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REGISTERED NUMBER: 03023821 (England and Wales)















Financial Statements

for the Year Ended 31 October 2024

for

Romex Limited

Romex Limited (Registered number: 03023821)

Contents of the Financial Statements
for the year ended 31 October 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Romex Limited

Company Information
for the year ended 31 October 2024







DIRECTOR: Mr D Patel





REGISTERED OFFICE: Maple House
382 Kenton Road
Kenton, Harrow
Middlesex
HA3 9DP





REGISTERED NUMBER: 03023821 (England and Wales)





ACCOUNTANTS: KBMD Limited
Chartered Certified Accountants
Maple House
382 Kenton Road
Harrow
Middlesex
HA3 9DP

Romex Limited (Registered number: 03023821)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £ £
FIXED ASSETS
Tangible assets 4 1,866,044 1,934,383

CURRENT ASSETS
Debtors 5 39,530 19,426
Cash at bank 96,900 129,025
136,430 148,451
CREDITORS
Amounts falling due within one year 6 (190,681 ) (174,877 )
NET CURRENT LIABILITIES (54,251 ) (26,426 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,811,793

1,907,957

CREDITORS
Amounts falling due after more than one
year

7

(882,182

)

(946,891

)
NET ASSETS 929,611 961,066

CAPITAL AND RESERVES
Called up share capital 20,000 20,000
Revaluation reserve 8 597,767 597,767
Retained earnings 311,844 343,299
SHAREHOLDERS' FUNDS 929,611 961,066

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Romex Limited (Registered number: 03023821)

Balance Sheet - continued
31 October 2024


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

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

The financial statements were approved by the director and authorised for issue on 30 April 2025 and were signed by:





Mr D Patel - Director


Romex Limited (Registered number: 03023821)

Notes to the Financial Statements
for the year ended 31 October 2024


1. STATUTORY INFORMATION

Romex Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover
Turnover represents rents received exclusive 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.
Freehold property - Not depreciated
Improvements to property - 15% on cost
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Improvements Plant and and
property to property machinery fittings Totals
£ £ £ £ £
COST
At 1 November 2023
and 31 October 2024 1,751,250 213,590 37,000 139,006 2,140,846
DEPRECIATION
At 1 November 2023 - 89,112 5,396 111,955 206,463
Charge for year - 32,038 9,250 27,051 68,339
At 31 October 2024 - 121,150 14,646 139,006 274,802
NET BOOK VALUE
At 31 October 2024 1,751,250 92,440 22,354 - 1,866,044
At 31 October 2023 1,751,250 124,478 31,604 27,051 1,934,383

Romex Limited (Registered number: 03023821)

Notes to the Financial Statements - continued
for the year ended 31 October 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£ £
Trade debtors 39,530 19,426

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£ £
Bank loans and overdrafts 144,927 144,927
Tax 13,108 5,869
VAT 13,977 13,833
Rent prepaid 7,083 7,499
Directors' current accounts 9,381 649
Accrued expenses 2,205 2,100
190,681 174,877

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.24 31.10.23
£ £
Bank loans - 1-2 years 277,098 289,854
Bank loans - 2-5 years 605,084 657,037
882,182 946,891

8. RESERVES
Revaluation
reserve
£
At 1 November 2023
and 31 October 2024 597,767

9. RELATED PARTY DISCLOSURES

The related party balance represents monies owing from a company under common control.

10. FAIR VALUE RESERVE

The freehold property was revalued by the director on 1 January 2007 at a open market value.