13 February 2023 v2024.42.1 limited_company_frs_102_section_1a_v1_1_1 companies_houseSoftwarefalsetruetruetrueNo description of principal activity0falsetruexbrli:purexbrli:sharesiso4217:GBP146591782023-02-132024-02-28146591782024-02-2814659178core:WithinOneYear2024-02-2814659178core:AfterOneYear2024-02-2814659178core:ShareCapital2024-02-2814659178core:RetainedEarningsAccumulatedLosses2024-02-2814659178bus:Director12023-02-132024-02-2814659178bus:RegisteredOffice2023-02-132024-02-2814659178core:LandBuildings2023-02-132024-02-2814659178core:LandBuildings2024-02-281465917812023-02-132024-02-2814659178countries:EnglandWales2023-02-132024-02-2814659178bus:AuditExempt-NoAccountantsReport2023-02-132024-02-2814659178bus:PrivateLimitedCompanyLtd2023-02-132024-02-2814659178bus:SmallEntities2023-02-132024-02-2814659178bus:FullAccounts2023-02-132024-02-28
Company registration number:
14659178
P B Robinson Properties Ltd
Unaudited Filleted Financial Statements for the period ended
28 February 2024
Utile Accountancy Limited
Suite 1B, Turnpike Gate House, Alcester Heath, Alcester, B49 5JG, United Kingdom
P B Robinson Properties Ltd
Report to the board of directors on the preparation of the unaudited statutory financial statements of P B Robinson Properties Ltd
Period ended
28 February 2024
As described on the statement of financial position, the Board of Directors of
P B Robinson Properties Ltd
are responsible for the preparation of the
financial statements
for the period ended
28 February 2024
, which comprise the income statement, statement of financial position and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
Utile Accountancy Limited
Suite 1B, Turnpike Gate House, Alcester Heath
Alcester
B49 5JG
United Kingdom
Date:
18 September 2024
P B Robinson Properties Ltd
Statement of Financial Position
28 February 2024
28 Feb 2024
Note£
Fixed assets  
Tangible assets 5
179,406
 
Current assets  
Debtors 6
651
 
Cash at bank and in hand
3,662
 
4,313
 
Creditors: amounts falling due within one year 7
(73,776
)
Net current liabilities
(69,463
)
Total assets less current liabilities 109,943  
Creditors: amounts falling due after more than one year 8
(122,238
)
Net liabilities
(12,295
)
Capital and reserves  
Called up share capital
1
 
Profit and loss account
(12,296
)
Shareholders deficit
(12,295
)
For the period ending
28 February 2024
, 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 period in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
financial statements
have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies’ regime.
In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered.
These
financial statements
were approved by the board of directors and authorised for issue on
18 September 2024
, and are signed on behalf of the board by:
Mr P Robinson
Director
Company registration number:
14659178
P B Robinson Properties Ltd
Notes to the Financial Statements
Period ended
28 February 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
3 Campden Close
,
Redditch
,
B97 5NJ
, England.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and 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 assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Going concern

At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.
Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount 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 capital and reserves. However, the increase is recognised in profit or loss to the extent that 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 capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Land and buildings
30 Years Straight Line

Impairment

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.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4 Average number of employees

The average number of persons employed by the company during the period was Nil.

5 Tangible assets

Land and buildings
£
Cost  
At
13 February 2023
-  
Additions
184,014
 
At
28 February 2024
184,014
 
Depreciation  
At
13 February 2023
-  
Charge
4,608
 
At
28 February 2024
4,608
 
Carrying amount  
At
28 February 2024
179,406
 

6 Debtors

28 Feb 2024
£
Trade debtors
651
 

7 Creditors: amounts falling due within one year

28 Feb 2024
£
Bank loans and overdrafts
6,287
 
Other creditors
67,489
 
73,776
 

8 Creditors: amounts falling due after more than one year

28 Feb 2024
£
Bank loans and overdrafts
122,238