Company registration number 11487323 (England and Wales)
ROBERT MAE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
PAGES FOR FILING WITH REGISTRAR
ROBERT MAE LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
ROBERT MAE LIMITED (REGISTERED NUMBER: 11487323)
BALANCE SHEET
AS AT
31 MARCH 2023
31 March 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
-
0
1,811
Investment properties
4
904,485
603,233
904,485
605,044
Current assets
Cash at bank and in hand
10,490
7,169
Creditors: amounts falling due within one year
5
(588,314)
(327,838)
Net current liabilities
(577,824)
(320,669)
Total assets less current liabilities
326,661
284,375
Creditors: amounts falling due after more than one year
6
(315,990)
(332,447)
Provisions for liabilities
(4,837)
6,343
Net assets/(liabilities)
5,834
(41,729)
Capital and reserves
Called up share capital
100
100
Non-distributable profits reserve
7
27,253
17,831
Distributable profit and loss reserves
(21,519)
(59,660)
Total equity
5,834
(41,729)

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial 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.

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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

ROBERT MAE LIMITED (REGISTERED NUMBER: 11487323)
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2023
31 March 2023
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 6 March 2024 and are signed on its behalf by:
Mr N Redding
Director
ROBERT MAE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
- 3 -
1
Accounting policies
Company information

Robert Mae Limited is a private company limited by shares incorporated in England and Wales. The registered office is 19-21 Swan Street, West Malling, Kent, ME19 6JU.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of investment properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Going concern

Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover represents rental income.

1.4
Research and development expenditure

Research expenditure is written off against profits in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated.

1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
3 years straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.6
Investment properties

Investment property, which is property held to earn rentals and for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

ROBERT MAE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
1
Accounting policies
(Continued)
- 4 -
1.7
Taxation

The tax expense represents deferred tax.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
2
2
3
Tangible fixed assets
Fixtures and fittings
£
Cost
At 1 April 2022
6,517
Disposals
(6,517)
At 31 March 2023
-
0
Depreciation and impairment
At 1 April 2022
4,706
Eliminated in respect of disposals
(4,706)
At 31 March 2023
-
0
Carrying amount
At 31 March 2023
-
0
At 31 March 2022
1,811
4
Investment property
2023
£
Fair value
At 1 April 2022
603,233
Additions
380,851
Disposals
(115,250)
Revaluations
35,651
At 31 March 2023
904,485
ROBERT MAE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
4
Investment property
(Continued)
- 5 -

Investment property comprises £904,485. The fair value of the investment property has been arrived at on the basis of a valuation carried out by the director of the company. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

5
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
1,219
5,593
Trade creditors
376,322
-
0
Other creditors
210,773
322,245
588,314
327,838
6
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
315,990
332,447

The loans are secured by way of negative pledge.

7
Non-distributable profits reserve
2023
2022
£
£
At the beginning of the year
17,831
13,663
Non distributable profits in the year
9,422
4,168
At the end of the year
27,253
17,831
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