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REGISTERED NUMBER: 05888753 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

ROMANY LIMITED

ROMANY LIMITED (REGISTERED NUMBER: 05888753)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ROMANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: D Vithlani
M Patel
V M Manek
O R Quraishi
Mrs S Nathwani





SECRETARIES: D Vithlani
K Samani





REGISTERED OFFICE: 114-116 Goodmayes Road
Ilford
Essex
IG3 9UZ





REGISTERED NUMBER: 05888753 (England and Wales)





ACCOUNTANTS: Ashfords Partnership LLP
114 - 116 Goodmayes Road
Ilford
Essex
IG3 9UZ

ROMANY LIMITED (REGISTERED NUMBER: 05888753)

BALANCE SHEET
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 1,838,187 1,939,621

CURRENT ASSETS
Debtors 5 69,118 82,595
Cash at bank and in hand 55,445 68,356
124,563 150,951
CREDITORS
Amounts falling due within one year 6 236,289 172,410
NET CURRENT LIABILITIES (111,726 ) (21,459 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,726,461

1,918,162

CREDITORS
Amounts falling due after more than one
year

7

105,653

220,268
NET ASSETS 1,620,808 1,697,894

CAPITAL AND RESERVES
Called up share capital 9 900 900
Retained earnings 10 1,619,908 1,696,994
SHAREHOLDERS' FUNDS 1,620,808 1,697,894

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

ROMANY LIMITED (REGISTERED NUMBER: 05888753)

BALANCE SHEET - continued
31 DECEMBER 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 Board of Directors and authorised for issue on 9 June 2025 and were signed on its behalf by:




O R Quraishi - Director



D Vithlani - Director


ROMANY LIMITED (REGISTERED NUMBER: 05888753)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

Romany 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 15% on reducing balance

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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 4 (2023 - 4 ) .

ROMANY LIMITED (REGISTERED NUMBER: 05888753)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


4. TANGIBLE FIXED ASSETS
Freehold Property Plant and
property Development machinery
£    £    £   
COST
At 1 January 2024 2,638,847 69,629 14,397
Disposals (46,834 ) - -
At 31 December 2024 2,592,013 69,629 14,397
DEPRECIATION
At 1 January 2024 786,835 - 13,941
Charge for year 51,840 - 68
At 31 December 2024 838,675 - 14,009
NET BOOK VALUE
At 31 December 2024 1,753,338 69,629 388
At 31 December 2023 1,852,012 69,629 456

Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2024 29,745 1,751 2,754,369
Disposals - - (46,834 )
At 31 December 2024 29,745 1,751 2,707,535
DEPRECIATION
At 1 January 2024 12,858 1,114 814,748
Charge for year 2,533 159 54,600
At 31 December 2024 15,391 1,273 869,348
NET BOOK VALUE
At 31 December 2024 14,354 478 1,838,187
At 31 December 2023 16,887 637 1,939,621

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 69,118 76,279
VAT - 6,316
69,118 82,595

ROMANY LIMITED (REGISTERED NUMBER: 05888753)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 1 1,017
Tax 87,227 32,834
Social security and other taxes (475 ) (475 )
NEST Pension Liability 317 292
VAT 23 -
Rent Deposit 32,957 37,135
Accruals and deferred income 90,999 78,837
Accrued expenses 10,240 9,770
Deposit for Property 15,000 13,000
236,289 172,410

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans (see note 8) 82,558 197,173
Other loans (see note 8) 23,095 23,095
105,653 220,268

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Shareholders Loan 23,095 23,095

Repayable by instalments
Bank Loan Acc 000505554 82,558 197,173

8. LOANS

An analysis of the maturity of loans is given below:

31.12.24 31.12.23
£    £   
Amounts falling due in more than five years:
Repayable otherwise than by instalments
Shareholders Loan 23,095 23,095

Repayable by instalments
Bank Loan Acc 000505554 82,558 197,173

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
900 Ordinary £1 900 900

ROMANY LIMITED (REGISTERED NUMBER: 05888753)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


10. RESERVES
Retained
earnings
£   

At 1 January 2024 1,696,994
Profit for the year 226,914
Dividends (304,000 )
At 31 December 2024 1,619,908