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Registered number: 03635799
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UNAUDITED FINANCIAL STATEMENTS
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FOR THE YEAR ENDED
31 MARCH 2026
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G BROWN ASSOCIATES LIMITED
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G BROWN ASSOCIATES LIMITED
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COMPANY INFORMATION
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G BROWN ASSOCIATES LIMITED
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CONTENTS
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Statement of Financial Position
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Notes to the Financial Statements
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G BROWN ASSOCIATES LIMITED
REGISTERED NUMBER:03635799
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STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2026
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Creditors: amounts falling due after more than one year
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Provisions for liabilities
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G BROWN ASSOCIATES LIMITED
REGISTERED NUMBER:03635799
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STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2026
The Directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
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Mr E G F Brown
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The notes on pages 3 to 8 form part of these financial statements.
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G BROWN ASSOCIATES LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
G Brown Associates Limited is a private company limited by shares registered in the United Kingdom and registered in England and Wales. The addresses of the registered office and principal place of business are disclosed on the company information page.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The following principal accounting policies have been applied:
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
Land is not depreciated. Depreciation on other assets is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.
Depreciation is provided on the following basis:
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2% straight line for buildings
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The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.
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G BROWN ASSOCIATES LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
2.Accounting policies (continued)
Investments in unlisted Company shares, or unincorporated businesses whose fair value can be reliably determined, are remeasured to fair value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of Income and Retained Earnings for the period. Where fair value cannot be reliably determined, such investments are stated at historic cost less impairment.
Investments in listed company shares and funds are recognised initially at transaction price and are subsequently measured to fair value at each reporting date. Fair value is determined by reference to quoted market prices or valuations provided by the Company's investment manager. Changes in fair value are recognised in the Statement of Income and Retained Earnings in the period in which they arise.
Investment income is recognised in the Statement of Income and Retained Earnings when the Company's entitlement to the income is established. In respect of investments in UK reporting funds, excess reportable income attributable to the Company is recognised as investment income and added to the accumulated cost of the relevant investment. The investment is then subsequently remeasured to fair value at the reporting date as detailed above.
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Current and deferred taxation
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The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Statement of Financial Position date, except that:
∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
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The average monthly number of employees, including Directors, during the year was 11 (2025 -12).
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G BROWN ASSOCIATES LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
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Charge for the year on owned assets
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The investments shown above solely relate to investments that the company has made in its own name for its own benefit. In addition to the above, the company also holds investments totalling £305,282 (2025 - £185,132) in its name as nominee for two other investors. The company receives no benefit from holding these investments as nominee and consequently they are excluded from the figures reported in the note above.
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G BROWN ASSOCIATES LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
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Freehold investment property
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Investment property is valued at fair value by the directors in accordance with the accounting policy detailed in note 2.4. The directors consider that there has been no material change in the fair value of the investment property during the year and, accordingly, no fair value gain or loss has been recognised in the profit and loss account.
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If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:
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G BROWN ASSOCIATES LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
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Prepayments and accrued income
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Creditors: Amounts falling due within one year
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Other taxation and social security
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Accruals and deferred income
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Creditors: Amounts falling due after more than one year
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Share capital treated as debt
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Shares classified as equity
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Allotted, called up and fully paid
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100 (2025 -100) Ordinary shares shares of £1.00 each
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Shares classified as debt
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Allotted, called up and fully paid
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1,000,000 (2025 -1,000,000) Preference redeemable shares of £1.00 each
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G BROWN ASSOCIATES LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
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Related party transactions
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Included within other creditors falling due within one year is a loan of £86,412 (2025 - £67,907) provided by the Directors. The loan has been provided interest free and is repayable on demand.
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