Silverfin false false 31/12/2023 01/01/2023 31/12/2023 A N Gilbert 01/03/2019 B S Nicol 01/03/2006 H M Nicol 01/07/2015 J H Nicol 31/01/2024 01/03/2019 25 September 2024 The principal activity of the Company during the financial year was the provision of estate agency services. 05726026 2023-12-31 05726026 bus:Director1 2023-12-31 05726026 bus:Director2 2023-12-31 05726026 bus:Director3 2023-12-31 05726026 bus:Director4 2023-12-31 05726026 2022-12-31 05726026 core:CurrentFinancialInstruments 2023-12-31 05726026 core:CurrentFinancialInstruments 2022-12-31 05726026 core:Non-currentFinancialInstruments 2023-12-31 05726026 core:Non-currentFinancialInstruments 2022-12-31 05726026 core:ShareCapital 2023-12-31 05726026 core:ShareCapital 2022-12-31 05726026 core:RetainedEarningsAccumulatedLosses 2023-12-31 05726026 core:RetainedEarningsAccumulatedLosses 2022-12-31 05726026 core:Goodwill 2022-12-31 05726026 core:Goodwill 2023-12-31 05726026 core:LandBuildings 2022-12-31 05726026 core:Vehicles 2022-12-31 05726026 core:FurnitureFittings 2022-12-31 05726026 core:OfficeEquipment 2022-12-31 05726026 core:LandBuildings 2023-12-31 05726026 core:Vehicles 2023-12-31 05726026 core:FurnitureFittings 2023-12-31 05726026 core:OfficeEquipment 2023-12-31 05726026 core:DeferredTaxation 2022-12-31 05726026 core:DeferredTaxation 2023-12-31 05726026 core:AcceleratedTaxDepreciationDeferredTax 2023-12-31 05726026 core:AcceleratedTaxDepreciationDeferredTax 2022-12-31 05726026 2023-01-01 2023-12-31 05726026 bus:FilletedAccounts 2023-01-01 2023-12-31 05726026 bus:SmallEntities 2023-01-01 2023-12-31 05726026 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 05726026 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 05726026 bus:Director1 2023-01-01 2023-12-31 05726026 bus:Director2 2023-01-01 2023-12-31 05726026 bus:Director3 2023-01-01 2023-12-31 05726026 bus:Director4 2023-01-01 2023-12-31 05726026 core:Goodwill core:TopRangeValue 2023-01-01 2023-12-31 05726026 core:LandBuildings core:BottomRangeValue 2023-01-01 2023-12-31 05726026 core:LandBuildings core:TopRangeValue 2023-01-01 2023-12-31 05726026 core:Vehicles core:TopRangeValue 2023-01-01 2023-12-31 05726026 core:FurnitureFittings core:TopRangeValue 2023-01-01 2023-12-31 05726026 core:OfficeEquipment core:TopRangeValue 2023-01-01 2023-12-31 05726026 2022-01-01 2022-12-31 05726026 core:LandBuildings 2023-01-01 2023-12-31 05726026 core:Vehicles 2023-01-01 2023-12-31 05726026 core:FurnitureFittings 2023-01-01 2023-12-31 05726026 core:OfficeEquipment 2023-01-01 2023-12-31 05726026 core:CurrentFinancialInstruments 2023-01-01 2023-12-31 05726026 core:Non-currentFinancialInstruments 2023-01-01 2023-12-31 05726026 core:DeferredTaxation 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Company No: 05726026 (England and Wales)

ROBERT STANFORD ESTATES LTD

Unaudited Financial Statements
For the financial year ended 31 December 2023
Pages for filing with the registrar

ROBERT STANFORD ESTATES LTD

Unaudited Financial Statements

For the financial year ended 31 December 2023

Contents

ROBERT STANFORD ESTATES LTD

BALANCE SHEET

As at 31 December 2023
ROBERT STANFORD ESTATES LTD

BALANCE SHEET (continued)

As at 31 December 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 4 463,965 589,394
463,965 589,394
Current assets
Debtors 5 181,356 62,097
Cash at bank and in hand 68,491 194,320
249,847 256,417
Creditors: amounts falling due within one year 6 ( 329,507) ( 359,693)
Net current liabilities (79,660) (103,276)
Total assets less current liabilities 384,305 486,118
Creditors: amounts falling due after more than one year 7 ( 316,021) ( 362,575)
Provision for liabilities 8 ( 44,121) ( 111,985)
Net assets 24,163 11,558
Capital and reserves
Called-up share capital 100 100
Profit and loss account 24,063 11,458
Total shareholder's funds 24,163 11,558

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 financial statements of Robert Stanford Estates Ltd (registered number: 05726026) were approved and authorised for issue by the Board of Directors on 25 September 2024. They were signed on its behalf by:

B S Nicol
Director
ROBERT STANFORD ESTATES LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
ROBERT STANFORD ESTATES LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Robert Stanford Estates Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 2a Dartmouth Road, Forest Hill, SE23 3XU, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its 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, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current 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
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.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 5 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings 10 - 50 years straight line
Vehicles 4 years straight line
Fixtures and fittings 4 years straight line
Office equipment 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 20 24

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 January 2023 159,823 159,823
At 31 December 2023 159,823 159,823
Accumulated amortisation
At 01 January 2023 159,823 159,823
At 31 December 2023 159,823 159,823
Net book value
At 31 December 2023 0 0
At 31 December 2022 0 0

4. Tangible assets

Land and buildings Vehicles Fixtures and fittings Office equipment Total
£ £ £ £ £
Cost
At 01 January 2023 492,631 304,621 221,702 185,245 1,204,199
Additions 0 0 10,765 3,233 13,998
At 31 December 2023 492,631 304,621 232,467 188,478 1,218,197
Accumulated depreciation
At 01 January 2023 187,205 136,123 148,444 143,033 614,805
Charge for the financial year 27,079 54,332 38,463 19,553 139,427
At 31 December 2023 214,284 190,455 186,907 162,586 754,232
Net book value
At 31 December 2023 278,347 114,166 45,560 25,892 463,965
At 31 December 2022 305,426 168,498 73,258 42,212 589,394

5. Debtors

2023 2022
£ £
Trade debtors 17,602 41,206
Other debtors 163,754 20,891
181,356 62,097

6. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans 104,124 123,004
Trade creditors 26,714 12,638
Amounts owed to Group undertakings 1,934 1,934
Taxation and social security 145,577 178,752
Obligations under finance leases and hire purchase contracts 35,729 32,291
Other creditors 15,429 11,074
329,507 359,693

Liabilities due under hire purchase contracts are secured on the assets financed.

7. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans 232,645 243,469
Obligations under finance leases and hire purchase contracts 83,376 119,106
316,021 362,575

Liabilities due under hire purchase contracts are secured on the assets financed.

8. Provision for liabilities

2023 2022
£ £
Deferred tax 44,121 111,985
Deferred taxation Total
£ £
At 01 January 2023 111,985 111,985
Credited to the Profit and Loss Account ( 67,864) ( 67,864)
At 31 December 2023 44,121 44,121

Deferred tax

2023 2022
£ £
Accelerated capital allowances 44,121 111,985
Provision for deferred tax 44,121 111,985

9. Related party transactions

Transactions with the entity's directors

2023 2022
£ £
Amounts due from directors 148,041 5,575

During the year, the company advanced £148,066 to the directors of the company and repayments of £5,600 (2022: £140,000) were made.