Robert & Victor Ltd

	Page
Abridged Statement of Financial Position	1—2
Notes to the Abridged Financial Statements	3—6

1. General Information

Robert & Victor Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11238858 . The registered office is Westwood House, Annie Med Lane, South Cave, HU15 2HG.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The financial statements have been prepared on a going concern basis. At the Statement of Financial Position date the company has net current assets of £95,539 and net liabilities of £72,087. The validity of the going concern assumption depends on the continued support of the company's shareholders and providers of finance. The director is of the opinion that this support will not be withdrawn and that it is appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of this support.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are legal fees relating to a lease. It is amortised to the income statement over its estimated economic life of 10 years.

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery

25-33% Straight line

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

Page 3

Page 4

Robert & Victor Ltd

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 March 2025

2.7. Financial Instruments

A financial asset or a financial liability is recognised only when the company 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.

Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.

Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

2.8. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.9. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.10. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the income statement as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 11 (2024: 9)

Page 4

Page 5

Robert & Victor Ltd

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 March 2025

4. Intangible Assets

	Total
	£
Cost
As at 1 April 2024	-
Additions	4,409

As at 31 March 2025	4,409

Amortisation
As at 1 April 2024	-
Provided during the period	220

As at 31 March 2025	220

Net Book Value
As at 31 March 2025	4,189

As at 1 April 2024	-

5. Tangible Assets

	Total
	£
Cost
As at 1 April 2024	163,498
Additions	110,369

As at 31 March 2025	273,867

Depreciation
As at 1 April 2024	141,111
Provided during the period	24,573

As at 31 March 2025	165,684

Net Book Value
As at 31 March 2025	108,183

As at 1 April 2024	22,387

6. Debtors

	2025	2024
	£	£
Due after more than one year
Other debtors	8,750	-

7. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	11	10

Page 5

Page 6

Robert & Victor Ltd

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 March 2025

8. Other Commitments

At 31 March 2025 the company has non-cancellable operating leases remaining for three years and six months, and nine years seven months respectively. The remaining lease payments total £313,250 (2024 £189,000).

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2025	2024
	£	£
Not later than one year	59,500	42,000
Later than one year and not later than five years	175,000	147,000
Later than five years	78,750	-

	313,250	189,000

9. Ultimate Controlling Party

The company's ultimate controlling party is S Dasnoy by virtue of his ownership of 100% of the issued share capital in the company.

10. Other financial commitments

The company has a financial commitment to pay 4.015% per year interest on the debentures issued. The financial commitment outstanding at 31 March 2025 totals £26,252. The debentures outstanding at 31 March 2025 are within the other creditors total of £226,648.

Page 6

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		4,189		-
Tangible Assets	5		108,183		22,387

			112,372		22,387
CURRENT ASSETS
Stocks		6,000		3,500
Debtors	6	74,881		65,021
Cash at bank and in hand		169,670		99,180

		250,551		167,701
Creditors: Amounts Falling Due Within One Year		(155,012 )		(153,119 )

NET CURRENT ASSETS (LIABILITIES)			95,539		14,582

TOTAL ASSETS LESS CURRENT LIABILITIES			207,911		36,969

Creditors: Amounts Falling Due After More Than One Year			(279,998 )		(203,366 )

NET LIABILITIES			(72,087 )		(166,397 )

CAPITAL AND RESERVES
Called up share capital	7		11		10
Share premium account			120,770		72,499
Income Statement			(192,868 )		(238,906 )

SHAREHOLDERS' FUNDS			(72,087)		(166,397)