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REGISTERED NUMBER: 03023872 (England and Wales)















STEEL ROBINSON ESTATES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2024






STEEL ROBINSON ESTATES LIMITED (REGISTERED NUMBER: 03023872)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024










Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


STEEL ROBINSON ESTATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 5 APRIL 2024







DIRECTOR: Mr. S.W. Robinson



REGISTERED OFFICE: 15-17 Church Street
Stourbridge
West Midlands
DY8 1LU



REGISTERED NUMBER: 03023872 (England and Wales)



ACCOUNTANTS: Folkes Worton LLP
15-17 Church Street
Stourbridge
West Midlands
DY8 1LU



BANKERS: Lloyds TSB Bank plc
PO Box 3
Queen Square
Wolverhampton
West Midlands
WV1 1TF



SOLICITORS: Baches Solicitors
Lombard House
Cronehills Linkway
West Bromwich
West Midlands
B70 7PL

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
STEEL ROBINSON ESTATES LIMITED


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Steel Robinson Estates Limited for the year ended 5 April 2024 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Steel Robinson Estates Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Steel Robinson Estates Limited and state those matters that we have agreed to state to the director of Steel Robinson Estates Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Steel Robinson Estates Limited and its director for our work or for this report.

It is your duty to ensure that Steel Robinson Estates 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 Steel Robinson Estates Limited. You consider that Steel Robinson Estates 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 Steel Robinson Estates 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.






Folkes Worton LLP
15-17 Church Street
Stourbridge
West Midlands
DY8 1LU


17 December 2024

STEEL ROBINSON ESTATES LIMITED (REGISTERED NUMBER: 03023872)

STATEMENT OF FINANCIAL POSITION
5 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 878 1,158
Investment property 5 3,929,525 3,929,525
3,930,403 3,930,683

CURRENT ASSETS
Debtors 6 423 430
Cash at bank 74,544 23,240
74,967 23,670
CREDITORS
Amounts falling due within one year 7 284,720 276,338
NET CURRENT LIABILITIES (209,753 ) (252,668 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,720,650

3,678,015

PROVISIONS FOR LIABILITIES 532,220 532,099
NET ASSETS 3,188,430 3,145,916

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Fair value reserve 8 1,977,610 1,977,610
Retained earnings 1,200,820 1,158,306
SHAREHOLDERS' FUNDS 3,188,430 3,145,916

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

STEEL ROBINSON ESTATES LIMITED (REGISTERED NUMBER: 03023872)

STATEMENT OF FINANCIAL POSITION - continued
5 APRIL 2024


The 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.

The financial statements were approved by the director and authorised for issue on 17 December 2024 and were signed by:





Mr. S.W. Robinson - Director


STEEL ROBINSON ESTATES LIMITED (REGISTERED NUMBER: 03023872)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024


1. STATUTORY INFORMATION

Steel Robinson Estates Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is recognised at the fair value of the consideration received or receivable for property rental services provided in the normal course of business.

Revenue from the supply of services is recognised when:
- the amount of the revenue can be measured reliably;
- it is probable that the economic benefits associated with the transaction will flow to the entity; and
- the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Investment property
Investment property is initially measured at cost. After initial recognition, investment property is shown at the most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

STEEL ROBINSON ESTATES LIMITED (REGISTERED NUMBER: 03023872)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2024


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 6 April 2023
and 5 April 2024 2,682 13,545 16,227
DEPRECIATION
At 6 April 2023 2,574 12,495 15,069
Charge for year 17 263 280
At 5 April 2024 2,591 12,758 15,349
NET BOOK VALUE
At 5 April 2024 91 787 878
At 5 April 2023 108 1,050 1,158

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 6 April 2023
and 5 April 2024 3,929,525
NET BOOK VALUE
At 5 April 2024 3,929,525
At 5 April 2023 3,929,525

Fair value at 5 April 2024 is represented by:
£   
Valuation in 2005 1,296,200
Valuation in 2017 1,216,392
Cost 1,416,933
3,929,525

STEEL ROBINSON ESTATES LIMITED (REGISTERED NUMBER: 03023872)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2024


5. INVESTMENT PROPERTY - continued

If investment property had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 1,416,933 1,416,933

Investment property was valued on an open market basis on 27 November 2017 by the directors .

The directors do not consider that the valuation of investment properties has changed considerably.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 423 430

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 10,411 40,239
Other creditors 274,309 236,099
284,720 276,338

8. RESERVES
Fair
value
reserve
£   
At 6 April 2023
and 5 April 2024 1,977,610