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REGISTERED NUMBER: 07403591 (England and Wales)















Financial Statements for the Year Ended 31 October 2023

for

Roman Summer Associates Ltd

Roman Summer Associates Ltd (Registered number: 07403591)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Roman Summer Associates Ltd

Company Information
for the Year Ended 31 October 2023







DIRECTORS: Mrs C Gee
R Gee





REGISTERED OFFICE: 116 Duke Street
Liverpool
Merseyside
L1 5JW





REGISTERED NUMBER: 07403591 (England and Wales)





ACCOUNTANTS: Cobham Murphy
116 Duke Street
Liverpool
Merseyside
L1 5JW

Roman Summer Associates Ltd (Registered number: 07403591)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,055 3,417

CURRENT ASSETS
Debtors 5 63,841 41,357
Cash at bank 14,102 37,477
77,943 78,834
CREDITORS
Amounts falling due within one year 6 61,244 59,253
NET CURRENT ASSETS 16,699 19,581
TOTAL ASSETS LESS CURRENT
LIABILITIES

17,754

22,998

CREDITORS
Amounts falling due after more than
one year

7

(12,621

)

(19,838

)

PROVISIONS FOR LIABILITIES (264 ) (649 )
NET ASSETS 4,869 2,511

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 4,769 2,411
SHAREHOLDERS' FUNDS 4,869 2,511

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

Roman Summer Associates Ltd (Registered number: 07403591)

Balance Sheet - continued
31 October 2023


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 Board of Directors and authorised for issue on 21 June 2024 and were signed on its behalf by:





Mrs C Gee - Director


Roman Summer Associates Ltd (Registered number: 07403591)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Roman Summer Associates Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

Turnover
Turnover is measured at the fair value of the consultancy fees received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover is recognised when the services are complete.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 15% on cost

Financial instruments
Directors loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

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.

Roman Summer Associates Ltd (Registered number: 07403591)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022
and 31 October 2023 16,035
DEPRECIATION
At 1 November 2022 12,618
Charge for year 2,362
At 31 October 2023 14,980
NET BOOK VALUE
At 31 October 2023 1,055
At 31 October 2022 3,417

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Other debtors 63,841 41,357

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 8,520 8,964
Trade creditors 2,214 2,486
Taxation and social security 42,452 38,753
Other creditors 8,058 9,050
61,244 59,253

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans 12,621 19,838

Roman Summer Associates Ltd (Registered number: 07403591)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

8. TRANSACTIONS WITH DIRECTORS

The directors operate a current account to which transactions of a private nature are charged. Included in debtors at 31st October 2023 is £60,323 owed to the company. The loan is repayable on demand and includes interest at 2% and 2.25%.

9. RELATED PARTY DISCLOSURES

Included in debtors at 31st October 2023 is £446 owed from a related party under common control. The loan is repayable on demand and interest free.