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REGISTERED NUMBER: 09594674 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2017

FOR

ROMS K LTD

ROMS K LTD (REGISTERED NUMBER: 09594674)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ROMS K LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2017







DIRECTOR: C K Sehgal





REGISTERED OFFICE: Unit 4e, Cobalt Central Silver Fox Way
Cobalt Business Park
Newcastle Upon Tyne
NE27 0QJ





REGISTERED NUMBER: 09594674 (England and Wales)





ACCOUNTANTS: Robson Laidler Accountants Limited
Fernwood House
Fernwood Road
Jesmond
Newcastle upon Tyne
NE2 1TJ

ROMS K LTD (REGISTERED NUMBER: 09594674)

BALANCE SHEET
30 NOVEMBER 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 16,444 13,500
Tangible assets 6 103,323 156,399
119,767 169,899

CURRENT ASSETS
Stocks 5,000 5,000
Debtors 7 22,561 47,892
Cash at bank and in hand 9,237 58,422
36,798 111,314
CREDITORS
Amounts falling due within one year 8 321,386 224,645
NET CURRENT LIABILITIES (284,588 ) (113,331 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(164,821

)

56,568

CREDITORS
Amounts falling due after more than one
year

9

79,540

97,367
NET LIABILITIES (244,361 ) (40,799 )

CAPITAL AND RESERVES
Called up share capital 12 4 4
Retained earnings (244,365 ) (40,803 )
SHAREHOLDERS' FUNDS (244,361 ) (40,799 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2017 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.

ROMS K LTD (REGISTERED NUMBER: 09594674)

BALANCE SHEET - continued
30 NOVEMBER 2017


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 12 November 2018 and were signed by:





C K Sehgal - Director


ROMS K LTD (REGISTERED NUMBER: 09594674)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2017

1. STATUTORY INFORMATION

ROMS K Ltd 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 (£).


The financial statements are rounded to the nearest £1.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on a going concern basis which, in the opinion of the
director, is the appropriate basis. The company's ability to continue trading is dependent upon the
ongoing support of its bankers, its director and shareholders and other related parties. In the event that
the company is unable to continue trading, adjustments would have to be made to reduce the value of
assets to their recoverable amount, to provide for any liabilities which might arise and to re-classify
fixed assets and long-term liabilities as current assets and liabilities.

The significant accounting policies applied in the preparation of these financial statements are set out
below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,
rebates, value added tax and other sales taxes.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of
the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is
probable that the economic benefits associated with the transaction will flow to the company and the
costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually
at point of sale in respect of cash sales.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured
at cost less any accumulated amortisation and any accumulated impairment losses.

The franchise agreement is being amortised over the period of the agreement of 10 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Leasehold improvements - Straight line over 10 years
Fixtures and fittings - 15% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation
and accumulated impairment losses. Cost includes costs directly attributable to making the asset
capable of operating as intended.

ROMS K LTD (REGISTERED NUMBER: 09594674)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2017

3. ACCOUNTING POLICIES - continued

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for
obsolete and slow moving items.

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.

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 taxation
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the
period of the lease.

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are
recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss
account in other administrative expenses.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs.
Subsequently, they are measured at amortised cost using the effective interest rate method, less
impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Impairment of assets
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at
each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's
cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount
exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is
carried at a revalued amount where the impairment loss is a revaluation decrease.

Provisions
Provisions are recognised when the company has an obligation at the balance sheet date as a result of
a past event, it is probable that an outflow of economic benefits will be required in settlement and the
amount can be reliably estimated.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2016 - 5 ) .

ROMS K LTD (REGISTERED NUMBER: 09594674)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2017

5. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 December 2016 15,000
Additions 5,000
At 30 November 2017 20,000
AMORTISATION
At 1 December 2016 1,500
Charge for year 2,056
At 30 November 2017 3,556
NET BOOK VALUE
At 30 November 2017 16,444
At 30 November 2016 13,500

6. TANGIBLE FIXED ASSETS
Fixtures
Leasehold and
improvements fittings Totals
£    £    £   
COST
At 1 December 2016 98,618 77,055 175,673
Additions 116,417 1,336 117,753
At 30 November 2017 215,035 78,391 293,426
DEPRECIATION
At 1 December 2016 7,714 11,560 19,274
Charge for year 20,949 9,998 30,947
Impairments 124,665 15,217 139,882
At 30 November 2017 153,328 36,775 190,103
NET BOOK VALUE
At 30 November 2017 61,707 41,616 103,323
At 30 November 2016 90,904 65,495 156,399

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Other debtors 19,051 23,327
Prepayments and accrued income 3,510 24,565
22,561 47,892

ROMS K LTD (REGISTERED NUMBER: 09594674)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2017

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Bank loans and overdrafts 17,765 16,965
Trade creditors 31,646 40,182
Amounts owed to related party 240,350 140,350
Social security and other taxes 2,829 484
Other creditors 4,882 -
Director's current account 20,733 23,234
Accruals and deferred income 3,181 3,430
321,386 224,645

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2017 2016
£    £   
Bank loans - 1-2 years 18,365 17,765
Bank loans - 2-5 years 61,175 58,095
Bank loans due after 5 years - 21,507
79,540 97,367

Amounts falling due in more than five years:

Repayable by instalments
Bank loans due after 5 years - 21,507

10. SECURED DEBTS

The following secured debts are included within creditors:

2017 2016
£    £   
Bank loans 97,305 114,332

The bank loan is secured on the company's assets.

11. PROVISIONS FOR LIABILITIES
2017 2016
£    £   
Deferred tax
Accelerated capital allowances 10,401 12,444
Tax losses carried forward (10,401 ) (12,444 )
- -

ROMS K LTD (REGISTERED NUMBER: 09594674)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2017

12. CALLED UP SHARE CAPITAL


Allotted and issued:
Number: Class: Nominal 2017 2016
value: £    £   
4 Ordinary £1 4 4

13. RELATED PARTY DISCLOSURES

Key management personnel of the entity
2017 2016
£    £   
Amount due to related party 20,733 23,234

Other related parties
2017 2016
£    £   
Amount due to related party 240,350 140,350
No interest is charged on the above loans.

14. OTHER FINANCIAL COMMITMENTS

The total amount of financial commitments, guarantees and contingencies not included in the balance
sheet as at 30 November 2017 is £626,000 (2016: £698,000).