Robin-Jay International Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02945015 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

FOR

ROBIN-JAY INTERNATIONAL LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

D J Whiddon

SECRETARY:

Ms L P Martin

REGISTERED OFFICE:

Jackson House

95A Station Road

Chingford

London

E4 7BU

BUSINESS ADDRESS:

26 Roehampton Close

London

SW15 5LU

REGISTERED NUMBER:

02945015 (England and Wales)

ACCOUNTANTS:

Barrow LLP

Chartered Accountants

Jackson House

Station Road

Chingford

London

E4 7BU

FIXED ASSETS

Tangible assets

5

7,191

7,578

Investment property

6

1,120,001

1,120,001

1,127,192

1,127,579

CURRENT ASSETS

Debtors

7

247,158

234,253

Cash at bank

3,181

11,103

250,339

245,356

CREDITORS

Amounts falling due within one year

8

401,051

402,839

NET CURRENT LIABILITIES

(150,712

)

(157,483

)

TOTAL ASSETS LESS CURRENT LIABILITIES

976,480

970,096

CREDITORS

Amounts falling due after more than one year

9

(15,000

)

(4,445

)

PROVISIONS FOR LIABILITIES

(156,611

)

(156,611

)

NET ASSETS

804,869

809,040

CAPITAL AND RESERVES

Called up share capital

11

100

100

Revaluation reserve

271,546

271,546

Retained earnings

533,223

537,394

SHAREHOLDERS' FUNDS

804,869

809,040

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 September 2021 and were signed by:

D J Whiddon - Director

1.	STATUTORY INFORMATION

Robin-Jay International Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover, which excludes value added tax, represents rental income which is recognised evenly over the term of each lease to which it relates.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery etc

-

15% on reducing balance

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.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instruments.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes, in effect, 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.

Other financial instruments 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. 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.

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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

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.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2019 - NIL).

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2020

16,676

Additions

778

At 31 December 2020

17,454

DEPRECIATION

At 1 January 2020

9,098

Charge for year

1,165

At 31 December 2020

10,263

NET BOOK VALUE

At 31 December 2020

7,191

At 31 December 2019

7,578

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2020

and 31 December 2020

1,120,001

NET BOOK VALUE

At 31 December 2020

1,120,001

At 31 December 2019

1,120,001

Fair value at 31 December 2020 is represented by:

£

Valuation in 2013

271,546

Valuation in 2016

667,000

Cost

181,455

1,120,001

Investment property was valued on an open market basis on 31 December 2020 by the director.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.20

31.12.19

£

£

Other debtors

247,158

234,253

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.20

31.12.19

£

£

Bank loans and overdrafts

345,000

345,000

Trade creditors

-

549

Taxation and social security

6,806

6,279

Other creditors

49,245

51,011

401,051

402,839

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.20

31.12.19

£

£

Other creditors

15,000

4,445

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.20

31.12.19

£

£

Bank loans

345,000

345,000

The company's bank loan in secured by way of a charge over the company's property portfolio.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.20

31.12.19

value:

£

£

100

Ordinary

£1

100

100

12.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2020 and 31 December 2019:

31.12.20

31.12.19

£

£

D J Whiddon

Balance outstanding at start of year

4,505

-

Amounts advanced

-

4,505

Amounts repaid

(4,505

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

4,505

The director's loan has been made on an interest free basis.