Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31true2023-01-01falseNo description of principal activity11falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC718325 2023-01-01 2024-03-31 SC718325 2021-12-23 2022-12-31 SC718325 2024-03-31 SC718325 2022-12-31 SC718325 c:Director1 2023-01-01 2024-03-31 SC718325 c:RegisteredOffice 2023-01-01 2024-03-31 SC718325 d:FurnitureFittings 2023-01-01 2024-03-31 SC718325 d:FurnitureFittings 2024-03-31 SC718325 d:FurnitureFittings 2022-12-31 SC718325 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2024-03-31 SC718325 d:FreeholdInvestmentProperty 2024-03-31 SC718325 d:FreeholdInvestmentProperty 2022-12-31 SC718325 d:CurrentFinancialInstruments 2024-03-31 SC718325 d:CurrentFinancialInstruments 2022-12-31 SC718325 d:Non-currentFinancialInstruments 2024-03-31 SC718325 d:Non-currentFinancialInstruments 2022-12-31 SC718325 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 SC718325 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 SC718325 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 SC718325 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 SC718325 d:ShareCapital 2024-03-31 SC718325 d:ShareCapital 2022-12-31 SC718325 d:RetainedEarningsAccumulatedLosses 2024-03-31 SC718325 d:RetainedEarningsAccumulatedLosses 2022-12-31 SC718325 c:OrdinaryShareClass1 2023-01-01 2024-03-31 SC718325 c:OrdinaryShareClass1 2024-03-31 SC718325 c:OrdinaryShareClass1 2022-12-31 SC718325 c:OrdinaryShareClass2 2023-01-01 2024-03-31 SC718325 c:OrdinaryShareClass2 2024-03-31 SC718325 c:OrdinaryShareClass2 2022-12-31 SC718325 c:FRS102 2023-01-01 2024-03-31 SC718325 c:AuditExempt-NoAccountantsReport 2023-01-01 2024-03-31 SC718325 c:FullAccounts 2023-01-01 2024-03-31 SC718325 c:PrivateLimitedCompanyLtd 2023-01-01 2024-03-31 SC718325 e:PoundSterling 2023-01-01 2024-03-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: SC718325










ROBB PROPERTY PORTFOLIO LTD
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

 
ROBB PROPERTY PORTFOLIO LTD
 

COMPANY INFORMATION


Director
Mr N M Robb 




Registered number
SC718325



Registered office
18 North Leith Sands
Edinburgh

EH6 4ER




Accountants
EQ Accountants Limited
Chartered Accountants

Pentland House

Saltire Centre

Glenrothes

Fife

KY6 2AH





 
ROBB PROPERTY PORTFOLIO LTD
REGISTERED NUMBER: SC718325

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

31 March
31 December
2024
2022
£
£

Fixed assets
  

Tangible assets
 4 
11,843
10,229

Investment property
 5 
899,923
899,923

  
911,766
910,152

Current assets
  

Debtors: amounts falling due within one year
 6 
3,456
5,464

Cash at bank and in hand
  
539,479
16,698

  
542,935
22,162

Creditors: amounts falling due within one year
 7 
(2,785)
(1,979)

Net current assets
  
 
 
540,150
 
 
20,183

Total assets less current liabilities
  
1,451,916
930,335

Creditors: amounts falling due after more than one year
 8 
(1,452,336)
(949,364)

  

Net liabilities
  
(420)
(19,029)


Capital and reserves
  

Called up share capital 
 9 
100
100

Profit and loss account
  
(520)
(19,129)

  
(420)
(19,029)


Page 1

 
ROBB PROPERTY PORTFOLIO LTD
REGISTERED NUMBER: SC718325

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

The director considers 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 period in question in accordance with section 476 of the Companies Act 2006.

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 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 income and retained earnings 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 on 6 June 2024.




Mr N M Robb
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
ROBB PROPERTY PORTFOLIO LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

1.


General information

Robb Property Portfolio Ltd is a private company, limited by shares and incorporated in Scotland, Registration Number SC718325. The registered office address is 18 North Leith Sands, Edinburgh, Scotland, EH6 4ER.
During the period, the company extended its year end from 31 December 2023 to 31 March 2024.
The financial statements are presented in Sterling which is the functional currency of the Company and rounded to the nearest £.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Rendering of services

Turnover 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 turnover 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.

Page 3

 
ROBB PROPERTY PORTFOLIO LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
10%
Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.5

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


3.


Employees




The average monthly number of employees, including directors, during the period was 1 (2022 - 1).

Page 4

 
ROBB PROPERTY PORTFOLIO LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

4.


Tangible fixed assets







Fixtures and fittings

£



Cost or valuation


At 1 January 2023
10,499


Additions
3,000



At 31 March 2024

13,499



Depreciation


At 1 January 2023
270


Charge for the period on owned assets
1,386



At 31 March 2024

1,656



Net book value



At 31 March 2024
11,843



At 31 December 2022
10,229


5.


Investment property





Freehold investment property

£



Valuation


At 1 January 2023
899,923



At 31 March 2024
899,923

The 2024 valuations were made by the director, on an open market value for existing use basis.




Page 5

 
ROBB PROPERTY PORTFOLIO LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

6.


Debtors

31 March
31 December
2024
2022
£
£


Other debtors
100
100

Prepayments and accrued income
3,356
5,364

3,456
5,464



7.


Creditors: Amounts falling due within one year

31 March
31 December
2024
2022
£
£

Accruals and deferred income
2,785
1,979



8.


Creditors: Amounts falling due after more than one year

31 March
31 December
2024
2022
£
£

Bank loans
627,078
627,106

Other creditors
825,258
322,258

1,452,336
949,364


Secured loans
The bank loan is secured over the investment property of the Company. 
Creditors: Amounts falling due after more than 5 years
Included within bank loans due after more than 1 year are instalments totalling £627,078 which are due after 5 years.

Page 6

 
ROBB PROPERTY PORTFOLIO LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

9.


Share capital

31 March
31 December
2024
2022
£
£
Authorised, allotted, called up and fully paid



80 (2022 - 80) Ordinary A shares of £1.00 each
80
80
20 (2022 - 20) Ordinary B shares of £1.00 each
20
20

100

100



Page 7