REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
FOR |
ROBSON ASSET MANAGEMENT INTERNATIONAL |
LLP |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
FOR |
ROBSON ASSET MANAGEMENT INTERNATIONAL |
LLP |
ROBSON ASSET MANAGEMENT INTERNATIONAL |
LLP (REGISTERED NUMBER: OC332855) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the year ended 30 September 2024 |
Page |
General Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Chartered Accountants' Report | 8 |
ROBSON ASSET MANAGEMENT INTERNATIONAL |
LLP |
GENERAL INFORMATION |
for the year ended 30 September 2024 |
DESIGNATED MEMBERS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Linden House |
Linden Close |
Tunbridge Wells |
Kent |
TN4 8HH |
ROBSON ASSET MANAGEMENT INTERNATIONAL |
LLP (REGISTERED NUMBER: OC332855) |
BALANCE SHEET |
30 September 2024 |
30.9.24 | 30.9.23 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
and |
NET ASSETS ATTRIBUTABLE TO MEMBERS |
373,057 |
387,835 |
ROBSON ASSET MANAGEMENT INTERNATIONAL |
LLP (REGISTERED NUMBER: OC332855) |
BALANCE SHEET - continued |
30 September 2024 |
30.9.24 | 30.9.23 |
Notes | £ | £ | £ | £ |
LOANS AND OTHER DEBTS DUE TO MEMBERS |
8 |
6,025 |
6,025 |
MEMBERS' OTHER INTERESTS |
Capital accounts | 1,700,000 | 1,700,000 |
Other reserves | ( |
) | ( |
) |
373,057 | 387,835 |
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 8 | 6,025 | 6,025 |
Members' other interests | 367,032 | 381,810 |
Amounts due from members | 6 | (1,861,018 | ) | (1,861,018 | ) |
(1,487,961 | ) | (1,473,183 | ) |
The members acknowledge their responsibilities for: |
(a) | ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the LLP as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP. |
The financial statements were approved by the members of the LLP and authorised for issue on |
ROBSON ASSET MANAGEMENT INTERNATIONAL |
LLP (REGISTERED NUMBER: OC332855) |
NOTES TO THE FINANCIAL STATEMENTS |
for the year ended 30 September 2024 |
1. | STATUTORY INFORMATION |
Robson Asset Management International LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The presentation currency of the financial statements is the Pound Sterling (£). |
Going concern |
After reviewing the LLP's forecasts and projections, the members have a reasonable expectation that the LLP has adequate resources to continue in operational existence for the foreseeable future. The LLP therefore continues to adopt the going concern basis in preparing its financial statements. |
Tangible fixed assets |
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. |
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. |
Depreciation is provided on the following basis: |
Plant & machinery - 33% straight line |
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. |
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Comprehensive Income. |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
ROBSON ASSET MANAGEMENT INTERNATIONAL |
LLP (REGISTERED NUMBER: OC332855) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 30 September 2024 |
2. | ACCOUNTING POLICIES - continued |
Interest income |
Interest income is recognised in the Statement of Comprehensive Income using the effective interest method. |
Finance costs |
Finance costs are charged to the Statement of Comprehensive Income over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument. |
Debtors |
Short term debtors are measured at transaction price, less any impairment. |
Cash and cash equivalents |
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. |
Creditors |
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. |
3. | EMPLOYEE INFORMATION |
The average number of employees during the year was NIL (2023 - NIL). |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
£ |
COST |
At 1 October 2023 |
and 30 September 2024 |
DEPRECIATION |
At 1 October 2023 |
and 30 September 2024 |
NET BOOK VALUE |
At 30 September 2024 |
At 30 September 2023 |
ROBSON ASSET MANAGEMENT INTERNATIONAL |
LLP (REGISTERED NUMBER: OC332855) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 30 September 2024 |
5. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertaking |
£ |
COST |
At 1 October 2023 |
and 30 September 2024 |
NET BOOK VALUE |
At 30 September 2024 |
At 30 September 2023 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.9.24 | 30.9.23 |
£ | £ |
Trade debtors |
Amounts owed by group undertakings |
Amounts due from members | 1,861,018 | 1,861,018 |
Other debtors |
VAT |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.9.24 | 30.9.23 |
£ | £ |
Trade creditors |
Amounts owed to group undertakings |
Other creditors |
Accrued expenses |
8. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
30.9.24 | 30.9.23 |
£ | £ |
Loans from members | 6,025 | 6,025 |
Falling due within one year | 6,025 | 6,025 |
There are no existing restrictions or limitations which impact the ability of the members of the LLP to reduce the amount of Members' other interests. |
ROBSON ASSET MANAGEMENT INTERNATIONAL |
LLP (REGISTERED NUMBER: OC332855) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 30 September 2024 |
9. | RELATED PARTY DISCLOSURES |
At the period end £1,861,018 (2023: £1,861,018) was owed from a designated member. The accrued interest on this loan at the period end amounted to £432,964 (2023: £432,964) all of which has been included within other debtors. |
At the period end the Limited Liability Partnership was owed £1,446,084 (2023: £1,446,084) of which £1,315,525 (2023: £1,313,525) is fully provided for by Robson Asset Management Limited, a company in which a member is a director. This balance is included within amounts owed by group undertakings. |
At the period end the Limited Liability Partnership was owed £19,021 (2023: £19,337) by RAM Alpine Management Company Limited, a company in which a member is a director. This balance is included within other debtors. |
As the period end, the Limited Liability Partnership owed £1,970,300 (2023: £1,965,883) to Robson Asset Management Manco Limited, a subsidiary for which the LLP is the immediate parent undertaking. This balance is included within amounts owed to group undertakings. |
At the period end, the Limited Liability Partnership owed £5,500 (2023: £5,500) to RAM JV LLP, a subsidiary for which it is the immediate parent undertaking. This balance is included within amounts owed to group undertakings. |
CHARTERED ACCOUNTANTS' REPORT TO THE MEMBERS |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
ROBSON ASSET MANAGEMENT INTERNATIONAL |
LLP |
The following reproduces the text of the report prepared for the members in respect of the LLP's annual unaudited financial statements. In accordance with the Companies Act 2006, the LLP is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Members are not required to be filed with the Registrar of Companies. |
In order to assist you to fulfil your duties under the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have prepared for your approval the financial statements of Robson Asset Management International LLP for the year ended 30 September 2024 which comprise the Statement of Comprehensive Income, Balance Sheet, Reconciliation of Members' Interests and the related notes from the LLP's accounting records and from information and explanations you have given us. |
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
This report is made solely to the members of Robson Asset Management International LLP, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Robson Asset Management International LLP and state those matters that we have agreed to state to the members of Robson Asset Management International LLP, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Robson Asset Management International LLP and its members, as a body, for our work or for this report. |
It is your duty to ensure that Robson Asset Management International LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Robson Asset Management International LLP. You consider that Robson Asset Management International LLP is exempt from the statutory audit requirement for the year. |
We have not been instructed to carry out an audit or a review of the financial statements of Robson Asset Management International LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
Linden House |
Linden Close |
Tunbridge Wells |
Kent |
TN4 8HH |