GUS ROBINSON DEVELOPMENTS LIMITED

Company Registration Number:
01608152 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2025

Period of accounts

Start date: 1 April 2024

End date: 31 March 2025

GUS ROBINSON DEVELOPMENTS LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2025

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

GUS ROBINSON DEVELOPMENTS LIMITED

Directors' report period ended 31 March 2025

The directors present their report with the financial statements of the company for the period ended 31 March 2025

Principal activities of the company

The principal activity of the company is to deliver construction contracts for housing development. The company utilises sub-contractors to deliver building works with the company acting as the principal contractor. Since the decision was taken in July 2021 to no longer pursue new business opportunities, we have focussed upon the completion of outstanding works on completed contracts and reducing our remaining liabilities. During 2024/25 we have continued working to finalise and agree remaining liabilities with clients. Operating results show an improvement over the previous year, with an operating profit of £0.2m (2024: operating losses of £1.9m). No dividends have been declared or paid during the year (2024: none). It is now expected that, to minimise impact on and risk to our clients, we will complete the winding up of the company during the 2025/26 financial year.

Political and charitable donations

No charitable donations were made during the financial year (2024: none).

Additional information

Going Concern The director has recorded their intention to wind-up the company within the next twelve months therefore the company is not considered to be a going concern. Directors’ indemnities As permitted by the Articles of Association, the director has the benefit of an indemnity which is a qualifying third-party indemnity provision as defined by Section 234 of the Companies Act 2006. The indemnity was in force throughout the financial year 1 April 2024 to 31 March 2025, and is currently in force. The Company also purchased and maintained throughout the financial year directors’ and officers’ liability insurance in respect of itself and its director. Director shares The director held no shares in the Company as at 31 March 2025 (2024: none). The director is responsible for preparing the Annual Report and the financial statements in accordance with applicable law and regulations. Company law requires the director to prepare financial statements for each financial year. Under that law they have elected to prepare the financial statements in accordance with UK accounting standards and applicable law (UK Generally Accepted Accounting Practice), including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland. Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period. In preparing these financial statements, the director is required to: select suitable accounting policies and then apply them consistently; make judgements and estimates that are reasonable and prudent; state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; assess the Company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern; and use the going concern basis of accounting unless they either intend to liquidate the Company or to cease operations, or have no realistic alternative but to do so. The director is responsible for keeping adequate accounting records that are sufficient to show and explain the Company’s transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are responsible for such internal control as they determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error, and have general responsibility for taking such steps as are reasonably open to them to safeguard the assets of the Company and to prevent and detect fraud and other irregularities. The director is responsible for the maintenance and integrity of the corporate and financial information included on the Company’s website. Director confirmations At the date the Report: the director has recorded their intention to wind-up the company within the next twelve months therefore the company is not considered to be a going concern; so far as the director is aware, there is no relevant audit information of which the company’s auditors are unaware, and the director has taken all steps that they ought to have taken as a director in order to make themselves aware of any relevant audit information and to establish that the company’s auditors are aware of that information. Small company exemption In preparing the report, the director has taken advantage of the small company exemptions provided by section 415A of the Companies Act 2006. The director has also taken advantage of the small companies exemptions provided by section 414B of the Companies Act 2006 and not prepared a strategic report. Independent auditors KPMG LLP have been appointed as independent auditors for Gus Robinson Limited by the Thirteen Group Board.



Directors

The director shown below has held office during the whole of the period from
1 April 2024 to 31 March 2025

Matthew Forrest

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
18 September 2025

And signed on behalf of the board by:
Name: Matthew Forrest
Status: Director

GUS ROBINSON DEVELOPMENTS LIMITED

Profit And Loss Account

for the Period Ended 31 March 2025

2025 2024


£
£
Turnover: 650,234 27,807
Cost of sales: ( 568,244 ) ( 1,885,007 )
Gross profit(or loss): 81,990 (1,857,200)
Administrative expenses: ( 199 ) ( 233,628 )
Other operating income: 105,344 140,924
Operating profit(or loss): 187,135 (1,949,904)
Interest receivable and similar income: 113 0
Interest payable and similar charges: 0 ( 192,043 )
Profit(or loss) before tax: 187,248 (2,141,947)
Tax: 0 0
Profit(or loss) for the financial year: 187,248 (2,141,947)

GUS ROBINSON DEVELOPMENTS LIMITED

Balance sheet

As at 31 March 2025

Notes 2025 2024


£
£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets:   0 0
Investments: 3 1 1
Total fixed assets: 1 1
Current assets
Stocks:   0 0
Debtors: 4 473,072 695,708
Cash at bank and in hand: 24,763 277,501
Investments:   0 0
Total current assets: 497,835 973,209
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 5 ( 10,064,190 ) ( 10,726,812 )
Net current assets (liabilities): (9,566,355) (9,753,603)
Total assets less current liabilities: (9,566,354) ( 9,753,602)
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): (9,566,354) (9,753,602)
Capital and reserves
Called up share capital: 40,400 40,400
Share premium account: 0 0
Other reserves: 0 0
Profit and loss account: (9,606,754 ) (9,794,002 )
Total Shareholders' funds: ( 9,566,354 ) (9,753,602)

The notes form part of these financial statements

GUS ROBINSON DEVELOPMENTS LIMITED

Balance sheet statements

For the year ending 31 March 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 18 September 2025
and signed on behalf of the board by:

Name: Matthew Forrest
Status: Director

The notes form part of these financial statements

GUS ROBINSON DEVELOPMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. See the policy on long term contracts for services delivered over more than one year.

    Other accounting policies

    Going concern In July 2021, Thirteen Housing Group (“the Group”) Board approved a decision to wind-down the Company. Accordingly, the Company is therefore not considered to be a going concern, and the director has not prepared the financial statements on a going concern basis. The principal accounting policies of the company have been amended in respect of this to ensure that: assets are held at their recoverable amounts; all provisions for onerous contracts are recognised; and all liabilities are classified as falling due within one year. Interest receivable and payable Interest payable and interest receivable is charged or credited to the statement of comprehensive income in the financial year in which it accrues. Taxation Any charge for taxation is based on the result for the year and takes into account taxation deferred due to timing differences between the treatment of certain items for taxation and for accounting purposes. Impairment Indicators of impairment are considered annually and where an indicator exists, an impairment assessment is performed. Cash Cash in the Company’s balance sheet consists of cash at bank and in hand. Debtors and Creditors Debtors and creditors receivable and payable within one year are recorded at transaction price. Any impairment is recognised in expenses within the Statement of comprehensive income. Financial instruments The Company has chosen to apply the recognition and measurement provisions of IAS 39 Financial Instruments and to follow the disclosure requirements of FRS 102 Section 11 and 12. The Company has not elected to hold any financial instruments at fair value through profit or loss. All financial assets and liabilities are held at amortised cost. At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss. Impairment provisions for bad and doubtful debts are calculated based on customer payment history with 100% of former tenant arrears being provided for. If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in the Statement of comprehensive income Share Capital Ordinary shares are classed as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds. Grants Grants receivable relating to revenue expenditure are credited to the income and expenditure account in the same period as the expenditure to which they relate. Where grants are received in advance of revenue expenditure they are included in creditors until the expenditure has been incurred. Where grants receivable relates to a contribution by the Ultimate Parent for support with winding-up of the company, this is recognised immediately in other income.

GUS ROBINSON DEVELOPMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

  • 2. Employees

    2025 2024
    Average number of employees during the period 0 1

GUS ROBINSON DEVELOPMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

3. Fixed assets investments note

Fixed asset investments represent £1 ordinary shares in Gus Robinson Homes Limited.

GUS ROBINSON DEVELOPMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

4. Debtors

2025 2024
£ £
Trade debtors 371,966 519,641
Prepayments and accrued income 92,593 93,003
Other debtors 8,513 83,064
Total 473,072 695,708
Debtors due after more than one year: 0 0

GUS ROBINSON DEVELOPMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

5. Creditors: amounts falling due within one year note

2025 2024
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 214,863 403,065
Taxation and social security 0 0
Accruals and deferred income 1,141,184 1,614,842
Other creditors 8,708,143 8,708,905
Total 10,064,190 10,726,812