| Mellows Brown & Co. Limited |
| Registered number: |
00649228 |
| Balance Sheet |
| as at 31 March 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
4 |
|
|
3,165,239 |
|
|
3,171,908 |
| Investments |
5 |
|
|
2,506 |
|
|
1,715 |
|
|
|
|
3,167,745 |
|
|
3,173,623 |
|
| Current assets |
| Debtors |
6 |
|
6,335 |
|
|
595 |
| Cash at bank and in hand |
|
|
251,191 |
|
|
241,115 |
|
|
|
257,526 |
|
|
241,710 |
|
| Creditors: amounts falling due within one year |
7 |
|
(36,945) |
|
|
(45,986) |
|
| Net current assets |
|
|
|
220,581 |
|
|
195,724 |
|
| Total assets less current liabilities |
|
|
|
3,388,326 |
|
|
3,369,347 |
|
|
| Provisions for liabilities |
| Deferred taxation |
8 |
|
|
(566,800) |
|
|
(566,800) |
|
| Net assets |
|
|
|
2,821,526 |
|
|
2,802,547 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
5,000 |
|
|
5,000 |
| Revaluation reserve |
9 |
|
|
2,324,081 |
|
|
2,324,081 |
| Profit and loss account |
|
|
|
492,445 |
|
|
473,466 |
|
| Shareholders' funds |
|
|
|
2,821,526 |
|
|
2,802,547 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
| I D M Brown |
| Director |
| Approved by the board on 16 December 2025 |
|
| Mellows Brown & Co. Limited |
| Notes to the Accounts |
| for the year ended 31 March 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Tangible fixed assets |
|
Investment property |
|
|
Investment property is included at fair value. Changes in fair value are recognised in the profit and loss account. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold. |
|
No depreciation is provided on investment properties. |
|
|
Other tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Motor vehicles |
25% on written down value |
|
Fixtures, fittings and office equipment |
25% on written down value |
|
|
|
|
. |
|
Investments |
|
Listed investments are measured at fair value. Changes in fair value are included in the profit and loss account. |
|
|
Government or local authority grants |
|
Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to the profit and loss account at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income. Grants of a revenue nature are recognised in "other operating income" within profit and loss in the same period as the related expenditure. The company has not benefited from any other forms of government assistance. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
2 |
|
3 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Taxation |
2025 |
|
2024 |
| £ |
£ |
|
Current corporation tax at 19% on the profit for the year |
2,412 |
|
6,336 |
|
Deferred taxation : |
|
Deferred tax on property revaluation |
- |
|
- |
|
|
|
|
|
|
2,412 |
|
6,336 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Tangible fixed assets |
|
|
Investment property - land and buildings |
|
Fixtures, fittings and office equipment |
|
Motor vehicles |
|
Total |
| £ |
£ |
£ |
£ |
|
Cost or valuation |
|
At 1 April 2024 |
3,165,000 |
|
32,942 |
|
24,390 |
|
3,222,332 |
|
Disposals |
- |
|
- |
|
(24,390) |
|
(24,390) |
|
At 31 March 2025 |
3,165,000 |
|
32,942 |
|
- |
|
3,197,942 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2024 |
- |
|
32,626 |
|
17,798 |
|
50,424 |
|
Charge for the year |
- |
|
77 |
|
- |
|
77 |
|
On disposals |
- |
|
- |
|
(17,798) |
|
(17,798) |
|
At 31 March 2025 |
- |
|
32,703 |
|
- |
|
32,703 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2025 |
3,165,000 |
|
239 |
|
- |
|
3,165,239 |
|
At 31 March 2024 |
3,165,000 |
|
316 |
|
6,592 |
|
3,171,908 |
|
|
|
|
|
|
|
|
|
|
|
Freehold land and buildings: |
2025 |
|
2024 |
| £ |
£ |
|
Historical cost |
272,770 |
|
272,770 |
|
Cumulative depreciation based on historical cost |
- |
|
- |
|
|
|
|
|
|
272,770 |
|
272,770 |
|
|
The freehold land and buildings were revalued as at 31 March 2023. The valuations were on the basis of open market value and were carried out professionally by chartered surveyors. |
|
| 5 |
Investments |
|
| Listed |
| investments |
| £ |
|
Valuation |
|
At 1 April 2024 |
1,715 |
|
Additions |
92 |
|
Revaluation |
699 |
|
At 31 March 2025 |
2,506 |
|
|
|
|
|
|
|
|
|
|
Historical cost |
|
At 1 April 2024 |
2,848 |
|
At 31 March 2025 |
2,940 |
|
|
|
|
|
|
|
|
|
|
|
| 6 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Other debtors |
6,335 |
|
595 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Taxation and social security costs |
3,908 |
|
9,836 |
|
Other creditors |
33,037 |
|
36,150 |
|
|
|
|
|
|
36,945 |
|
45,986 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Provision for liabilities |
2025 |
|
2024 |
|
Deferred taxation |
£ |
£ |
|
|
At 1 April 2024 |
566,800 |
|
566,800 |
|
Charge for the year to the profit and loss account |
- |
|
- |
|
At 31 March 2025 |
566,800 |
|
566,800 |
|
|
|
|
|
|
|
|
|
|
The provision for deferred taxation represents the corporation tax which would be payable should the Company sell its freehold property for the value shown in these accounts. The rate of tax used when calculating the provision is 25% (2024:25%) |
|
|
|
| 9 |
Revaluation reserve |
2025 |
|
2024 |
| £ |
£ |
|
|
At 1 April 2024 |
2,324,081 |
|
2,324,081 |
|
|
At 31 March 2025 |
2,324,081 |
|
2,324,081 |
|
|
|
|
|
|
|
|
|
|
| 10 |
Controlling party |
|
|
The directors, together with other family members, control the company by virtue of their shareholdings. No director or individual member has overall control. |
|
|
| 11 |
Other information |
|
|
Mellows Brown & Co. Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
C/o Begbies |
|
9 Bonhill Street |
|
London |
|
EC2A 4DJ |