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REGISTERED NUMBER: 00587315 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 May 2023

for

F. Peter Robinson Limited

F. Peter Robinson Limited (Registered number: 00587315)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


F. Peter Robinson Limited

Company Information
for the Year Ended 31 May 2023







DIRECTORS: F P Robinson
S J Robinson





SECRETARY: H V Choules





REGISTERED OFFICE: 11 Northumberland Street
DARLINGTON
Co Durham
DL3 7HJ





REGISTERED NUMBER: 00587315 (England and Wales)





ACCOUNTANTS: Clive Owen LLP
Chartered Accountants
140 Coniscliffe Road
DARLINGTON
Co Durham
DL3 7RT

F. Peter Robinson Limited (Registered number: 00587315)

Balance Sheet
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 4,492 8,342
Tangible assets 5 27,443 30,678
Investment property 6 3,703,000 3,835,000
3,734,935 3,874,020

CURRENT ASSETS
Debtors 7 39,329 28,286
Cash at bank and in hand 178,913 257,550
218,242 285,836
CREDITORS
Amounts falling due within one year 8 237,797 251,254
NET CURRENT (LIABILITIES)/ASSETS (19,555 ) 34,582
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,715,380

3,908,602

CREDITORS
Amounts falling due after more than one
year

9

(1,129,127

)

(1,382,107

)

PROVISIONS FOR LIABILITIES 12 (1,968 ) (2,428 )
NET ASSETS 2,584,285 2,524,067

CAPITAL AND RESERVES
Called up share capital 13 8,100 8,100
Revaluation reserve 464,813 555,516
Capital redemption reserve 2,000 2,000
Retained earnings 2,109,372 1,958,451
SHAREHOLDERS' FUNDS 2,584,285 2,524,067

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 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.

F. Peter Robinson Limited (Registered number: 00587315)

Balance Sheet - continued
31 May 2023


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 October 2023 and were signed on its behalf by:





F P Robinson - Director


F. Peter Robinson Limited (Registered number: 00587315)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

F. Peter Robinson 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

There were no material departures from that standard.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with entities in which the company has a participating interest where transactions were conducted at a market rate.

Turnover
Turnover is the total of amounts receivable by the company in respect of auctioneer services provided, the sale of goods by auction, the rental income from the letting of investment properties and management fees, excluding VAT.

Income recognition
Income is recognised when a contract for the sale of services is determined as unconditional.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - over period of the lease
Fixtures and fittings - 15% on reducing balance

Tangible fixed assets are measured at cost less accumulated depreciation and impairment.

Investment property
Investment property is shown at fair value. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
Basic financial instruments are measured at amortised cost with changes recognised in profit or loss.


F. Peter Robinson Limited (Registered number: 00587315)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Investments
Investment in unlisted shares are included at cost.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Leasing commitments
Rentals payable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

Government grants
Revenue based grants are credited to the profit and loss account on receipt.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Website
£   
COST
At 1 June 2022
and 31 May 2023 11,550
AMORTISATION
At 1 June 2022 3,208
Amortisation for year 3,850
At 31 May 2023 7,058
NET BOOK VALUE
At 31 May 2023 4,492
At 31 May 2022 8,342

F. Peter Robinson Limited (Registered number: 00587315)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

5. TANGIBLE FIXED ASSETS
Fixtures
Short and
leasehold fittings Totals
£    £    £   
COST
At 1 June 2022 25,398 90,290 115,688
Additions 1,450 - 1,450
At 31 May 2023 26,848 90,290 117,138
DEPRECIATION
At 1 June 2022 25,398 59,612 85,010
Charge for year 85 4,600 4,685
At 31 May 2023 25,483 64,212 89,695
NET BOOK VALUE
At 31 May 2023 1,365 26,078 27,443
At 31 May 2022 - 30,678 30,678

6. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 June 2022 3,835,000
Disposals (132,000 )
At 31 May 2023 3,703,000
NET BOOK VALUE
At 31 May 2023 3,703,000
At 31 May 2022 3,835,000

The valuation in 2019 was carried out by an independent valuer. The directors are happy the fair value of the properties still held hasn't changed since and so remains the same at 31 May 2023.

Cost or valuation at 31 May 2023 is represented by:
£   
Valuation in 2015 1,630,175
Valuation in 2019 (1,045,000 )
Valuation in 2021 (109,659 )
Valuation in 2022 80,000
Valuation in 2023 2,246
Cost 3,145,238
3,703,000

F. Peter Robinson Limited (Registered number: 00587315)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 21,423 9,809
Other debtors 1,213 1,504
Prepayments and accrued income 16,693 16,973
39,329 28,286

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 74,489 119,112
Trade creditors 55,594 36,871
Taxation and social security 69,282 65,919
Other creditors - 1,213
Directors' current accounts 12,558 4,858
Accruals and deferred income 25,874 23,281
237,797 251,254

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 1,129,127 1,382,107

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 11,667 35,000
Between one and five years - 11,667
11,667 46,667

11. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank Loans 1,203,616 1,461,219

The bank loan has fixed charges on the investment properties and a floating charge over the assets of the company.

12. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 1,968 2,428

F. Peter Robinson Limited (Registered number: 00587315)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

12. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 June 2022 2,428
Accelerated capital allowances (460 )
Balance at 31 May 2023 1,968

13. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
16,000 Ordinary £0.50 8,000 8,000
100 Ordinary A Shares £0.50 50 50
100 Ordinary B Shares £0.50 50 50
8,100 8,100

14. RELATED PARTY DISCLOSURES

2023 2022
£ £
Amounts owed to directors 12,558 4,838

No interest was charged.