Wealth and tax advice for your family. Accountancy services
for business
Peter Brealey BSc FCA was the founder of Brealey Foster. Today his son Peter and his sons George and James work in the family owned business.Founded in 1961 we have a reputation for giving sound, commercial and practical advice. We can see the commercial big picture as well as mastering the detail.
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Here are our aims
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We aim to be very prompt and do an excellent job. To avoid error and provide a good record going forward everything possible is done electronically and aimed at a hassle free experience. We reply to correspondence and questions by return quick to respond. Our prices are reasonable and our turnaround time is as quick as possible. The The digital journey starts with a csv download of the years transactions or software with a bank feed for larger clients and a request for records and changes like fixed asset additions and vehicle changes.
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As a team we aim to work with our clients on their tax filing needs for many years. We aim to be extremely responsive, organized, efficient and tech savvy.
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We aim to constantly improve our knowledge through experience, research and meeting with professional colleagues from other firms and speakers at regular events.
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brealey foster sage accounting success stories
https://www.sage.com/en-gb/success-stories/brealey-foster
Brealey Foster & Co | Sage Accounting Success Story
When Peter Brealey, principal of Brealey Foster & Co, had to establish an entirely new accounting department as part of a buyout of a high turnover business, he relished the challenge. However, he was leaving for Latin America within a week! Fortunately, Brealey …
Brealey Foster & Co uses Sage Accounting. They are an established chartered accountant, tax, and business advisor based in the UK. They have a strong track record of success and offer a bespoke personal service to a diverse client base. Sage Accounting has been instrumental in helping them manage accounts from anywhere in the world1. It has allowed them to establish an entirely new accounting department remotely when one of their principals had to leave for Latin America within a week. The cloud-based presence of Sage Accounting enabled them to plan, observe, and contribute to events in real-time, monitor key factors, and undertake the entire task remotely.
New? Our entrance is in the Horsefair. There is Parking nearby at Hinckley Sainsburys 20 Rugby Road, Hinckley, LE10 0QG
A highlight for 2024 to look forward to is singing in the Dresden Frauenkirche - Pronunciation practice
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Mascagni Easter Hymn (Cavalleria Rusticana)
Handel Zadok the Priest
Handel Hallelujah Chorus
Webster, Martin Irish Blessing
Beach, AmyPeace, I Leave With You
Stanford The Bluebird
Vivaldi Gloria
Fauré Cantique de Jean Racine
Schubert An die Musik
Brahms, Johannes
Ein Deutsches Requiem, Op. 45 – IV “Wie lieblich sind deine Wohnungen”
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St Marys Collegium Warwick Next Concert June 22nd 2024
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Lets wet your appetite with the Haydn Last Seven words
Quartet version
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Last time we were pleased (and relieved!) to nail the Stanford Stabet Mater.
Finale below.
This piece will be sung on
27th July 2024 at the Three Choirs Festival
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From our family office in the Horsefair we have since 1961 been providing local firms with accounting, tax, company secretarial
and company formation services.
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NEWSWIRE
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Costs: Brealey v Shepherd & Co analysis
It was common ground that the will contained no charging clause and charging was not agreed by the beneficiaries. The case was about whether s29 could be used to permit charging though all the trustees had not agreed in writing to the charges.
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Brealey v Shepherd & Co
The Brealey estate itself is an unremarkable one consisting principally of the family home worth the value of the average London property. The case itself is also fairly unremarkable one of a straightforward s71(3) assessment of costs charged to estate funds following the rejection of administration accounts by all the beneficiaries who are Mr Brealey and his adult children.
However the case has attracted some significant judgements in the SCCO, High Court and Court of Appeal. Litigation was thought necessary by the executors (though not by Counsel the executors consulted) in November 2015 when Mr Brealeys estate share rose to 44% being a majority of the adult beneficiaries. Possession of the property was recovered in February 2016 so any delay was marginal. Having sold the property the executors then showed no signs of releasing accounts and completing the administration until 2019 when accounts were compelled by pre-action protocol from Jones & Co.
Complaint was made to the Legal Ombudsman of 15 matters who reported on them in 2 reports with 304 pages of evidence attached. The Legal Ombudsman has since issued clarification of the service standards regarding costs.
Court of Appeal Re Brealey
Livestream of Court of Appeal submissions
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Law Society Gazette
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PIB Blogpost - the Duties and Liabilities
of Trustees
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The parallel case of Kenig v Thomson Snell and Passmore is going through the courts
Kenig v Thomson Snell & Passmore LLP
The Kenig case heard by the Court of Appeal on 18th October 2023
Re Kenig Court of Appeal judgement
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The Brealey case heard by the Court of Appeal on 20th February 2024
Re Brealey Court of Appeal Judgement
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Brealey v Shepherd is a legal case in which the court held that, in the absence of a charging clause in the Will, it was up to Mr Shepherd, as a professional executor, to demonstrate why fees should be paid rather than for the beneficiaries to prove that they should not. The fact that the claimant knew of Mr Sheperd’s involvement did not on its own justify a charge. The judge's decision was based on the absence of a charging clause in the will and the lack of agreement by the beneficiaries. Nor could s29 of the Trustee Act 2000 be relied upon as all the Trustees had not approved the charges in writing.
The firm had the chance to submit evidence as to the reasonableness of their charges given the alternative of simply placing the property concerned on the market with a signed vacation agreement to leave on completion but did not do so. What was worse is that Counsel who the firm consulted was adverse to the necessity of possession proceedings so the beneficiaries estate was depleted by litigation charges in addition to the Bill of Costs of £153,000 being assessed.
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Still time to make the months budget
BREALEY FOSTER & CO LIMITED
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