Caseware UK (AP4) 2023.0.135 2023.0.135 false2023-03-01financial services compliance consultancy11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 05348512 2023-03-01 2024-02-29 05348512 2022-03-01 2023-02-28 05348512 2024-02-29 05348512 2023-02-28 05348512 2022-03-01 05348512 c:Director1 2023-03-01 2024-02-29 05348512 d:OfficeEquipment 2023-03-01 2024-02-29 05348512 d:OfficeEquipment 2024-02-29 05348512 d:OfficeEquipment 2023-02-28 05348512 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 05348512 d:FreeholdInvestmentProperty 2024-02-29 05348512 d:FreeholdInvestmentProperty 2023-02-28 05348512 d:CurrentFinancialInstruments 2024-02-29 05348512 d:CurrentFinancialInstruments 2023-02-28 05348512 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 05348512 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 05348512 d:ShareCapital 2024-02-29 05348512 d:ShareCapital 2023-02-28 05348512 d:ShareCapital 2022-03-01 05348512 d:RevaluationReserve 2024-02-29 05348512 d:RevaluationReserve 2022-03-01 2023-02-28 05348512 d:RevaluationReserve 2023-02-28 05348512 d:RevaluationReserve 2022-03-01 05348512 d:RetainedEarningsAccumulatedLosses 2023-03-01 2024-02-29 05348512 d:RetainedEarningsAccumulatedLosses 2024-02-29 05348512 d:RetainedEarningsAccumulatedLosses 2022-03-01 2023-02-28 05348512 d:RetainedEarningsAccumulatedLosses 2023-02-28 05348512 d:RetainedEarningsAccumulatedLosses 2022-03-01 05348512 c:FRS102 2023-03-01 2024-02-29 05348512 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 05348512 c:FullAccounts 2023-03-01 2024-02-29 05348512 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 05348512 d:AcceleratedTaxDepreciationDeferredTax 2024-02-29 05348512 d:AcceleratedTaxDepreciationDeferredTax 2023-02-28 05348512 d:OtherDeferredTax 2024-02-29 05348512 d:OtherDeferredTax 2023-02-28 05348512 e:PoundSterling 2023-03-01 2024-02-29 iso4217:GBP xbrli:pure
Registered number: 05348512





 
Georgina Robbins Associates Limited          
 
Financial statements          

For the year ended 29 February 2024          

 
Georgina Robbins Associates Limited
Registered number:05348512

Balance sheet
As at 29 February 2024


2024 

2023 
                                                                                    Note
£
£
£
£

Fixed assets
  

Tangible assets
 4 
6,259
7,070

Investment property
 5 
590,000
590,000

  
596,259
597,070

Current assets
  

Debtors
 6 
13,037
5,464

Cash at bank and in hand
  
113,688
116,575

  
126,725
122,039

Creditors: amounts falling due within one year
 7 
(24,080)
(11,968)

Net current assets
  
 
 
102,645
 
 
110,071

Total assets less current liabilities
  
698,904
707,141

Provisions for liabilities
  

Deferred tax
 8 
(16,728)
(16,505)

Net assets
  
682,176
690,636


Capital and reserves
  

Called up share capital 
  
100
100

Investment property revaluation reserve
  
86,058
86,058

Profit and loss account
  
596,018
604,478

  
682,176
690,636


The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

 

Page 1

 
Georgina Robbins Associates Limited
Registered number:05348512
    
Balance sheet (continued)
As at 29 February 2024

The financial statements were approved and authorised for issue by the board; and were signed on its behalf on 30 September 2024.







S G Robbins
Director






















The notes on pages 4 to 10 form part of these financial statements.
Page 2

 
Georgina Robbins Associates Limited
 

Statement of changes in equity
For the year ended 29 February 2024


Called up share capital
Investment property revaluation reserve
Profit and loss account
Total equity

£
£
£
£


At 1 March 2022
100
36,221
682,959
719,280



Profit for the year
-
-
26,356
26,356

Dividends paid
-
-
(55,000)
(55,000)

Transfer between reserves
-
49,837
(49,837)
-



At 1 March 2023
100
86,058
604,478
690,636



Profit for the year
-
-
42,790
42,790

Dividends paid
-
-
(51,250)
(51,250)


At 29 February 2024
100
86,058
596,018
682,176


















The notes on pages 4 to 10 form part of these financial statements.
Page 3

 
Georgina Robbins Associates Limited
 
 
Notes to the financial statements
For the year ended 29 February 2024

1.


General information

Georgina Robbins Associates Limited is a private company limited by shares, incorporated in England and Wales. Its registered office is Construction House, Runwell Road, Wickford, Essex, SS11 7HQ. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland and the Companies Act 2006.

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided at the following rate:

Furniture, fittings and equipment
-
15%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
Georgina Robbins Associates Limited
 
 
Notes to the financial statements
For the year ended 29 February 2024

2.Accounting policies (continued)

 
2.4

Investment property

Investment property is carried at fair value as determined annually by the director, having regard to professional advice taken personally, and is derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the profit and loss account.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's Balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.
 

Page 5

 
Georgina Robbins Associates Limited
 
 
Notes to the financial statements
For the year ended 29 February 2024

2.Accounting policies (continued)


2.7
Financial instruments (continued)

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 6

 
Georgina Robbins Associates Limited
 
 
Notes to the financial statements
For the year ended 29 February 2024

2.Accounting policies (continued)

 
2.10

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the company in independently administered funds.

 
2.11

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 7

 
Georgina Robbins Associates Limited
 
 
Notes to the financial statements
For the year ended 29 February 2024

4.


Tangible fixed assets







Office equipment

£



Cost 


At 1 March 2023
20,052


Additions
266



At 29 February 2024

20,318



Depreciation


At 1 March 2023
12,982


Charge for the year 
1,077



At 29 February 2024

14,059



Net book value



At 29 February 2024
6,259



At 28 February 2023
7,070

Page 8

 
Georgina Robbins Associates Limited
 
 
Notes to the financial statements
For the year ended 29 February 2024

5.


Investment property





Freehold investment property

£



Valuation


At 1 March 2023
590,000



At 29 February 2024
590,000

The 2024 valuation was made by the director, having regard to professional advice taken personally, on an open market value for existing use basis.



If the investment property had been accounted for under the historic cost accounting rules, the property would have been measured as follows:

2024
2023
£
£


Historic cost
488,780
488,780

Accumulated depreciation and impairments
-
-

488,780
488,780



6.


Debtors

2024
2023
£
£


Trade debtors
-
12

Other debtors
11,823
3,960

Prepayments and accrued income
1,214
1,492

13,037
5,464


Included within other debtors due within one year is a loan to S G Robbins, the sole director, amounting to £11,823 (2023 - £2,675). The maximum amount outstanding during the year was £58,073 (2023 - £57,675). The loan was subject to interest at the official rate of interest.



Page 9

 
Georgina Robbins Associates Limited
 
 
Notes to the financial statements
For the year ended 29 February 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Payments received on account
4,140
-

Trade creditors
-
9,000

Corporation tax
1,853
-

Other taxation and social security
1,872
-

Accruals and deferred income
16,215
2,968

24,080
11,968



8.


Deferred taxation






2024
2023


£

£






At beginning of year
16,505
1,132


Charged for the year
223
15,373



At end of year
16,728
16,505

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
1,565
1,342

Unrealised gain on revalued investment property
15,163
15,163

16,728
16,505




9.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £50,000 (2023 - £40,000) . 

 
Page 10