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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2017 |
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ROBINSON & FISHER LIMITED |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2017 |
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FOR |
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ROBINSON & FISHER LIMITED |
ROBINSON & FISHER LIMITED (REGISTERED NUMBER: 00273820) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2017 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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ROBINSON & FISHER LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 MARCH 2017 |
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Directors: |
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Registered office: |
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Registered number: |
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ROBINSON & FISHER LIMITED (REGISTERED NUMBER: 00273820) |
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BALANCE SHEET |
31 MARCH 2017 |
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31.3.17 | 31.3.16 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 3 |
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Investments | 4 |
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Investment property | 5 |
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CURRENT ASSETS |
Debtors | 6 |
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Investments | 7 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 8 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than
one year |
9 |
( |
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( |
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PROVISIONS FOR LIABILITIES | 11 | ( |
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NET ASSETS |
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ROBINSON & FISHER LIMITED (REGISTERED NUMBER: 00273820) |
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BALANCE SHEET - continued |
31 MARCH 2017 |
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31.3.17 | 31.3.16 |
Notes | £ | £ | £ | £ |
CAPITAL AND RESERVES |
Called up share capital | 12 |
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Other reserves |
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Fair value reserve | 13 |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their responsibilities for: |
(a) |
ensuring that the company keeps accounting records which comply with Sections 386 and
387 of the Companies Act 2006 and |
(b) |
preparing financial statements which give a true and fair view of the state of affairs of the
company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
signed on its behalf by: |
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ROBINSON & FISHER LIMITED (REGISTERED NUMBER: 00273820) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2017 |
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1. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
These financial statements have been prepared in accordance with the provisions of Section |
1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard |
applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial |
statements have been prepared under the historical cost convention as modified by the |
revaluation of certain assets. |
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Turnover |
Turnover represents rents receivable from investment property. Turnover is presented net of |
rebates and discounts and is recognised when the investment properties are occupied by |
tenants. |
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Tangible fixed assets |
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Plant and machinery | - |
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Fixtures and fittings | - |
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Motor vehicles | - |
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Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit |
arising from changes in fair value is recognised in profit or loss. |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income |
Statement, except to the extent that it relates to items recognised in other comprehensive |
income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws that |
have been enacted or substantively enacted by the balance sheet date. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not |
reversed at the balance sheet date. |
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Timing differences arise from the inclusion of income and expenses in tax assessments in |
periods different from those in which they are recognised in financial statements. Deferred |
tax is measured using tax rates and laws that have been enacted or substantively enacted |
by the year end and that are expected to apply to the reversal of the timing difference. |
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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. |
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Current asset investments |
Investments in subsidiary, associates and jointly controlled entities are included at fair value. |
The share of profit or loss from the Ann Street LLP for its accounting period ending within |
the accounting period the company is included in the accounts of that period of the company |
as a value adjustment. |
ROBINSON & FISHER LIMITED (REGISTERED NUMBER: 00273820) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2017 |
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2. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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3. | TANGIBLE FIXED ASSETS |
Fixtures |
Plant and | and | Motor |
machinery | fittings | vehicles | Totals |
£ | £ | £ | £ |
Cost |
At 1 April 2016 |
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Additions |
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Disposals | ( |
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At 31 March 2017 |
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Depreciation |
At 1 April 2016 |
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Charge for year |
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Eliminated on disposal | ( |
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At 31 March 2017 |
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Net book value |
At 31 March 2017 |
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At 31 March 2016 |
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4. | FIXED ASSET INVESTMENTS |
Other |
investments |
£ |
Cost |
At 1 April 2016 |
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Disposals | ( |
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At 31 March 2017 |
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Net book value |
At 31 March 2017 |
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At 31 March 2016 |
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ROBINSON & FISHER LIMITED (REGISTERED NUMBER: 00273820) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2017 |
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5. | INVESTMENT PROPERTY |
Total |
£ |
Fair value |
At 1 April 2016 |
and 31 March 2017 |
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Net book value |
At 31 March 2017 |
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At 31 March 2016 |
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The company's investment properties were revalued on 5 April 2016 by BGW McDaniel |
Chartered Surveyors. The directors do not consider the valuation of the properties at that |
date to be materially different from their value at 31 March 2016. All property valuations are |
based on open market values. |
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No depreciation is provided for in respect of investment properties in accordance with the |
Financial Reporting Standard 102. Such properties are held for their investment potential |
and not for the consumption of the business. This is a departure from the Companies Act |
2006 which requires all properties to be depreciated but the directors consider that to |
depreciate them would not permit the financial statements to give a true and fair view. |
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Cost or valuation at 31 March 2017 is represented by: |
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£ |
Valuation in 2016 | 4,625,000 |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.17 | 31.3.16 |
£ | £ |
Trade debtors |
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Other debtors |
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ROBINSON & FISHER LIMITED (REGISTERED NUMBER: 00273820) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2017 |
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7. | PARTNERSHIP NET CURRENT ASSETS |
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Partnership net current assets comprises the company's share of the net current assets of |
Ann Street LLP. |
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The makeup of this figure is as follows: |
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31.3.17 | 31.3.16 |
£ | £ |
Stock | 51,723 | 62,479 |
Debtors | 2,908 | 1,449 |
Cash | 625 | 426 |
Creditors | (1,084 | ) | (1,442 | ) |
54,172 | 62,912 |
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The directors consider that, in order to show a true and fair view, the company's share of the |
net assets of the Ann Street LLP should be included within current assets on the balance |
sheet. These accounts have been prepared on that basis. |
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The share of the profit from the Ann Street LLP for its accounting period ending within the |
accounting period of the company is included in the accounts of that period of the company. |
The company's share of the loss of the Ann Street LLP for the year ended 31 March 2017 |
was £8,740. |
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8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.17 | 31.3.16 |
£ | £ |
Hire purchase contracts |
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Trade creditors |
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Taxation and social security |
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Other creditors |
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9. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR |
31.3.17 | 31.3.16 |
£ | £ |
Bank loans |
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Hire purchase contracts |
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ROBINSON & FISHER LIMITED (REGISTERED NUMBER: 00273820) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2017 |
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10. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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31.3.17 | 31.3.16 |
£ | £ |
Bank loans |
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The bank loan is secured by a legal charge over a number of investment properties in |
London owned by the company. |
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11. | PROVISIONS FOR LIABILITIES |
31.3.17 | 31.3.16 |
£ | £ |
Deferred tax |
Accelerated capital allowances | ( |
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Deferred tax | 641,282 | 685,810 |
639,306 | 685,810 |
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Deferred |
tax |
£ |
Balance at 1 April 2016 |
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Provided during year | ( |
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Fair value adjustments | (44,528 | ) |
Balance at 31 March 2017 |
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12. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.3.17 | 31.3.16 |
value: | £ | £ |
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Ordinary | £1.00 | 18,495 | 18,495 |
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13. | RESERVES |
Fair |
value |
reserve |
£ |
At 1 April 2016 |
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Revaluation in year | 60,538 |
Realised on disposal | 1,137 |
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At 31 March 2017 |
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ROBINSON & FISHER LIMITED (REGISTERED NUMBER: 00273820) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2017 |
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14. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to directors subsisted during the years ended |
31 March 2017 and 31 March 2016: |
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31.3.17 | 31.3.16 |
£ | £ |
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Balance outstanding at start of year | ( |
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Amounts advanced |
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Amounts repaid | ( |
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Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year | ( |
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Balance outstanding at start of year |
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Amounts advanced |
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Amounts repaid | ( |
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Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
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15. | ULTIMATE CONTROLLING PARTY |
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The ultimate controlling party is
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