ROOMS OUTDOOR HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024
Rooms Outdoor Holdings Limited is a private company, limited by shares, incorporated in England and Wales in the United Kingdom. The address of the registered office is 6th Floor, 2 London Wall Place, London, EC2Y 5AU. The principal activity of the company is that of a holding company.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are presented in pounds sterling, the functional currency, rounded to the nearest £1.
Rooms Outdoor Holdings Limited is the parent company of a small group. It is not required to prepare and it has not prepared consolidated financial statements. These financial statements are those of the company, not the group.
The company had net current liabilities of £100 (2023 - £100) at the balance sheet date, with net assets of £Nil (2023 - £Nil). The financial statements have been prepared on a going concern basis as the director and shareholder has confirmed their willingness and ability to support the company for at least twelve months from the date of approval of the financial statements.
The following principal accounting policies have been applied:
Investments in subsidiaries are measured at cost less accumulated impairment.
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
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The average monthly number of employees, including directors, during the period was 1 (2023 - 1).
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