| REGISTERED NUMBER: |
| Brown & Hope Property Ltd |
| Unaudited Financial Statements |
| for the period |
| 31st March 2024 to 28th March 2025 |
| REGISTERED NUMBER: |
| Brown & Hope Property Ltd |
| Unaudited Financial Statements |
| for the period |
| 31st March 2024 to 28th March 2025 |
| Brown & Hope Property Ltd (Registered number: 14711803) |
| Contents of the Financial Statements |
| for the period 31st March 2024 to 28th March 2025 |
| Page |
| Company information | 1 |
| Balance sheet | 2 | to | 3 |
| Notes to the financial statements | 4 | to | 7 |
| Brown & Hope Property Ltd |
| Company Information |
| for the period 31st March 2024 to 28th March 2025 |
| Director: |
| Registered office: |
| Registered number: |
| Accountants: |
| Academy House |
| Shedden Park Road |
| Kelso |
| Roxburghshire |
| TD5 7AL |
| Brown & Hope Property Ltd (Registered number: 14711803) |
| Balance Sheet |
| 28th March 2025 |
| 2025 | 2024 |
| Notes | £ | £ | £ | £ |
| Fixed assets |
| Tangible assets | 4 |
| Investment property | 5 |
| Current assets |
| Debtors | 6 |
| Cash at bank |
| Creditors |
| Amounts falling due within one year | 7 |
| Net current assets |
| Total assets less current liabilities |
| Creditors |
| Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
| Provisions for liabilities | ( |
) | ( |
) |
| Net assets |
| Capital and reserves |
| Called up share capital |
| Retained earnings | 10 |
| Brown & Hope Property Ltd (Registered number: 14711803) |
| Balance Sheet - continued |
| 28th March 2025 |
| 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 were approved by the director and authorised for issue on |
| Brown & Hope Property Ltd (Registered number: 14711803) |
| Notes to the Financial Statements |
| for the period 31st March 2024 to 28th March 2025 |
| 1. | Statutory information |
| Brown & Hope Property Ltd is a |
| 2. | Accounting policies |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. |
| 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 |
| The following assets and liabilities are classified as financial instruments - trade creditors, bank loans and directors' loans. |
| Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method. |
| Directors' loans (being repayable on demand) and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received. |
| Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings. |
| Taxation |
| Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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. |
| Brown & Hope Property Ltd (Registered number: 14711803) |
| Notes to the Financial Statements - continued |
| for the period 31st March 2024 to 28th March 2025 |
| 2. | Accounting policies - continued |
| 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 period 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. |
| Provisions |
| Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis. |
| Going concern |
| The director has considered the company's financial position for a minimum period of 12 months and beyond from the date of signing these financial statements and has an expectation that the company should be in a position to trade for the foreseeable future. Accordingly, he adopts the going concern basis in preparing these financial statements. |
| 3. | Employees and directors |
| The average number of employees during the period was NIL (2024 - NIL). |
| 4. | Tangible fixed assets |
| Fixtures |
| and |
| fittings |
| £ |
| Cost |
| At 31st March 2024 |
| Additions |
| At 28th March 2025 |
| Depreciation |
| At 31st March 2024 |
| Charge for period |
| At 28th March 2025 |
| Net book value |
| At 28th March 2025 |
| At 30th March 2024 |
| Brown & Hope Property Ltd (Registered number: 14711803) |
| Notes to the Financial Statements - continued |
| for the period 31st March 2024 to 28th March 2025 |
| 5. | Investment property |
| Total |
| £ |
| Fair value |
| At 31st March 2024 |
| and 28th March 2025 |
| Net book value |
| At 28th March 2025 |
| At 30th March 2024 |
| Fair value at 28th March 2025 is represented by: |
| £ |
| Valuation in 2024 | 300,000 |
| 6. | Debtors |
| 2025 | 2024 |
| £ | £ |
| Amounts falling due within one year: |
| Other debtors |
| Amounts falling due after more than one year: |
| Amounts owed by joint ventures |
| Aggregate amounts |
| 7. | Creditors: amounts falling due within one year |
| 2025 | 2024 |
| £ | £ |
| Trade creditors |
| Other creditors |
| 8. | Creditors: amounts falling due after more than one year |
| 2025 | 2024 |
| £ | £ |
| Bank loans |
| Amounts owed to joint ventures | 1,500 | - |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Bank loans due after five years | 232,050 | 232,050 |
| Brown & Hope Property Ltd (Registered number: 14711803) |
| Notes to the Financial Statements - continued |
| for the period 31st March 2024 to 28th March 2025 |
| 9. | Secured debts |
| The following secured debts are included within creditors: |
| 2025 | 2024 |
| £ | £ |
| Bank loans |
| Paratus Amc Limited holds a charge over the property, 2 The Parade, Berwick upon Tweed. |
| 10. | Reserves |
| Retained earnings include non distributable reserves totalling £129,112 |
| 11. | Director's advances, credits and guarantees |
| The following advances and credits to a director subsisted during the periods ended 28th March 2025 and 30th March 2024: |
| 2025 | 2024 |
| £ | £ |
| Balance outstanding at start of period |
| Amounts advanced |
| Amounts repaid |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of period |
| This loan is unsecured and repayable on demand. Interest is charged by the company at the official rate published by HMRC. |