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Registered number: 13702349
Roman Empire Property Ltd
Financial Statements
For The Year Ended 31 October 2023
Charles & Co.
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13702349
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 142,358 142,358
142,358 142,358
CURRENT ASSETS
Debtors 5 796 796
Cash at bank and in hand 2,861 10,324
3,657 11,120
Creditors: Amounts Falling Due Within One Year 6 (43,678 ) (51,131 )
NET CURRENT ASSETS (LIABILITIES) (40,021 ) (40,011 )
TOTAL ASSETS LESS CURRENT LIABILITIES 102,337 102,347
Creditors: Amounts Falling Due After More Than One Year 7 (103,749 ) (103,745 )
NET LIABILITIES (1,412 ) (1,398 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (1,512 ) (1,498 )
SHAREHOLDERS' FUNDS (1,412) (1,398)
Page 1
Page 2
For the year ending 31 October 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Edmond Lika
Director
Miss Jade McNulty
Director
01/04/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Roman Empire Property Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13702349 . The registered office is Suite 15 Highfield House, 185 Chorley New Road, Bolton, BL1 4QZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Tangible Assets
Investment Properties
£
Cost
As at 1 November 2022 142,358
As at 31 October 2023 142,358
Net Book Value
As at 31 October 2023 142,358
As at 1 November 2022 142,358
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Page 4
5. Debtors
2023 2022
£ £
Due within one year
Prepayments and accrued income 796 796
796 796
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Accruals and deferred income 850 700
Directors' loan accounts 42,828 50,431
43,678 51,131
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 103,749 103,745
103,749 103,745
Of the creditors falling due after more than one year the following amounts are due after more than five years.
2023 2022
£ £
Bank loans 98,549 103,745
8. Secured Creditors
Of the creditors the following amounts are secured.
2023 2022
£ £
Bank loans and overdrafts 103,749 103,745
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
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