Company registration number 09422700 (England and Wales)
NIGEL ROBERTS PROPERTIES LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
NIGEL ROBERTS PROPERTIES LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 6
NIGEL ROBERTS PROPERTIES LIMITED
BALANCE SHEET
AS AT 31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
11,109
579
Investment property
4
10,750,000
10,750,000
10,761,109
10,750,579
Current assets
Debtors
5
405,215
556,796
Cash at bank and in hand
349,668
223,705
754,883
780,501
Creditors: amounts falling due within one year
6
(797,683)
(865,172)
Net current liabilities
(42,800)
(84,671)
Total assets less current liabilities
10,718,309
10,665,908
Creditors: amounts falling due after more than one year
7
(6,462,500)
(6,375,000)
Net assets
4,255,809
4,290,908
Capital and reserves
Called up share capital
8
100
100
Share premium account
3,043,300
3,043,300
Profit and loss reserves
1,212,409
1,247,508
Total equity
4,255,809
4,290,908
For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 21 July 2025 and are signed on its behalf by:
Mr N Roberts
Director
Company registration number 09422700 (England and Wales)
NIGEL ROBERTS PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
1
Accounting policies
Company information
Nigel Roberts Properties Limited is a private company limited by shares incorporated in England and Wales. The registered office is Summers House, Pascal Close, St Mellons, Cardiff, CF3 0LW.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for rental services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
1.3
Tangible fixed assets
Tangible fixed assets are measured at cost, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures, fittings & equipment
20% reducing balance
Computer equipment
20% straight line
1.4
Investment properties
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.
1.5
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recongnised in the profit and loss account in other administrative expenses.
1.6
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
NIGEL ROBERTS PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 3 -
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
1.7
Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received..
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2025
2024
Number
Number
Total
2
2
NIGEL ROBERTS PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -
3
Tangible fixed assets
Fixtures, fittings & equipment
Computer equipment
Total
£
£
£
Cost
At 1 April 2024
1,515
1,515
Additions
12,500
12,500
At 31 March 2025
12,500
1,515
14,015
Depreciation and impairment
At 1 April 2024
936
936
Depreciation charged in the year
1,667
303
1,970
At 31 March 2025
1,667
1,239
2,906
Carrying amount
At 31 March 2025
10,833
276
11,109
At 31 March 2024
579
579
4
Investment property
2025
£
Fair value
At 1 April 2024 and 31 March 2025
10,750,000
The fair value of the investment property has been arrived at on the basis of a valuation carried out at 12 October 2023 by Jones Lang LaSalle Limited. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.
If the investment property had not been revalued it would have been included at the following historical cost: £12,215,220 (2024 - £12,215,220).
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
56,694
265,127
Other debtors
84,090
21,601
140,784
286,728
NIGEL ROBERTS PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
5
Debtors
(Continued)
- 5 -
2025
2024
Amounts falling due after more than one year:
£
£
Deferred tax asset
264,431
270,068
Total debtors
405,215
556,796
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
250,000
250,000
Trade creditors
92,979
77,077
Taxation and social security
49,071
139,781
Other creditors
405,633
398,314
797,683
865,172
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
6,462,500
6,375,000
Bank loans are secured by fixed charges over the investment property.
8
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
51
100
51
100
Ordinary A of £1 each
49
0
49
100
100
100
100
During the year, the company redesignated 49 ordinary shares to 49 ordinary A shares, which were fully paid.
NIGEL ROBERTS PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 6 -
9
Directors' transactions
Dividends totalling £130,000 (2024 - £127,807) were paid in the year in respect of shares held by the company's directors.
Advances or credits have been granted by the company to its directors as follows:
Description
% Rate
Opening balance
Amounts advanced
Interest charged
Amounts repaid
Closing balance
£
£
£
£
£
Directors
3.50
1
182,220
780
(130,000)
53,001
1
182,220
780
(130,000)
53,001