0 false false false false false false false false false true false false true true true true No description of principal activity 2022-04-01 Sage Accounts Production Advanced 2021 - FRS102_2021 8,190,750 8,190,750 8,190,750 xbrli:pure xbrli:shares iso4217:GBP 13213822 2022-04-01 2023-03-31 13213822 2023-03-31 13213822 2022-03-31 13213822 bus:Director2 2022-04-01 2023-03-31 13213822 core:WithinOneYear 2023-03-31 13213822 core:WithinOneYear 2022-03-31 13213822 core:ShareCapital 2023-03-31 13213822 core:ShareCapital 2022-03-31 13213822 core:RetainedEarningsAccumulatedLosses 2023-03-31 13213822 core:RetainedEarningsAccumulatedLosses 2022-03-31 13213822 core:CostValuation core:Non-currentFinancialInstruments 2023-03-31 13213822 core:Non-currentFinancialInstruments 2023-03-31 13213822 core:Non-currentFinancialInstruments 2022-03-31 13213822 bus:SmallEntities 2022-04-01 2023-03-31 13213822 bus:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 13213822 bus:FullAccounts 2022-04-01 2023-03-31 13213822 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 13213822 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 13213822 core:OtherRelatedParties 2022-04-01 2023-03-31
COMPANY REGISTRATION NUMBER: 13213822
Roman Investments Property Holdings Ltd
Filleted Unaudited Financial Statements
31 March 2023
Roman Investments Property Holdings Ltd
Statement of Financial Position
31 March 2023
2023
2022
Note
£
£
Fixed assets
Investments
4
8,190,750
8,190,750
Current assets
Debtors
5
6
6
Creditors: amounts falling due within one year
6
( 7,303,750)
( 7,459,150)
-------------
-------------
Net current liabilities
( 7,303,744)
( 7,459,144)
-------------
-------------
Total assets less current liabilities
887,006
731,606
----------
----------
Net assets
887,006
731,606
----------
----------
Capital and reserves
Called up share capital
6
6
Profit and loss account
887,000
731,600
----------
----------
Shareholders funds
887,006
731,606
----------
----------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 March 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 5 March 2024 , and are signed on behalf of the board by:
Mr B D Rosenberg
Director
Company registration number: 13213822
Roman Investments Property Holdings Ltd
Notes to the Financial Statements
Year ended 31 March 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1 Bridge Lane, London, NW11 0EA.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Revenue recognition
Turnover represents income from its subsidiary undertaking.
Investments
Investments in subsidiaries are included in the balance sheet at cost.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4. Investments
Shares in group undertakings
£
Cost
At 1 April 2022 and 31 March 2023
8,190,750
-------------
Impairment
At 1 April 2022 and 31 March 2023
-------------
Carrying amount
At 31 March 2023
8,190,750
-------------
At 31 March 2022
8,190,750
-------------
5. Debtors
2023
2022
£
£
Other debtors
6
6
----
----
6. Creditors: amounts falling due within one year
2023
2022
£
£
Amounts owed to group undertakings
1,615,205
1,486,605
Other creditors
5,688,545
5,972,545
-------------
-------------
7,303,750
7,459,150
-------------
-------------
7. Related party transactions
Other creditors includes £3,875,345 (2022: £5,604,145) due to one of the shareholders. The loan is interest free and repayable on demand.