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Registered number: 09065301
Roomnettv Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
MTM
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 09065301
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 50,876 66,746
50,876 66,746
CURRENT ASSETS
Stocks 5 11,307 12,549
Debtors 6 845,192 763,450
Cash at bank and in hand 62,464 88,591
918,963 864,590
Creditors: Amounts Falling Due Within One Year 7 (445,499 ) (352,119 )
NET CURRENT ASSETS (LIABILITIES) 473,464 512,471
TOTAL ASSETS LESS CURRENT LIABILITIES 524,340 579,217
Creditors: Amounts Falling Due After More Than One Year 8 (97,285 ) (15,899 )
NET ASSETS 427,055 563,318
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 426,955 563,218
SHAREHOLDERS' FUNDS 427,055 563,318
Page 1
Page 2
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Darren King
Director
30/05/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Roomnettv Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09065301 . The registered office is Unit C8, Grove Business Park, Downsview Road, Wantage, Oxfordshire, OX12 9FA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold Over the lease term
Plant & Machinery 33% on cost
Motor Vehicles 25% on cost
Fixtures & Fittings 33% on cost
Computer Equipment 25% on cost
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Foreign Currencies
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 rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 12 (2023: 11)
12 11
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4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 January 2024 40,445 4,193 7,500 21,481
Additions 2,144 - - 433
As at 31 December 2024 42,589 4,193 7,500 21,914
Depreciation
As at 1 January 2024 9,518 4,193 1,875 9,156
Provided during the period 8,483 - 1,875 6,531
As at 31 December 2024 18,001 4,193 3,750 15,687
Net Book Value
As at 31 December 2024 24,588 - 3,750 6,227
As at 1 January 2024 30,927 - 5,625 12,325
Computer Equipment Total
£ £
Cost
As at 1 January 2024 67,447 141,066
Additions 8,865 11,442
As at 31 December 2024 76,312 152,508
Depreciation
As at 1 January 2024 49,578 74,320
Provided during the period 10,423 27,312
As at 31 December 2024 60,001 101,632
Net Book Value
As at 31 December 2024 16,311 50,876
As at 1 January 2024 17,869 66,746
5. Stocks
2024 2023
£ £
Finished goods 11,307 12,549
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 751,059 660,853
Prepayments and accrued income 26,371 48,059
Other debtors 24,084 23,500
VAT - 31,038
Amounts owed by associates 24,393 -
825,907 763,450
Due after more than one year
Amounts owed by associates 19,285 -
845,192 763,450
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 208,726 286,132
Bank loans and overdrafts 86,102 9,872
Other taxes and social security 9,781 -
VAT 14,792 -
Other creditors 1,937 2,753
Accruals and deferred income 123,874 53,340
Director's loan account 287 22
445,499 352,119
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 97,285 15,899
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 78,430 155,987
Later than one year and not later than five years 172,333 221,962
Later than five years 67,203 96,004
317,966 473,953
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11. Related Party Transactions
Included within trade debtors is £141,722 (2023: £141,722) owed by Roomnettv LLC, a company jointly controlled by the director of Roomnettv Ltd. 
Included within trade creditors is £26,943 (2023: £26,943) owed to Roomnettv LLC, a company jointly controlled by the director of Roomnettv Ltd.
Included within trade creditors is £9,700 (2023: £Nil) owed to Roomnet Middle East, a company controlled by the director of Roomnettv Ltd. 
Included within cost of sales is £Nil (2023: £12,401) of purchase activity with Roomnettv LLC, a company jointly controlled by the director of Roomnettv Ltd. 
Included within cost of sales is £183,931 (2023: £Nil) of purchase activity, including management charges, with Roomnet Middle East, a company controlled by the director of Roomnettv Ltd.
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