REGISTERED NUMBER: 05398062 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Michael Browne Associates Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M J Browne

Ms A C Smith

SECRETARY:

Ms A C Smith

REGISTERED OFFICE:

The Cloisters

168c Station Road

Lower Stondon

Bedfordshire

SG16 6JQ

REGISTERED NUMBER:

05398062 (England and Wales)

ACCOUNTANTS:

D and E Accountancy Ltd

Tax Advisors and Accountants

2nd Floor, 2 Walsworth Road

Hitchin

Hertfordshire

SG4 9SP

FIXED ASSETS

Intangible assets

4

-

3,000

Tangible assets

5

2,411

3,214

Investments

6

125

125

2,536

6,339

CURRENT ASSETS

Debtors

7

42,007

59,617

Cash at bank and in hand

19,798

17,916

61,805

77,533

CREDITORS

Amounts falling due within one year

8

12,197

8,735

NET CURRENT ASSETS

49,608

68,798

TOTAL ASSETS LESS CURRENT LIABILITIES

52,144

75,137

CREDITORS

Amounts falling due after more than one year

9

15,356

25,420

NET ASSETS

36,788

49,717

CAPITAL AND RESERVES

Called up share capital

11

100

100

Retained earnings

12

36,688

49,617

SHAREHOLDERS' FUNDS

36,788

49,717

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 January 2026 and were signed on its behalf by:

M J Browne - Director

1.	STATUTORY INFORMATION

Michael Browne Associates Ltd 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.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss 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

60,000

AMORTISATION

At 1 April 2024

57,000

Charge for year

3,000

At 31 March 2025

60,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

3,000

5.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 April 2024

and 31 March 2025

35,659

DEPRECIATION

At 1 April 2024

32,445

Charge for year

803

At 31 March 2025

33,248

NET BOOK VALUE

At 31 March 2025

2,411

At 31 March 2024

3,214

6.	FIXED ASSET INVESTMENTS

Other

investment

£

COST

At 1 April 2024

and 31 March 2025

125

NET BOOK VALUE

At 31 March 2025

125

At 31 March 2024

125

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Nelson Browne Management Limited

Registered office:

Nature of business: Theatre and TV Performers Agency

%

Class of shares:

holding

Ordinary £1

50.00

30.11.24

30.11.23

£

£

Aggregate capital and reserves

(15,808

)

(9,111

)

(Loss)/profit for the year

(6,697

)

3,558

Angela Browne Limited

Registered office:

Nature of business: Theatre Production Company

%

Class of shares:

holding

Ordinary £1 shares

100.00

31.3.25

31.3.24

£

£

Aggregate capital and reserves

3,916

16,192

Profit for the year

3,324

11,343

7.

DEBTORS

31.3.25

31.3.24

£

£

Amounts falling due within one year:

Trade debtors

17,650

34,237

Amounts owed by group undertakings

1,135

4,135

Other debtors

11,038

9,061

29,823

47,433

31.3.25

31.3.24

£

£

Amounts falling due after more than one year:

Other debtors

12,184

12,184

Aggregate amounts

42,007

59,617

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

6,262

1,972

Taxation and social security

1,390

1,525

Other creditors

4,545

5,238

12,197

8,735

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

15,356

25,420

10.	DEFERRED TAX

£

Balance at 1 April 2024

(5,589

)

Accelerated Capital Allowances

(1,977

)

Balance at 31 March 2025

(7,566

)

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

100

Ordinary

£1

100

100

12.

RESERVES

Retained

earnings

£

At 1 April 2024

49,617

Deficit for the year

(11,429

)

Dividends

(1,500

)

At 31 March 2025

36,688

13.

CONTROL

No shareholder had full control of the company, the company is under the control of the Directors through their combined shareholdings.