Roman Property Holdings Ltd 11829754 false 2022-03-01 2023-02-28 2023-02-28 The principal activity of the company is that of holiday rental. Digita Accounts Production Advanced 6.30.9574.0 true true 11829754 2022-03-01 2023-02-28 11829754 2023-02-28 11829754 core:CurrentFinancialInstruments 2023-02-28 11829754 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 11829754 core:Non-currentFinancialInstruments 2023-02-28 11829754 core:Non-currentFinancialInstruments core:AfterOneYear 2023-02-28 11829754 core:LandBuildings 2023-02-28 11829754 bus:SmallEntities 2022-03-01 2023-02-28 11829754 bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 11829754 bus:FullAccounts 2022-03-01 2023-02-28 11829754 bus:SmallCompaniesRegimeForAccounts 2022-03-01 2023-02-28 11829754 bus:RegisteredOffice 2022-03-01 2023-02-28 11829754 bus:Director2 2022-03-01 2023-02-28 11829754 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 11829754 countries:EnglandWales 2022-03-01 2023-02-28 11829754 2022-02-28 11829754 core:LandBuildings 2022-02-28 11829754 2021-03-01 2022-02-28 11829754 2022-02-28 11829754 core:CurrentFinancialInstruments 2022-02-28 11829754 core:CurrentFinancialInstruments core:WithinOneYear 2022-02-28 11829754 core:Non-currentFinancialInstruments 2022-02-28 11829754 core:Non-currentFinancialInstruments core:AfterOneYear 2022-02-28 11829754 core:LandBuildings 2022-02-28 iso4217:GBP xbrli:pure

Registration number: 11829754

Roman Property Holdings Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 28 February 2023

 

Roman Property Holdings Ltd

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

Roman Property Holdings Ltd

(Registration number: 11829754)
Balance Sheet as at 28 February 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

329,272

329,272

Current assets

 

Debtors

5

4,369

2,352

Cash at bank and in hand

 

12,175

25,970

 

16,544

28,322

Creditors: Amounts falling due within one year

6

(104,533)

(125,705)

Net current liabilities

 

(87,989)

(97,383)

Total assets less current liabilities

 

241,283

231,889

Creditors: Amounts falling due after more than one year

6

(226,608)

(226,609)

Net assets

 

14,675

5,280

Capital and reserves

 

Called up share capital

2

2

Retained earnings

14,673

5,278

Shareholders' funds

 

14,675

5,280

For the financial year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 27 November 2023 and signed on its behalf by:
 

.........................................
M Prall
Director

 

Roman Property Holdings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
27 Bath Road
Frome
Somerset
BA11 2HJ

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Roman Property Holdings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2022 - 0).

 

Roman Property Holdings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 March 2022

329,272

329,272

At 28 February 2023

329,272

329,272

Depreciation

Net book value

At 28 February 2023

329,272

329,272

At 28 February 2022

329,272

329,272

5

Debtors

2023
£

2022
£

Trade debtors

4,103

2,048

Prepayments

266

304

4,369

2,352

6

Creditors

Amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

1,257

1,777

Accruals and deferred income

1,460

2,065

Other creditors

99,612

120,625

Corporation tax

2,204

1,238

104,533

125,705

Amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

7

226,608

226,609

The company has bank loans that have been secured on the properties held of £226,608 (2022 - £226,609).

 

Roman Property Holdings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

7

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Bank borrowings

226,608

226,609