Caseware UK (AP4) 2024.0.164 2024.0.164 2024-10-312024-10-31No description of principal activityfalse2023-11-01false00truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05616122 2023-11-01 2024-10-31 05616122 2022-11-01 2023-10-31 05616122 2024-10-31 05616122 2023-10-31 05616122 c:Director1 2023-11-01 2024-10-31 05616122 d:PlantMachinery 2023-11-01 2024-10-31 05616122 d:PlantMachinery 2024-10-31 05616122 d:PlantMachinery 2023-10-31 05616122 d:CurrentFinancialInstruments 2024-10-31 05616122 d:CurrentFinancialInstruments 2023-10-31 05616122 d:Non-currentFinancialInstruments 2024-10-31 05616122 d:Non-currentFinancialInstruments 2023-10-31 05616122 d:CurrentFinancialInstruments d:WithinOneYear 2024-10-31 05616122 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 05616122 d:Non-currentFinancialInstruments d:AfterOneYear 2024-10-31 05616122 d:Non-currentFinancialInstruments d:AfterOneYear 2023-10-31 05616122 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-10-31 05616122 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-10-31 05616122 d:ShareCapital 2024-10-31 05616122 d:ShareCapital 2023-10-31 05616122 d:RetainedEarningsAccumulatedLosses 2024-10-31 05616122 d:RetainedEarningsAccumulatedLosses 2023-10-31 05616122 c:OrdinaryShareClass1 2023-11-01 2024-10-31 05616122 c:OrdinaryShareClass1 2024-10-31 05616122 c:OrdinaryShareClass1 2023-10-31 05616122 c:FRS102 2023-11-01 2024-10-31 05616122 c:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 05616122 c:FullAccounts 2023-11-01 2024-10-31 05616122 c:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 05616122 d:Subsidiary1 2023-11-01 2024-10-31 05616122 d:Subsidiary1 1 2023-11-01 2024-10-31 05616122 d:Subsidiary2 2023-11-01 2024-10-31 05616122 d:Subsidiary2 1 2023-11-01 2024-10-31 05616122 d:Subsidiary3 2023-11-01 2024-10-31 05616122 d:Subsidiary3 1 2023-11-01 2024-10-31 05616122 d:Subsidiary4 2023-11-01 2024-10-31 05616122 d:Subsidiary4 1 2023-11-01 2024-10-31 05616122 2 2023-11-01 2024-10-31 05616122 6 2023-11-01 2024-10-31 05616122 e:PoundSterling 2023-11-01 2024-10-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 05616122









ROMARONG GROUP LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

 
ROMARONG GROUP LIMITED
REGISTERED NUMBER: 05616122

BALANCE SHEET
AS AT 31 OCTOBER 2024

2024
2023
Note
£
£

FIXED ASSETS
  

Investments
 5 
4
4

  
4
4

CURRENT ASSETS
  

Stocks
 6 
95,200
95,200

Debtors: amounts falling due within one year
 7 
114,241
93,504

Cash at bank and in hand
 8 
26
960

  
209,467
189,664

Creditors: amounts falling due within one year
 9 
(69,002)
(25,030)

NET CURRENT ASSETS
  
 
 
140,465
 
 
164,634

TOTAL ASSETS LESS CURRENT LIABILITIES
  
140,469
164,638

Creditors: amounts falling due after more than one year
 10 
(115,627)
(124,473)

NET ASSETS
  
24,842
40,165


CAPITAL AND RESERVES
  

Called up share capital 
 12 
1
1

Profit and loss account
  
24,841
40,164

  
24,842
40,165


Page 1

 
ROMARONG GROUP LIMITED
REGISTERED NUMBER: 05616122
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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 financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Dr O B Cole
Director

Date: 21 July 2025

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
ROMARONG GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.


GENERAL INFORMATION

Romarong Group Limited (the 'Company') is a private company limited by shares and incorporated in England and Wales. Its registered office address is Salisbury House, Station Road, Cambridge, CB1 2LA. Its principal place of business is 337 Histon Road, Cambridge, CB4 3NF.
The Company's functional and presentational currency is GBP.

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

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 following principal accounting policies have been applied:

 
2.2

EXEMPTION FROM PREPARING CONSOLIDATED FINANCIAL STATEMENTS

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

 
2.3

TURNOVER

Turnover comprises revenue recognised by the Company in respect of property rental  services during the year, exclusive of Value Added Tax. Rental and consultancy revenue is recognised as the fair value of the consideration received or receivable and is recognised in the period to which the rent relates and services are supplied.

 
2.4

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Equipment and furniture
-
20% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 3

 
ROMARONG GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.5

INTEREST INCOME

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

VALUATION OF INVESTMENTS

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.7

STOCKS

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the Profit and Loss Account.

 
2.8

DEBTORS

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

CREDITORS

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.

 
2.11

FINANCE COSTS

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.


3.


EMPLOYEES

The Company has no employees other than the directors, who did not receive any remuneration (2023 - £NIL).

Page 4

 
ROMARONG GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

4.


TANGIBLE FIXED ASSETS





Equipment and furniture

£



COST


At 1 November 2023
1,923



At 31 October 2024

1,923



DEPRECIATION


At 1 November 2023
1,923



At 31 October 2024

1,923



NET BOOK VALUE



At 31 October 2024
-



At 31 October 2023
-

Page 5

 
ROMARONG GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

5.


FIXED ASSET INVESTMENTS





Investments in subsidiary companies

£



COST


At 1 November 2023
4



At 31 October 2024
4





SUBSIDIARY UNDERTAKINGS


The following were subsidiary undertakings of the Company:

Name

Registered office

Class of shares

Holding

Romarong Properties Limited
(a)
Ordinary
100%
Romarong Investments Limited *
(a)
Ordinary
100%
Barakat Global Limited *
(a)
Ordinary
100%
AfricanFire Limited *
(a)
Ordinary
100%

* dormant
(a) Salisbury House, Station Road, Cambridge, CB1 2LA


6.


STOCKS

2024
2023
£
£

Goods held for resale
95,200
95,200

95,200
95,200


Page 6

 
ROMARONG GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

7.


DEBTORS

2024
2023
£
£

Amounts owed by group undertakings
113,344
92,504

Other debtors
897
1,000

114,241
93,504


Amounts owed to group undertakings are unsecured, interest free and repayable on demand.


8.


CASH AND CASH EQUIVALENTS

2024
2023
£
£

Cash at bank and in hand
26
960

Less: bank overdrafts
(282)
-

(256)
960



9.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Bank overdrafts
282
-

Bank loans (see Note 11)
8,265
8,062

Trade creditors
5,350
2,976

Amounts owed to group undertakings
3
3

Corporation tax
7,237
10,659

Other creditors
44,365
-

Accruals
3,500
3,330

69,002
25,030


Amounts owed to group undertakings are unsecured, interest free and repayable on demand.

Page 7

 
ROMARONG GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

10.


CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024
2023
£
£

Bank loans (see Note 11)
5,627
13,892

Other creditors
110,000
110,581

115,627
124,473



11.


LOANS


Analysis of the maturity of loans is given below:


2024
2023
£
£

AMOUNTS FALLING DUE WITHIN ONE YEAR

Bank loans
8,265
8,062


8,265
8,062

AMOUNTS FALLING DUE 1-2 YEARS

Bank loans
5,627
13,892


5,627
13,892



13,892
21,954


Bank loans represent a Government backed 'Bounce Back Loan' which was drawn down in May 2020. This loan is 100% guaranteed by the government and there were no fees or interest payable in the first 12 months. After this initial 12 month period, interest was charged at a fixed rate of 2.5% per annum.


12.


SHARE CAPITAL

2024
2023
£
£
ALLOTTED, CALLED UP AND FULLY PAID



1 (2023 - 1) Ordinary share of £1.00
1
1


 
Page 8