REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 30 December 2022 |
for |
Rome Properties Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 30 December 2022 |
for |
Rome Properties Limited |
Rome Properties Limited (Registered number: 02952045) |
Contents of the Financial Statements |
for the Year Ended 30 December 2022 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Rome Properties Limited |
Company Information |
for the Year Ended 30 December 2022 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
39a Joel Street |
Northwood Hills |
HA6 1NZ |
Rome Properties Limited (Registered number: 02952045) |
Balance Sheet |
30 December 2022 |
2022 | 2021 |
Notes | € | € | € | € |
FIXED ASSETS |
Investments | 4 |
Investment property | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
7 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Share premium |
Other reserves |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS |
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. |
Rome Properties Limited (Registered number: 02952045) |
Balance Sheet - continued |
30 December 2022 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
Rome Properties Limited (Registered number: 02952045) |
Notes to the Financial Statements |
for the Year Ended 30 December 2022 |
1. | STATUTORY INFORMATION |
Rome Properties Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Investment property |
The company's investment properties are included in the Balance Sheet at fair value. The surplus or deficit are recognised in the Income statement. |
Taxation |
The company is not considered to be liable to UK corporation tax as the company is managed and controlled overseas. |
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. |
Fixed asset investments |
Fixed asset investments are shown at cost less provision for impairment. |
Foreign currencies |
Assets and liabilities in foreign currencies are translated into EURO at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into EURO at the rate of the exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at operating loss. |
Going concern |
These financial statements are prepared on the going concern basis which assumes the company will continue to receive financial support from certain creditors and the ultimate parent company BV Trustco Limited. If the going concern basis was not appropriate, certain adjustments would have to be made to reduce the value of the assets to their recoverable amount and to provide for any further liabilities which may arise. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | FIXED ASSET INVESTMENTS |
Other |
investments |
€ |
COST |
At 31 December 2021 |
and 30 December 2022 |
NET BOOK VALUE |
At 30 December 2022 |
At 30 December 2021 |
Rome Properties Limited (Registered number: 02952045) |
Notes to the Financial Statements - continued |
for the Year Ended 30 December 2022 |
5. | INVESTMENT PROPERTY |
Total |
€ |
FAIR VALUE |
At 31 December 2021 |
and 30 December 2022 |
NET BOOK VALUE |
At 30 December 2022 |
At 30 December 2021 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
€ | € |
Trade debtors |
Amounts owed by group undertakings |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
€ | € |
Bank loans and overdrafts |
Trade creditors |
Amounts owed to group undertakings |
Other creditors |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2022 | 2021 |
€ | € |
Amounts owed to group undertakings |
9. | ULTIMATE CONTROLLING PARTY |
The ultimate controlling party is considered to be BV Trustco Limited, a company established under the laws of Bermuda. |