Company Registration No. 07049931 (England and Wales)
BROWN'S PROPERTY CONSULTANTS LIMITED
DIRECTOR'S REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2015
BROWN'S PROPERTY CONSULTANTS LIMITED
COMPANY INFORMATION
Director
Mr Andrew Brown
Company number
07049931
Registered office
Maltravers House
Petters Way
YEOVIL
Somerset
BA20 1SH
Accountants
Old Mill Accountancy LLP
Maltravers House
Petters Way
YEOVIL
Somerset
BA20 1SH
BROWN'S PROPERTY CONSULTANTS LIMITED
CONTENTS
Page
Director's report
1
Accountants' report
2
Profit and loss account
3
Balance sheet
4
Notes to the financial statements
5 - 7
BROWN'S PROPERTY CONSULTANTS LIMITED
DIRECTOR'S REPORT
FOR THE YEAR ENDED 31 MARCH 2015
- 1 -
The director presents his report and financial statements for the year ended 31 March 2015.
Director
The following director has held office since 1 April 2014:
Mr Andrew Brown
This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
On behalf of the board
Mr Andrew Brown
Director
23 December 2015
BROWN'S PROPERTY CONSULTANTS LIMITED
ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF BROWN'S PROPERTY CONSULTANTS LIMITED FOR THE YEAR ENDED 31 MARCH 2015
- 2 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Brown's Property Consultants Limited for the year ended 31 March 2015 set out on pages 3 to 7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at icaew.com/regulations.
This report is made solely to the Board of Directors of Brown's Property Consultants Limited, as a body, in accordance with the terms of our engagement letter dated 15 December 2014. Our work has been undertaken solely to prepare for your approval the financial statements of Brown's Property Consultants Limited and state those matters that we have agreed to state to the Board of Directors of Brown's Property Consultants Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Brown's Property Consultants Limited and its Board of Directors as a body, for our work or for this report.
It is your duty to ensure that Brown's Property Consultants Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Brown's Property Consultants Limited. You consider that Brown's Property Consultants Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Brown's Property Consultants Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Old Mill Accountancy LLP
23 December 2015
Accountants
Maltravers House
Petters Way
YEOVIL
Somerset
BA20 1SH
BROWN'S PROPERTY CONSULTANTS LIMITED
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2015
- 3 -
2015
2014
Notes
£
£
Turnover
15,618
51,939
Administrative expenses
(19,709)
(25,121)
(Loss)/profit on ordinary activities before taxation
2
(4,091)
26,818
Tax on (loss)/profit on ordinary activities
3
-
(5,383)
(Loss)/profit for the year
9
(4,091)
21,435
BROWN'S PROPERTY CONSULTANTS LIMITED
BALANCE SHEET
AS AT
31 MARCH 2015
31 March 2015
- 4 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
5
219
292
Current assets
Debtors
6
-
1,121
-
1,121
Creditors: amounts falling due within one year
7
(11,669)
(8,772)
Net current liabilities
(11,669)
(7,651)
Total assets less current liabilities
(11,450)
(7,359)
Capital and reserves
Called up share capital
8
1
1
Profit and loss account
9
(11,451)
(7,360)
Shareholders' funds
(11,450)
(7,359)
For the financial year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and the Financial Reporting Standard for Smaller Entities (effective April 2008).
Approved by the Board for issue on 23 December 2015
Mr Andrew Brown
Director
Company Registration No. 07049931
BROWN'S PROPERTY CONSULTANTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2015
- 5 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). The director is committed to settling the companies liabilities as they fall due.
The director is committed to settling the companies liabilities as they fall due.
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Computer equipment
2
Operating (loss)/profit
2015
2014
£
£
Operating (loss)/profit is stated after charging:
Depreciation of tangible assets
73
97
Director's remuneration
12,330
8,000
3
Taxation
2015
2014
£
£
Domestic current year tax
U.K. corporation tax
-
5,383
Total current tax
-
5,383
4
Dividends
2015
2014
£
£
Ordinary interim paid
-
26,000
BROWN'S PROPERTY CONSULTANTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2015
- 6 -
5
Tangible fixed assets
Plant and machinery
£
Cost
At 1 April 2014 & at 31 March 2015
519
Depreciation
At 1 April 2014
227
Charge for the year
73
At 31 March 2015
300
Net book value
At 31 March 2015
219
At 31 March 2014
292
6
Debtors
2015
2014
£
£
Trade debtors
-
1,121
7
Creditors: amounts falling due within one year
2015
2014
£
£
Bank loans and overdrafts
1,986
1,609
Taxation and social security
-
5,383
Other creditors
9,683
1,780
11,669
8,772
8
Share capital
2015
2014
£
£
Allotted, called up and fully paid
1 Ordinary of £1 each
1
1
BROWN'S PROPERTY CONSULTANTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2015
- 7 -
9
Statement of movements on profit and loss account
Profit
and loss
account
£
Balance at 1 April 2014
(7,360)
Loss for the year
(4,091)
Balance at 31 March 2015
(11,451)
10
Related party relationships and transactions
Mr A Brown (Director)
During the year Mr A Brown operated a directors loan account with the company. The loan is interest free and has no fixed repayments. At the balance sheet date the amount due to Mr A Brown was £8063.
BROWN'S PROPERTY CONSULTANTS LIMITED
DETAILED TRADING AND PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2015
2015
2014
£
£
£
£
Turnover
Sales class 1 - UK
15,618
51,939
Administrative expenses
(19,709)
(25,121)
Operating (loss)/profit
(4,091)
26,818
BROWN'S PROPERTY CONSULTANTS LIMITED
SCHEDULE OF ADMINISTRATIVE EXPENSES
FOR THE YEAR ENDED 31 MARCH 2015
2015
2014
£
£
Administrative expenses
Directors' remuneration
12,330
8,000
Rent re licences and other
1,300
-
Insurance
305
1,224
Printing, postage and stationery
49
103
Telephone
116
-
Travelling expenses
3,147
12,812
Accountancy
1,600
1,640
Bank charges
201
246
Sundry expenses - allowable
338
300
Subscriptions - allowable
250
699
Depreciation on plant and machinery
73
97
19,709
25,121
2015-03-31
2014-04-01
false
true
true
true
true
true
Brown Abb 2015 FINAL.html
2015-12-23
07049931
2014-04-01
2015-03-31
07049931
uk-bus:Director1
2014-04-01
2015-03-31
07049931
uk-bus:RegisteredOffice
2014-04-01
2015-03-31
07049931
uk-bus:EntityAccountantsOrAuditors
2014-04-01
2015-03-31
07049931
2015-03-31
07049931
uk-bus:EntityAccountantsOrAuditors
2015-03-31
07049931
2013-04-01
2014-03-31
07049931
2014-03-31
07049931
2014-03-31
07049931
uk-gaap:OwnedOrFreeholdTangibleFixedAssets
2014-04-01
2015-03-31
07049931
uk-gaap:OwnedOrFreeholdTangibleFixedAssets
2013-04-01
2014-03-31
07049931
uk-bus:AllEntityOfficers
2014-04-01
2015-03-31
07049931
uk-bus:AllEntityOfficers
2013-04-01
2014-03-31
07049931
uk-gaap:CurrentFinancialInstruments
uk-curr:PoundSterling
2015-03-31
07049931
uk-gaap:CurrentFinancialInstruments
uk-curr:PoundSterling
2014-03-31
07049931
uk-bus:OrdinaryShareClass1
2014-04-01
2015-03-31
07049931
uk-bus:OrdinaryShareClass1
2015-03-31
07049931
uk-bus:OrdinaryShareClass1
2014-03-31
xbrli:pure
xbrli:shares
iso4217:GBP