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Registered Number: 10726666
England and Wales

 

 

 

ROBLAINE LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 April 2022

End date: 31 March 2023
Directors M E Welsh
R M Welsh
Registered Number 10726666
Registered Office Unit 34
Lune Industrial Estate
Lancaster
Lancashire
LA1 5QP
Accountants Kazbor Services Limited
102 Fairhope Avenue
Bare
Morecambe
Lancashire
LA4 6LA
1
As described in the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 31 March 2023 and you consider that the company is exempt from an audit under the Companies Act 2006.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.



....................................................
Kazbor Services Limited
102 Fairhope Avenue
Bare
Morecambe
Lancashire
LA4 6LA
17 November 2023
2
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 230,184    230,184 
Investments 4 298,434    168,352 
528,618    398,536 
Current assets      
Creditors: amount falling due within one year 5 (230,185)   (230,185)
Net current liabilities (230,185)   (230,185)
 
Total assets less current liabilities 298,433    168,351 
Net assets 298,433    168,351 
 

Capital and reserves
     
Called up share capital 6 50    50 
Share premium account 7 497,751    497,751 
Revaluation reserve (Fair Values) 8 (199,368)   (329,450)
Profit and loss account  
Shareholder's funds 298,433    168,351 
 


For the year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 17 November 2023 and were signed on its behalf by:


-------------------------------
R M Welsh
Director
3
General Information
Roblaine Limited is a private company, limited by shares, registered in England and Wales, registration number 10726666, registration address Unit 34, Lune Industrial Estate, Lancaster, Lancashire, LA1 5QP.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Going concern basis
The directors are of the opinion that COVID 19 has had negligible impact on the financial position of the company. They also consider that the company has adequate resources to manage its business risks for the foreseeable future which is due to the financial support given by the directors who have confirmed that they will continue to provide their support. Therefore, the going concern basis of accounting continues to be used in preparing the financial statements.
Tangible fixed assets - Investment properties
Investment property is initially measured at the acquisition value plus transaction costs. Subsequent valuations are included in the financial statements using the fair value as at the reporting date.  Any movement in fair value during the period is recognised in the profit and loss account and the aggregate surplus or deficit over acquisition value is transferred to a fair value reserve account. The surplus or deficit in fair value is only transferred to distributable profit and loss reserves in the event of an investment property sale.
Fixed asset investments
Interests in subsidiaries are initially measured at cost which normally includes the transaction price plus the transaction costs. Subsequent valuations are measured at fair value less any accumulated impairment losses. The investments in subsidiaries are assessed at each reporting date and their valuation is based on the current financial statements of each subsidiary. Any gains or losses are recognised immediately in profit or loss account and transferred to the accumulated revaluation reserve (fair values) account. A subsidiary is an entity controlled by the company for which control is defined as the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
Financial instruments
The company has elected to apply the provisions of Section 11 Basic Financial Instruments and Section 12 Other Financial Instruments Issues of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Basic financial instruments included within these financial statements are valued at the transaction price ruling at the time of the transaction.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
2.

Average number of employees

The average number of persons shown below include directors:

Average number of employees during the year was 2 (2022 : 2).
3.

Tangible fixed assets

Cost or valuation Investment properties   Total
  £   £
At 01 April 2022 230,184    230,184 
Additions  
Disposals  
At 31 March 2023 230,184    230,184 
Depreciation
At 01 April 2022  
Charge for year  
On disposals  
At 31 March 2023  
Net book values
Closing balance as at 31 March 2023 230,184    230,184 
Opening balance as at 01 April 2022 230,184    230,184 

Investments properties
The investment property consists of a property that is being used for trading purposes by another member of the group. A fair value of the investment property was made immediately prior to its acquisition which was prepared by Fisher Wrathall Chartered Surveyors, Lancaster. The valuation was based on the expected open market value at the time of acquisition. The directors consider that the current fair value of the investment property will not be materially different to its acquisition value. 

4.

Investments

Cost Investments in group undertakings   Total
  £   £
At 01 April 2022 168,352    168,352 
Additions  
Transfer to/from tangible fixed assets  
Disposals  
Revaluations 130,082    130,082 
At 31 March 2023 298,434    298,434 
Investment revaluations
The revaluations are attributable to movements in the fair value of the shareholdings in the subsidiary undertakings.

5.

Creditors: amount falling due within one year

2023
£
  2022
£
Other Creditors 230,185    230,185 
230,185    230,185 

6.

Share Capital

Allotted, called up and fully paid
2023
£
  2022
£
500 Letter class shares of £0.10 each 50    50 
50    50 

7.

Share premium account

2023
£
  2022
£
Equity Share Premium b/fwd 497,751    497,751 
497,751    497,751 

8.

Revaluation reserve (Fair Values)

2023
£
  2022
£
Revaluation Reserve b/fwd (329,450)  
Investments Impairment / Revaluation   (329,450)
Transfers to / from Other Reserves 130,082   
(199,368)   (329,450)

4