REGISTERED NUMBER: 07393660 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

DAVID BROWNE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr O P A Chatelain

REGISTERED OFFICE:

2 St Marys Road

Tonbridge

Kent

TN9 2LB

REGISTERED NUMBER:

07393660 (England and Wales)

ACCOUNTANTS:

Cube Partners Limited

Chartered Accountants

5 Giffard Court

Millbrook Close

Northampton

Northamptonshire

NN5 5JF

FIXED ASSETS

Tangible assets

4

14,911

14,661

Investment property

5

1,149,336

875,000

1,164,247

889,661

CURRENT ASSETS

Debtors

6

1,597

17,779

Cash at bank

15,963

17,224

17,560

35,003

CREDITORS

Amounts falling due within one year

7

71,346

91,607

NET CURRENT LIABILITIES

(53,786

)

(56,604

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,110,461

833,057

CREDITORS

Amounts falling due after more than one year

8

(855,116

)

(625,179

)

PROVISIONS FOR LIABILITIES

(545

)

-

NET ASSETS

254,800

207,878

CAPITAL AND RESERVES

Called up share capital

160,000

160,000

Fair value reserve

10

215,162

215,162

Retained earnings

(120,362

)

(167,284

)

254,800

207,878

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 1 June 2026 and were signed by:

Mr O P A Chatelain - Director

1.	STATUTORY INFORMATION

David Browne 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.	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 as modified by the revaluation of certain assets.

The financial statements have been prepared on a going concern basis. The company shows negative at retained earnings at the year end, however the directors have assessed the company's forecasts and funding position, and have concluded that no material uncertainty exists which may cast significant doubt on the company's ability to continue as a going concern.

Significant judgements and estimates

In the application of the company's accounting policies, the directors are required to make judgments, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

Turnover

Turnover is measured at the fair value of consideration received or receivable for services provided in the normal course of business, and is shown net of value added tax and other sales related taxes.

Revenue from sale of services is recognised when the stage of completion of the transaction can be measured reliably. To the extent that the service provided has not been billed at the balance sheet date, the amount is recognised as revenue and recorded as accrued income. Sales billed in advance of the services being provided are recognised as deferred income.

Tangible fixed assets

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

Computer equipment

-

25% on cost

Tangible fixed assets are stated at historical cost less accumulated depreciation. Cost includes the original purchase price of the asset and the costs attributable to bringing the asset to its working condition for its intended use.

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

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.

Financial instruments

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

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the statement of comprehensive income and under administrative expenses.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2025 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 April 2025

19,095

Additions

5,615

At 31 March 2026

24,710

DEPRECIATION

At 1 April 2025

4,434

Charge for year

5,365

At 31 March 2026

9,799

NET BOOK VALUE

At 31 March 2026

14,911

At 31 March 2025

14,661

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

875,000

Additions

274,336

At 31 March 2026

1,149,336

NET BOOK VALUE

At 31 March 2026

1,149,336

At 31 March 2025

875,000

Fair value at 31 March 2026 is represented by:

£

Valuation in 2016

676,325

Valuation in 2020

(150,000

)

Valuation in 2021

(225,259

)

Valuation in 2022

40,000

Valuation in 2024

(90,000

)

Cost

898,270

1,149,336

The investment properties have been revalued by the directors.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Other debtors

1,597

17,779

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

1,231

3,275

Taxation and social security

9,565

12,483

Other creditors

60,550

75,849

71,346

91,607

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

782,875

625,179

Other creditors

72,241

-

855,116

625,179

Amounts falling due in more than five years:

Repayable by instalments

Bank loans

782,875

625,179

9.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank loans

782,875

-

Mortgages are secured by a fixed and floating charge over the investment properties.

10.

RESERVES

Fair

value

reserve

£

At 1 April 2025

and 31 March 2026

215,162

11.	RELATED PARTY DISCLOSURES

At the balance sheet date, the amount due to related parties was £130,891 (2025: £73,649). Interest has not been charged on these loans and there are no fixed terms of repayment.