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REGISTERED NUMBER: 01792228 (England and Wales)





AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST AUGUST 2024

FOR

ROBINS ROW LIMITED

ROBINS ROW LIMITED (REGISTERED NUMBER: 01792228)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ROBINS ROW LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST AUGUST 2024







DIRECTORS: Sir N H Bacon
B J Bridges
J E Downs
P J Evelyn





SECRETARY: B J Bridges





REGISTERED OFFICE: 3 Skyview Business Centre
9 Church Field Road
Sudbury
CO10 2YA





REGISTERED NUMBER: 01792228 (England and Wales)





AUDITORS: Shaw Gibbs (Audit) Limited
Chartered Certified Accountants
Statutory Auditor
25 St Thomas Street
Winchester
Hampshire
SO23 9HJ

ROBINS ROW LIMITED (REGISTERED NUMBER: 01792228)

BALANCE SHEET
31ST AUGUST 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - 994
Tangible assets 5 91,389 73,811
91,389 74,805

CURRENT ASSETS
Debtors 6 1,007,904 511,590
Cash at bank 386,790 466,330
1,394,694 977,920
CREDITORS
Amounts falling due within one year 7 870,047 556,988
NET CURRENT ASSETS 524,647 420,932
TOTAL ASSETS LESS CURRENT
LIABILITIES

616,036

495,737

CAPITAL AND RESERVES
Called up share capital 21,566 21,566
Capital redemption reserve 100,000 100,000
Retained earnings 494,470 374,171
SHAREHOLDERS' FUNDS 616,036 495,737

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30th April 2025 and were signed on its behalf by:





P J Evelyn - Director


ROBINS ROW LIMITED (REGISTERED NUMBER: 01792228)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2024


1. STATUTORY INFORMATION

Robins Row 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.

Related party exemption
Robins Row Insurance Holdings Limited is the company's ultimate parent undertaking. The registered office and principal place of business is as detailed on page 1.

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 subsidiaries within the group.

Turnover
Turnover represents commissions receivable during the year and is solely attributable to the principal activity. Commission is recognised once risk is accepted by the insurer.

Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - Straight line over the life of the lease
Office equipment - 33.33% on cost and 10% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Financial instruments
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.


ROBINS ROW LIMITED (REGISTERED NUMBER: 01792228)

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


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Client funds
These are held in a protected bank account and netted off against client liabilities to insurers.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2023 - 32 ) .

ROBINS ROW LIMITED (REGISTERED NUMBER: 01792228)

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


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st September 2023
and 31st August 2024 801,779
AMORTISATION
At 1st September 2023 800,785
Charge for year 994
At 31st August 2024 801,779
NET BOOK VALUE
At 31st August 2024 -
At 31st August 2023 994

The inherent goodwill is written off over a twenty year period which is considered to be its useful economic life.

5. TANGIBLE FIXED ASSETS
Long Office
leasehold equipment Totals
£    £    £   
COST
At 1st September 2023 8,386 164,502 172,888
Additions 11,459 27,525 38,984
Disposals (8,386 ) (42,531 ) (50,917 )
At 31st August 2024 11,459 149,496 160,955
DEPRECIATION
At 1st September 2023 8,386 90,691 99,077
Charge for year 1,273 20,133 21,406
Eliminated on disposal (8,386 ) (42,531 ) (50,917 )
At 31st August 2024 1,273 68,293 69,566
NET BOOK VALUE
At 31st August 2024 10,186 81,203 91,389
At 31st August 2023 - 73,811 73,811

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 942,796 468,811
Other debtors 65,108 42,779
1,007,904 511,590

ROBINS ROW LIMITED (REGISTERED NUMBER: 01792228)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 142,555 114,907
Amounts owed to group undertakings 276,034 134,414
Taxation and social security 211,612 119,897
Other creditors 239,846 187,770
870,047 556,988

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

David Barr FCA (Senior Statutory Auditor)
for and on behalf of Shaw Gibbs (Audit) Limited

9. OTHER FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £213,050 (2023: £117,900).