1 April 2023 v2024.53.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP013085082023-04-012024-03-31013085082024-03-31013085082023-03-3101308508core:WithinOneYear2024-03-3101308508core:WithinOneYear2023-03-3101308508core:AfterOneYear2024-03-3101308508core:AfterOneYear2023-03-3101308508core:ShareCapital2024-03-3101308508core:ShareCapital2023-03-3101308508core:RetainedEarningsAccumulatedLosses2024-03-3101308508core:RetainedEarningsAccumulatedLosses2023-03-3101308508bus:Director12023-04-012024-03-3101308508bus:RegisteredOffice2023-04-012024-03-3101308508core:FurnitureFittings2023-04-012024-03-31013085082022-04-012023-03-3101308508core:LandBuildings2024-03-3101308508core:PlantMachinery2024-03-3101308508core:PlantMachinery2023-04-01013085082023-04-0101308508core:PlantMachinery2023-04-012024-03-3101308508core:LandBuildings2023-03-3101308508core:PlantMachinery2023-03-310130850812023-04-012024-03-310130850812023-04-012024-03-3101308508countries:EnglandWales2023-04-012024-03-3101308508bus:AuditExemptWithAccountantsReport2023-04-012024-03-3101308508bus:PrivateLimitedCompanyLtd2023-04-012024-03-3101308508bus:SmallEntities2023-04-012024-03-3101308508bus:FullAccounts2023-04-012024-03-31
Company registration number:
01308508
H. Mcrobbie Holdings Limited
Unaudited Filleted Financial Statements for the year ended
31 March 2024
H. Mcrobbie Holdings Limited
Report to the board of directors on the preparation of the unaudited statutory financial statements of H. Mcrobbie Holdings Limited
Year ended
31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements
of
H. Mcrobbie Holdings Limited
for the year ended
31 March 2024
which comprise the income statement, statement of income and retained earnings, statement of financial position and related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/​content/​dam/​ACCA_Global/​Members/​Doc/​rule/​2018-rulebook.pdf.
This report is made solely to the Board of Directors of
H. Mcrobbie Holdings Limited
, as a body, in accordance with the terms of our engagement letter dated 24 December 2021. Our work has been undertaken solely to prepare for your approval the
financial statements
of
H. Mcrobbie Holdings Limited
and state those matters that we have agreed to state to the Board of Directors of
H. Mcrobbie Holdings Limited
, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at https://www.accaglobal.com/​content/​dam/​ACCA_Global/​Technical/​fact/​tf-163-jan-24.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than
H. Mcrobbie Holdings Limited
and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that
H. Mcrobbie Holdings Limited
has kept adequate accounting records and to prepare statutory
financial statements
that give a true and fair view of the assets, liabilities, financial position and profit of
H. Mcrobbie Holdings Limited
. You consider that
H. Mcrobbie Holdings Limited
is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of H. Mcrobbie Holdings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Coulman Scott LLP
20-22 Wenlock Road
London
N1 7GU
United Kingdom
Date:
25 October 2024
H. Mcrobbie Holdings Limited
Statement of Financial Position
31 March 2024
20242023
Note££
Fixed assets    
Tangible assets 5
991,664
 
992,220
 
Current assets    
Debtors 6
5,221
 
29,390
 
Cash at bank and in hand
60,179
 
54,287
 
65,400
 
83,677
 
Creditors: amounts falling due within one year 7
(81,100
)
(62,615
)
Net current (liabilities)/assets
(15,700
)
21,062
 
Total assets less current liabilities 975,964   1,013,282  
Creditors: amounts falling due after more than one year 8
(10,000
)
(10,000
)
Provisions for liabilities
(160,461
)
(182,671
)
Net assets
805,503
 
820,611
 
Capital and reserves    
Called up share capital
20,000
 
20,000
 
Profit and loss account
785,503
 
800,611
 
Shareholders funds
805,503
 
820,611
 
For the year ending
31 March 2024
, 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 financial statements for the year in question in accordance with section 476;
  • The directors acknowledge 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
25 October 2024
, and are signed on behalf of the board by:
P Mcrobbie
Director
Company registration number:
01308508
H. Mcrobbie Holdings Limited
Notes to the Financial Statements
Year ended
31 March 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
48 Clear Crescent
,
Melbourn
,
Royston
,
Cambridgeshire
,
SG8 6JD
, 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods or services supplied, net of discounts and Value Added Tax.
Revenue is recognised in the accounting period in which the services are rendered when the outcome of contract can be estimated reliably. The company uses the percentage of completion method based on the actual service performed as a percentage of the total services to be provided.
Rental income is recognised on an accrual basis in accordance with the relevant rental agreements.

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:
Fixtures and fittings
25% reducing balance

Investment properties

Investment property is measured initially at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

Provisions for liabilities

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Operating leases

A lease is classified as an operating lease if it does not transfer substantially all the risks and rewards incidental to ownership. Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

4 Average number of employees

The average number of persons employed by the company during the year was
4
(2023:
3.00
).

5 Tangible assets

Land and buildingsPlant and machinery etc.Total
£££
Cost      
At
1 April 2023
and
31 March 2024
990,000
 
12,808
 
1,002,808
 
Depreciation      
At
1 April 2023
-  
10,588
 
10,588
 
Charge -  
556
 
556
 
At
31 March 2024
-  
11,144
 
11,144
 
Carrying amount      
At
31 March 2024
990,000
 
1,664
 
991,664
 
At 31 March 2023
990,000
 
2,220
 
992,220
 

Investment property

Included in land and buildings are the following amounts in relation to investment properties:
2024
£
Carrying value at
1 April 2023
and
31 March 2024
990,000
 
The property will be undergoing refurbishment works and will revalued in the new year.

6 Debtors

20242023
££
Trade debtors
8,951
 
28,772
 
Other debtors
(3,730
)
618
 
5,221
 
29,390
 

7 Creditors: amounts falling due within one year

20242023
££
Trade creditors
1,396
 
562
 
Taxation and social security
17,877
 
23,008
 
Other creditors
61,827
 
39,045
 
81,100
 
62,615
 

8 Creditors: amounts falling due after more than one year

20242023
££
Other creditors
10,000
 
10,000
 

9 Events after the end of the reporting period

In August 2024 the company entered into a new lease agreement for a motor vehicle in which £26,279.49 is the total value of the lease payable over 4 years.