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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
Page
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Roam Foods Ltd Statement of financial position as at 30 November 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
27,446 
- 
Current assets
Inventories
21,238 
14,052 
Debtors
27,237 
13,906 
Cash at bank and in hand
44,543 
4,168 
93,018 
32,126 
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)
Capital and reserves
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
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Roam Foods Ltd Notes to the Accounts for the year ended 30 November 2024
1
Statutory information
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.
2
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Intangible fixed assets
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
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.
Foreign exchange
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.
Financial instruments
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.
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Roam Foods Ltd Notes to the Accounts for the year ended 30 November 2024
Going concern
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.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 December 2023
- 
Additions
30,877 
At 30 November 2024
30,877 
Amortisation
At 1 December 2023
- 
Charge for the year
3,431 
At 30 November 2024
3,431 
Net book value
At 30 November 2024
27,446 
5
Inventories
2024 
2023 
£ 
£ 
Finished goods
21,238 
14,052 
21,238 
14,052 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
9,759 
3,748 
Trade debtors
2,231 
894 
Accrued income and prepayments
11,233 
7,951 
Other debtors
4,014 
1,313 
27,237 
13,906 
7
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 
545,208 
147,819 
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Roam Foods Ltd Notes to the Accounts for the year ended 30 November 2024
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
41,840 
48,524 
Aggregate of amounts that fall due for payment after five years
5,864 
13,684 
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
795 Ordinary shares of £1 each
795 
795 
10
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.
11
Controlling party
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.
12
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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