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Registration number: 13733043

Robinson Investments Group Limited

Filleted Financial Statements

for the Year Ended 30 April 2024

 

Robinson Investments Group Limited

Contents

Balance Sheet

1

Notes to the Financial Statements

2 to 5

 

Robinson Investments Group Limited

(Registration number: 13733043)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Investments

4

2

2

Current assets

 

Debtors

5

60,032

98,109

Cash at bank and in hand

 

546

722

 

60,578

98,831

Creditors: Amounts falling due within one year

6

(58,842)

(78,699)

Net current assets

 

1,736

20,132

Total assets less current liabilities

 

1,738

20,134

Creditors: Amounts falling due after more than one year

6

(40,000)

(150,000)

Net liabilities

 

(38,262)

(129,866)

Capital and reserves

 

Called up share capital

7

100

100

Profit and loss account

(38,362)

(129,966)

Shareholders' deficit

 

(38,262)

(129,866)


These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 28 April 2025 and signed on its behalf by:
 

.........................................
D A Robinson
Director

 

Robinson Investments Group Limited

Notes to the Financial Statements for the Year Ended 30 April 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:
8 Baltic Street East
London
EC1Y 0UP
England

These financial statements were authorised for issue by the Board on 28 April 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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

The financial statements are presented in Sterling (£), which is also the company's financial currency. Monetary amounts in these financial statements are rounded to the nearest £.

Going concern

On 3 March 2025, the company disposed of its shareholding in its joint venture entity. Following the disposal, the company’s directors have made the decision to close the company and the financial statements have therefore been prepared on a basis other going concern.

Accordingly, the directors having considered whether the carrying value of the company’s assets at the reporting date were impaired, whether the company has any onerous contracts that should be provided in full, or if there are any additional liabilities as a result of not preparing the financial statements on a going concern basis. No adjustments were required to the carrying value of assets or liabilities as a result of these considerations.

Audit report

The Independent Auditor's Report was unqualified. The Independent Auditor's Report included the following emphasis of matter:

Emphasis of matter
We draw attention to Note 2 to the financial statements which explains that the directors intend to liquidate the company and therefore do not consider it to be appropriate to adopt the going concern basis of accounting in preparing the financial statements. Accordingly, the financial statements have been prepared on a basis other than going concern as described in Note 2. Our opinion is not modified in respect of this matter.

The name of the Senior Statutory Auditor who signed the audit report on 28 April 2025 was Stephen Fenton FCA, who signed for and on behalf of Sterlings Ltd.

 

Robinson Investments Group Limited

Notes to the Financial Statements for the Year Ended 30 April 2024

Investments

Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

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

Other debtors are amounts due from related company for services performed in the ordinary course of business.

Other 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 other 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.

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.

3

Staff numbers

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

4

Investments

2024
£

2023
£

Investments in joint ventures

2

2

Joint ventures

£

Cost

At 1 May 2023

2

Carrying amount

At 30 April 2024

2

At 30 April 2023

2

 

Robinson Investments Group Limited

Notes to the Financial Statements for the Year Ended 30 April 2024

5

Debtors

Note

2024
£

2023
£

Amounts owed by undertakings in which the company has a participating interest

8

59,932

98,009

Other debtors

 

100

100

   

60,032

98,109

 

60,032

98,109

Details of non-current trade and other debtors

Included in other debtors, an amount of £33,224 (2023 - £78,896) is receivable after more than one year.

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Amounts owed to group undertakings and undertakings in which the company has a participating interest

8

50,982

68,319

Accruals and deferred income

 

7,860

10,380

 

58,842

78,699

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Amounts owed to group undertakings and undertakings in which the company has a participating interest

8

40,000

150,000

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

       

 

Robinson Investments Group Limited

Notes to the Financial Statements for the Year Ended 30 April 2024

8

Related party transactions

The company has taken advantage of the exemption contained in FRS 102 section 33 “Related Party Disclosures” from disclosing transactions with entities which are a wholly owned part of the group.

At 30 April 2023, the company was owed £210,009 by a jointly controlled entity. During the year, the company advanced further sums totalling £93,244 and received repayments of £245,000. Under the terms of the loan agreements, interest is charged on the outstanding principal at a margin of 2% over the Bank of England base rate. During the year, interest of £11,993 (2023: £13,321) was accrued on the loans. In the previous period, a provision of £112,000 was made against the loan balances. The provision was reduced to £10,316 at the end of the current year.

9

Post balance sheet events

On 3 March 2025, the company disposed of its shareholding in its joint venture entity for nil consideration. The company also agreed to waive the remaining balance due from its joint venture and the debtor at 30 April 2024 has been impaired to its recoverable amount as detailed in Note 8.

10

Parent and ultimate parent undertaking

The company's immediate and ultimate parent is Ibsecad Holdings Limited, incorporated in England and Wales.

 The most senior parent entity producing publicly available financial statements is Ibsecad Holdings Limited. These financial statements are available from Companies House, Crown Way, Cardiff, CF14 3UZ.

 The ultimate controlling party is D A Robinson.