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Company Registration No. 11153067 (England and Wales)
Robart House Developments Limited Unaudited accounts for the period from 1 November 2022 to 31 March 2023
Robart House Developments Limited Unaudited accounts Contents
Page
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Robart House Developments Limited Company Information for the period from 1 November 2022 to 31 March 2023
Director
Mr J Sofer
Company Number
11153067 (England and Wales)
Registered Office
C/O Marson Property Ltd 15-16 Margaret Street London W1W 8RW
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Robart House Developments Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investments
- 
100 
Current assets
Inventories
- 
507,480 
Debtors
518,882 
2,153,939 
Cash at bank and in hand
2,509,106 
520,959 
3,027,988 
3,182,378 
Creditors: amounts falling due within one year
(1,378,058)
(2,988,095)
Net current assets
1,649,930 
194,283 
Net assets
1,649,930 
194,383 
Capital and reserves
Called up share capital
4 
4 
Profit and loss account
1,649,926 
194,379 
Shareholders' funds
1,649,930 
194,383 
For the period ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 October 2023 and were signed on its behalf by
Mr J Sofer Director Company Registration No. 11153067
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Robart House Developments Limited Notes to the Accounts for the period from 1 November 2022 to 31 March 2023
1
Statutory information
Robart House Developments Limited is a private company, limited by shares, registered in England and Wales, registration number 11153067. The registered office is C/O Marson Property Ltd, 15-16 Margaret Street, London, W1W 8RW.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the period from 1 November 2022 to 31 March 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 June 2022
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Judgements and key sources of estimation uncertainty
In the application of the Company's accounting policies, the directors are required to make judgments, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. The Directors do not consider there are any critical judgments or sources of estimation uncertainty requiring disclosure beyond the accounting policies listed below.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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Robart House Developments Limited Notes to the Accounts for the period from 1 November 2022 to 31 March 2023
4
Investments
Subsidiary undertakings 
£ 
Valuation at 1 November 2022
100 
Disposals
(100)
Valuation at 31 March 2023
- 
nvestments at 31 March 2023 relates to the following investments in shares. Subsidiary undertaking: Robart House Estates Ltd - incorporated in England and Wales.
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
24,473 
4,112 
Other debtors
494,409 
2,149,827 
518,882 
2,153,939 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
- 
600,000 
Trade creditors
61,751 
58,577 
Taxes and social security
11,708 
11,272 
Other creditors
1,304,599 
2,318,246 
1,378,058 
2,988,095 
Other creditors include amounts aggregating £448 (2022: £448) due to the director and companies which have a director in common with the company, and an amount aggregating £756,723 (2022: £1,631,005) due to the ultimate majority shareholder and company connected to this person.
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
4 Ordinary shares of £1 each
4 
4 
8
Controlling party
The company was controlled throughout the period by Silveredge DC Ltd, a company registered in England and Wales.
9
Average number of employees
During the period the average number of employees was 0 (2022: 0).
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