E.H. Roberts-Penet Group Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04590044

E.H. ROBERTS-PENET GROUP LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 December 2024

E.H. ROBERTS-PENET GROUP LIMITED

STATEMENT OF FINANCIAL POSITION

31 December 2024

	2024	2023
Note	£	£

FIXED ASSETS

Tangible assets	5	10,385,235	12,928,752

CURRENT ASSETS

Stocks		18,125	32,406
Debtors	6	2,714,985	641,096
Cash at bank and in hand		1,457,798	311,108
		------------	---------
		4,190,908	984,610

CREDITORS: amounts falling due within one year	7	584,693	592,025
		------------	---------
NET CURRENT ASSETS		3,606,215	392,585
		-------------	-------------
TOTAL ASSETS LESS CURRENT LIABILITIES		13,991,450	13,321,337

CREDITORS: amounts falling due after more than one year	8	–	400,000

PROVISIONS	2,153,991	2,540,466
	-------------	-------------
NET ASSETS	11,837,459	10,380,871
	-------------	-------------

CAPITAL AND RESERVES

Called up share capital	9	100,000	100,000
Revaluation reserve	10	1,453,271	1,453,271
Profit and loss account	10	10,284,188	8,827,600
		-------------	-------------
SHAREHOLDERS FUNDS		11,837,459	10,380,871
		-------------	-------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- 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 Act with respect to accounting records and the preparation of financial statements .

E.H. ROBERTS-PENET GROUP LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 2 September 2025 , and are signed on behalf of the board by:

S H Hodge
Director

Company registration number: 04590044

E.H. ROBERTS-PENET GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2024

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 251 Church Road, Benfleet, Essex, SS7 4QP.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Operating leases

Lease income is recognised in profit or loss on a straight line basis over the lease term. The aggregate cost of lease incentives are recognised as a reduction to income over the lease term on a straight-line basis. Costs, including depreciation, incurred in earning the lease income are recognised as an expense. Any initial direct costs incurred in negotiating and arranging the operating lease are added to the carrying amount of the lease and recognised as an expense over the lease term on the same basis as the lease income.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant & Machinery	-	over 15 years
Fixtures & Fittings	-	over 3 or 15 years
Motor Vehicles	-	over 5 or 10 years

No depreciation is provided on the freehold properties because any such charge would be immaterial due to the long useful life and high residual value of the properties.

Investment property

Investment properties are initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment properties are revalued to their fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 24 (2023: 23 ).

5. TANGIBLE ASSETS

	Land and buildings	Plant and machinery	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£	£
Cost
At 1 January 2024	5,125,000	134,679	9,434	11,870,672	17,139,785
Additions	–	–	–	1,376,493	1,376,493
Disposals	( 2,090,000)	( 30,660)	–	( 1,375,532)	( 3,496,192)
	------------	---------	-------	-------------	-------------
At 31 December 2024	3,035,000	104,019	9,434	11,871,633	15,020,086
	------------	---------	-------	-------------	-------------
Depreciation
At 1 January 2024	–	102,541	9,434	4,099,058	4,211,033
Charge for the year	–	1,868	–	1,197,444	1,199,312
Disposals	–	( 16,511)	–	( 758,983)	( 775,494)
	------------	---------	-------	-------------	-------------
At 31 December 2024	–	87,898	9,434	4,537,519	4,634,851
	------------	---------	-------	-------------	-------------
Carrying amount
At 31 December 2024	3,035,000	16,121	–	7,334,114	10,385,235
	------------	---------	-------	-------------	-------------
At 31 December 2023	5,125,000	32,138	–	7,771,614	12,928,752
	------------	---------	-------	-------------	-------------

The company's properties were valued in 2023 by independent valuers Whirledge & Nott, Chartered Surveyors and Nicholas Percival, Chartered Surveyors. The directors are of the opinion that these valuations have not materially changed as at 31 December 2024.

Tangible assets held at valuation

In respect of tangible assets held at valuation, the aggregate cost, depreciation and comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model are as follows:

	Land and buildings
	£
At 31 December 2024
Aggregate cost	285,991
Aggregate depreciation	–
	---------
Carrying value	285,991
	---------

At 31 December 2023
Aggregate cost	328,624
Aggregate depreciation	–
	---------
Carrying value	328,624
	---------

6. DEBTORS

	2024	2023
	£	£
Trade debtors	521,868	532,763
Amounts owed by group undertakings and undertakings in which the company has a participating interest	2,090,000	–
Other debtors	103,117	108,333
	------------	---------
	2,714,985	641,096
	------------	---------

7. CREDITORS: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	88,140	171,628
Amounts owed to group undertakings and undertakings in which the company has a participating interest	53,402	141,379
Corporation tax	189,962	169,410
Social security and other taxes	184,246	27,941
Other creditors	68,943	81,667
	---------	---------
	584,693	592,025
	---------	---------

8. CREDITORS: amounts falling due after more than one year

	2024	2023
	£	£
Amounts owed to group undertakings and undertakings in which the company has a participating interest	–	400,000
	----	---------

9. CALLED UP SHARE CAPITAL

Issued, called up and fully paid

	2024		2023
	No.	£	No.	£
Ordinary shares of £ 1 each	100,000	100,000	100,000	100,000
	---------	---------	---------	---------

10. RESERVES

Revaluation reserve - this reserve represents the revaluation of the company's trading premises net of associated deferred tax. Profit and loss account - this reserve represents distributable retained earnings of £6,683,589 (2022: £5,614,535) and the fair value reserve in respect of the company's investment properties of £2,144,011 (2022: £1,634,011).