ROMNEY HEATING LIMITED


Director	S Longman


Company Secretary	LONGMAN, Kerry


Registered Address	151 Littlestone Road
	New Romney
	TN28 8QB


Registered Number	06107728 (England and Wales)

Balance Sheet as at
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	4		514		866
			514		866
Current assets
Stocks		750		750
Debtors		2,198		2,900
Cash at bank and on hand		11,160		14,834
		14,108		18,484
Creditors amounts falling due within one year	5	(4,604)		(4,974)
Net current assets (liabilities)			9,504		13,510
Total assets less current liabilities			10,018		14,376
Creditors amounts falling due after one year			(39,480)		(41,980)
Net assets			(29,462)		(27,604)
Capital and reserves
Called up share capital			1		1
Profit and loss account			(29,463)		(27,605)
Shareholders' funds			(29,462)		(27,604)

The company was entitled to exemption from audit for this reporting period 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 Director acknowledges 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Director on 10 December 2025, and are signed on its behalf by:

S Longman
Director
Registered Company No. 06107728

ROMNEY HEATING LIMITED

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Going concern
	The accounts have been prepared on a going concern basis. The director considers this appropriate as the loan for which the company is liable is not anticipated to be recalled in the near future.

	Turnover policy
	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.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Intangible assets
	Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years.

Intangible assets

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows: The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss


	Reducing balance (%)	Straight line (years)
Fixtures and fittings	15	-
Vehicles	25	-
Office Equipment	-	3

	Stocks and work in progress
	Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

2.	Average number of employees


		2025		2024
	Average number of employees during the year	0		0

3.	Intangible assets

		Total
		£
	Cost or valuation
	At 01 April 24	75,000
	At 31 March 25	75,000
	Amortisation and impairment
	At 01 April 24	75,000
	At 31 March 25	75,000
	Net book value
	At 31 March 25	-
	At 31 March 24	-

4.	Tangible fixed assets

		Total
		£
	Cost or valuation
	At 01 April 24	15,056
	At 31 March 25	15,056
	Depreciation and impairment
	At 01 April 24	14,191
	Charge for year	351
	At 31 March 25	14,542
	Net book value
	At 31 March 25	514
	At 31 March 24	866

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	-	15
Amounts owed to related parties	605	311
Taxation and social security	3,215	3,079
Other creditors	33	33
Accrued liabilities and deferred income	751	1,536
Total	4,604	4,974


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

6.	Related party transactions
	At the year end, the company owed the director £605. A loan exists between the company and a director who resigned during the year ended 31 March 2021. There are not any terms or conditions attached to this loan and at the balance sheet date the company owed this party £39,980 (2024 - £41,980). The party has confirmed that this loan is not due on demand, and will not be recalled within 12 months of the year end.

Related party transactions

At the year end, the company owed the director £605.
A loan exists between the company and a director who resigned during the year ended 31 March 2021.
There are not any terms or conditions attached to this loan and at the balance sheet date the company
owed this party £39,980 (2024 - £41,980). The party has confirmed that this loan is not due on demand,
and will not be recalled within 12 months of the year end.