REGISTERED NUMBER: 03681684 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2025

for

Browns Estate Agency Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S J Brown

R S Brown

SECRETARY:

R S Brown

REGISTERED OFFICE:

Office 11

Gloucester House

72 Church Road

Stockton on Tees

Cleveland

TS18 1TW

REGISTERED NUMBER:

03681684 (England and Wales)

ACCOUNTANTS:

Clive Owen LLP

Chartered Accountants

140 Coniscliffe Road

DARLINGTON

Co Durham

DL3 7RT

FIXED ASSETS

Tangible assets

4

6,122

5,735

CURRENT ASSETS

Debtors

5

42,819

54,670

Cash at bank

153,794

118,155

196,613

172,825

CREDITORS

Amounts falling due within one year

6

130,811

143,300

NET CURRENT ASSETS

65,802

29,525

TOTAL ASSETS LESS CURRENT LIABILITIES

71,924

35,260

PROVISIONS FOR LIABILITIES

8

68

1,125

NET ASSETS

71,856

34,135

CAPITAL AND RESERVES

Called up share capital

9

1,000

1,000

Retained earnings

70,856

33,135

SHAREHOLDERS' FUNDS

71,856

34,135

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 May 2026 and were signed on its behalf by:

S J Brown - Director

1.	STATUTORY INFORMATION

Browns Estate Agency 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of the investments.

There were no material departures from that standard.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of services.

Income recognition

Income is recognised when a contract for the sale of goods or services is recognised as unconditional.

Tangible fixed assets

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

Office equipment

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

25% on cost

Tangible fixed assets are measured at cost less accumulated depreciation and impairment.

Financial instruments

Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 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.

Government grants

Revenue based grants are credited to the profit and loss account on entitlement.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Office

and

Computer

equipment

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2025

4,023

1,134

6,983

12,140

Additions

-

2,310

628

2,938

At 31 December 2025

4,023

3,444

7,611

15,078

DEPRECIATION

At 1 January 2025

1,013

1,040

4,352

6,405

Charge for year

452

274

1,825

2,551

At 31 December 2025

1,465

1,314

6,177

8,956

NET BOOK VALUE

At 31 December 2025

2,558

2,130

1,434

6,122

At 31 December 2024

3,010

94

2,631

5,735

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

17,991

18,612

Amounts owed by group undertakings

-

161

Other debtors

4,010

9,995

Prepayments and accrued income

20,818

25,902

42,819

54,670

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

5,308

1,151

Amounts owed to group undertakings

23,139

-

Taxation and social security

95,636

138,047

Other creditors

1,587

687

Directors' loan accounts

936

-

Accruals and deferred income

4,205

3,415

130,811

143,300

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

12,294

3,443

8.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

68

1,125

Deferred

tax

£

Balance at 1 January 2025

1,125

Provided during year

(1,057

)

Balance at 31 December 2025

68

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

800

Ordinary

£1

800

800

200

'A' Ordinary Non-Voting

£1

200

200

1,000

1,000

10.	PARENT COMPANY

The company is a wholly owned subsidiary of SB (North East) Holdings Ltd, registered office: 140 Coniscliffe Road, Darlington DL3 7RT.