Company registration number 10188355 (England and Wales)
PROPERTY ROBINS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023
PAGES FOR FILING WITH REGISTRAR
PROPERTY ROBINS LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 4
PROPERTY ROBINS LIMITED
BALANCE SHEET
AS AT
31 MAY 2023
31 May 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
2
96,691
-
0
Investment properties
3
2,521,000
2,456,000
2,617,691
2,456,000
Current assets
Debtors
4
1,702
-
0
Cash at bank and in hand
16,239
12,758
17,941
12,758
Creditors: amounts falling due within one year
5
(235,262)
(207,679)
Net current liabilities
(217,321)
(194,921)
Total assets less current liabilities
2,400,370
2,261,079
Creditors: amounts falling due after more than one year
6
(1,626,718)
(1,682,907)
Provisions for liabilities
(193,759)
(109,915)
Net assets
579,893
468,257
Capital and reserves
Called up share capital
7
2
2
Revaluation reserve
28,344
-
0
Profit and loss reserves
551,547
468,255
Total equity
579,893
468,257

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

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

The director acknowledges his 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.

PROPERTY ROBINS LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MAY 2023
31 May 2023
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 7 February 2024
Mr A Payg
Director
Company Registration No. 10188355
PROPERTY ROBINS LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2023
31 May 2023
- 3 -
1
Employees

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

2023
2022
Number
Number
Total
1
2
2
Tangible fixed assets
Land and buildings
Plant and machinery
Total
£
£
£
Cost
At 1 June 2022
-
0
-
0
-
0
Additions
-
0
1,962
1,962
Transfers
95,000
-
0
95,000
At 31 May 2023
95,000
1,962
96,962
Depreciation and impairment
At 1 June 2022
-
0
-
0
-
0
Depreciation charged in the year
-
0
271
271
At 31 May 2023
-
0
271
271
Carrying amount
At 31 May 2023
95,000
1,691
96,691
At 31 May 2022
-
0
-
0
-
0
3
Investment property
2023
£
Fair value
At 1 June 2022
2,456,000
Transfers
(95,000)
Revaluations
160,000
At 31 May 2023
2,521,000

The fair value of the investment property has been arrived at on the basis of valuations 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.

PROPERTY ROBINS LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2023
31 May 2023
- 4 -
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
1,702
-
0
5
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
2,716
2,189
Trade creditors
1,044
2,243
Taxation and social security
-
0
80
Other creditors
231,502
203,167
235,262
207,679
6
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
1,626,718
1,682,907

Of the creditors falling due within and after more than one year bank loans of £1,620,526 (2022: £1,673,517) are secured by fixed charges over the investment properties of the company and have also been personally guaranteed by the directors.

Creditors which fall due after five years are as follows:
2023
2022
£
£
Payable other than by instalments
1,620,526
1,673,517
7
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
2
2
2
2
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