Rome Properties Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 02952045

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		-		13,166,603
Investments	5		1,035,000		1,020,000

			1,035,000		14,186,603
CURRENT ASSETS
Debtors	6	1,069,018		3,376,102
Cash at bank and in hand		2,191,130		1,957

		3,260,148		3,378,059
Creditors: Amounts Falling Due Within One Year	7	(199,000 )		(7,316,140 )

NET CURRENT ASSETS (LIABILITIES)			3,061,148		(3,938,081 )

TOTAL ASSETS LESS CURRENT LIABILITIES			4,096,148		10,248,522

Creditors: Amounts Falling Due After More Than One Year	8		(6,448,858 )		(7,072,503 )

NET (LIABILITIES)/ASSETS			(2,352,710 )		3,176,019

CAPITAL AND RESERVES
Called up share capital	9		13,345		13,345
Share premium account			244,889		244,889
Other reserves			-		3,410,076
Profit and Loss Account			(2,610,944 )		(492,291 )

SHAREHOLDERS' FUNDS			(2,352,710)		3,176,019

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Rome Properties Limited

Balance Sheet (continued)

As At 29 December 2024

For the year ending 29 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 Earl Campbell

Director

16/12/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Rome Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02952045 . The registered office is Suite 19, 10 Saville Place, Bristol, BS8 4EJ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

These financial statements are prepared on the going concern basis which assumes the company will continue to receive financial support from certain creditors and the ultimate parent company BV Trustco Limited. If the going concern basis was not appropriate, certain adjustments would have to be made to reduce the value of the assets to their recoverable amount and to provide for any further liabilities which may arise.

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:

Fixtures & Fittings	20%
Computer Equipment	25%

2.4. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

2.5. 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.

2.6. Taxation

The company is not considered to be liable to UK corporation tax as the company is managed and controlled overseas.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2023: 3)

4. Tangible Assets

	Investment Properties
	£
Cost
As at 31 December 2023	13,166,603
Disposals	(13,166,603 )

As at 29 December 2024	-

Net Book Value
As at 29 December 2024	-

As at 31 December 2023	13,166,603

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Rome Properties Limited

Notes to the Financial Statements (continued)

For The Year Ended 29 December 2024

5. Investments

	Unlisted
	£
Cost or Valuation
As at 31 December 2023	1,020,000
Additions	15,000

As at 29 December 2024	1,035,000

Provision
As at 31 December 2023	-

As at 29 December 2024	-

Net Book Value
As at 29 December 2024	1,035,000

As at 31 December 2023	1,020,000

6. Debtors

	2024	2023
	£	£
Due within one year
Amounts owed by group undertakings	1,069,018	3,376,102

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	4,000	106,862
Bank loans and overdrafts	-	5,097,248
Amounts owed to group undertakings	-	1,917,030
Other creditors	195,000	195,000

	199,000	7,316,140

8. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Amounts owed to group undertakings	6,448,858	7,072,503

9. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	13,345	13,345

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