Registration number:
Robinson Investments Group Limited
for the Year Ended 30 April 2024
Robinson Investments Group Limited
Contents
Balance Sheet |
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Notes to the Financial Statements |
Robinson Investments Group Limited
(Registration number: 13733043)
Balance Sheet as at 30 April 2024
Note |
2024 |
2023 |
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Fixed assets |
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Investments |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Net liabilities |
( |
( |
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Capital and reserves |
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Called up share capital |
100 |
100 |
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Profit and loss account |
(38,362) |
(129,966) |
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Shareholders' deficit |
(38,262) |
(129,866) |
Approved and authorised by the
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Robinson Investments Group Limited
Notes to the Financial Statements for the Year Ended 30 April 2024
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
England
These financial statements were authorised for issue by the
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
Emphasis of matter
The name of the Senior Statutory Auditor who signed the audit report on
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.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Investments |
2024 |
2023 |
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Investments in joint ventures |
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Joint ventures |
£ |
Cost |
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At 1 May 2023 |
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Carrying amount |
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At 30 April 2024 |
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At 30 April 2023 |
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Robinson Investments Group Limited
Notes to the Financial Statements for the Year Ended 30 April 2024
Debtors |
Note |
2024 |
2023 |
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Amounts owed by undertakings in which the company has a participating interest |
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Other debtors |
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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.
Creditors |
Creditors: amounts falling due within one year
Note |
2024 |
2023 |
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Due within one year |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
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Accruals and deferred income |
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Creditors: amounts falling due after more than one year
Note |
2024 |
2023 |
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Due after one year |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
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Share capital |
Allotted, called up and fully paid shares
2024 |
2023 |
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No. |
£ |
No. |
£ |
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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
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.
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.
Parent and ultimate parent undertaking |
The company's immediate and ultimate parent is
The most senior parent entity producing publicly available financial statements is
The ultimate controlling party is