J. Roberts (SPV) Limited 02431254 false 2023-06-01 2024-05-31 2024-05-31 The principal activity of the company is that of property investment. Digita Accounts Production Advanced 6.30.9574.0 true 02431254 2023-06-01 2024-05-31 02431254 2024-05-31 02431254 bus:OrdinaryShareClass1 2024-05-31 02431254 core:CurrentFinancialInstruments 2024-05-31 02431254 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 02431254 core:FurnitureFittingsToolsEquipment 2024-05-31 02431254 bus:SmallEntities 2023-06-01 2024-05-31 02431254 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 02431254 bus:FullAccounts 2023-06-01 2024-05-31 02431254 bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 02431254 bus:RegisteredOffice 2023-06-01 2024-05-31 02431254 bus:CompanySecretaryDirector1 2023-06-01 2024-05-31 02431254 bus:Director1 2023-06-01 2024-05-31 02431254 bus:OrdinaryShareClass1 2023-06-01 2024-05-31 02431254 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 02431254 bus:Agent1 2023-06-01 2024-05-31 02431254 core:FurnitureFittingsToolsEquipment 2023-06-01 2024-05-31 02431254 core:OfficeEquipment 2023-06-01 2024-05-31 02431254 countries:EnglandWales 2023-06-01 2024-05-31 02431254 2023-05-31 02431254 core:FurnitureFittingsToolsEquipment 2023-05-31 02431254 2022-06-01 2023-05-31 02431254 2023-05-31 02431254 bus:OrdinaryShareClass1 2023-05-31 02431254 core:CurrentFinancialInstruments 2023-05-31 02431254 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 02431254 core:CurrentFinancialInstruments core:WithinOneYear core:PreviouslyStatedAmount 2023-05-31 02431254 core:FurnitureFittingsToolsEquipment 2023-05-31 02431254 core:PreviouslyStatedAmount 2023-05-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 02431254

J. Roberts (SPV) Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 May 2024

 

J. Roberts (SPV) Limited

Contents

Company Information

1

Directors' Report

2

Accountants' Report

3

Balance Sheet

4

Notes to the Unaudited Financial Statements

5 to 9

 

J. Roberts (SPV) Limited

Company Information

Directors

Mrs Gillian Ann Bridges

Miss Ruth Helen Bridges

Company secretary

Miss Ruth Helen Bridges

Registered office

Rosemary Cottage
Coton Road
Marston
Sutton Coldfield
B76 0DN

Accountants

Pattinsons Business Services Ltd
8 The Courtyard
Goldsmith Way
Eliot Business Park
Nuneaton
CV10 7RJ

 

J. Roberts (SPV) Limited

Directors' Report for the Year Ended 31 May 2024

The directors present their report and the financial statements for the year ended 31 May 2024.

Directors of the company

The directors who held office during the year were as follows:

Mrs Gillian Ann Bridges

Miss Ruth Helen Bridges - Company secretary and director

Principal activity

The principal activity of the company is that of property investment.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved by the Board on 12 February 2025 and signed on its behalf by:

.........................................
Miss Ruth Helen Bridges
Company secretary and director

 

Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
J. Roberts (SPV) Limited
for the Year Ended 31 May 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of J. Roberts (SPV) Limited for the year ended 31 May 2024 as set out on pages 4 to 9 from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of J. Roberts (SPV) Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of J. Roberts (SPV) Limited and state those matters that we have agreed to state to the Board of Directors of J. Roberts (SPV) Limited, as a body. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than J. Roberts (SPV) Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that J. Roberts (SPV) Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of J. Roberts (SPV) Limited. You consider that J. Roberts (SPV) 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 accounts of J. Roberts (SPV) 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 accounts.

......................................

Pattinsons Business Services Ltd
8 The Courtyard
Goldsmith Way
Eliot Business Park
Nuneaton
CV10 7RJ

12 February 2025

 

J. Roberts (SPV) Limited

(Registration number: 02431254)
Balance Sheet as at 31 May 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

11,549

24,215

Investment property

6

4,408,811

4,045,410

 

4,420,360

4,069,625

Current assets

 

Debtors

7

137,429

94,887

Cash at bank and in hand

 

85,064

392,627

 

222,493

487,514

Creditors: Amounts falling due within one year

8

(350,371)

(296,055)

Net current (liabilities)/assets

 

(127,878)

191,459

Total assets less current liabilities

 

4,292,482

4,261,084

Provisions for liabilities

(114,926)

(117,074)

Net assets

 

4,177,556

4,144,010

Capital and reserves

 

Called up share capital

9

175,000

175,000

Retained earnings

4,002,556

3,969,010

Shareholders' funds

 

4,177,556

4,144,010

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

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 12 February 2025 and signed on its behalf by:
 

.........................................
Miss Ruth Helen Bridges
Company secretary and director

 

J. Roberts (SPV) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Rosemary Cottage
Coton Road
Marston
Sutton Coldfield
B76 0DN
England

These financial statements were authorised for issue by the Board on 12 February 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

J. Roberts (SPV) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture, fittings and equipment

25% straight line

Office Equipment

25% straight line

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

J. Roberts (SPV) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks, other third parties and loans to related parties.

3

Staff numbers

The average number of persons employed by the company during the year, was 2 (2023 - 2).

4

Profit before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

15,540

22,616

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 June 2023

537,516

537,516

Additions

2,875

2,875

At 31 May 2024

540,391

540,391

Depreciation

At 1 June 2023

513,301

513,301

Charge for the year

15,541

15,541

At 31 May 2024

528,842

528,842

Carrying amount

At 31 May 2024

11,549

11,549

At 31 May 2023

24,215

24,215

 

J. Roberts (SPV) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

6

Investment properties

2024
£

At 1 June 2023

4,045,410

Additions

363,401

At 31 May 2024

4,408,811

There has been no valuation of investment property during the year. The last valuation was in 2022 by Sean E Shiels MRICS of Dunger & Company Chartered Surveyors, on an open market value for existing use basis.

7

Debtors

2024
£

2023
£

Trade debtors

108,016

86,415

Prepayments

6,997

3,847

Other debtors

22,416

4,625

137,429

94,887

8

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Trade creditors

 

151,512

110,861

Taxation and social security

 

12,537

38,511

Other creditors

 

186,322

146,683

 

350,371

296,055

9

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

175,000

175,000

175,000

175,000

       
 

J. Roberts (SPV) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

10

Reserves

2024
 £

2023
 £

Distributable reserves

 

2,669,624

2,635,086

Non-distributable reserves

 

1,332,932

1,333,924

Total

 

4,002,556

3,969,010

11

Related party transactions


Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' not to disclose related party transactions with wholly owned entities within the group.