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REGISTERED NUMBER: 02952045 (England and Wales)















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: E Bennett
E Campbell
B De Nardis





REGISTERED OFFICE: Suite 2
Ground Floor
1 Duchess Street
London
W1W 6AN





REGISTERED NUMBER: 02952045 (England and Wales)





ACCOUNTANTS: Pabs Consultancy Limited
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 1,020,000 1,020,000
Investment property 5 13,166,603 13,166,603
14,186,603 14,186,603

CURRENT ASSETS
Debtors 6 3,689,762 3,092,855
Cash at bank 755,248 1,197,906
4,445,010 4,290,761
CREDITORS
Amounts falling due within one
year

7

7,313,739

8,798,433
NET CURRENT LIABILITIES (2,868,729 ) (4,507,672 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,317,874

9,678,931

CREDITORS
Amounts falling due after more
than one year

8

7,879,784

7,879,784
NET ASSETS 3,438,090 1,799,147

CAPITAL AND RESERVES
Called up share capital 13,345 13,345
Share premium 244,889 244,889
Other reserves 3,410,076 3,410,076
Retained earnings (230,220 ) (1,869,163 )
SHAREHOLDERS' FUNDS 3,438,090 1,799,147

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 December 2022 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.

Rome Properties Limited (Registered number: 02952045)

Balance Sheet - continued
30 December 2022


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 November 2023 and were signed on its behalf by:





E Campbell - Director


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 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.

2. ACCOUNTING POLICIES

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

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 3 (2021 - 3 ) .

4. FIXED ASSET INVESTMENTS
Other
investments
€   
COST
At 31 December 2021
and 30 December 2022 1,020,000
NET BOOK VALUE
At 30 December 2022 1,020,000
At 30 December 2021 1,020,000

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 13,166,603
NET BOOK VALUE
At 30 December 2022 13,166,603
At 30 December 2021 13,166,603

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
€    €   
Trade debtors 360,000 -
Amounts owed by group undertakings 3,329,762 3,092,855
3,689,762 3,092,855

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
€    €   
Bank loans and overdrafts 5,097,248 6,298,276
Trade creditors - 516,336
Amounts owed to group undertakings 1,917,030 1,983,820
Other creditors 299,461 1
7,313,739 8,798,433

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
€    €   
Amounts owed to group undertakings 7,879,784 7,879,784

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is considered to be BV Trustco Limited, a company established under the laws of Bermuda.