Company registration number 10188355 (England and Wales)
PROPERTY ROBINS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024
PAGES FOR FILING WITH REGISTRAR
PROPERTY ROBINS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
PROPERTY ROBINS LIMITED
BALANCE SHEET
AS AT 31 MAY 2024
31 May 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
2
99,350
96,691
Investment property
3
2,522,309
2,521,000
2,621,659
2,617,691
Current assets
Debtors
4
3,043
1,702
Cash at bank and in hand
4,691
16,239
7,734
17,941
Creditors: amounts falling due within one year
5
(219,846)
(235,262)
Net current liabilities
(212,112)
(217,321)
Total assets less current liabilities
2,409,547
2,400,370
Creditors: amounts falling due after more than one year
6
(1,623,958)
(1,626,718)
Provisions for liabilities
(194,668)
(193,759)
Net assets
590,921
579,893
Capital and reserves
Called up share capital
7
2
2
Revaluation reserve
28,344
28,344
Profit and loss reserves
562,575
551,547
Total equity
590,921
579,893

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 11 February 2025
Mr A Payg
Director
Company registration number 10188355 (England and Wales)
PROPERTY ROBINS LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2024
31 May 2024
- 2 -
1
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
1
1
2
Tangible fixed assets
Land and buildings
Plant and machinery
Total
£
£
£
Cost
At 1 June 2023
95,000
1,962
96,962
Additions
-
0
4,824
4,824
Disposals
-
0
(1,626)
(1,626)
At 31 May 2024
95,000
5,160
100,160
Depreciation and impairment
At 1 June 2023
-
0
271
271
Depreciation charged in the year
-
0
844
844
Eliminated in respect of disposals
-
0
(305)
(305)
At 31 May 2024
-
0
810
810
Carrying amount
At 31 May 2024
95,000
4,350
99,350
At 31 May 2023
95,000
1,691
96,691
3
Investment property
2024
£
Fair value
At 1 June 2023
2,521,000
Additions
1,309
At 31 May 2024
2,522,309

The fair value of the investment property has been arrived at on the basis of valuations carried out by the director of the company. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

PROPERTY ROBINS LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2024
31 May 2024
- 3 -
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
2,351
1,702
Other debtors
692
-
0
3,043
1,702
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
2,793
2,716
Trade creditors
2,531
1,044
Other creditors
214,522
231,502
219,846
235,262
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
1,623,958
1,626,718

Of the creditors falling due within and after more than one year bank loans of £1,620,582 (2023 £1,620,526) are secured by fixed charges over the investment properties of the company and have also been personally guaranteed by the director.

Creditors which fall due after five years are as follows:
2024
2023
£
£
Payable other than by instalments
1,620,582
1,620,526
7
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
2
2
2
2
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