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REGISTERED NUMBER: 12014588 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

ROBERTS BROTHERS (CORNWALL) LIMITED

ROBERTS BROTHERS (CORNWALL) LIMITED (REGISTERED NUMBER: 12014588)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ROBERTS BROTHERS (CORNWALL) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: W J S Roberts
R T Roberts
Mrs A C Roberts
B J Roberts
D R Roberts





REGISTERED OFFICE: Trevithick Manor Farm
Lane
Newquay
Cornwall
TR8 4QD





REGISTERED NUMBER: 12014588 (England and Wales)





ACCOUNTANTS: Whitakers
Chartered Accountants
Bryndon House
5/7 Berry Road
Newquay
Cornwall
TR7 1AD

ROBERTS BROTHERS (CORNWALL) LIMITED (REGISTERED NUMBER: 12014588)

BALANCE SHEET
31 MAY 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 3,900,000 3,535,149

CURRENT ASSETS
Debtors 5 117,014 174,310
Cash at bank 412,025 424,034
529,039 598,344
CREDITORS
Amounts falling due within one year 6 3,782,226 3,894,945
NET CURRENT LIABILITIES (3,253,187 ) (3,296,601 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

646,813

238,548

PROVISIONS FOR LIABILITIES 91,212 -
NET ASSETS 555,601 238,548

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 555,501 238,448
SHAREHOLDERS' FUNDS 555,601 238,548

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each 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.

ROBERTS BROTHERS (CORNWALL) LIMITED (REGISTERED NUMBER: 12014588)

BALANCE SHEET - continued
31 MAY 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 February 2025 and were signed on its behalf by:




Mrs A C Roberts - Director R T Roberts - Director




W J S Roberts - Director


ROBERTS BROTHERS (CORNWALL) LIMITED (REGISTERED NUMBER: 12014588)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Roberts Brothers (Cornwall) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

ROBERTS BROTHERS (CORNWALL) LIMITED (REGISTERED NUMBER: 12014588)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

4. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 June 2023 3,535,149
Revaluations 364,851
At 31 May 2024 3,900,000
NET BOOK VALUE
At 31 May 2024 3,900,000
At 31 May 2023 3,535,149

Cost or valuation at 31 May 2024 is represented by:
£   
Valuation in 2024 364,851
Cost 3,535,149
3,900,000

If the investment properties had not been revalued they would have been included at the following historical cost:

31.5.24 31.5.23
£    £   
Cost 3,535,149 3,535,149

Investment property was valued on an open market value basis on 31 May 2024 by Will Roberts a director of the company .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Other debtors 93,730 148,791
Prepayments and accrued income 23,284 25,519
117,014 174,310

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Tax 10,550 15,338
Social security and other taxes 9,104 1,596
Other creditors 65,844 65,844
Directors' current accounts 3,678,181 3,801,846
Deferred income 17,237 9,071
Accrued expenses 1,310 1,250
3,782,226 3,894,945

ROBERTS BROTHERS (CORNWALL) LIMITED (REGISTERED NUMBER: 12014588)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

7. RELATED PARTY DISCLOSURES

A loan exists between the Company and Talkmanor Limited, a company owned by the immediate family of the directors. As at 31st May 2024, the balance owing to the company was £65,844 (2023: £65,844). The loan is payable on demand and no interest has been charged.

The company is owned by it's directors who own 100% of the share capital.