Registered number
01078584
Robe & Hitchens (Tudor) Limited
Unaudited Filleted Accounts
31 December 2023
Robe & Hitchens (Tudor) Limited
Registered number: 01078584
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 635,968 637,066
Current assets
Stocks 1,242 703
Debtors 4 516,918 518,453
Cash at bank and in hand 33,144 35,634
551,304 554,790
Creditors: amounts falling due within one year 5 (100,443) (93,308)
Net current assets 450,861 461,482
Total assets less current liabilities 1,086,829 1,098,548
Creditors: amounts falling due after more than one year 6 (82,306) (118,701)
Provisions for liabilities (694) (903)
Net assets 1,003,829 978,944
Capital and reserves
Called up share capital 128 128
Share premium 10,854 10,854
Revaluation reserve 7 480,915 480,915
Profit and loss account 511,932 487,047
Shareholders' funds 1,003,829 978,944
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.
A Moore
Director
Approved by the board on 15 April 2024
Robe & Hitchens (Tudor) Limited
Notes to the Accounts
for the year ended 31 December 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:
Plant and machinery 20% reducing balance
Fixtures, fittings, tools and equipment 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 6 7
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 January 2023 632,312 100,972 22,083 755,367
Disposals - - (9,713) (9,713)
At 31 December 2023 632,312 100,972 12,370 745,654
Depreciation
At 1 January 2023 - 96,402 21,899 118,301
Charge for the year - 914 184 1,098
On disposals - - (9,713) (9,713)
At 31 December 2023 - 97,316 12,370 109,686
Net book value
At 31 December 2023 632,312 3,656 - 635,968
At 31 December 2022 632,312 4,570 184 637,066
4 Debtors 2023 2022
£ £
Trade debtors 3,135 4,670
Amounts owed by group undertakings and undertakings in which the company has a participating interest 513,783 513,783
516,918 518,453
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 43,071 43,071
Trade creditors 10,050 11,760
Taxation and social security costs 42,370 33,775
Other creditors 4,952 4,702
100,443 93,308
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 82,306 118,701
7 Revaluation reserve 2023 2022
£ £
At 1 January 2023 480,915 480,915
At 31 December 2023 480,915 480,915
8 Other information
Robe & Hitchens (Tudor) Limited is a private company limited by shares and incorporated in England. Its registered office is:
2nd Floor
Nucleus House
2 Lower Mortlake Road
Richmond
TW9 2JA
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