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REGISTERED NUMBER: 04612482 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

ROBIN BEARNE CONSULTANCY LTD

ROBIN BEARNE CONSULTANCY LTD (REGISTERED NUMBER: 04612482)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ROBIN BEARNE CONSULTANCY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: R B Bearne
J E Bearne





REGISTERED OFFICE: 34-40 High Street
Wanstead
London
E11 2RJ





REGISTERED NUMBER: 04612482 (England and Wales)





ACCOUNTANTS: THP Limited
Chartered Accountants
Unit 4 Mulgrave Chambers
26-28 Mulgrave Road
Sutton
Surrey
SM2 6LE

ROBIN BEARNE CONSULTANCY LTD (REGISTERED NUMBER: 04612482)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 650,000 650,000

CURRENT ASSETS
Cash at bank and in hand 600 146

CREDITORS
Amounts falling due within one year 5 70,270 65,951
NET CURRENT LIABILITIES (69,670 ) (65,805 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

580,330

584,195

CREDITORS
Amounts falling due after more than one
year

6

(136,852

)

(145,621

)

PROVISIONS FOR LIABILITIES 9 (19,507 ) (19,507 )
NET ASSETS 423,971 419,067

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 180,181 180,181
Retained earnings 243,690 238,786
SHAREHOLDERS' FUNDS 423,971 419,067

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 24 October 2024 and were signed on its behalf by:





R B Bearne - Director


ROBIN BEARNE CONSULTANCY LTD (REGISTERED NUMBER: 04612482)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024


1. STATUTORY INFORMATION

Robin Bearne Consultancy Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Going concern
The financial statements are prepared on the going concern basis, which assumes the ability of the company to continue its activities for the foreseeable future, being a period of not less than twelve months from the approval of these accounts.

The directors, having considered all the information available, are confident that the company has adequate reserves and resources to continue its operational activities for the foreseeable future. Accordingly, the directors are satisfied that the going concern basis continues to be appropriate for the preparation of the annual financial statements.

Revenue recognition
Revenue is measured at the fair value of the consideration received or receivable and represents the amount receivable for services supplied, net of returns, discounts and value added taxes.

Rental income is recognised in the accounting period in which the rents were due.

Investment property
Investment Properties are shown at fair value. Any aggregate surplus or deficit that arises from a change in fair value is recognised in the income statement, net of deferred tax. On an annual basis this surplus or deficit is transferred from retained profits into a separate, non-distributable reserve called the "Fair value reserve".

Financial instruments
The company has chosen to adopt Sections 11 and 12 of FRS102 in respect of financial instruments.

Basic financial instruments are initially recognised at transaction value and subsequently carried at this value less any provision for impairment.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

ROBIN BEARNE CONSULTANCY LTD (REGISTERED NUMBER: 04612482)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023
and 31 January 2024 650,000
NET BOOK VALUE
At 31 January 2024 650,000
At 31 January 2023 650,000

Fair value at 31 January 2024 is represented by:
£   
Valuation in 2018 199,688
Cost 450,312
650,000

The investment property was valued on an open market basis on 31 January 2024 by the directors.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loan and overdrafts (see note 7) 8,364 7,482
Corporation tax 1,150 1,535
Other creditors 1,450 1,450
Amount due to related party 57,733 53,983
Directors' current accounts 97 97
Accrued expenses 1,476 1,404
70,270 65,951

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loan (see note 7) 136,852 145,621

Amounts falling due in more than five years:

Repayable by instalments
Bank loan > 5 years payable
by instalments 96,200 104,967
96,200 104,967

7. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loan - less than 1 year 8,364 7,482

Amounts falling due between one and two years:
Bank loan 9,110 8,328

Amounts falling due between two and five years:
Bank loan - 2-5 years 31,542 32,326

Amounts falling due in more than five years:

ROBIN BEARNE CONSULTANCY LTD (REGISTERED NUMBER: 04612482)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


7. LOANS - continued
2024 2023
£    £   
Amounts falling due in more than five years:
Repayable by instalments
Bank loan > 5 years payable
by instalments 96,200 104,967
96,200 104,967

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loan 145,216 153,103

The bank loan is secured by a legal and general charge over the freehold property at 12 Swaby Road, Earlsfield, SW18 3RA. Interest is charged at 3.33% plus Bank of England base rate per annum.

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Other timing differences 19,507 19,507

Deferred
tax
£   
Balance at 1 February 2023 19,507
Balance at 31 January 2024 19,507

10. RELATED PARTY DISCLOSURES

At the year end, the directors were owed £97 (2023 - £97) by the company. The loan is interest free and carries no fixed term of repayment.

At the year end an amount was due to a related party of £57,733 (2023 - £53,983) in which a director of this company has control.