REGISTERED NUMBER: 10865979 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

FOR

JPW BROWN LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

W P Brown

Ms P E Clint

J M Brown

REGISTERED OFFICE:

41 Knighton Road

London

E7 0EE

REGISTERED NUMBER:

10865979 (England and Wales)

ACCOUNTANTS:

Galloways Accounting (Hove) Limited

15 West Street

Brighton

East Sussex

BN1 2RL

FIXED ASSETS

Tangible assets

3

-

68

Investment property

4

338,000

333,000

338,000

333,068

CURRENT ASSETS

Debtors

5

1,533

1,038

Cash at bank

4,398

1,513

5,931

2,551

CREDITORS

Amounts falling due within one year

6

89,769

81,734

NET CURRENT LIABILITIES

(83,838

)

(79,183

)

TOTAL ASSETS LESS CURRENT LIABILITIES

254,162

253,885

CREDITORS

Amounts falling due after more than one year

7

(175,602

)

(175,773

)

PROVISIONS FOR LIABILITIES

(19,639

)

-

NET ASSETS

58,921

78,112

CAPITAL AND RESERVES

Called up share capital

3

3

Retained earnings

58,918

78,109

SHAREHOLDERS' FUNDS

58,921

78,112

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 20 April 2026 and were signed on its behalf by:

W P Brown - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared on the basis that the company will continue to be a going concern. If this assumption is not considered valid, then adjustments would need to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that might arise and to reclassify fixed assets and long term liabilities as current assets and liabilities.

Turnover

Turnover represents the following types of income:

- Rental income

- Income from the sale of properties

All income is recognised on a receivable basis.

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 - Straight line over 7 years

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

3.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 August 2024

and 31 July 2025

3,399

DEPRECIATION

At 1 August 2024

3,331

Charge for year

68

At 31 July 2025

3,399

NET BOOK VALUE

At 31 July 2025

-

At 31 July 2024

68

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 August 2024

333,000

Revaluations

5,000

At 31 July 2025

338,000

NET BOOK VALUE

At 31 July 2025

338,000

At 31 July 2024

333,000

The 2025 valuations were made by the directors.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

250

-

Prepayments

1,283

1,038

1,533

1,038

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Directors' current accounts

89,193

81,193

Accrued expenses

576

541

89,769

81,734

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans (see note 8)

175,602

175,773

2025

2024

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

175,602

175,773

8.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

175,602

175,773

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, W Brown, J Brown & Ms P Clint maintained their loan to the company. As at 31 July 2025 the company owed them £81,193 (2024: £81,193). This balance represented the maximum amount outstanding during the year and the loan is interest free and repayable on demand.

10.	ULTIMATE CONTROLLING PARTY

The controlling party is W P Brown, J M Brown & Ms P E Clint.

This was by virtue of their 100% holding of the issued share capital.

11.	ACCOUNTING BASIS

As stated in the accounting policy note, these financial statements have been prepared on the basis that the company will continue to be a going concern. During the year the current liabilities exceeded current assets by £83,839.

The validity of this basis depends upon the continued support of the company's directors. The directors confirm that they will give the required support.

12.

RESERVES

As at the year end 31 July 2025, the company had retained earnings of £58,918 of which £96,463 related to property revaluation. Therefore there is a deficit of £37,545.