REGISTERED NUMBER: 06859587 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

MAXBBROWN LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Mr M B Brown

SECRETARY:

Mr D Brown

REGISTERED OFFICE:

Pierrepont Reeds Cottage

The Reeds

Frensham

Farnham

Surrey

GU10 3BP

REGISTERED NUMBER:

06859587 (England and Wales)

ACCOUNTANTS:

Thorne Lancaster Parker

5th Floor

Palladium House

1-4 Argyll Street

London

W1F 7TA

FIXED ASSETS

Property, plant and equipment

5

862

1,149

CURRENT ASSETS

Debtors

6

2,561

61,027

CREDITORS

Amounts falling due within one year

7

(22,760

)

(23,090

)

NET CURRENT (LIABILITIES)/ASSETS

(20,199

)

37,937

TOTAL ASSETS LESS CURRENT LIABILITIES

(19,337

)

39,086

CREDITORS

Amounts falling due after more than one year

8

(27,847

)

(32,571

)

PROVISIONS FOR LIABILITIES

10

(164

)

(218

)

NET (LIABILITIES)/ASSETS

(47,348

)

6,297

CAPITAL AND RESERVES

Called up share capital

11

600

600

Retained earnings

(47,948

)

5,697

SHAREHOLDERS' FUNDS

(47,348

)

6,297

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 director acknowledges his 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 January 2026 and were signed by:

Mr M B Brown - Director

1.	STATUTORY INFORMATION

Maxbbrown 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 under the historical cost convention.

Turnover

Revenue is the total amount receivable, excluding value added tax, for services provided in the ordinary course of business.

Revenue is recognised at the fair value of the consideration received or receivable for sale of services to external customers in the ordinary nature of the business. The fair value of the consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue is shown net of Value Added Tax.

Tangible fixed assets

Property, plant and equipment are stated at cost (or deemed cost) less accumulated depreciation and accumulated impairment losses. Such cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all property, plant and equipment, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows;

Fixtures and fittings

- 25% on reducing balance

The carrying values of tangible fixed assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable.

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 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

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.

Cash and cash equivalents

Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and short term deposits with an original maturity date of three months or less.

Financial instruments

The company has the following basic financial instruments.

Basic financial assets

Other debtors, directors' current accounts and cash and bank balances are initially recognised at transaction price and subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period basic financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss.

If there is decrease in the impairment loss arising from an event occurring after the impairment was recognised the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Basic financial assets are derecognised when (a) the contractual rights to the cash flows from the assets expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Basic financial liabilities

Other creditors and accruals are initially recognised at transaction price and subsequently carried at amortised cost, using the effective interest rate method.

Basic financial liabilities are derecognised when the contractual obligation is discharged, cancelled or expired.

4.	EMPLOYEES AND DIRECTORS

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

5.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

2,628

1,845

4,473

DEPRECIATION

At 1 April 2024

2,392

932

3,324

Charge for year

59

228

287

At 31 March 2025

2,451

1,160

3,611

NET BOOK VALUE

At 31 March 2025

177

685

862

At 31 March 2024

236

913

1,149

6.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Directors' current accounts

-

58,466

Amounts falling due after more than one year:

Other debtors-loan interest

2,561

2,561

Aggregate amounts

2,561

61,027

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts (see note 9)

9,895

9,176

Trade creditors

-

1

Corporation tax

216

5,477

VAT

23

186

Other creditors

3,060

3,000

Directors' current accounts

1,316

-

Accrued expenses

8,250

5,250

22,760

23,090

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans (see note 9)

27,847

32,571

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

4,559

9.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

9,895

9,176

Amounts falling due between two and five years:

Bank loans - 2-5 years

27,847

28,012

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

4,559

On 13th of October 2020 the company was given a Bounce Back Loan of £39,500 with interest payable of 2.5% per year through Natwest Bank.

The capital element of the loan of £39,500 plus interest of £2,561.20 amounted to £42,061.20 was required to be repaid by 60 monthly instalments of £701.02 The company was also given a repayment holiday period of 12 months from 13.10.2020, the date on which the loan was drawn.

The first instalment is due a month after the date on which the repayment holiday ends.

10.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

164

218

Deferred

tax

£

Balance at 1 April 2024

218

Movements in the year

(54

)

Balance at 31 March 2025

164

The provision for deferred taxation is made up of accelerated capital allowances.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

500

Ordinary

£1

500

500

100

Ordinary A

£1

100

100

600

600

12.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the company owed £1,316 (2024: £58,466 by) to Mr M B Brown. The amount due from the director is unsecured and repayable on demand.

13.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr M B Brown.