Registered number
11190998
Roomolo Limited
Filleted Accounts
31 January 2024
Roomolo Limited
Registered number: 11190998
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Net current assets - -
Net assets - -
Capital and reserves
Called up share capital 100 100
Profit and loss account (100) (100)
Shareholders' funds - -
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A Stannard
Director
Approved by the board on 21 October 2024
Roomolo Limited
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Intangible fixed assets £
Research and developments costs
Cost
At 1 February 2023 41,072
At 31 January 2024 41,072
Amortisation
At 1 February 2023 41,072
At 31 January 2024 41,072
Net book value
At 31 January 2024 -
Additions relate to the capitalisation of research and developments costs relating to the building of its own online hotel booking system and has been fully amortised.
4 Related party note
During the year the company charged management fees of £Nil (2023: £6,500 to Opendoor Limited, a company in which Mr P Stannard are Directors.
5 Other information
Roomolo Limited is a private company limited by shares and incorporated in England. Its registered office is:
Cumberland House
24-28 Baxter Avenue
Southend on Sea
Essex
SS2 6HZ
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