 11,851,162 |  |

SHAREHOLDERS' FUNDS | 11,940,232 |  | 11,977,832 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 2025 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.

R.J.Brown & Sons Limited (Registered number: 00324283)

Statement of Financial Position - continued

28th February 2025

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21st October 2025 and were signed on its behalf by:

W E C Cursham - Director

N W Turner - Director

R.J.Brown & Sons Limited (Registered number: 00324283)

Notes to the Financial Statements

for the Year Ended 28th February 2025

1. | STATUTORY INFORMATION

| R.J.Brown & Sons 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.

| The presentation currency of the financial statements is the Pound Sterling (£).

2. | STATEMENT OF COMPLIANCE

| 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.

3. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| 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.

| Turnover

| Turnover is measured at the fair value of rent charged spread over the period to which it relates

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Freehold property | - | None on investment property

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| 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 statement of financial position date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 year 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.

4. | EMPLOYEES AND DIRECTORS

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

R.J.Brown & Sons Limited (Registered number: 00324283)

Notes to the Financial Statements - continued

for the Year Ended 28th February 2025

5. | TANGIBLE FIXED ASSETS

| Freehold

| property

£ |

| COST OR VALUATION

| At 1st March 2024

| and 28th February 2025 | 14,248,923 |  |

| NET BOOK VALUE

| At 28th February 2025 | 14,248,923 |  |

| At 29th February 2024 | 14,248,923 |  |

| Cost or valuation at 28th February 2025 is represented by:

| Freehold

| property

£ |

| Valuation in 2013 | 9,358,202 |  |

| Valuation in 2014 | 938,921 |  |

| Valuation in 2015 | 816,204 |  |

| Valuation in 2016 | (194,854 | ) |

| Valuation in 2017 | (77,044 | ) |

| Valuation in 2018 | (80,514 | ) |

| Valuation in 2019 | (59,177 | ) |

| Valuation in 2020 | 51,584 |  |

| Valuation in 2023 | 2,012,245 |  |

| Cost | 1,483,356 |  |

14,248,923 |  |

| Investment properties are included in these financial statements at fair value. The professional revaluation was last carried out during 2023 by chartered surveyors who are RICS registered valuers. The directors do not believe there has been a material movement in these values since this date.

6. | FIXED ASSET INVESTMENTS

| Listed

| investments

£ |

| COST OR VALUATION

| At 1st March 2024 | 81,166 |  |

| Revaluations | 9,918 |  |

| At 28th February 2025 | 91,084 |  |

| NET BOOK VALUE

| At 28th February 2025 | 91,084 |  |

| At 29th February 2024 | 81,166 |  |

R.J.Brown & Sons Limited (Registered number: 00324283)

Notes to the Financial Statements - continued

for the Year Ended 28th February 2025

6. | FIXED ASSET INVESTMENTS - continued

| Cost or valuation at 28th February 2025 is represented by:

| Listed

| investments

£ |

| Valuation in 2017 | 42,203 |  |

| Valuation in 2018 | 4,464 |  |

| Valuation in 2019 | 3,281 |  |

| Valuation in 2020 | (7,137 | ) |

| Valuation in 2021 | (4,340 | ) |

| Valuation in 2022 | 15,705 |  |

| Valuation in 2023 | (15,185 | ) |

| Valuation in 2024 | (3,753 | ) |

| Valuation in 2025 | 9,918 |  |

| Cost | 45,928 |  |

91,084 |  |

7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Rents held by agent | 33,268 |  | 34,889 |  |

| Rental arrears | 48,227 |  | 56,315 |  |

| Prepayments | 10,354 |  | 10,214 |  |

91,849 |  | 101,418 |  |

8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade creditors | 9,714 |  | 10,442 |  |

| Amounts owed to participating interests | 68,802 |  | 64,184 |  |

| Tax | 62,294 |  | 56,092 |  |

| Accruals and deferred income | 18,385 |  | 17,999 |  |

159,195 |  | 148,717 |  |

9. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 3,950 | Ordinary shares | £1.00 | 3,950 |  | 3,950 |  |

R.J.Brown & Sons Limited (Registered number: 00324283)

Notes to the Financial Statements - continued

for the Year Ended 28th February 2025

10. | RESERVES

| Capital |

| Retained |  | redemption |

| earnings |  | reserve |  | Totals

£ | £ | £ |

| At 1st March 2024 | 11,851,162 |  | 122,720 |  | 11,973,882 |  |

| Profit for the year | 197,666 |  | 197,666 |  |

| Dividends | (235,266 | ) | (235,266 | ) |

| At 28th February 2025 | 11,813,562 |  | 122,720 |  | 11,936,282 |  |

| Included within the retained earnings is £10,466,420 (2024: £10,458,980) of reserves which relate to the revaluation of assets and are therefore undistributable. This is made up of adjustments to fair value of £12,810,720 (2024: £12,800,802) less deferred tax on the revaluations of £2,344,300 (2024: £2,341,822).