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
Robart House Developments Limited
Company Information
for the period from 1 November 2022 to 31 March 2023
Company Number
11153067 (England and Wales)
Registered Office
C/O Marson Property Ltd
15-16 Margaret Street
London
W1W 8RW
Robart House Developments Limited
Statement of financial position
as at 31 March 2023
Cash at bank and in hand
2,509,106
520,959
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
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
Robart House Developments Limited
Notes to the Accounts
for the period from 1 November 2022 to 31 March 2023
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.
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
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 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.
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.
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
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.
Amounts falling due within one year
Other debtors
494,409
2,149,827
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
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.
Allotted, called up and fully paid:
4 Ordinary shares of £1 each
4
4
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).