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Registered number: 08332239
Romarsol Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Company Information
Directors Mr Robert Taylor
Mr Mark Taylor
Company Number 08332239
Registered Office First Floor, New Barnes Mill
Cottonmill Lane
St Albans
AL1 2HA
Accountants Town & Forest
Chartered Accountants & Statutory Auditors
First Floor, New Barnes Mill
Cottonmill Lane
St Albans
AL1 2HA
Page 1
Page 2
Balance Sheet
Registered number: 08332239
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 61 82
Investments 5 5,746,261 3,648,564
5,746,322 3,648,646
CURRENT ASSETS
Debtors 6 60,646 -
Cash at bank and in hand 575,877 2,137
636,523 2,137
Creditors: Amounts Falling Due Within One Year 7 (221,439 ) (1,065,910 )
NET CURRENT ASSETS (LIABILITIES) 415,084 (1,063,773 )
TOTAL ASSETS LESS CURRENT LIABILITIES 6,161,406 2,584,873
Creditors: Amounts Falling Due After More Than One Year 8 (149,500 ) (254,500 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,234,404 ) (630,429 )
NET ASSETS 4,777,502 1,699,944
CAPITAL AND RESERVES
Called up share capital 50 50
Profit and Loss Account 4,777,452 1,699,894
SHAREHOLDERS' FUNDS 4,777,502 1,699,944
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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 members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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
Mr Robert Taylor
Director
26 August 2025
The notes on pages 4 to 6 form part of these financial statements.
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Page 4
Notes to the Financial Statements
1. General Information
Romarsol Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08332239 . The registered office is First Floor, New Barnes Mill, Cottonmill Lane, St Albans, AL1 2HA.

2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

The presentation currency of the financial statements is the Pound Sterling (£).

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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:
Computer Equipment 25% on reducing balance
2.4. 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.
2.5. 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 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 is recognised in respect of all timing difference that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in the tax assessments in periods different from those in which they are recognised in the 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.
2.6. Investments
Fixed asset investments can be reliably measured, and are shown at fair value with changes in fair value being recognised in the profit and loss account. Gains and losses are taxed on sale/settlement.
2.7. Provisions and accruals
Provisions are recognised when there is a present legal or constructive obligation as a result of past events and the amount can be reliably estimated. Provisions are not recognised for future operating losses.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 January 2024 877
As at 31 December 2024 877
Depreciation
As at 1 January 2024 795
Provided during the period 21
As at 31 December 2024 816
Net Book Value
As at 31 December 2024 61
As at 1 January 2024 82
5. Investments
Other
£
Cost
As at 1 January 2024 3,648,564
Disposals (1,111,894 )
Revaluations 3,209,591
As at 31 December 2024 5,746,261
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 5,746,261
As at 1 January 2024 3,648,564
In March 2024 an additional Rs5.5 (£257,816) was paid on 4,855,000 of the shares held by the company to make them compliant for trading. An adjustment was made in the 2023 accounts to recognise the full cost, because the entity had an obligation at the reporting date in line with the provisions and accruals policy documented above.
In the opinion of the directors, the fair value of the investment at 31 December 2024 was Rs125.90 (£1.17) per share (2023: Rs54.87 (£0.52) per share) based on the current open market value.
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Page 6
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 2,543 -
Corporation tax recoverable assets 1,638 -
Directors' loan accounts 56,465 -
60,646 -
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 214 -
Corporation tax 183,620 -
Tax withheld 3,605 -
Investment cost provision - 257,816
Accruals and deferred income 8,850 7,020
Directors' loan accounts 25,150 801,074
221,439 1,065,910
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Directors loan account 149,500 254,500
9. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 January 2024 630,429 630,429
Additions 603,975 603,975
Balance at 31 December 2024 1,234,404 1,234,404
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2024 Amounts advanced Amounts repaid Amounts written off As at 31 December 2024
£ £ £ £ £
Mr Mark Taylor - 56,777 (312 ) - 56,465
The above loan is unsecured, interest bearing and repayable on demand.
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