Registered number
OC316378
Roma Property Holdings LLP
Filleted Accounts
31 March 2024
Roma Property Holdings LLP
Registered number: OC316378
Balance Sheet
as at 31 March 2024
Notes 2024 2023
EUR EUR
Fixed assets
Investments 3 1,000,000 1,000,000
Current assets
Debtors 4 1,439,662 1,370,179
Net current assets 1,439,662 1,370,179
Total assets less current liabilities 2,439,662 2,370,179
Creditors: amounts falling due after more than one year 5 (1,169,804) (1,166,804)
Net assets attributable to members 1,269,858 1,203,375
Represented by:
Members' other interests
Members' capital classified as equity 1,000,000 1,000,000
Other reserves 269,858 203,375
1,269,858 1,203,375
1,269,858 1,203,375
Total members' interests
Members' other interests 1,269,858 1,203,375
1,269,858 1,203,375
For the year ended 31 March 2024 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied to LLPs).
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.
These accounts were approved by the members on 5 November 2024 and signed on their behalf by:
Clambake Limited
Designated member
Roma Property Holdings LLP
Notes to the Accounts
for the year ended 31 March 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) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
Division of profits
Profits are treated as being available for discretionary division only if the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Profits are otherwise automatically divided and included under Members’ remuneration charged as an expense in the profit and loss account.
Taxation
Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
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.
Members' capital
Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital to members, even if that obligation is conditional.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2024 2023
Number Number
Average number of persons employed by the LLP 0 0
3 Fixed asset investments
Other
investments
EUR
Cost
At 1 April 2023 1,000,000
At 31 March 2024 1,000,000
4 Debtors 2024 2023
EUR EUR
Other debtors 1,430,262 1,370,179
Marco Elser - Rent Received Loan 6,400 -
Sir Realty S.r.l - Property Agent Holding Deposit 3,000 -
1,439,662 1,370,179
5 Creditors: amounts falling due after one year 2024 2023
EUR EUR
Other creditors 1,166,804 1,166,804
Deposits Held 3,000 -
1,169,804 1,166,804
6 Other information
Roma Property Holdings LLP is a limited liability partnership incorporated in England. Its registered office is:
Level 5 Nova North
11 Bressenden Place
London
United Kingdom
SW1E 5BY
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