REGISTERED NUMBER: 11722549 (England and Wales)

Romet Group Limited

Group Strategic Report,

Report of the Director and

Consolidated Financial Statements

for the Year Ended 31 March 2024

Page

Company Information

1

Group Strategic Report

2

Report of the Director

4

Report of the Independent Auditors

6

Consolidated Income Statement

10

Consolidated Other Comprehensive Income

11

Consolidated Statement of Financial Position

12

Company Statement of Financial Position

14

Consolidated Statement of Changes in Equity

16

Company Statement of Changes in Equity

17

Consolidated Statement of Cash Flows

18

Notes to the Consolidated Statement of Cash Flows

19

Notes to the Consolidated Financial Statements

21

DIRECTOR:

Mr E Kaya

REGISTERED OFFICE:

606 Cassia Point

2 Glasshouse Gardens

London

E20 1HU

REGISTERED NUMBER:

11722549 (England and Wales)

AUDITORS:

Alton & Co

Chartered Accountants

& Statutory Auditors

239-241 Kennington Lane

London

SE11 5QU

The director presents his strategic report of the company and the group for the year ended 31 March 2024.

REVIEW OF BUSINESS

Turnover for the group has decreased slightly compared with the previous year. Profitability over the period has also been lower due to this decrease in turnover. The group operates in highly competitive industries; however, management has strategies in place to enhance its competitiveness and remains optimistic about the future of the group.

Turnover is expected to improve, leading to a higher contribution towards fixed costs and a subsequent increase in profitability. Each company's main strategy is to provide a comprehensive service to customers, thereby increasing its customer base and turnover. Customer satisfaction is considered a key driver of success in the sectors in which the group operates. In addition, the property management companies within the group generate a fairly stable income as part of the group's diversification strategy.

The director recognises the importance of all staff and would like to thank them for their hard work and efforts throughout the year, which have contributed to this achievement.

The results for the year and the financial position of the company are shown in the accompanying financial statements.

PRINCIPAL RISKS AND UNCERTAINTIES

The main risks and uncertainties faced by the group relate to its ability to maintain its reputation and customer base. The company works hard to avoid any damage to its reputation and potential loss of customers. Product quality and an excellent customer experience are essential for retaining existing customers and attracting new ones.

To manage these risks, the company ensures that high-quality produce is sourced from reliable suppliers, leading to consistent quality output. In addition, staff receive regular training to ensure excellent product quality and customer service experience.

ENGAGEMENT WITH EMPLOYEES

The company is committed to providing a working environment that offers equality of opportunity and freedom from unlawful discrimination on the basis of gender, sexual orientation, marital or civil partner status, gender reassignment, race, religion or belief, colour, nationality, ethnic or national origin, disability, age, pregnancy or maternity, trade union membership, or part-time status. The company's Equality and Diversity Policy aims to remove unfair and discriminatory practices and encourage full participation from its diverse community. The company actively opposes all forms of discrimination and aims to ensure clients can access its services without discrimination. The company believes that directors, employees, and customers are entitled to be treated with respect and dignity. Its employment policy is to provide equal opportunities to all current and prospective employees, ensuring a respectful and inclusive work environment.

KEY	PERFORMANCE INDICATORS

The key performance indicators are sales and profit margins. Most items are sold at a positive margin, resulting in a positive correlation between sales and profit. All other costs, apart from cost of sales, are relatively fixed. The director monitors performance monthly to identify and address any under performance promptly and to ensure that overhead costs remain within acceptable limits, as these are critical to the group's operational viability and profitability.

The Key Performance Indicators over the last two years are as follows:

2024

2023

£

£

Turnover

7,892

8,104

Rent received

123

146

Gross Profit

5,372

5,524

Net Profit before tax

1,173

1,598

The director believes that other performance variables are marginal and not the most effective indicators of the overall performance, development, and position of the group.

GROUP POLICY ON PAYMENT ON CREDITORS

The group's policy is to agree on payment terms before commencing trade with a supplier and to adhere to those terms upon timely submission of invoices.

SOCIAL, ENVIRONMENTAL AND ETHICAL MATTERS

The company believes that operating in an ethical and socially responsible manner contributes to preserving the environment, which is integral to efficient and profitable business management. The director recognises that success in these areas depends on the involvement and commitment of everyone within the organisation.

FUTURE DEVELOPMENT

The director expects an increase in sales in the future as the company explores new products and expands its customer base.

There are no material uncertainties that may cast significant doubt on the company's ability to continue trading as a going concern.

ON BEHALF OF THE BOARD:

Mr E Kaya - Director

29 October 2025

The director presents his report with the financial statements of the company and the group for the year ended 31 March 2024.

PRINCIPAL ACTIVITY

The principal activity of the group in the year under review was that of licensed restaurants, investing in and the renting of properties, management company and construction of domestic and commercial buildings.

DIVIDENDS

An interim dividend of £1,450 per share was paid on 16 January 2024. The director recommends that no final dividend be paid.

The total distribution of dividends for the year ended 31 March 2024 will be £ 145,000 .

DIRECTOR

Mr E Kaya held office during the whole of the period from 1 April 2023 to the date of this report.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES

The director is responsible for preparing the Group Strategic Report, the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the director is required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the director is aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and he has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

AUDITORS

The auditors, Alton & Co, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

Mr E Kaya - Director

29 October 2025

Opinion

We have audited the financial statements of Romet Group Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 March 2024 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Statement of Financial Position, Company Statement of Financial Position, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Statement of Cash Flows and Notes to the Consolidated Statement of Cash Flows, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the group's and of the parent company affairs as at 31 March 2024 and of the group's profit for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report.

Other information

The director is responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Director, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Previous years accounts were unaudited.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Group Strategic Report and the Report of the Director for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Group Strategic Report and the Report of the Director have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Report of the Director.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or

-	the parent company financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of director's remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of director

As explained more fully in the Statement of Director's Responsibilities set out on page four, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determines necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the director is responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intends to liquidate the group or the parent company or to cease operations, or has no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We obtained an understanding of the legal and regulatory framework that are applicable to the company and determined that the most significant are the food standards regulations, building safety regulations, anti bribery regulations and money laundering regulation . We understand how the company is complying with those regulations by making enquiries of management and key personel; we also reviewed correspondence files. We identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements using our general commercial and sector experience, through discussion with the directors and other management (as required by auditing standards) and from inspection of the company's regulatory and legal correspondence. We discussed with the directors and other management the policies and procedures regarding compliance with laws and regulations. We communicated those identified laws and regulations throughout our team and remained alert to any indications of non-compliance throughout the audit.

Auditing standards limit the required audit procedures to identify non-compliance with these laws and regulations to enquiry of the directors and other management and inspection of regulatory and legal correspondence, if any. Through these procedures, we did not become aware of actual or suspected non-compliance.

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed non-compliance with laws and regulations (irregularities) is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. In addition, as with any audit, there remained a higher risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Altan Kemal FCA FCCA (Senior Statutory Auditor)

for and on behalf of Alton & Co

Chartered Accountants

& Statutory Auditors

239-241 Kennington Lane

London

SE11 5QU

29 October 2025

REVENUE

7,891,711

8,104,311

Cost of sales

2,519,398

2,579,881

GROSS PROFIT

5,372,313

5,524,430

Administrative expenses

4,414,507

3,992,446

957,806

1,531,984

Other operating income

443,272

212,212

OPERATING PROFIT

4

1,401,078

1,744,196

Amounts written off investments

6

50

-

1,401,028

1,744,196

Interest payable and similar expenses

7

228,452

146,090

PROFIT BEFORE TAXATION

1,172,576

1,598,106

Tax on profit

8

378,871

343,159

PROFIT FOR THE FINANCIAL YEAR

793,705

1,254,947

Profit attributable to:

Owners of the parent

793,705

1,254,947

PROFIT FOR THE YEAR

793,705

1,254,947

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

793,705

1,254,947

Total comprehensive income attributable to:

Owners of the parent

793,705

1,254,947

FIXED ASSETS

Intangible assets

11

1,659

1,867

Property, plant and equipment

12

1,961,109

1,448,258

Investments

13

Interest in associate

-

50

Investment property

14

6,927,977

6,047,107

8,890,745

7,497,282

CURRENT ASSETS

Inventories

15

67,536

68,924

Debtors

16

453,605

1,125,907

Cash at bank and in hand

94,545

225,965

615,686

1,420,796

CREDITORS

Amounts falling due within one year

17

3,493,454

3,361,539

NET CURRENT LIABILITIES

(2,877,768

)

(1,940,743

)

TOTAL ASSETS LESS CURRENT LIABILITIES

6,012,977

5,556,539

CREDITORS

Amounts falling due after more than one year

18

(3,399,738

)

(3,678,251

)

PROVISIONS FOR LIABILITIES

20

(174,207

)

(87,961

)

NET ASSETS

2,439,032

1,790,327

CAPITAL AND RESERVES

Called up share capital

21

100

100

Retained earnings

22

2,438,932

1,790,227

SHAREHOLDERS' FUNDS

2,439,032

1,790,327

The financial statements were approved by the director and authorised for issue on 29 October 2025 and were signed by:

Mr E Kaya - Director

FIXED ASSETS

Intangible assets

11

-

-

Property, plant and equipment

12

-

-

Investments

13

3,302

3,352

Investment property

14

-

-

3,302

3,352

CURRENT ASSETS

Debtors

16

3,777,929

319,751

Cash at bank and in hand

739

24,626

3,778,668

344,377

CREDITORS

Amounts falling due within one year

17

3,499,168

194,053

NET CURRENT ASSETS

279,500

150,324

TOTAL ASSETS LESS CURRENT LIABILITIES

282,802

153,676

CREDITORS

Amounts falling due after more than one year

18

11,667

21,667

NET ASSETS

271,135

132,009

CAPITAL AND RESERVES

Called up share capital

21

100

100

Retained earnings

22

271,035

131,909

SHAREHOLDERS' FUNDS

271,135

132,009

Company's profit for the financial year

284,126

192,006

The financial statements were approved by the director and authorised for issue on 29 October 2025 and were signed by:

Mr E Kaya - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 April 2022

100

685,280

685,380

Changes in equity

Dividends

-

(150,000

)

(150,000

)

Total comprehensive income

-

1,254,947

1,254,947

Balance at 31 March 2023

100

1,790,227

1,790,327

Changes in equity

Dividends

-

(145,000

)

(145,000

)

Total comprehensive income

-

793,705

793,705

Balance at 31 March 2024

100

2,438,932

2,439,032

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 April 2022

100

89,903

90,003

Changes in equity

Dividends

-

(150,000

)

(150,000

)

Total comprehensive income

-

192,006

192,006

Balance at 31 March 2023

100

131,909

132,009

Changes in equity

Dividends

-

(145,000

)

(145,000

)

Total comprehensive income

-

284,126

284,126

Balance at 31 March 2024

100

271,035

271,135

Cash flows from operating activities

Cash generated from operations

1

2,688,760

1,498,566

Interest paid

(228,452

)

(146,090

)

Tax paid

(158,877

)

(53,501

)

Net cash from operating activities

2,301,431

1,298,975

Cash flows from investing activities

Purchase of intangible fixed assets

-

(2,074

)

Purchase of tangible fixed assets

(864,714

)

(231,714

)

Purchase of fixed asset investments

-

1

Purchase of investment property

(880,870

)

(3,337,652

)

Sale of tangible fixed assets

-

216,776

Sale of fixed asset investments

-

40,000

Net cash from investing activities

(1,745,584

)

(3,314,663

)

Cash flows from financing activities

New loans in year

-

1,626,306

Loan repayments in year

(248,309

)

-

Amount withdrawn by directors

(322,986

)

368,971

Equity dividends paid

(145,000

)

(150,000

)

Net cash from financing activities

(716,295

)

1,845,277

Decrease in cash and cash equivalents

(160,448

)

(170,411

)

Cash and cash equivalents at beginning of year

2

225,965

396,376

Cash and cash equivalents at end of year

2

65,517

225,965

1.	RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

2024

2023

£

£

Profit before taxation

1,172,576

1,598,106

Depreciation charges

352,070

195,274

Profit on disposal of fixed assets

-

(165,896

)

Impairment in associates

50

-

Finance costs

228,452

146,090

1,753,148

1,773,574

Decrease/(increase) in inventories

1,388

(15,830

)

Decrease/(increase) in trade and other debtors

650,107

(726,178

)

Increase in trade and other creditors

284,117

467,000

Cash generated from operations

2,688,760

1,498,566

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Statement of Cash Flows in respect of cash and cash equivalents are in respect of these Statement of Financial Position amounts:

Year ended 31 March 2024

31/3/24

1/4/23

£

£

Cash and cash equivalents

94,545

225,965

Bank overdrafts

(29,028

)

-

65,517

225,965

Year ended 31 March 2023

31/3/23

1/4/22

£

£

Cash and cash equivalents

225,965

396,376

3.	ANALYSIS OF CHANGES IN NET DEBT

At 1/4/23

Cash flow

At 31/3/24

£

£

£

Net cash

Cash at bank and in hand

225,965

(131,420

)

94,545

Bank overdrafts

-

(29,028

)

(29,028

)

225,965

(160,448

)

65,517

Debt

Debts falling due within 1 year

(280,827

)

(30,203

)

(311,030

)

Debts falling due after 1 year

(3,678,251

)

278,513

(3,399,738

)

(3,959,078

)

248,310

(3,710,768

)

Total

(3,733,113

)

87,862

(3,645,251

)

1.	STATUTORY INFORMATION

Romet Group 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 General Information page.

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

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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates

Preparation of the financial statements requires management to make significant judgements and estimates. In determining the carrying amounts of certain assets and liabilities, the Group makes assumptions of the effects of uncertain future events on those assets and liabilities at the balance sheet date. The Group’s estimates and assumptions are based on historical experience and expectation of future events and are reviewed periodically. Further information about key assumptions concerning the future, and other key sources of estimation uncertainty, are set out in the notes.

Fair value measurements are estimates of the amounts for which assets or liabilities could be transferred at the measurement date, based on the assumption that such transfers take place between participants in principal markets and, where applicable, taking highest and best use into account. Where available, fair value measurements are derived from prices quoted in active markets for identical assets or liabilities. In the absence of such information, other observable inputs are used to estimate fair value. Inputs derived from external sources are corroborated or otherwise verified, as appropriate. In the absence of publicly available information, fair value is determined using estimation techniques that take into account market perspectives relevant to the asset or liability, in as far as they can reasonably be ascertained, based on predominantly unobservable inputs.

Turnover

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

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

Group's turnover is recognised when the customer takes delivery of the goods or the company obtains the right to the consideration using the cost based method at the stage of completion certified. Rental income is recognised at the month and quarter end when rent is due.

All income is derived from the ordinary activities of the business.

All companies in the group operate in the uk.