Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-3119845742200140122023-04-01falseNo description of principal activity22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11926325 2023-04-01 2024-03-31 11926325 2022-04-01 2023-03-31 11926325 2024-03-31 11926325 2023-03-31 11926325 2022-04-01 11926325 1 2022-04-01 2023-03-31 11926325 3 2023-04-01 2024-03-31 11926325 3 2022-04-01 2023-03-31 11926325 d:Director1 2023-04-01 2024-03-31 11926325 e:FreeholdInvestmentProperty 2023-04-01 2024-03-31 11926325 e:FreeholdInvestmentProperty 2024-03-31 11926325 e:FreeholdInvestmentProperty 2023-03-31 11926325 e:LeaseholdInvestmentProperty 2023-04-01 2024-03-31 11926325 e:LeaseholdInvestmentProperty 2024-03-31 11926325 e:LeaseholdInvestmentProperty 2023-03-31 11926325 e:CurrentFinancialInstruments 2024-03-31 11926325 e:CurrentFinancialInstruments 2023-03-31 11926325 e:Non-currentFinancialInstruments 2024-03-31 11926325 e:Non-currentFinancialInstruments 2023-03-31 11926325 e:CurrentFinancialInstruments e:WithinOneYear 2024-03-31 11926325 e:CurrentFinancialInstruments e:WithinOneYear 2023-03-31 11926325 e:Non-currentFinancialInstruments e:AfterOneYear 2024-03-31 11926325 e:Non-currentFinancialInstruments e:AfterOneYear 2023-03-31 11926325 e:Non-currentFinancialInstruments e:BetweenOneTwoYears 2024-03-31 11926325 e:Non-currentFinancialInstruments e:BetweenOneTwoYears 2023-03-31 11926325 e:Non-currentFinancialInstruments e:BetweenTwoFiveYears 2024-03-31 11926325 e:Non-currentFinancialInstruments e:BetweenTwoFiveYears 2023-03-31 11926325 e:Non-currentFinancialInstruments e:MoreThanFiveYears 2024-03-31 11926325 e:Non-currentFinancialInstruments e:MoreThanFiveYears 2023-03-31 11926325 e:ShareCapital 2023-04-01 2024-03-31 11926325 e:ShareCapital 2024-03-31 11926325 e:ShareCapital 2022-04-01 2023-03-31 11926325 e:ShareCapital 2023-03-31 11926325 e:ShareCapital 2022-04-01 11926325 e:SharePremium 2023-04-01 2024-03-31 11926325 e:SharePremium 2024-03-31 11926325 e:SharePremium 3 2023-04-01 2024-03-31 11926325 e:SharePremium 2022-04-01 2023-03-31 11926325 e:SharePremium 2023-03-31 11926325 e:SharePremium 2022-04-01 11926325 e:SharePremium 1 2022-04-01 2023-03-31 11926325 e:SharePremium 3 2022-04-01 2023-03-31 11926325 e:InvestmentPropertiesRevaluationReserve 2023-04-01 2024-03-31 11926325 e:InvestmentPropertiesRevaluationReserve 2024-03-31 11926325 e:InvestmentPropertiesRevaluationReserve 3 2023-04-01 2024-03-31 11926325 e:InvestmentPropertiesRevaluationReserve 2022-04-01 2023-03-31 11926325 e:InvestmentPropertiesRevaluationReserve 2023-03-31 11926325 e:InvestmentPropertiesRevaluationReserve 2022-04-01 11926325 e:InvestmentPropertiesRevaluationReserve 1 2022-04-01 2023-03-31 11926325 e:InvestmentPropertiesRevaluationReserve 3 2022-04-01 2023-03-31 11926325 e:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 11926325 e:RetainedEarningsAccumulatedLosses 2024-03-31 11926325 e:RetainedEarningsAccumulatedLosses 3 2023-04-01 2024-03-31 11926325 e:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 11926325 e:RetainedEarningsAccumulatedLosses 2023-03-31 11926325 e:RetainedEarningsAccumulatedLosses 2022-04-01 11926325 e:RetainedEarningsAccumulatedLosses 1 2022-04-01 2023-03-31 11926325 e:RetainedEarningsAccumulatedLosses 3 2022-04-01 2023-03-31 11926325 e:OtherDeferredTax 2024-03-31 11926325 e:OtherDeferredTax 2023-03-31 11926325 d:FRS102 2023-04-01 2024-03-31 11926325 d:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 11926325 d:FullAccounts 2023-04-01 2024-03-31 11926325 d:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11926325 2 2023-04-01 2024-03-31 11926325 e:ShareCapital 3 2023-04-01 2024-03-31 11926325 e:ShareCapital 1 2022-04-01 2023-03-31 11926325 e:ShareCapital 3 2022-04-01 2023-03-31 11926325 f:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 11926325









THE ROBIN ROARS LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MARCH 2024

 
THE ROBIN ROARS LTD
REGISTERED NUMBER: 11926325

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
9,922,871
10,007,006

  
9,922,871
10,007,006

Current assets
  

Debtors: amounts falling due within one year
 5 
260,801
54,231

Cash at bank and in hand
 6 
92,460
31,208

  
353,261
85,439

Creditors: amounts falling due within one year
 7 
(87,898)
(121,129)

Net current assets/(liabilities)
  
 
 
265,363
 
 
(35,690)

Total assets less current liabilities
  
10,188,234
9,971,316

Creditors: amounts falling due after more than one year
 8 
(5,886,859)
(5,666,738)

Provisions for liabilities
  

Deferred tax
  
(38,372)
(36,509)

  
 
 
(38,372)
 
 
(36,509)

Net assets
  
4,263,003
4,268,069


Capital and reserves
  

Called up share capital 
  
100
100

Share premium account
 11 
4,073,469
4,073,469

Investment property reserve
 11 
190,277
192,140

Profit and loss account
 11 
(843)
2,360

  
4,263,003
4,268,069


Page 1

 
THE ROBIN ROARS LTD
REGISTERED NUMBER: 11926325
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

The directors consider 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 period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the income statement in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 23 December 2024.




................................................
J. Fossey Taylor
Director

The notes on pages 5 to 11 form part of these financial statements.

Page 2

 
THE ROBIN ROARS LTD
 

STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 MARCH 2024


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

£
£
£
£
£

At 1 April 2023
100
4,073,469
192,140
2,360
4,268,069


Comprehensive income for the period

Loss for the period

-
-
-
(3,203)
(3,203)

Deferred tax relating to revaluation of fixed asset investments
-
-
(1,863)
-
(1,863)


Other comprehensive income for the period
-
-
(1,863)
-
(1,863)


Total comprehensive income for the period
-
-
(1,863)
(3,203)
(5,066)


Total transactions with owners
-
-
-
-
-


At 31 March 2024
100
4,073,469
190,277
(843)
4,263,003


The notes on pages 5 to 11 form part of these financial statements.

Page 3

 
THE ROBIN ROARS LTD
 

STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 MARCH 2023


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

£
£
£
£
£

At 1 April 2022
100
4,073,469
-
73,012
4,146,581


Comprehensive income for the year

Loss for the year

-
-
-
(38,652)
(38,652)

Other movement type 1
-
-
228,649
-
228,649

Other movement type 3
-
-
(36,509)
-
(36,509)


Other comprehensive income for the year
-
-
192,140
-
192,140


Total comprehensive income for the year
-
-
192,140
(38,652)
153,488


Contributions by and distributions to owners

Dividends: Equity capital
-
-
-
(32,000)
(32,000)


Total transactions with owners
-
-
-
(32,000)
(32,000)


At 31 March 2023
100
4,073,469
192,140
2,360
4,268,069


The notes on pages 5 to 11 form part of these financial statements.

Page 4

 
THE ROBIN ROARS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

1.


General information

The legal form of the entity is a private company limited by shares registered in England and Wales and the registered address is situated at Unit 3 Bradburys Court, Lyon Road, Harrow, Middlesex, HA1 2BY.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 5

 
THE ROBIN ROARS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

 
2.6

Current and deferred taxation

The tax expense for the period 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 reporting 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 reporting 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 reporting date.


 
2.7

Investment property

Investment property is carried at fair value determined annually by external valuers and 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 profit or loss.

 
2.8

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.

Page 6

 
THE ROBIN ROARS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.9

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.

 
2.10

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.

 
2.11

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Deferred tax liabilities are also presented within provisions but are measured in accordance with the accounting policy on taxation.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.12

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.


3.


Employees




The average monthly number of employees, including directors, during the period was 2 (2023 - 2).

Page 7

 
THE ROBIN ROARS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

4.


Investment property


Freehold investment property
Long term leasehold investment property
Total

£
£
£



Valuation


At 1 April 2023
4,498,977
5,508,029
10,007,006


Disposals
(84,135)
-
(84,135)



At 31 March 2024
4,414,842
5,508,029
9,922,871

The 2024 valuations were made by the director, on an open market value for existing use basis.



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

2024
2023
£
£


Historic cost
9,778,357
9,778,357

9,778,357
9,778,357

For the financial statements to give a true and fair view, if the investment properties had been accounted for under the historic cost accounting rule then they would not have been depreciated due to their very long useful life, high residual value and for the fact that the resulting amount of depreciation would be immaterial.


5.


Debtors

2024
2023
£
£


Other debtors
260,801
54,231

260,801
54,231


Page 8

 
THE ROBIN ROARS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
92,460
31,208

92,460
31,208



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,125
10,000

Trade creditors
2,490
7,918

Other creditors
66,127
96,559

Accruals and deferred income
9,156
6,652

87,898
121,129



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
5,886,859
5,334,388

Other loans
-
332,350

5,886,859
5,666,738


The following liabilities were secured:

2024
2023
£
£



Bank loans
5,865,305
5,302,677

Other loans
-
332,350

5,865,305
5,635,027

Details of security provided:

The bank and other loans are secured against specific investment properties by way of fixed charge.

Page 9

 
THE ROBIN ROARS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
10,125
10,000


10,125
10,000

Amounts falling due 1-2 years

Bank loans
10,125
10,000


10,125
10,000

Amounts falling due 2-5 years

Bank loans
11,430
21,710


11,430
21,710

Amounts falling due after more than 5 years

Bank loans
5,865,305
5,302,677

Other loans
-
332,350

5,865,305
5,635,027

5,896,985
5,676,737



10.


Deferred taxation




2024


£






At beginning of year
(36,509)


Charged to other comprehensive income
(1,863)



At end of year
(38,372)

Page 10

 
THE ROBIN ROARS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024
 
10.Deferred taxation (continued)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Revaluation of fixed asset investments
(38,372)
(36,509)

(38,372)
(36,509)


11.


Reserves

Share premium account

Share premium represents the excess amount received by the company over the nominal value of shares issued.  
The share premium account is created to record the additional capital generated by issuing shares at a premium. This amount is not distributable as dividends and can be used for specific purposes outlined by company law.
When shares are issued at a premium, the nominal value is credited to share capital, and the excess amount received is credited to the share premium account. This ensures a clear distinction between the nominal value and the premium received.

Investment property revaluation reserve

The Investment Property Revaluation Reserve represents the surplus arising from the revaluation of investment properties. The reserve is presented separately in the statement of changes in equity.
The Investment Property Revaluation Reserve is used to record the fair value adjustments made to investment properties. The revaluation surplus for the year is calculated as the difference between the fair value of the investment properties at the reporting date and their carrying amounts.
Transfers to retained earnings represent the portion of the revaluation surplus that has been realised through the disposal or impairment of investment properties during the year.
Deferred tax arising from the revaluation of investment properties is recognised in accordance with FRS 102. The deferred tax is calculated using the enacted or substantively enacted tax rates that are expected to apply when the temporary difference reverses.

Profit and loss account

Profit and loss reserves represents the company’s profits available for distribution in accordance with the Companies Act 2006 as its accumulated realised profits, so far as not previously utilised by distribution or capitalisation less its accumulated realised losses, so far as not previously written off in a reduction or capitalisation.

 
Page 11