Silverfin false false 30/06/2024 01/07/2023 30/06/2024 M J Nemmoee Hicks 28/06/2023 R M Hicks 28/06/2023 Robert Michael Hicks 17 March 2025 The principal activity of the Company during the financial period was property management. 14967005 2024-06-30 14967005 bus:Director1 2024-06-30 14967005 bus:Director2 2024-06-30 14967005 core:CurrentFinancialInstruments 2024-06-30 14967005 core:ShareCapital 2024-06-30 14967005 core:RetainedEarningsAccumulatedLosses 2024-06-30 14967005 2023-06-30 14967005 bus:OrdinaryShareClass1 2024-06-30 14967005 bus:OrdinaryShareClass2 2024-06-30 14967005 bus:OrdinaryShareClass3 2024-06-30 14967005 bus:OrdinaryShareClass4 2024-06-30 14967005 2023-07-01 2024-06-30 14967005 bus:FilletedAccounts 2023-07-01 2024-06-30 14967005 bus:SmallEntities 2023-07-01 2024-06-30 14967005 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 14967005 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 14967005 bus:Director1 2023-07-01 2024-06-30 14967005 bus:Director2 2023-07-01 2024-06-30 14967005 bus:Director3 2023-07-01 2024-06-30 14967005 bus:OrdinaryShareClass1 2023-07-01 2024-06-30 14967005 bus:OrdinaryShareClass2 2023-07-01 2024-06-30 14967005 bus:OrdinaryShareClass3 2023-07-01 2024-06-30 14967005 bus:OrdinaryShareClass4 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 14967005 (England and Wales)

ROBMAR PROPERTY LTD

Unaudited Financial Statements
For the financial period ended 30 June 2024
Pages for filing with the registrar

ROBMAR PROPERTY LTD

Unaudited Financial Statements

For the financial period ended 30 June 2024

Contents

ROBMAR PROPERTY LTD

BALANCE SHEET

As at 30 June 2024
ROBMAR PROPERTY LTD

BALANCE SHEET (continued)

As at 30 June 2024
Note 2024
£
Fixed assets
Investment property 3 533,003
533,003
Current assets
Cash at bank and in hand 14,265
14,265
Creditors: amounts falling due within one year 4 ( 543,463)
Net current liabilities (529,198)
Total assets less current liabilities 3,805
Net assets 3,805
Capital and reserves
Called-up share capital 5 300
Profit and loss account 3,505
Total shareholders' funds 3,805

For the financial period ending 30 June 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of RobMar Property Ltd (registered number: 14967005) were approved and authorised for issue by the Board of Directors on 17 March 2025. They were signed on its behalf by:

Robert Michael Hicks
Director
ROBMAR PROPERTY LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial period ended 30 June 2024
ROBMAR PROPERTY LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial period ended 30 June 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

RobMar Property Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Nexus House, 2 Cray Road, Sidcup, DA14 5DA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Reporting period length

A company's first accounts covering the period from incorporation on 28 June 2023 to 30 June 2024.

Turnover

Rental income is recognised on an accrual basis. Rents receivable from tenants represents rents and service charges receivable in the period.

Where a rent-free period is included in a lease, the rental income foregone is allocated evenly over the period from the date of lease commencement to the earliest termination date.

Rental income from fixed and minimum guaranteed rent reviews is recognised on a straight-line basis over the shorter of the entire lease term or the period to the first break option. Where such rental income is recognised ahead of the related cash flow, an adjustment is made to ensure the carrying value of the related property including the accrued rent does not exceed the external valuation. Initial direct costs incurred in negotiating and arranging a new lease are amortised on a straight-line basis over the period from the date of lease commencement to the earliest termination date. one year.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

2024
Number
Monthly average number of persons employed by the Company during the period, including directors 2

3. Investment property

Investment property
£
Valuation
As at 01 July 2023 0
Additions 533,003
As at 30 June 2024 533,003

4. Creditors: amounts falling due within one year

2024
£
Taxation and social security 1,060
Other creditors 542,403
543,463

5. Called-up share capital

2024
£
Allotted, called-up and fully-paid
100 Ordinary A shares of £ 1.00 each 100
100 Ordinary B shares of £ 1.00 each 100
50 Ordinary C shares of £ 1.00 each 50
50 Ordinary D shares of £ 1.00 each 50
300

6. Related party transactions

Transactions with the entity's directors

2024
£
Amounts owed to director 540,003