ROBIN JESSOP LIMITED


Directors	DICKINS, Andrew Philip
	GOWER, Timothy Carman
	JESSOP, Valerie Jane
	JESSOP, William Robinson


Company Secretary	JESSOP, William Robinson


Registered Address	Scruton House Station Road
	Scruton
	Northallerton
	DL7 0QN


Registered Number	10325616 (England and Wales)

Notes to the Financial Statements
for the year ended 30 April 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Basis of preparation
	The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	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/or the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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 policy

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/or the rendering of services.

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 

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.

	Defined contribution pension plan
	The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in other creditors in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. 

Contributions to defined contribution plans are expensed in the period to which they relate.  Amounts not paid are shown in other creditors in the Statement of Financial Position.  The assets of the plan are held separately from the company in independently administered funds.

	Current taxation
	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
	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.

Deferred tax

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.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. 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 disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. 

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 disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement

Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Plant and machinery	15
	Office Equipment	20

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the Income Statement.

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the Income Statement.

	Trade and other 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.

Trade and other 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.

	Cash and cash equivalents
	Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less.

Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.

	Trade and other 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.

	Financial instruments
	The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	14		15

3.	Intangible assets

	Goodwill	Other	Total
	£	£	£
Cost or valuation
At 01 May 24	1	2	3
At 30 April 25	1	2	3
Net book value
At 30 April 25	1	2	3
At 30 April 24	1	2	3

4.	Tangible fixed assets

	Plant & machinery	Office Equipment	Total
	£	£	£
Cost or valuation
At 01 May 24	4,000	21,831	25,831
Additions	-	1,197	1,197
Disposals	-	(9,473)	(9,473)
At 30 April 25	4,000	13,555	17,555
Depreciation and impairment
At 01 May 24	2,765	12,096	14,861
Charge for year	185	1,536	1,721
On disposals	-	(6,653)	(6,653)
At 30 April 25	2,950	6,979	9,929
Net book value
At 30 April 25	1,050	6,576	7,626
At 30 April 24	1,235	9,735	10,970

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	121,920	99,349
Prepayments and accrued income	13,546	13,833
Total	135,466	113,182

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	67,534	49,117
Taxation and social security	91,095	71,326
Other creditors	-	36,205
Accrued liabilities and deferred income	3,101	5,581
Total	161,730	162,229

7.	Provisions for liabilities
	The provision for deferred tax is made up of £1,300 in respect of accelerated capital allowances.

	2025	2024
	£	£
Net deferred tax liability (asset)	1,300	1,800
Total	1,300	1,800

8.	Operating lease commitments
	At 30 April 2025 the company had future minimum lease payments under non-cancellable operating leases of £49,080.68 within 1 year and £29,294.41 within 2-5 years.

9.	Related party transactions
	The company rents property from Robin Jessop Limited Directors Pension Scheme, a scheme which the directors W R Jessop, V J Jessop and S E Sykes are members. Rent paid during the year was £39,500 (2024:£39,500). The company rents property from Robin Jessop Holdings Limited, a company which the directors W R Jessop, V J Jessop and S E Sykes are members. Rent payable in the period was £9,000 (2024:£9,000). The company also purchased management services from Robin Jessop Holdings Limited during the period totalling £67,425 (2024:£65,250).

Related party transactions

The company rents property from Robin Jessop Limited Directors Pension Scheme, a scheme which the directors W R Jessop, V J Jessop and S E Sykes are members. Rent paid during the year was £39,500 (2024:£39,500).

The company rents property from Robin Jessop Holdings Limited, a company which the directors W R Jessop, V J Jessop and S E Sykes are members. Rent payable in the period was £9,000 (2024:£9,000).

The company also purchased management services from Robin Jessop Holdings Limited during the period totalling £67,425 (2024:£65,250).

10.	Controlling party
	This company's parent undertaking and controlling party is Robin Jessop Holdings Limited, a company registered in England and Wales, company number 04428123.

	Notes	2025		2024
		£	£	£	£
Fixed assets
Intangible assets	3		3		3
Tangible assets	4		7,626		10,970
			7,629		10,973
Current assets
Debtors	5	135,466		113,182
Cash at bank and on hand		405,255		365,195
		540,721		478,377
Creditors amounts falling due within one year	6	(161,730)		(162,229)
Net current assets (liabilities)			378,991		316,148
Total assets less current liabilities			386,620		327,121
Provisions for liabilities	7		(1,300)		(1,800)
Net assets			385,320		325,321
Capital and reserves
Called up share capital			100		100
Profit and loss account			385,220		325,221
Shareholders' funds			385,320		325,321