Roman Tavast Ltd
Unaudited Financial Statements
For the year ended 31 December 2024
Pages for Filing with Registrar
Company Registration No. 09178594 (England and Wales)
Roman Tavast Ltd
Company Information
Director
Mr E Maiväli
Company number
09178594
Registered office
Orbital House
20 Eastern Road
Romford
Essex
RM1 3PJ
Accountants
Moore Kingston Smith LLP
Orbital House
20 Eastern Road
Romford
Essex
RM1 3PJ
Roman Tavast Ltd
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 4
Roman Tavast Ltd
Balance Sheet
As at 31 December 2024
Page 1
2024
2023
Notes
£
£
£
£
Current assets
Debtors
3
574
18,432
Cash at bank and in hand
3,716
84,905
4,290
103,337
Creditors: amounts falling due within one year
4
(12,477)
(100,698)
Net current (liabilities)/assets
(8,187)
2,639
Capital and reserves
Called up share capital
5
1,000
1,000
Profit and loss reserves
(9,187)
1,639
Total equity
(8,187)
2,639

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 10 April 2025
Mr E  Maiväli
Director
Company Registration No. 09178594
Roman Tavast Ltd
Notes to the Financial Statements
For the year ended 31 December 2024
Page 2
1
Accounting policies
Company information

Roman Tavast Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Orbital House, 20 Eastern Road, Romford, Essex, RM1 3PJ.

1.1
Accounting convention

These financial statements have been prepared in accordance with Section 1A of FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

At the year end the company's balance sheet shows an excess of liabilities over assets. The company meets its working capital requirements through the continued financial support of its parent company. For this reason, the director believes it is appropriate for these financial statements to be prepared on a going concern basis.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods provided in the normal course of business, and is shown net of VAT and other sales related taxes.

1.4
Cash at bank and in hand

Cash at bank and in hand are basic financial assets and include cash in hand and deposits held at call with banks.

1.5
Financial instruments

The company has only basic financial instruments measured at amortised cost.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

1.7
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

Roman Tavast Ltd
Notes to the Financial Statements (Continued)
For the year ended 31 December 2024
Page 3
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was 1 (2023:1).

3
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
114
18,216
Corporation tax recoverable
460
-
0
Prepayments and accrued income
-
0
216
574
18,432
4
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
-
0
3,084
Trade creditors
813
679
Amounts owed to group undertakings
5,093
77,054
Corporation tax
-
0
460
Other taxation and social security
2,819
16,915
Other creditors
567
567
Accruals and deferred income
3,185
1,939
12,477
100,698
5
Called up share capital
2024
2023
Ordinary share capital
£
£
Issued and fully paid
1,000 Ordinary shares of £1 each
1,000
1,000
Roman Tavast Ltd
Notes to the Financial Statements (Continued)
For the year ended 31 December 2024
Page 4
6
Related party transactions

Included in other creditors is an amount of £5,093 (2023: £77,054) owed to its parent company Roman Tavast Estonia. The financial statements also include purchases from Roman Tavast Estonia of £218,065 (2023: £274,106).

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