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REGISTERED NUMBER: 11098730 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

ROMANS WAY PROPERTIES LIMITED

ROMANS WAY PROPERTIES LIMITED (REGISTERED NUMBER: 11098730)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ROMANS WAY PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: R G MacDowall





REGISTERED OFFICE: The Old Clydesdale Stud
Tarraby
Carlisle
Cumbria
CA3 0JS





REGISTERED NUMBER: 11098730 (England and Wales)





ACCOUNTANTS: Christian Douglass Accountants Limited
Chartered Accountants
The Old Stables
Edenhall
Penrith
CA11 8ST

ROMANS WAY PROPERTIES LIMITED (REGISTERED NUMBER: 11098730)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Investments 4 1 1
Investment property 5 1,212,524 1,212,524
1,212,525 1,212,525

CURRENT ASSETS
Debtors 6 11,396 7,710
Cash at bank 45,941 29,285
57,337 36,995
CREDITORS
Amounts falling due within one year 7 5,752 4,358
NET CURRENT ASSETS 51,585 32,637
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,264,110

1,245,162

CREDITORS
Amounts falling due after more than one
year

8

1,185,376

1,184,126
NET ASSETS 78,734 61,036

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 78,732 61,034
SHAREHOLDERS' FUNDS 78,734 61,036

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 September 2024 and were signed by:





R G MacDowall - Director


ROMANS WAY PROPERTIES LIMITED (REGISTERED NUMBER: 11098730)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Romans Way Properties Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 11098730 and its registered office is The Old Clydesdale Stud, Tarraby, Carlisle, CA3 0JS.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investments in associates
Investments in associate undertakings are recognised at cost.

Investment property
Investment properties are included in the balance sheet at fair value. Any aggregated surplus or deficit arising from movements in fair value are charged to the profit and loss.

Depreciation is not provided in respect of investment properties. Although this accounting policy is in accordance with the Financial Reporting Standard 102, it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

ROMANS WAY PROPERTIES LIMITED (REGISTERED NUMBER: 11098730)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST
At 1 January 2023
and 31 December 2023 1
NET BOOK VALUE
At 31 December 2023 1
At 31 December 2022 1

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 1,212,524
NET BOOK VALUE
At 31 December 2023 1,212,524
At 31 December 2022 1,212,524

Investment property is at fair value. The property was valued by the director as at 31 December 2023 and the carrying value was deemed to represent open market value at the balance sheet date.

6. DEBTORS
31.12.23 31.12.22
£    £   
Amounts falling due within one year:
Other debtors 4,202 516

Amounts falling due after more than one year:
Other debtors 7,194 7,194

Aggregate amounts 11,396 7,710

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Taxation and social security 4,152 2,758
Other creditors 1,600 1,600
5,752 4,358

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Other creditors 1,185,376 1,184,126