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REGISTERED NUMBER: 12051653 (England and Wales)










Room 4 You Investments Ltd

Unaudited Financial Statements

for the Period 1 July 2022 to 29 June 2023






Room 4 You Investments Ltd (Registered number: 12051653)






Contents of the Financial Statements
for the Period 1 July 2022 to 29 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Room 4 You Investments Ltd

Company Information
for the Period 1 July 2022 to 29 June 2023







DIRECTORS: Mrs Ivayla Georgieva Drumeva
Mr George Drumev





REGISTERED OFFICE: 31 Sackville Street
Manchester
England
M1 3LZ





REGISTERED NUMBER: 12051653 (England and Wales)






Room 4 You Investments Ltd (Registered number: 12051653)

Balance Sheet
29 June 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 5 6,322 7,903

CURRENT ASSETS
Cash at bank 597 2,995

CREDITORS
Amounts falling due within one year 6 (95,958 ) (90,237 )
NET CURRENT LIABILITIES (95,361 ) (87,242 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(89,039

)

(79,339

)

CREDITORS
Amounts falling due after more than one year 7 (5,654 ) (6,804 )
NET LIABILITIES (94,693 ) (86,143 )

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings (94,793 ) (86,243 )
SHAREHOLDERS' FUNDS (94,693 ) (86,143 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 June 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 June 2023 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 September 2024 and were signed on its behalf by:





Mrs Ivayla Georgieva Drumeva - Director


Room 4 You Investments Ltd (Registered number: 12051653)

Notes to the Financial Statements
for the Period 1 July 2022 to 29 June 2023

1. GENERAL INFORMATION

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
31 Sackville Street
Manchester
England
M13LZ

2. 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).

3. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
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.

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.

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.

DEPRECIATION
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class Depreciation method and rate
Fixtures and fittings 20% reducing balance basis

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.

Room 4 You Investments Ltd (Registered number: 12051653)

Notes to the Financial Statements - continued
for the Period 1 July 2022 to 29 June 2023

3. ACCOUNTING POLICIES - continued

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.

SHARE CAPITAL
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis

4. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2022 - 2 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 July 2022
and 29 June 2023 15,224
DEPRECIATION
At 1 July 2022 7,321
Charge for period 1,581
At 29 June 2023 8,902
NET BOOK VALUE
At 29 June 2023 6,322
At 30 June 2022 7,903

Room 4 You Investments Ltd (Registered number: 12051653)

Notes to the Financial Statements - continued
for the Period 1 July 2022 to 29 June 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 2,130 1,933
Corporation tax 100 -
Other creditors 894 122
Directors' current accounts 91,784 87,222
Accruals 1,050 960
95,958 90,237

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 2-5 years 5,654 6,804

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary shares 1 100 100