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REGISTERED NUMBER: 00273820 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

ROBINSON & FISHER LIMITED

ROBINSON & FISHER LIMITED (REGISTERED NUMBER: 00273820)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ROBINSON & FISHER LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







Directors: R A Fisher
Miss K E Fisher





Registered office: 41 High Park Road
Kew
Richmond
Surrey
TW9 3BF





Registered number: 00273820 (England and Wales)






ROBINSON & FISHER LIMITED (REGISTERED NUMBER: 00273820)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 283 941
Investment property 5 3,420,599 3,352,620
3,420,882 3,353,561

CURRENT ASSETS
Property under development - 2,051,457
Debtors 6 3,154 354
Cash at bank 1,695,887 104,260
1,699,041 2,156,071
CREDITORS
Amounts falling due within one year 7 720,374 791,427
NET CURRENT ASSETS 978,667 1,364,644
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,399,549

4,718,205

CREDITORS
Amounts falling due after more than one
year

8

(313,150

)

(663,150

)

PROVISIONS FOR LIABILITIES 10 (568,048 ) (625,378 )
NET ASSETS 3,518,351 3,429,677

CAPITAL AND RESERVES
Called up share capital 11 36,990 36,990
Other reserves 13,994 13,994
Fair value reserve 2,018,401 3,018,058
Retained earnings 1,448,966 360,635
SHAREHOLDERS' FUNDS 3,518,351 3,429,677

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

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

ROBINSON & FISHER LIMITED (REGISTERED NUMBER: 00273820)

BALANCE SHEET - continued
31 MARCH 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 Income Statement has not been delivered.

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





R A Fisher - Director


ROBINSON & FISHER LIMITED (REGISTERED NUMBER: 00273820)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Robinson & Fisher 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents rents receivable from investment property. Turnover is presented net of rebates and discounts and is recognised when the investment properties are occupied by tenants.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

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

Stocks
Property under development is valued at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

ROBINSON & FISHER LIMITED (REGISTERED NUMBER: 00273820)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
Cost
At 1 April 2022 19,384 1,869 21,253
Disposals (8,035 ) - (8,035 )
At 31 March 2023 11,349 1,869 13,218
Depreciation
At 1 April 2022 18,443 1,869 20,312
Charge for year 142 - 142
Eliminated on disposal (7,519 ) - (7,519 )
At 31 March 2023 11,066 1,869 12,935
Net book value
At 31 March 2023 283 - 283
At 31 March 2022 941 - 941

5. INVESTMENT PROPERTY
Total
£   
Fair value
At 1 April 2022 3,352,620
Additions 67,979
At 31 March 2023 3,420,599
Net book value
At 31 March 2023 3,420,599
At 31 March 2022 3,352,620

The majority of the company's residential investment properties were valued in October 2020 by Gibbs Gillespie Surveyors. Two residential investment properties were valued by the directors as at 12 October 2020 by reference to reputable third party information. The accounts reflect these valuations. The directors do not consider the valuations of the properties at those dates to be materially different from their values at 31 March 2023.

No depreciation is provided for in respect of investment properties in accordance with the Financial Reporting Standard 102. Such properties are held for their investment potential and not for the consumption of the business. This is a departure from the Companies Act 2006 which requires all properties to be depreciated but the directors consider that to depreciate them would not permit the financial statements to give a true and fair view.

ROBINSON & FISHER LIMITED (REGISTERED NUMBER: 00273820)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

5. INVESTMENT PROPERTY - continued

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2020 (24,570 )
Valuation in 2019 (46,000 )
Valuation in 2016 (381,292 )
Valuation in 2015 1,637,500
Valuation in 2012 1,403,338
Cost 831,623
3,420,599

6. DEBTORS LESS THAN ONE YEAR
31.3.23 31.3.22
£    £   
Other debtors 3,154 354

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 387 21,474
Taxation and social security 219,438 18,234
Other creditors 500,549 751,719
720,374 791,427

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 313,150 663,150

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Bank loans 313,150 663,150

The bank loan is secured by a legal charge over a number of investment properties in London owned by the company.

ROBINSON & FISHER LIMITED (REGISTERED NUMBER: 00273820)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

10. PROVISIONS FOR LIABILITIES
31.3.23 31.3.22
£    £   
Deferred tax
Accelerated capital allowances (2,526 ) (1,920 )
Property revaluations 570,574 627,298
568,048 625,378

Deferred
tax
£   
Balance at 1 April 2022 625,378
Credit to Income Statement during year (606 )
Transfer investment property (180,968 )
Fair value reserve movement (12,694 )
Effect of higher tax rates 136,938
Balance at 31 March 2023 568,048

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
18,495 A Ordinary £1.00 18,495 18,495
18,495 B Ordinary £1.00 18,495 18,495
36,990 36,990

12. LOANS FROM DIRECTORS

The following loans from a director subsisted during the years ended 31 March 2023 and 31 March 2022:

31.3.23 31.3.22
£    £   
R A Fisher
Balance outstanding at start of year (724,526 ) (725,706 )
Amounts advanced 249,708 -
Amounts repaid (638 ) (1,180 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (475,456 ) (724,526 )

13. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is R A Fisher.