BrightAccountsProduction v1.0.0 v1.0.0 2023-04-01 The company was not dormant during the period The company was trading for the entire period The principal activity of the company is that of an investment company letting property. 17 January 2025 0 0 NI640364 2024-03-31 NI640364 2023-03-31 NI640364 2022-03-31 NI640364 2023-04-01 2024-03-31 NI640364 2022-04-01 2023-03-31 NI640364 uk-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 NI640364 uk-curr:PoundSterling 2023-04-01 2024-03-31 NI640364 uk-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 NI640364 uk-bus:FullAccounts 2023-04-01 2024-03-31 NI640364 uk-bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 NI640364 uk-core:ShareCapital 2024-03-31 NI640364 uk-core:ShareCapital 2023-03-31 NI640364 uk-core:RevaluationReserve 2024-03-31 NI640364 uk-core:RevaluationReserve 2023-03-31 NI640364 uk-core:RetainedEarningsAccumulatedLosses 2024-03-31 NI640364 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 NI640364 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-03-31 NI640364 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-03-31 NI640364 uk-bus:FRS102 2023-04-01 2024-03-31 NI640364 uk-core:WithinOneYear 2024-03-31 NI640364 uk-core:WithinOneYear 2023-03-31 NI640364 uk-core:WithinOneYear 2024-03-31 NI640364 uk-core:WithinOneYear 2023-03-31 NI640364 uk-core:AfterOneYear 2024-03-31 NI640364 uk-core:AfterOneYear 2023-03-31 NI640364 uk-core:BetweenOneTwoYears 2024-03-31 NI640364 uk-core:BetweenOneTwoYears 2023-03-31 NI640364 uk-core:BetweenTwoFiveYears 2024-03-31 NI640364 uk-core:BetweenTwoFiveYears 2023-03-31 NI640364 uk-core:EmployeeBenefits 2023-03-31 NI640364 uk-core:EmployeeBenefits 2023-04-01 2024-03-31 NI640364 uk-core:AcceleratedTaxDepreciationDeferredTax 2024-03-31 NI640364 uk-core:TaxLossesCarry-forwardsDeferredTax 2024-03-31 NI640364 uk-core:OtherDeferredTax 2024-03-31 NI640364 uk-core:RevaluationPropertyPlantEquipmentDeferredTax 2024-03-31 NI640364 uk-core:EmployeeBenefits 2024-03-31 NI640364 2023-04-01 2024-03-31 NI640364 uk-bus:Director1 2023-04-01 2024-03-31 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
B. Robinson Investments Limited
 
Unaudited Financial Statements
 
for the financial year ended 31 March 2024



B. Robinson Investments Limited

CHARTERED ACCOUNTANTS REPORT
to the Board of Directors on the Compilation of the unaudited financial statements of B. Robinson Investments Limited
for the financial year ended 31 March 2024
 
In accordance with the engagement letter and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled for your approval the financial statements of the company for the financial year ended 31 March 2024 as set out on pages  to 10 which comprise , the Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given to us.
 
This report is made solely to the Board of Directors of B. Robinson Investments Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the company’s Board of Directors that we have done so, and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and its Board of Directors, as a body, for our work or for this report.
 
We have carried out this engagement in accordance with guidance issued by Chartered Accountants Ireland and have complied with the relevant ethical guidance laid down by Chartered Accountants Ireland relating to members undertaking the compilation of financial statements.
 
You have acknowledged on the Statement of Financial Position for the year ended 31 March 2024 your duty to ensure that B. Robinson Investments 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 B. Robinson Investments Limited. You consider that B. Robinson Investments Limited is exempt from the statutory audit requirement for the financial year.
 
We have not been instructed to carry out an audit or a review of the financial statements of B. Robinson Investments Limited. For this reason, we have not verified the adequacy, 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.
 
 
 
QUARTER
Chartered Accountants
St Anne's House
15 Church Street
Cathedral Quarter
Belfast
BT1 1PG
 
17 January 2025



B. Robinson Investments Limited
Company Registration Number: NI640364
STATEMENT OF FINANCIAL POSITION
as at 31 March 2024

2024 2023
Notes £ £
 
Non-Current Assets
Property, plant and equipment 3 925,000 925,000
───────── ─────────
 
Current Assets
Cash and cash equivalents 1,959 1,172
Payables: amounts falling due within one year 4 (403,831) (385,187)
───────── ─────────
Net Current Liabilities (401,872) (384,015)
───────── ─────────
Total Assets less Current Liabilities 523,128 540,985
 
Payables:
amounts falling due after more than one year 5 (261,828) (288,673)
 
Provisions for liabilities 7 (28,566) (35,267)
───────── ─────────
Net Assets 232,734 217,045
═════════ ═════════
 
Equity
Called up share capital 2 2
Revaluation reserve 157,050 150,349
Retained earnings 75,682 66,694
───────── ─────────
Equity attributable to owners of the company 232,734 217,045
═════════ ═════════
 
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 taken advantage of the exemption under section 444 not to file the Income Statement and Directors' Report.
           
For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Board and authorised for issue on 17 January 2025 and signed on its behalf by
           
           
________________________________          
Bernadette Rooney          
Director          
           



B. Robinson Investments Limited
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 March 2024

   
1. General Information
 
B. Robinson Investments Limited is a company limited by shares incorporated in 3 Dorchester Park, Belfast, BT9 6RH, is the registered office, which is also the principal place of business of the company. The principal activity of the company is that of an investment company letting property. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 31 March 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Investment properties
Investment property is property held either to earn rental income, or for capital appreciation (including future re-development) or for both, but not for sale in the ordinary course of business. Investment property is initially measured at cost, which includes the purchase cost and any directly attributable expenditure. Investment property is subsequently valued at its fair value at each reporting date. The difference between the fair value of an investment property at the reporting date and its carrying value prior to the valuation is recognised in the Income Statement as a fair value gain or loss. Any gain or loss on disposal of an investment property (calculated as the difference between the net proceeds from disposal and the carrying amount of the item) is recognised in the Income Statement.
 
Borrowing costs
Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
 
Provisions
Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
 
Trade and other payables
Trade and other payables are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Statement of Financial Position date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Statement of Financial Position date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Income Statement.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Property, plant and equipment
  Investment Total
  properties  
     
  £ £
Cost
At 1 April 2023 925,000 925,000
  ───────── ─────────
 
At 31 March 2024 925,000 925,000
  ───────── ─────────
Depreciation
At 1 April 2023 - -
  ───────── ─────────
At 31 March 2024 - -
  ───────── ─────────
Carrying amount
At 31 March 2024 925,000 925,000
  ═════════ ═════════
At 31 March 2023 925,000 925,000
  ═════════ ═════════
       
4. Payables 2024 2023
Amounts falling due within one year £ £
 
Bank loan 49,568 43,645
Payments received on account 1,609 1,196
Trade payables 1,650 -
Amounts owed to connected parties (Note 9) 347,576 335,076
Taxation  (Note 6) 2,108 3,950
Accruals 1,320 1,320
  ───────── ─────────
  403,831 385,187
  ═════════ ═════════
       
5. Payables 2024 2023
Amounts falling due after more than one year £ £
 
Bank loan 261,828 288,673
  ═════════ ═════════
 
Loans
Repayable in one year or less, or on demand (Note 4) 49,568 43,645
Repayable between one and two years 49,568 43,645
Repayable between two and five years 212,260 245,028
  ───────── ─────────
  311,396 332,318
  ═════════ ═════════
 
       
6. Taxation 2024 2023
  £ £
 
Payables:
Corporation tax 2,108 3,950
  ═════════ ═════════
         
7. Provisions for liabilities
 
The amounts provided for deferred taxation are analysed below:
 
  Property Total Total
  revaluations    
       
    2024 2023
  £ £ £
 
At financial year start 35,267 35,267 -
Charged to profit and loss (6,701) (6,701) 35,267
  ───────── ───────── ─────────
At financial year end 28,566 28,566 35,267
  ═════════ ═════════ ═════════
       
8. Capital commitments
 
The company had no material capital commitments other than mortgage repayments at the financial year-ended 31 March 2024.
           
9. Related party transactions
 
The following amounts are due to other connected parties:
      2024 2023
      £ £
 
B.Robinson Consulting Ltd     347,576 335,076
      ═════════ ═════════
 
Bernadette and Owen Rooney are Directors in both B.Robinson Consulting Limited and B.Robinson Investments Limited. At 1 April 2023, B.Robinson Investments Ltd owed £335,076 to B.Robinson Consulting Ltd. During the period net transactions between B.Robinson Investments Ltd and B.Robinson Consulting Ltd were £ 12,500, leaving a closing balance of £347,576 owed to B.Robinson Consulting Limited at 31 March 2024
   
10. Events After the End of the Reporting Period
 
There have been no significant events affecting the company since the financial year-end.
       
11. Changes in Equity
 
Other Comprehensive Income 2024 2023
  £ £
 
Revaluation reserve unrealised movement on revaluation of property - 185,616
  ═════════ ═════════