Registered number
10117331
Robertson Property Investment Ltd
Filleted Accounts
30 April 2023
Robertson Property Investment Ltd
Registered number: 10117331
Balance Sheet
as at 30 April 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 459,342 586,078
Current assets
Debtors 4 120,000 120,000
Cash at bank and in hand 63,375 3,183
183,375 123,183
Creditors: amounts falling due within one year 5 (91,466) (96,865)
Net current assets 91,909 26,318
Total assets less current liabilities 551,251 612,396
Creditors: amounts falling due after more than one year 6 (581,075) (709,112)
Provisions for liabilities (13) (13)
Net liabilities (29,837) (96,729)
Capital and reserves
Called up share capital 2 2
Profit and loss account (29,839) (96,731)
Shareholders' funds (29,837) (96,729)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
N Robertson
Director
Approved by the board on 17 January 2024
Robertson Property Investment Ltd
Notes to the Accounts
for the year ended 30 April 2023
1 Accounting policies
Basis of preparation
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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Land and buildings N/A
Plant and machinery 25% reducing balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 May 2022 586,009 394 586,403
Disposals (126,719) - (126,719)
At 30 April 2023 459,290 394 459,684
Depreciation
At 1 May 2022 - 325 325
Charge for the year - 17 17
At 30 April 2023 - 342 342
Net book value
At 30 April 2023 459,290 52 459,342
At 30 April 2022 586,009 69 586,078
Investment property is included at fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
4 Debtors 2023 2022
£ £
Other debtors 120,000 120,000
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 2,848 4,326
Other creditors 88,618 92,539
91,466 96,865
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 372,615 500,652
Other creditors 208,460 208,460
581,075 709,112
7 Controlling party
There is no ultimate controlling party.
8 Other information
Robertson Property Investment Ltd is a private company limited by shares and incorporated in England. Its registered office is:
9 Rectory Gardens
Nottingham
NG8 2AR
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