IRIS Accounts Production v25.1.0.734 01411887 Board of Directors 1.3.24 28.2.25 28.2.25 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh014118872024-02-29014118872025-02-28014118872024-03-012025-02-28014118872023-02-28014118872023-03-012024-02-29014118872024-02-2901411887ns15:EnglandWales2024-03-012025-02-2801411887ns14:PoundSterling2024-03-012025-02-2801411887ns10:Director12024-03-012025-02-2801411887ns10:PrivateLimitedCompanyLtd2024-03-012025-02-2801411887ns10:SmallEntities2024-03-012025-02-2801411887ns10:AuditExempt-NoAccountantsReport2024-03-012025-02-2801411887ns10:SmallCompaniesRegimeForDirectorsReport2024-03-012025-02-2801411887ns10:SmallCompaniesRegimeForAccounts2024-03-012025-02-2801411887ns10:AbridgedAccounts2024-03-012025-02-2801411887ns10:OrdinaryShareClass12024-03-012025-02-2801411887ns5:CurrentFinancialInstruments2025-02-2801411887ns5:CurrentFinancialInstruments2024-02-2901411887ns5:ShareCapital2025-02-2801411887ns5:ShareCapital2024-02-2901411887ns5:RetainedEarningsAccumulatedLosses2025-02-2801411887ns5:RetainedEarningsAccumulatedLosses2024-02-2901411887ns10:RegisteredOffice2024-03-012025-02-2801411887ns5:PlantMachinery2024-03-012025-02-2801411887ns10:OrdinaryShareClass12025-02-28
REGISTERED NUMBER: 01411887 (England and Wales)















ROMAKE LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025






ROMAKE LIMITED (REGISTERED NUMBER: 01411887)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 28 February 2025










Page

Abridged Balance Sheet 1 to 2

Notes to the Financial Statements 3 to 5


ROMAKE LIMITED (REGISTERED NUMBER: 01411887)

ABRIDGED BALANCE SHEET
28 February 2025

2025 2024
Notes £    £   
FIXED ASSETS
Tangible assets 4 260,770 242,433
Investment property 5 5,988,107 5,463,107
6,248,877 5,705,540

CURRENT ASSETS
Stocks 1,009 2,785
Debtors 54,729 46,562
Cash at bank and in hand 2,700,492 2,306,734
2,756,230 2,356,081
CREDITORS
Amounts falling due within one year (220,307 ) (138,451 )
NET CURRENT ASSETS 2,535,923 2,217,630
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,784,800

7,923,170

PROVISIONS FOR LIABILITIES (402,822 ) (263,463 )
NET ASSETS 8,381,978 7,659,707

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 8,381,878 7,659,607
SHAREHOLDERS' FUNDS 8,381,978 7,659,707

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

ROMAKE LIMITED (REGISTERED NUMBER: 01411887)

ABRIDGED BALANCE SHEET - continued
28 February 2025


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 28 February 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 April 2025 and were signed on its behalf by:





Mr J H K Kerr - Director


ROMAKE LIMITED (REGISTERED NUMBER: 01411887)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 28 February 2025


1. STATUTORY INFORMATION

Romake Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 01411887

Registered office: Leawood Farm Business Centre
Snitterton
Matlock
Derbyshire
DE4 2JG

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The financial statements have been prepared on the going concern basis. No material uncertainties that may cast significant doubt about the ability of the company to continue as a going concern have been identified by the directors.

Turnover
Turnover represents rents, service charges and goods sold, net of value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and at varying rates on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


ROMAKE LIMITED (REGISTERED NUMBER: 01411887)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 28 February 2025


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 9 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2024 485,036
Additions 44,654
At 28 February 2025 529,690
DEPRECIATION
At 1 March 2024 242,603
Charge for year 26,317
At 28 February 2025 268,920
NET BOOK VALUE
At 28 February 2025 260,770
At 29 February 2024 242,433

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2024 5,463,107
Revaluations 525,000
At 28 February 2025 5,988,107
NET BOOK VALUE
At 28 February 2025 5,988,107
At 29 February 2024 5,463,107

ROMAKE LIMITED (REGISTERED NUMBER: 01411887)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 28 February 2025


5. INVESTMENT PROPERTY - continued

Fair value at 28 February 2025 is represented by:
£   
Valuation in 2025 2,775,154
Cost 3,212,953
5,988,107

If investment properties had not been revalued they would have been included at the following historical cost:

2025 2024
£    £   
Cost 3,212,953 3,212,953

Investment properties were valued on an open market basis on 28 February 2025 by Mr JHK Kerr, FRICS .

6. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2025 2024
value: £    £   
100 Ordinary £1 100 100

7. RELATED PARTY DISCLOSURES

Mr JHK Kerr provides services to the company as managing agent for commercial properties. In the year to 28 February 2025, fees paid to Mr Kerr amounted to £1,379 (2024: £1,307).

8. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors, by virtue of their shareholdings

9. RETAINED EARNINGS RESERVE

Retained earnings include surpluses on the fair valuations of the company's investment properties. These amounted to £2,432,487 (2024: £2,043,737). These amounts are not available for distribution.