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REGISTERED NUMBER: 08378652 (England and Wales)


















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Romiga West Limited

Romiga West Limited (Registered number: 08378652)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


Romiga West Limited (Registered number: 08378652)

Balance Sheet
31 March 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Stocks 952,938 952,938
Debtors 4 17,994 17,139
Cash at bank 4,766 3,416
975,698 973,493
CREDITORS
Amounts falling due within one year 5 (1,347,639 ) (1,303,598 )
NET CURRENT LIABILITIES (371,941 ) (330,105 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(371,941

)

(330,105

)

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (371,943 ) (330,107 )
SHAREHOLDERS' FUNDS (371,941 ) (330,105 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

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.

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 has not been delivered.

Romiga West Limited (Registered number: 08378652)

Balance Sheet - continued
31 March 2023



The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2023 and were signed on its behalf by:





R M Roston - Director


Romiga West Limited (Registered number: 08378652)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Romiga West Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 08378652

Registered office: Treviot House
186-192 High Road
Ilford
Essex
IG1 1LR

2. ACCOUNTING POLICIES

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.

Stocks
Stocks are properties held with a view to sell and are valued at the lower of cost and net realisable value.

Going concern
The balance sheet at the end of the year recorded net liabilities. However, the directors believe sufficient financial resources are available to the company to enable it to continue trading into the foreseeable future. Therefore, the financial statements have been prepared on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 3 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 17,994 17,139

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 59,219 54,653
Amounts owed to related parties 1,286,300 1,246,300
Other creditors 2,120 2,645
1,347,639 1,303,598

6. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Amounts owed to Related Party 1,193,000 1,193,000

Loans included within amounts owed to related party are secured on the properties held as stock in the business.