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Registration number: 06721822

Robinson Jackson Investments Ltd

Unaudited Financial Statements

for the Year Ended 31 December 2023

Brebners
Chartered Accountants
130 Shaftesbury Avenue
London
W1D 5AR

 

Robinson Jackson Investments Ltd

Contents

Company Information

1

Statement of Financial Position

2

Notes to the Unaudited Financial Statements

3 to 5

 

Robinson Jackson Investments Ltd

Company Information

Directors

A C Robinson

P D Jackson

Registered office

2-4 Court Yard
Eltham
London
SE9 5PZ

Accountants

Brebners
Chartered Accountants
130 Shaftesbury Avenue
London
W1D 5AR

 

Robinson Jackson Investments Ltd

Statement of Financial Position as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Investment property

4

282,000

282,000

Current assets

 

Debtors

5

101,186

101,186

Cash at bank and in hand

 

56,089

38,597

 

157,275

139,783

Creditors: Amounts falling due within one year

6

(232,789)

(233,319)

Net current liabilities

 

(75,514)

(93,536)

Net assets

 

206,486

188,464

Capital and reserves

 

Called up share capital

2

2

Retained earnings

206,484

188,462

Shareholders' funds

 

206,486

188,464

For the financial 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.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Statement of Income and Retained Earnings has been taken.

Approved and authorised by the Board on 5 September 2024 and signed on its behalf by:
 

.........................................

A C Robinson

Director

Company registration number: 06721822

 

Robinson Jackson Investments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2-4 Court Yard
Eltham
London
SE9 5PZ

The principal activity of the company is that of being a member of estate agency partnerships.

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Going concern

The company made a profit for the year ended 31 December 2023 and had net assets at that date amounting to £206,486 including cash at bank of £56,089, but had net current liabilities amounting to £75,514.

In determining whether the company remains a going concern, the directors have considered the impact of the cost of living crisis. The company has simple affairs and minimal expenditure. Additionally, the company has few fixed overheads, and therefore together with the support from related undertakings, the directors believe that the company is well placed to manage its business risks successfully despite the current uncertain economic outlook.

After making enquiries, the directors have a reasonable expectation that the company has adequate resources to remain in operational existence for the foreseeable future. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities together with rental income receivable. Turnover is shown net of value added tax, rebates and discounts.

Turnover derived from estate agency portfolios is recognised in the period to which the profit relates. Turnover from rental income is recognised on an accruals basis evenly over the period of the lease.

 

Robinson Jackson Investments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate. The valuation uses observable market prices, adjusted if necessary for any difference in the nature, location, or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company during the year, was 0 (2022 - 0).

4

Investment properties

2023
£

Fair value
At 1 January 2023 & 31 December 2023

282,000

The investment property is reflected at fair value at 31 December 2023 as estimated by the directors at an amount of £282,000 based on their knowledge and experience of the property market.

5

Debtors

2023
£

2022
£

Trade debtors

19,455

19,455

Other debtors

81,731

81,731

101,186

101,186

 

Robinson Jackson Investments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Taxation and social security

5,945

6,474

Accruals and deferred income

6,417

6,417

Other creditors

220,427

220,428

232,789

233,319