Registered number
10816917
Robit Holdings Limited
Filleted Accounts
31 March 2025
Robit Holdings Limited
Registered number: 10816917
Balance Sheet
as at 31 March 2025
Notes 2025 2024
Fixed assets
Tangible assets 3 189,000 181,000
Current assets
Cash at bank and in hand 1,048 1,764
Creditors: amounts falling due within one year 4 (60,124) (60,133)
Net current liabilities (59,076) (58,369)
Total assets less current liabilities 129,924 122,631
Creditors: amounts falling due after more than one year 5 (47,504) (50,933)
Provisions for liabilities (13,654) (12,134)
Net assets 68,766 59,564
Capital and reserves
Called up share capital 100 100
Profit and loss account 68,666 59,464
Shareholder's funds 68,766 59,564
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
D R Owen
Director
Approved by the board on 28 May 2025
Robit Holdings Limited
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover represents rental income being rent receivable from tenants in respect of the lease of the company's property.
Investment properties
Investment properties are carried at fair value determined annually by external valuers or the directors and derived from the current market rents and investment property yields for comparable properties, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss. No depreciation is provided on investment properties.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings
Fair value
At 1 April 2024 181,000
Deficit on revaluation 8,000
At 31 March 2025 189,000
Depreciation
At 31 March 2025 -
Net book value
At 31 March 2025 189,000
At 31 March 2024 181,000
Freehold land and buildings: 2025 2024
Historical cost 117,134 117,134
Cumulative depreciation based on historical cost - -
117,134 117,134
4 Creditors: amounts falling due within one year 2025 2024
Bank loans and overdrafts 3,429 3,308
Taxation and social security costs 638 866
Other creditors 56,057 55,959
60,124 60,133
5 Creditors: amounts falling due after one year 2025 2024
Bank loans 47,504 50,933
6 Loans 2025 2024
Creditors include:
Instalments falling due for payment after more than five years 32,489 36,447
Secured bank loans 50,933 54,241
The mortgage loan is secured on the freehold investment property owned by the company.
7 Related party transactions
Included in creditors is a loan from a related company and the amount owing at 31st March 2025 was £55,000 (2024 : £55,000). The loan is interest free.
8 Controlling party
D R Owen, who owns 100% of the issued share capital, is considered to be the controlling party.
9 Other information
Robit Holdings Limited is a private company limited by shares and incorporated in England. Its registered office is:
6 Langford Close
Dodworth
Barnsley
South Yorkshire
S75 3TP
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