1 false false false false false false false false false true false false false false false false No description of principal activity 2022-06-01 Sage Accounts Production Advanced 2021 - FRS102_2021 565,799 565,799 565,799 xbrli:pure xbrli:shares iso4217:GBP 12004519 2022-06-01 2023-05-31 12004519 2023-05-31 12004519 2021-06-01 2022-05-31 12004519 2022-05-31 12004519 bus:Director1 2022-06-01 2023-05-31 12004519 core:LandBuildings core:OwnedOrFreeholdAssets 2023-05-31 12004519 core:LandBuildings core:OwnedOrFreeholdAssets 2022-05-31 12004519 core:WithinOneYear 2023-05-31 12004519 core:WithinOneYear 2022-05-31 12004519 core:AfterOneYear 2023-05-31 12004519 core:AfterOneYear 2022-05-31 12004519 core:ShareCapital 2023-05-31 12004519 core:ShareCapital 2022-05-31 12004519 core:RetainedEarningsAccumulatedLosses 2023-05-31 12004519 core:RetainedEarningsAccumulatedLosses 2022-05-31 12004519 bus:SmallEntities 2022-06-01 2023-05-31 12004519 bus:AuditExemptWithAccountantsReport 2022-06-01 2023-05-31 12004519 bus:FullAccounts 2022-06-01 2023-05-31 12004519 bus:SmallCompaniesRegimeForAccounts 2022-06-01 2023-05-31 12004519 bus:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 12004519 1 2022-06-01 2023-05-31
COMPANY REGISTRATION NUMBER: 12004519
Robvilla Ltd
Filleted Unaudited Financial Statements
31 May 2023
Robvilla Ltd
Statement of Financial Position
31 May 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
5
565,799
565,799
Current assets
Cash at bank and in hand
7,953
8,832
Creditors: amounts falling due within one year
6
10,526
13,353
--------
--------
Net current liabilities
2,573
4,521
---------
---------
Total assets less current liabilities
563,226
561,278
Creditors: amounts falling due after more than one year
7
509,168
528,223
---------
---------
Net assets
54,058
33,055
---------
---------
Capital and reserves
Called up share capital
1
1
Profit and loss account
54,057
33,054
--------
--------
Shareholders funds
54,058
33,055
--------
--------
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 Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 12 February 2024 , and are signed on behalf of the board by:
M N Uddin
Director
Company registration number: 12004519
Robvilla Ltd
Notes to the Financial Statements
Year ended 31 May 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 8 Emerson Road, Ilford, IG1 4XA.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The 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 financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax The tax currently payable is based on taxable profit for the year. Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. The carrying amount of deferred tax assetss is reviewed at each reporting dateand deducted to the full extent that it is no longer probable that suffucient profits will allow it to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset realised. Deferred tax is charged or credited in the profit and loss acoount, except when it relates to items charged or credited directly to equity, in which case the defeered tax is is also dealt within equity. Deferred tax assets and liabilties are offset when the company has a legally enforceable right to offset current assets and liabilties and the deferred tax asset and laibilities relate to taxes levied by the same tax authority .
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss. If a reliable measure of fair value is no longer available without undue cost or effort for an item of investment property, it shall be transferred to tangible assets and treated as such until it is expected that fair value will be reliably measurable on an on-going basis.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: 1 ).
5. Tangible assets
Freehold property
£
Cost
At 1 June 2022 and 31 May 2023
565,799
---------
Depreciation
At 1 June 2022 and 31 May 2023
---------
Carrying amount
At 31 May 2023
565,799
---------
At 31 May 2022
565,799
---------
Included within the above is investment property as follows:
£
---------
At 1 June 2022 and 31 May 2023
565,799
---------
Tangible assets held at valuation
In respect of tangible assets held at valuation, the aggregate cost, depreciation and comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model are as follows:
Freehold property
£
At 31 May 2023
Aggregate cost
565,799
Aggregate depreciation
---------
Carrying value
565,799
---------
At 31 May 2022
Aggregate cost
565,799
Aggregate depreciation
---------
Carrying value
565,799
---------
6. Creditors: amounts falling due within one year
2023
2022
£
£
Corporation tax
4,926
7,753
Other creditors
5,600
5,600
--------
--------
10,526
13,353
--------
--------
7. Creditors: amounts falling due after more than one year
2023
2022
£
£
Other creditors
509,168
528,223
---------
---------
8. Controlling party
The company is under the control of its director Mr N Uddin.