Company registration number 01221601 (England and Wales)
ROBSONS OF WOLSINGHAM LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024
PAGES FOR FILING WITH REGISTRAR
ROBSONS OF WOLSINGHAM LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
ROBSONS OF WOLSINGHAM LIMITED
BALANCE SHEET
AS AT
31 MAY 2024
31 May 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investments
4
757,163
773,580
Current assets
Debtors
5
37
-
0
Creditors: amounts falling due within one year
6
(880)
(1,393)
Net current liabilities
(843)
(1,393)
Net assets
756,320
772,187
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss reserves
755,320
771,187
Total equity
756,320
772,187

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

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.

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

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

The financial statements were approved by the board of directors and authorised for issue on 11 February 2025 and are signed on its behalf by:
A M Robson
Director
Company registration number 01221601 (England and Wales)
ROBSONS OF WOLSINGHAM LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024
- 2 -
1
Accounting policies
Company information

Robsons of Wolsingham Limited is a private company limited by shares incorporated in England and Wales. The registered office is Durham Road, Wolsingham, Co Durham.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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.

1.2
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

1.3
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.4
Short term debtors and creditors

Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

1.5
Loans and borrowings

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax balances are recognised in respect of timing differences that have originated but not reversed by the balance sheet date.

ROBSONS OF WOLSINGHAM LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024
- 3 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

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

2024
2023
Number
Number
Total
-
0
-
0
4
Fixed asset investments
2024
2023
£
£
Other investments other than loans
757,163
773,580
Movements in fixed asset investments
Investments
£
Cost or valuation
At 1 June 2023
773,580
Valuation changes
(16,417)
At 31 May 2024
757,163
Carrying amount
At 31 May 2024
757,163
At 31 May 2023
773,580
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Corporation tax recoverable
37
-
0
ROBSONS OF WOLSINGHAM LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024
- 4 -
6
Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
-
0
513
Other creditors
880
880
880
1,393
2024-05-312023-06-01falsefalsefalse11 February 2025CCH SoftwareCCH Accounts Production 2024.300No description of principal activityJ RobsonA M RobsonA M Robson012216012023-06-012024-05-31012216012024-05-31012216012023-05-3101221601core:CurrentFinancialInstrumentscore:WithinOneYear2024-05-3101221601core:CurrentFinancialInstrumentscore:WithinOneYear2023-05-3101221601core:CurrentFinancialInstruments2024-05-3101221601core:CurrentFinancialInstruments2023-05-3101221601core:ShareCapital2024-05-3101221601core:ShareCapital2023-05-3101221601core:RetainedEarningsAccumulatedLosses2024-05-3101221601core:RetainedEarningsAccumulatedLosses2023-05-3101221601bus:CompanySecretaryDirector12023-06-012024-05-31012216012022-06-012023-05-3101221601bus:PrivateLimitedCompanyLtd2023-06-012024-05-3101221601bus:SmallCompaniesRegimeForAccounts2023-06-012024-05-3101221601bus:FRS1022023-06-012024-05-3101221601bus:AuditExemptWithAccountantsReport2023-06-012024-05-3101221601bus:Director12023-06-012024-05-3101221601bus:Director22023-06-012024-05-3101221601bus:CompanySecretary12023-06-012024-05-3101221601bus:FullAccounts2023-06-012024-05-31xbrli:purexbrli:sharesiso4217:GBP