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Company Registration No. 12299630 (England and Wales)
Roam Foods Ltd Unaudited accounts for the year ended 30 November 2023
Roam Foods Ltd Unaudited accounts Contents
Page
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Roam Foods Ltd Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Inventories
14,052 
9,070 
Debtors
13,906 
3,374 
Cash at bank and in hand
4,168 
11,227 
32,126 
23,671 
Creditors: amounts falling due within one year
(147,819)
(62,646)
Net current liabilities
(115,693)
(38,975)
Total assets less current liabilities
(115,693)
(38,975)
Creditors: amounts falling due after more than one year
(48,524)
(50,627)
Net liabilities
(164,217)
(89,602)
Capital and reserves
Called up share capital
795 
795 
Profit and loss account
(165,012)
(90,397)
Shareholders' funds
(164,217)
(89,602)
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 6 February 2024 and were signed on its behalf by
Matthew McEntegart Director Company Registration No. 12299630
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Roam Foods Ltd Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
Roam Foods Ltd is a private company, limited by shares, registered in England and Wales, registration number 12299630. The registered office is 20-22 Wenlock Road, London, N1 7GU.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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Roam Foods Ltd Notes to the Accounts for the year ended 30 November 2023
Going concern
After reviewing the company’s forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
4
Inventories
2023 
2022 
£ 
£ 
Finished goods
14,052 
9,070 
14,052 
9,070 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
3,748 
2,842 
Trade debtors
894 
163 
Accrued income and prepayments
7,951 
- 
Other debtors
1,313 
369 
13,906 
3,374 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
17,666 
13,038 
Amounts owed to group undertakings and other participating interests
125,650 
45,000 
Loans from directors
4,503 
4,503 
Accruals
- 
105 
147,819 
62,646 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
48,524 
50,627 
Aggregate of amounts that fall due for payment after five years
13,684 
- 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
795 Ordinary shares of £1 each
795 
795 
9
Transactions with related parties
Directors have provided funding to the Company in the form of directors loans. The loans are unsecured and without any charge on the assets of the Company, repayable on demand and non-interest bearing. The Company has received loan advances from its parent and fellow subsidiary, such loans are unsecured, interest-free, have no fixed date of repayment and are repayable on demand.
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Roam Foods Ltd Notes to the Accounts for the year ended 30 November 2023
10
Controlling party
The company is a subsidiary of 20Five Holdings Limited which is the ultimate parent undertaking, whose registered office is at 20-22 Wenlock Road, London, N1 7GU. 20Five Holdings Limited does not produce consolidated group accounts. The ultimate controlling party is Mr M McEntegart.
11
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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