| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2025 |
| FOR |
| S C BROWN ASSOCIATES LIMITED |
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2025 |
| FOR |
| S C BROWN ASSOCIATES LIMITED |
| S C BROWN ASSOCIATES LIMITED (REGISTERED NUMBER: 03346716) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2025 |
| Page |
| Balance Sheet | 1 |
| Notes to the Financial Statements | 3 |
| S C BROWN ASSOCIATES LIMITED (REGISTERED NUMBER: 03346716) |
| BALANCE SHEET |
| 31 MARCH 2025 |
| 2025 | 2024 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investments | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | 8 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 9 |
| Fair value reserve | 10 |
| Retained earnings | 10 |
| SHAREHOLDERS' FUNDS |
| S C BROWN ASSOCIATES LIMITED (REGISTERED NUMBER: 03346716) |
| BALANCE SHEET - continued |
| 31 MARCH 2025 |
| 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 were approved by the Board of Directors and authorised for issue on |
| S C BROWN ASSOCIATES LIMITED (REGISTERED NUMBER: 03346716) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2025 |
| 1. | STATUTORY INFORMATION |
| S C Brown Associates Limited is a |
| Registered number: |
| Registered office: |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Preparation of consolidated financial statements |
| The financial statements contain information about S C Brown Associates Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Tangible fixed assets |
| Equipment | - |
| Fixtures and fittings | - |
| Investments in subsidiaries |
| Investments in subsidiary undertakings are recognised at cost. |
| 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. |
| S C BROWN ASSOCIATES LIMITED (REGISTERED NUMBER: 03346716) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2025 |
| 2. | ACCOUNTING POLICIES - continued |
| 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. |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| and |
| Equipment | fittings | Totals |
| £ | £ | £ |
| COST |
| At 1 April 2024 |
| and 31 March 2025 |
| DEPRECIATION |
| At 1 April 2024 |
| Charge for year |
| At 31 March 2025 |
| NET BOOK VALUE |
| At 31 March 2025 |
| At 31 March 2024 |
| S C BROWN ASSOCIATES LIMITED (REGISTERED NUMBER: 03346716) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2025 |
| 5. | FIXED ASSET INVESTMENTS |
| Shares in |
| group | Other |
| undertakings | investments | Totals |
| £ | £ | £ |
| COST OR VALUATION |
| At 1 April 2024 | 879,050 |
| Disposals | ( |
) | (149,910 | ) |
| Revaluations | 20 |
| At 31 March 2025 | 729,160 |
| NET BOOK VALUE |
| At 31 March 2025 | 729,160 |
| At 31 March 2024 | 879,050 |
| Cost or valuation at 31 March 2025 is represented by: |
| Shares in |
| group | Other |
| undertakings | investments | Totals |
| £ | £ | £ |
| Valuation in 2016 | - | 134,263 | 134,263 |
| Valuation in 2017 | - | 72,064 | 72,064 |
| Valuation in 2018 | - | (9,039 | ) | (9,039 | ) |
| Valuation in 2019 | - | (2,563 | ) | (2,563 | ) |
| Valuation in 2020 | - | (18,587 | ) | (18,587 | ) |
| Valuation in 2021 | - | 20,531 | 20,531 |
| Valuation in 2022 | - | 12,200 | 12,200 |
| Valuation in 2023 | - | (21,558 | ) | (21,558 | ) |
| Valuation in 2024 | - | (21,052 | ) | (21,052 | ) |
| Valuation in 2025 | - | 20 | 20 |
| Cost | 100 | 562,781 | 562,881 |
| 100 | 729,060 | 729,160 |
| S C BROWN ASSOCIATES LIMITED (REGISTERED NUMBER: 03346716) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2025 |
| 5. | FIXED ASSET INVESTMENTS - continued |
| The company owns issued share capital in the subsidiary company below: |
| S C Brown Associates Doo |
| Country of incorporation: Montenegro |
| Ordinary shares - 100% |
| Under the provision of section 399 of the Companies Act 2006 the company is exempt from preparing consolidated accounts and has not done so, therefore the accounts show information about the company as an individual entity only. |
| Other shares have been included at an open market valuation provided by the portfolio management company. The valuation of precious metals at 31 March 2025 is calculated with reference to the value of silver bars at the year end date. |
| A number of the freehold investment properties were valued at £440,000 on an open market basis on 31 March 2010 by an independent third party estate agent. The historical cost of all properties amounts to £394,318 (31 March 2024 £462,610) and in the opinion of the directors the valuation of these properties remains approximately £551,823 (31 March 2024 £661,823). |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 8. | PROVISIONS FOR LIABILITIES |
| 2025 | 2024 |
| £ | £ |
| Deferred tax | 29,663 | 29,659 |
| S C BROWN ASSOCIATES LIMITED (REGISTERED NUMBER: 03346716) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2025 |
| 8. | PROVISIONS FOR LIABILITIES - continued |
| Deferred |
| tax |
| £ |
| Balance at 1 April 2024 |
| Charge to Profit and loss account during year |
| Balance at 31 March 2025 |
| 9. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2025 | 2024 |
| value: | £ | £ |
| Ordinary A | £1 | 10 | 10 |
| Ordinary B | 50p | 5 | 5 |
| Ordinary C | 10p | 1 | 1 |
| 16 | 16 |
| 10. | RESERVES |
| Fair |
| Retained | value |
| earnings | reserve | Totals |
| £ | £ | £ |
| At 1 April 2024 | 714,794 |
| Profit for the year |
| Movement in the year | - | (54,378 | ) | (54,378 | ) |
| At 31 March 2025 | 731,582 |
| 11. | RELATED PARTY DISCLOSURES |
| Mr N Brown paid the Company £39,412 at open market value for the acquisition of its bullion investment assets. |
| 12. | ULTIMATE CONTROLLING PARTY |
| The ultimate controlling party is |