Statement of Consent to Prepare Abridged Financial Statements
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All of the members of Brown & Co Financial Services Limited have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 30 September 2018 in accordance with Section 444(2A) of the Companies Act 2006.
COMPANY REGISTRATION NUMBER:
04168668
Brown & Co Financial Services Limited
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Unaudited Abridged Financial Statements
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Brown & Co Financial Services Limited
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Abridged Financial Statements
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Year ended 30 September 2018
Abridged statement of financial position
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3
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Notes to the abridged financial statements
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4
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Brown & Co Financial Services Limited
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Year ended 30 September 2018
This report was approved by the board of directors on 21 June 2019 and signed on behalf of the board by:
Registered office:
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2 Lords Court
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Cricketers Way
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Basildon
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Essex
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SS13 1SS
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Brown & Co Financial Services Limited
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Year ended 30 September 2018
The directors present their report and the unaudited abridged financial statements of the company for the year ended
30 September 2018
.
Directors
The directors who served the company during the year were as follows:
Dividends
The directors do not recommend the payment of a dividend.
This report was approved by the board of directors on
21 June 2019
and signed on behalf of the board by:
Registered office:
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2 Lords Court
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Cricketers Way
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Basildon
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Essex
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SS13 1SS
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Brown & Co Financial Services Limited
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Abridged Statement of Financial Position
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30 September 2018
Current assets
Cash at bank and in hand
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100
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100
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----
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----
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Net current assets
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100
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100
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Total assets less current liabilities
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100
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100
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Capital and reserves
Called up share capital
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100
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100
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Members funds
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100
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100
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----
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These abridged financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
For the year ending 30 September 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements
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These abridged financial statements were approved by the
board of directors
and authorised for issue on
21 June 2019
, and are signed on behalf of the board by:
Company registration number:
04168668
Brown & Co Financial Services Limited
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Notes to the Abridged Financial Statements
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Year ended 30 September 2018
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 2 Lords Court, Cricketers Way, Basildon, Essex, SS13 1SS.
2.
Statement of compliance
These abridged financial statements have been prepared in compliance with the provisions of FRS 102 Section 1A, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The abridged 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.
The abridged financial statements are prepared in sterling, which is the functional currency of the entity.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.