Company Registration No. 12299630 (England and Wales)
Roam Foods Ltd
Unaudited accounts
for the year ended 30 November 2024
Roam Foods Ltd
Unaudited accounts
Contents
Roam Foods Ltd
Statement of financial position
as at 30 November 2024
Intangible assets
27,446
-
Cash at bank and in hand
44,543
4,168
Creditors: amounts falling due within one year
(545,208)
(147,819)
Net current liabilities
(452,190)
(115,693)
Total assets less current liabilities
(424,744)
(115,693)
Creditors: amounts falling due after more than one year
(41,840)
(48,524)
Net liabilities
(466,584)
(164,217)
Called up share capital
795
795
Profit and loss account
(467,379)
(165,012)
Shareholders' funds
(466,584)
(164,217)
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 20 January 2025 and were signed on its behalf by
Matthew McEntegart
Director
Company Registration No. 12299630
Roam Foods Ltd
Notes to the Accounts
for the year ended 30 November 2024
Roam Foods Ltd is a private company, limited by shares, registered in England and Wales, registration number 12299630. The registered office is 20-22 Wenlock Road, London, N1 7GU.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Intangible fixed assets are included at cost less accumulated amortisation.
Amortisation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives using the
straight line method:
Platform development - 3 years.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Roam Foods Ltd
Notes to the Accounts
for the year ended 30 November 2024
After reviewing the company’s forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
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Intangible fixed assets
Other
At 30 November 2024
30,877
At 30 November 2024
27,446
Finished goods
21,238
14,052
Amounts falling due within one year
Accrued income and prepayments
11,233
7,951
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Creditors: amounts falling due within one year
2024
2023
Trade creditors
22,870
17,666
Amounts owed to group undertakings and other participating interests
517,587
125,650
Taxes and social security
1,029
-
Loans from directors
3,722
4,503
Roam Foods Ltd
Notes to the Accounts
for the year ended 30 November 2024
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Creditors: amounts falling due after more than one year
2024
2023
Aggregate of amounts that fall due for payment after five years
5,864
13,684
Allotted, called up and fully paid:
795 Ordinary shares of £1 each
795
795
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Transactions with related parties
Directors have provided funding to the Company in the form of directors loans. The loans are unsecured and without any charge on the assets of the Company, repayable on demand and non-interest bearing.
The Company has received loan advances from its parent and fellow subsidiary, such loans are unsecured, interest-free, have no fixed date of repayment and are repayable on demand.
The company is a subsidiary of 20Five Holdings Limited which is the ultimate parent undertaking, whose registered office is at 20-22 Wenlock Road, London, N1 7GU. 20Five Holdings Limited does not produce consolidated group accounts. The ultimate controlling party is Mr M McEntegart.
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Average number of employees
During the year the average number of employees was 2 (2023: 2).