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No description of principal activity
2023-01-01
Sage Accounts Production Advanced 2021 - FRS102_2021
11,215
172,108
183,323
183,323
11,215
xbrli:pure
xbrli:shares
iso4217:GBP
08972354
2023-01-01
2023-12-31
08972354
2023-12-31
08972354
2022-12-31
08972354
2022-01-01
2022-12-31
08972354
2022-12-31
08972354
core:LandBuildings
core:OwnedOrFreeholdAssets
2023-01-01
2023-12-31
08972354
bus:LeadAgentIfApplicable
2023-01-01
2023-12-31
08972354
bus:Director1
2023-01-01
2023-12-31
08972354
core:LandBuildings
core:OwnedOrFreeholdAssets
2023-12-31
08972354
core:PlantMachinery
2023-12-31
08972354
core:PlantMachinery
2023-01-01
2023-12-31
08972354
core:WithinOneYear
2023-12-31
08972354
core:WithinOneYear
2022-12-31
08972354
core:ShareCapital
2023-12-31
08972354
core:ShareCapital
2022-12-31
08972354
core:RetainedEarningsAccumulatedLosses
2023-12-31
08972354
core:RetainedEarningsAccumulatedLosses
2022-12-31
08972354
core:CostValuation
core:Non-currentFinancialInstruments
2022-12-31
08972354
core:AdditionsToInvestments
core:Non-currentFinancialInstruments
2023-12-31
08972354
core:CostValuation
core:Non-currentFinancialInstruments
2023-12-31
08972354
core:Non-currentFinancialInstruments
2023-12-31
08972354
core:Non-currentFinancialInstruments
2022-12-31
08972354
core:LandBuildings
core:OwnedOrFreeholdAssets
2022-12-31
08972354
core:LandBuildings
core:OwnedOrFreeholdAssets
2022-12-31
08972354
bus:SmallEntities
2023-01-01
2023-12-31
08972354
bus:AuditExemptWithAccountantsReport
2023-01-01
2023-12-31
08972354
bus:FullAccounts
2023-01-01
2023-12-31
08972354
bus:SmallCompaniesRegimeForAccounts
2023-01-01
2023-12-31
08972354
bus:PrivateLimitedCompanyLtd
2023-01-01
2023-12-31
COMPANY REGISTRATION NUMBER:
08972354
Filleted Unaudited Financial Statements |
|
Year ended 31 December 2023
Report to the director on the preparation of the unaudited statutory financial statements |
1 |
|
|
Statement of financial position |
2 to 3 |
|
|
Notes to the financial statements |
4 to 7 |
|
|
Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of
Robbins Holdings Limited |
|
Year ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Robbins Holdings Limited for the year ended 31 December 2023, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html. Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.
JAY & JAY PARTNERSHIP LIMITED
Chartered Certified Accountants
2 Chesterfield Buildings
Westbourne Place
Clifton
Bristol
BS8 1RU
1 May 2024
Statement of Financial Position |
|
31 December 2023
Fixed assets
Tangible assets |
5 |
2,637,692 |
2,575,000 |
Investments |
6 |
183,323 |
11,215 |
|
------------ |
------------ |
|
2,821,015 |
2,586,215 |
|
|
|
|
Current assets
Debtors |
7 |
148,479 |
228,879 |
Cash at bank and in hand |
519,122 |
648,345 |
|
--------- |
--------- |
|
667,601 |
877,224 |
|
|
|
|
Creditors: amounts falling due within one year |
8 |
207,210 |
86,062 |
|
--------- |
--------- |
Net current assets |
460,391 |
791,162 |
|
------------ |
------------ |
Total assets less current liabilities |
3,281,406 |
3,377,377 |
|
|
|
|
Provisions
Taxation including deferred tax |
126,587 |
126,587 |
|
------------ |
------------ |
Net assets |
3,154,819 |
3,250,790 |
|
------------ |
------------ |
|
|
|
Capital and reserves
Called up share capital |
529 |
529 |
Profit and loss account |
3,154,290 |
3,250,261 |
|
------------ |
------------ |
Shareholders funds |
3,154,819 |
3,250,790 |
|
------------ |
------------ |
|
|
|
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 comprehensive income has not been delivered.
For the year ending 31 December 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
.
Statement of Financial Position (continued) |
|
31 December 2023
These financial statements were approved by the
board of directors
and authorised for issue on
30 April 2024
, and are signed on behalf of the board by:
Mr R. D. Bagnall |
|
Director |
|
|
|
Company registration number:
08972354
Notes to the Financial Statements |
|
Year ended 31 December 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 8-18 Brookgate, Ashton Vale Trading Estate, Bristol, BS3 2UN.
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
The turnover shown in the profit and loss account represents rental income derived from letting the company's investment properties.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
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.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Freehold property |
- |
2% straight line |
|
|
|
|
Investment property
Investment properties are initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment properties are revalued to their 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. Depreciation is not charged on the investment properties as required by the Companies Act and FRS102.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
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. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Defined contribution plans
The company operates a defined contribution pension schemes for employees. The assets of the schemes are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
2
(2022:
2
).
5.
Tangible assets
|
Freehold property |
Plant and machinery |
Total |
|
£ |
£ |
£ |
Cost |
|
|
|
At 1 January 2023 |
2,932,044 |
– |
2,932,044 |
Additions |
– |
62,692 |
62,692 |
|
------------ |
-------- |
------------ |
At 31 December 2023 |
2,932,044 |
62,692 |
2,994,736 |
|
------------ |
-------- |
------------ |
Depreciation |
|
|
|
At 1 January 2023 and 31 December 2023 |
357,044 |
– |
357,044 |
|
------------ |
-------- |
------------ |
Carrying amount |
|
|
|
At 31 December 2023 |
2,575,000 |
62,692 |
2,637,692 |
|
------------ |
-------- |
------------ |
At 31 December 2022 |
2,575,000 |
– |
2,575,000 |
|
------------ |
-------- |
------------ |
|
|
|
|
The directors consider the fair value of the investment properties to be £2,575,000 at 31 December 2023. The basis of the valuation is fair value taking into account market conditions.
6.
Investments
|
Other investments other than loans |
|
£ |
Cost |
|
At 1 January 2023 |
11,215 |
Additions |
172,108 |
|
--------- |
At 31 December 2023 |
183,323 |
|
--------- |
Impairment |
|
At 1 January 2023 and 31 December 2023 |
– |
|
--------- |
|
|
Carrying amount |
|
At 31 December 2023 |
183,323 |
|
--------- |
At 31 December 2022 |
11,215 |
|
--------- |
|
|
7.
Debtors
|
2023 |
2022 |
|
£ |
£ |
Other debtors |
148,479 |
228,879 |
|
--------- |
--------- |
|
|
|
8.
Creditors:
amounts falling due within one year
|
2023 |
2022 |
|
£ |
£ |
Trade creditors |
– |
4,373 |
Corporation tax |
– |
21,153 |
Social security and other taxes |
5,322 |
732 |
Other creditors |
201,888 |
59,804 |
|
--------- |
-------- |
|
207,210 |
86,062 |
|
--------- |
-------- |
|
|
|
9.
Director's advances, credits and guarantees
As at 31 December 2023 the company owed Mr R. Bagnall, director, £40,000 (2022: Mr R. Bagnall £45,000).