Caseware UK (AP4) 2023.0.135 2023.0.135 2023-03-312023-03-312022-04-01truefalseproperty developing22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04179189 2022-04-01 2023-03-31 04179189 2023-03-31 04179189 2021-04-01 2022-03-31 04179189 2022-03-31 04179189 c:Director2 2022-04-01 2023-03-31 04179189 d:CurrentFinancialInstruments 2023-03-31 04179189 d:CurrentFinancialInstruments 2022-03-31 04179189 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 04179189 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 04179189 d:ShareCapital 2023-03-31 04179189 d:ShareCapital 2022-03-31 04179189 d:RetainedEarningsAccumulatedLosses 2023-03-31 04179189 d:RetainedEarningsAccumulatedLosses 2022-03-31 04179189 c:OrdinaryShareClass1 2022-04-01 2023-03-31 04179189 c:OrdinaryShareClass1 2023-03-31 04179189 c:OrdinaryShareClass1 2022-03-31 04179189 c:FRS102 2022-04-01 2023-03-31 04179189 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 04179189 c:FullAccounts 2022-04-01 2023-03-31 04179189 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 04179189 2 2022-04-01 2023-03-31 04179189 6 2022-04-01 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure

Company Registration Number 04179189























ST ROBERTS HOMES LTD





UNAUDITED
FINANCIAL STATEMENTS





 31 MARCH 2023

























 
ST ROBERTS HOMES LTD
REGISTERED NUMBER: 04179189

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
50
50

  
50
50

Current assets
  

Stocks
  
-
1,299,331

Debtors: amounts falling due within one year
 5 
30,587
812,882

Cash at bank and in hand
  
268,373
674,410

  
298,960
2,786,623

Creditors: amounts falling due within one year
 6 
(167,219)
(3,152,822)

Net current assets/(liabilities)
  
 
 
131,741
 
 
(366,199)

Total assets less current liabilities
  
131,791
(366,149)

  

Net assets/(liabilities)
  
131,791
(366,149)


Capital and reserves
  

Called up share capital 
 7 
2
2

Profit and loss account
  
131,789
(366,151)

  
131,791
(366,149)


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 


................................................
R A Fleming
Director

Date: 21 February 2024

Page 1

 
ST ROBERTS HOMES LTD
 

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

1.


General information

St Roberts Homes Limited is a private company limited by shares, incorporated in England and Wales under company number 04179189. The address of the registered office is 1 Rudgate Court Rudgate Court, Walton, Wetherby, England, LS23 7BF. 
These accounts have been prepared in pound sterling as this is the currency of the primary economic environment in which the Company operates.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

Page 2

 
ST ROBERTS HOMES LTD
 

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

2.Accounting policies (continued)

 
2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Page 3

 
ST ROBERTS HOMES LTD
 

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

4.


Fixed asset investments





Investments in joint venture

£



Cost or valuation


At 1 April 2022
50



At 31 March 2023
50





5.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
-
806,428

Other debtors
30,587
6,454

30,587
812,882



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
200
13,158

Amounts owed to group undertakings
20,347
-

Other creditors
92,754
2,599,483

Accruals and deferred income
53,918
540,181

167,219
3,152,822


Page 4

 
ST ROBERTS HOMES LTD
 

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

7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



2 (2022 - 2) Ordinary shares shares of £1.00 each
2
2



8.Other financial commitments

There is a cross company guarantee in respect of financing from Barclays Security Trustee Limited and CFK Developments Limited and St Roberts Homes Limited. 


9.


Related party transactions

CFK Developments Limited is the parent company of St Roberts Homes Limited. 
Management fees of £30,000 (2022: £28,500) were charged by CFK Developments Limited to this company in the year ended 31 March 2023. 
At 31 March 2023, £89,768 (2022: £1,853,781) was owed to R Fleming, a director and shareholder of CFK Developments Limited and £nil (2022: £720,915) to RAF Partnership, R Fleming is a partner in RAF Partnership. 
Loans of £nil (2022: £21,800) were owed to P Cable at 31 March 2023, a director of this company.  
As at 31 March 2023 interest of £nil (2022: £332,265) was accrued on the loan from R Fleming and £nil (2022: £129,214) from RAF Partnership.                                                                                                            
At 31 March 2023, loan £40,626 (2022: £273,554) was owed to CFK Development Limited, and loan of
£20,279 (2022: £532,874) was owed by St Roberts Homes (Westgate).

In the year ended 31 March 2023, investment income of £568,932 was received from CFK Ilkley LLP and £50,000 from St Roberts Home Westgate Limited.

10.


Controlling party

The company is a wholly owned subsidiary of CFK Developments Limited, registered in England and
Wales and which has the same registered office as this company. 


Page 5