Company Registration No. 11324026 (England and Wales)
HBB ROMAN WAY LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
HBB ROMAN WAY LIMITED
CONTENTS
Page
Statement of financial position
1
Notes to the financial statements
2 - 4
HBB ROMAN WAY LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
31 DECEMBER 2021
31 December 2021
- 1 -
2021
2020
Notes
£
£
£
£
Current assets
Inventories
3
341,515
191,715
Trade and other receivables
4
6,380
2
Cash and cash equivalents
15,344
1,661
363,239
193,378
Current liabilities
5
(383,254)
(195,915)
Net current liabilities
(20,015)
(2,537)
Equity
Called up share capital
7
2
2
Retained earnings
(20,017)
(2,539)
Total equity
(20,015)
(2,537)

The directors of the company have elected not to include a copy of the income statement within the financial statements.

For the financial year ended 31 December 2021 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The financial statements were approved by the board of directors and authorised for issue on 16 August 2022 and are signed on its behalf by:
Mr A J Couper
Director
Company Registration No. 11324026
HBB ROMAN WAY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
- 2 -
1
Accounting policies
Company information

HBB Roman Way Limited is a private company limited by shares incorporated in England and Wales. The registered office is 8 Kenyon Road, Lomeshaye Industrial Estate, Nelson, Lancashire, BB9 5SP. The company's principal activities and nature of its operations are disclosed in the directors' report.

1.1
Accounting convention

The financial statements have been prepared in accordance with Financial Reporting Standard 101 Reduced Disclosure Framework (FRS 101) and in accordance with applicable accounting standards.

The financial statements have been prepared on the historical cost basis. The principal accounting policies adopted are set out below.

1.2
Going concern

The company is reliant upon the support oftrue the directors and other companies within its group. The financial statements have been prepared on a going concern basis on the assumption that this finance will continue to be made available to the company. At the date of approval of the company's financial statements the directors confirm that they do not intend to withdraw such financial support for the foreseeable future.

 

Whilst the directors have adopted the going concern basis set out above, the impact of the worldwide Coronavirus pandemic, Covid -19, on all businesses represents an uncertainty and the true impact of this pandemic will only become apparent over time.

1.3
Inventories

Inventories are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition.

Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.

1.4
Financial liabilities

The company recognises financial debt when the company becomes a party to the contractual provisions of the instruments. Financial liabilities are classified as either 'financial liabilities at fair value through profit or loss' or 'other financial liabilities'.

Other financial liabilities

Other financial liabilities, including borrowings, trade payables and other short-term monetary liabilities, are initially measured at fair value net of transaction costs directly attributable to the issuance of the financial liability. They are subsequently measured at amortised cost using the effective interest method. For the purposes of each financial liability, interest expense includes initial transaction costs and any premium payable on redemption, as well as any interest or coupon payable while the liability is outstanding.

Derecognition of financial liabilities

Financial liabilities are derecognised when, and only when, the company’s obligations are discharged, cancelled, or they expire.

1.5
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

HBB ROMAN WAY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
- 3 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2021
2020
Number
Number
Directors
6
6

The directors are remunerated by the shareholder companies.

3
Inventories
2021
2020
£
£
Work in progress
341,515
191,715
4
Trade and other receivables
2021
2020
£
£
Unpaid share capital
2
2
VAT recoverable
6,378
-
6,380
2
5
Liabilities
2021
2020
Notes
£
£
Trade and other payables
6
383,254
195,915
6
Trade and other payables
2021
2020
£
£
Trade payables
39,468
-
0
Accruals and deferred income
17,222
850
Other payables
326,564
195,065
383,254
195,915

Included within other payables is amounts loaned to the company by connected companies of £ £326,564 (2020 - £195,065). The amounts are due to Barnfield Group Limited £115,000 - (2020 £nil), Henry Boot Developments Limited £115,001 (2020 - £98,502) and Henry Boot Barnfield Limited £96,563 (2020 £96,563).

 

 

HBB ROMAN WAY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
- 4 -
7
Share capital
2021
2020
2021
2020
Ordinary share capital
Number
Number
£
£
Issued and not fully paid
Ordinary shares of £1 each
2
2
2
2
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