REGISTERED NUMBER: SC465681 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

R & J M Hill Brown & Co Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Ms A A Junner

Miller Samuel Hill Brown LLP

E L Laverty

SECRETARY:

Ms A A Junner

REGISTERED OFFICE:

5 Renfield Street

Glasgow

G2 5EZ

REGISTERED NUMBER:

SC465681 (Scotland)

ACCOUNTANTS:

Gillespie & Anderson

Chartered Accountants

147 Bath Street

Glasgow

G2 4SN

FIXED ASSETS

Intangible assets

4

24,792

99,954

Tangible assets

5

-

-

24,792

99,954

CURRENT ASSETS

Debtors

6

181,843

213,224

Cash at bank

89,374

89,725

271,217

302,949

CREDITORS

Amounts falling due within one year

7

210,986

306,395

NET CURRENT ASSETS/(LIABILITIES)

60,231

(3,446

)

TOTAL ASSETS LESS CURRENT LIABILITIES

85,023

96,508

CAPITAL AND RESERVES

Called up share capital

110

110

Retained earnings

84,913

96,398

SHAREHOLDERS' FUNDS

85,023

96,508

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 August 2025 and were signed on its behalf by:

Ms A A Junner - Director

1.	STATUTORY INFORMATION

R & J M Hill Brown & Co Limited is a private company, limited by shares , registered in Scotland. 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.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. The financial statements have been prepared under the historical cost convention.

Going Concern

The financial statements are prepared on the going concern basis of accounting as, in the opinion of the directors, there are no matters of material uncertainty which cast doubt on the company's ability to continue.

Significant judgements and estimates

In preparing the financial statements, management is required to make judgements, estimates and assumptions, based on historical experience and other relevant factors. Actual results may differ from these best estimates, which are reviewed on an ongoing basis.

The items in the financial statements where these judgements are required (and the factors in play) include trade debtors (recovery thereof), fixed assets (depreciation rates & impairment) and accruals (estimating liability).

Turnover & revenue recognition

Turnover represents net invoiced sales of legal services, excluding value added tax, as adjusted for unbilled work at the end of the year

Revenue is recognised as earned when, and to the extent that, the firm obtains the right to consideration in exchange for its performance under the contracts it has in place to provide legal services. It is measured at the fair value of the right to consideration, which represents amounts chargeable to clients, including expenses and disbursements.

Revenue is generally recognised as contract activity progresses so that for incomplete contracts it reflects the partial performance of the contractual obligations. For such contracts, the amount of revenue reflects the accrual of the right to consideration by reference to the value of the work performed. Revenue not billed to clients at the financial year end is included in debtors as amounts recoverable from clients in respect of unbilled work performed.

Goodwill

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life, between 2 and 10 years.

It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost and 20% on reducing balance

Financial instruments

The company has no complex financial instruments but does hold basic financial instruments of cash at bank, debtors and creditors.

Cash and cash equivalents comprise solely of cash at bank, with any bank overdraft shown within current liabilities, recognised at historic cost.

Trade and other debtors are initially recognised at transaction price and subsequently measured at amortised cost using the effective interest method, less any impairment for bad debts (except where the effect of discounting would be immaterial, in which case, trade and other debtors are stated at cost less impairment).

Similarly, trade and other creditors are also recognised initially at transaction price, with subsequent measurements at amortised cost using the effective interest method, less any impairment for non-payment (except where the effect of discounting would be immaterial, in which case, trade and other creditors are stated at cost less impairment).

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Provision for liabilities

A provision is initially recognised when there is an obligation at the balance sheet date as the result of a past event, it is probable that there will be the transfer of funds in settlement and the amount of the obligation can be estimated reliably. The provision is subsequently measured by placing a charge against the provision only for expenditure for which the provision was originally recognised.

Employee benefits

The total cost of employee benefits to which employees have become entitled as a result of service rendered to the entity during the reporting period are recognised and charged to the profit and loss account in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

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

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

24,792

AMORTISATION

At 1 April 2024

(75,162

)

Charge for year

75,162

At 31 March 2025

-

NET BOOK VALUE

At 31 March 2025

24,792

At 31 March 2024

99,954

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

13,986

DEPRECIATION

At 1 April 2024

and 31 March 2025

13,986

NET BOOK VALUE

At 31 March 2025

-

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

125,015

153,798

Other debtors

56,828

59,426

181,843

213,224

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

-

3,583

Trade creditors

65,034

58,110

Amounts owed to group undertakings

46,282

125,010

Taxation and social security

50,306

34,337

Other creditors

49,364

85,355

210,986

306,395

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

-

3,583

A floating charge is held by the Royal Bank of Scotland plc over the assets of the company.

The Company received a Business Interruption Loan from the Royal Bank of Scotland in April 2020 for £129,000. Interest was chargeable at 4.59% over base rate and was secured by a bond and floating charge over the assets of the Company.

9.	RELATED PARTY DISCLOSURES

Details of inter group related party transactions have not been disclosed in accordance with the exemption available in section 33 of FRS 102.

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Miller Samuel Hill Brown LLP.

The registered office address of Miller Samuel Hill Brown LLP is 5 Renfield Street, Glasgow G2 5EZ.