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REGISTERED NUMBER: 13132876 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JANUARY 2024

FOR

ROMAX PROPERTIES LTD

ROMAX PROPERTIES LTD (REGISTERED NUMBER: 13132876)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st January 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ROMAX PROPERTIES LTD

COMPANY INFORMATION
for the Year Ended 31st January 2024







DIRECTOR: Miss M E Kelly





REGISTERED OFFICE: 2046 Bristol Road South
Rednal
Birmingham
B45 9JL





REGISTERED NUMBER: 13132876 (England and Wales)





ACCOUNTANTS: Hayward Wright Ltd
4 Clews Road
Redditch
Worcestershire
B98 7ST

ROMAX PROPERTIES LTD (REGISTERED NUMBER: 13132876)

BALANCE SHEET
31st January 2024

31/1/24 31/1/23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 210,000 210,000

CURRENT ASSETS
Cash at bank 2,393 1,708

CREDITORS
Amounts falling due within one year 5 64,052 58,905
NET CURRENT LIABILITIES (61,659 ) (57,197 )
TOTAL ASSETS LESS CURRENT LIABILITIES 148,341 152,803

CREDITORS
Amounts falling due after more than one
year

6

(99,472

)

(103,160

)

PROVISIONS FOR LIABILITIES 8 (9,285 ) (9,708 )
NET ASSETS 39,584 39,935

CAPITAL AND RESERVES
Called up share capital 9 1 1
Revaluation reserve 10 42,476 42,476
Retained earnings 10 (2,893 ) (2,542 )
SHAREHOLDERS' FUNDS 39,584 39,935

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

ROMAX PROPERTIES LTD (REGISTERED NUMBER: 13132876)

BALANCE SHEET - continued
31st January 2024


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 31st October 2024 and were signed by:





Miss M E Kelly - Director


ROMAX PROPERTIES LTD (REGISTERED NUMBER: 13132876)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st January 2024


1. STATUTORY INFORMATION

Romax Properties 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.

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 as modified by the revaluation of certain assets.

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

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

ROMAX PROPERTIES LTD (REGISTERED NUMBER: 13132876)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st January 2024


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st February 2023
and 31st January 2024 210,000
NET BOOK VALUE
At 31st January 2024 210,000
At 31st January 2023 210,000

Investment property has been revalued at the 31st January 2022.

The Director assessed the market value using information available on the internet in reference to other properties within the area of a similar size and the local market conditions.

The Director believe the revaluation values to be reliable and reasonable.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/24 31/1/23
£    £   
Bank loans and overdrafts (see note 7) 4,425 4,425
Other creditors 49,581 49,581
Directors' loan accounts 9,049 2,999
Accrued expenses 997 1,900
64,052 58,905

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/1/24 31/1/23
£    £   
Bank loans (see note 7) 99,472 103,160

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 81,771 85,459

7. LOANS

An analysis of the maturity of loans is given below:

31/1/24 31/1/23
£    £   
Amounts falling due within one year or on demand:
Bank loans 4,425 4,425

ROMAX PROPERTIES LTD (REGISTERED NUMBER: 13132876)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st January 2024


7. LOANS - continued
31/1/24 31/1/23
£    £   
Amounts falling due between one and two years:
Bank loans - 1-2 years 4,425 4,425

Amounts falling due between two and five years:
Bank loans - 2-5 years 13,276 13,276

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 81,771 85,459

8. PROVISIONS FOR LIABILITIES
31/1/24 31/1/23
£    £   
Deferred tax
Tax losses carried forward (679 ) (256 )
Other timing differences 9,964 9,964
9,285 9,708

Deferred
tax
£   
Balance at 1st February 2023 9,708
Provided during year (423 )
Balance at 31st January 2024 9,285

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/1/24 31/1/23
value: £    £   
1 Ordinary 1. 1 1

ROMAX PROPERTIES LTD (REGISTERED NUMBER: 13132876)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st January 2024


10. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1st February 2023 (2,542 ) 42,476 39,934
Deficit for the year (351 ) (351 )
At 31st January 2024 (2,893 ) 42,476 39,583

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Miss M E Kelly.