REGISTERED NUMBER: 00324283 (England and Wales)

R.J.Brown & Sons Limited

Unaudited Financial Statements

for the Year Ended 28th February 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

W E C Cursham

N W Turner

SECRETARY:

W E C Cursham

REGISTERED OFFICE:

12 Bridgford Road

West Bridgford

Nottingham

NG2 6AB

REGISTERED NUMBER:

00324283 (England and Wales)

ACCOUNTANTS:

Brooks Mayfield Limited

Chartered Accountants

12 Bridgford Road

West Bridgford

Nottinghamshire

NG2 6AB

BANKERS:

Lloyds Bank

12 - 16 Lower Parliment Street

Nottingham

NG1 3DA

SOLICITORS:

Knights PLC

Embankment House

Electric Avenue

Nottingham

NG2 1AS

FIXED ASSETS

Tangible assets

5

14,248,923

14,248,923

Investments

6

91,084

81,166

14,340,007

14,330,089

CURRENT ASSETS

Debtors

7

91,849

101,418

Cash at bank

11,872

36,864

103,721

138,282

CREDITORS

Amounts falling due within one year

8

(159,195

)

(148,717

)

NET CURRENT LIABILITIES

(55,474

)

(10,435

)

TOTAL ASSETS LESS CURRENT LIABILITIES

14,284,533

14,319,654

PROVISIONS FOR LIABILITIES

(2,344,301

)

(2,341,822

)

NET ASSETS

11,940,232

11,977,832

CAPITAL AND RESERVES

Called up share capital

9

3,950

3,950

Capital redemption reserve

10

122,720

122,720

Retained earnings

10

11,813,562

11,851,162

SHAREHOLDERS' FUNDS

11,940,232

11,977,832

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21st October 2025 and were signed on its behalf by:

W E C Cursham - Director

N W Turner - Director

1.	STATUTORY INFORMATION

R.J.Brown & Sons 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

Turnover

Turnover is measured at the fair value of rent charged spread over the period to which it relates

Tangible fixed assets

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

Freehold property

-

None on investment property

Taxation

Taxation for the year 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

5.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST OR VALUATION

At 1st March 2024

and 28th February 2025

14,248,923

NET BOOK VALUE

At 28th February 2025

14,248,923

At 29th February 2024

14,248,923

Cost or valuation at 28th February 2025 is represented by:

Freehold

property

£

Valuation in 2013

9,358,202

Valuation in 2014

938,921

Valuation in 2015

816,204

Valuation in 2016

(194,854

)

Valuation in 2017

(77,044

)

Valuation in 2018

(80,514

)

Valuation in 2019

(59,177

)

Valuation in 2020

51,584

Valuation in 2023

2,012,245

Cost

1,483,356

14,248,923

Investment properties are included in these financial statements at fair value. The professional revaluation was last carried out during 2023 by chartered surveyors who are RICS registered valuers. The directors do not believe there has been a material movement in these values since this date.

6.	FIXED ASSET INVESTMENTS

Listed

investments

£

COST OR VALUATION

At 1st March 2024

81,166

Revaluations

9,918

At 28th February 2025

91,084

NET BOOK VALUE

At 28th February 2025

91,084

At 29th February 2024

81,166

Cost or valuation at 28th February 2025 is represented by:

Listed

investments

£

Valuation in 2017

42,203

Valuation in 2018

4,464

Valuation in 2019

3,281

Valuation in 2020

(7,137

)

Valuation in 2021

(4,340

)

Valuation in 2022

15,705

Valuation in 2023

(15,185

)

Valuation in 2024

(3,753

)

Valuation in 2025

9,918

Cost

45,928

91,084

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Rents held by agent

33,268

34,889

Rental arrears

48,227

56,315

Prepayments

10,354

10,214

91,849

101,418

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

9,714

10,442

Amounts owed to participating interests

68,802

64,184

Tax

62,294

56,092

Accruals and deferred income

18,385

17,999

159,195

148,717

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

3,950

Ordinary shares

£1.00

3,950

3,950

10.

RESERVES

Capital

Retained

redemption

earnings

reserve

Totals

£

£

£

At 1st March 2024

11,851,162

122,720

11,973,882

Profit for the year

197,666

197,666

Dividends

(235,266

)

(235,266

)

At 28th February 2025

11,813,562

122,720

11,936,282

Included within the retained earnings is £10,466,420 (2024: £10,458,980) of reserves which relate to the revaluation of assets and are therefore undistributable. This is made up of adjustments to fair value of £12,810,720 (2024: £12,800,802) less deferred tax on the revaluations of £2,344,300 (2024: £2,341,822).