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Registered number: 05911350
Robert Green Images Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2024
Finsbury Robinson Ltd
Top Floor
West Hill House
Dartford
Kent
DA1 2EU
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05911350
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 5 295,645 295,645
295,645 295,645
CURRENT ASSETS
Debtors 6 423,732 423,715
Investments 7 17,531 17,438
Cash at bank and in hand 26,564 1,702
467,827 442,855
Creditors: Amounts Falling Due Within One Year 8 (201,023 ) (236,638 )
NET CURRENT ASSETS (LIABILITIES) 266,804 206,217
TOTAL ASSETS LESS CURRENT LIABILITIES 562,449 501,862
NET ASSETS 562,449 501,862
CAPITAL AND RESERVES
Called up share capital 9 320 320
Profit and Loss Account 562,129 501,542
SHAREHOLDERS' FUNDS 562,449 501,862
Page 1
Page 2
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr R P Green
Director
13th February 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Robert Green Images Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 05911350 . The registered office is Top Floor, West Hill House, Dartford, Kent, DA1 2EU.
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 Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% on reducing balance
Computer Equipment 20% on reducing balance
2.4. Investment Properties
All investment properties are carried at fair value determined annually 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 for. Changes in fair value are recognised in the profit and loss account.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
Tax is recognised in the profit and loss account 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 Balance Sheet date.
Deferred Tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the Balance Sheet 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
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4. Tangible Assets
Computer Equipment
£
Cost
As at 1 September 2023 1,048
As at 31 August 2024 1,048
Depreciation
As at 1 September 2023 1,048
As at 31 August 2024 1,048
Net Book Value
As at 31 August 2024 -
As at 1 September 2023 -
5. Investment Property
2024
£
Fair Value
As at 1 September 2023 and 31 August 2024 295,645
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2024 2023
£ £
Cost 295,645 295,645
The investment property was valued (desktop property valuation) on an open market value by Castle Estate Agents and it has been confirmed it is held in the accounts at the appropriate value
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 135
Other debtors 423,732 423,580
423,732 423,715
7. Current Asset Investments
2024 2023
£ £
Unlisted investments 17,531 17,438
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Page 5
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 169,719 226,063
Taxation and social security 31,304 10,575
201,023 236,638
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 320 320
Page 5