REGISTERED NUMBER: 13293214 (England and Wales)

ROMHAR LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

Dr N F Harvey

Dr J K Romain

REGISTERED OFFICE:

4 Cornfield Terrace

Eastbourne

East Sussex

BN21 4NN

REGISTERED NUMBER:

13293214 (England and Wales)

ACCOUNTANTS:

Marsh Accounting Limited

Chartered Accountants

4 Cornfield Terrace

Eastbourne

East Sussex

BN21 4NN

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Romhar Ltd for the year ended 31 March 2025 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Romhar Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Romhar Ltd and state those matters that we have agreed to state to the Board of Directors of Romhar Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Romhar Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Romhar Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Romhar Ltd. You consider that Romhar Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Romhar Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Marsh Accounting Limited

Chartered Accountants

4 Cornfield Terrace

Eastbourne

East Sussex

BN21 4NN

Date: .............................................

FIXED ASSETS

Tangible assets

5

5,559

6,155

Investment property

6

317,064

328,726

322,623

334,881

CURRENT ASSETS

Debtors

7

18,142

17,400

Investments

8

300,173

222,950

Cash at bank

297

482

318,612

240,832

CREDITORS

Amounts falling due within one year

9

181,050

170,485

NET CURRENT ASSETS

137,562

70,347

TOTAL ASSETS LESS CURRENT LIABILITIES

460,185

405,228

CREDITORS

Amounts falling due after more than one year

10

(192,994

)

(193,014

)

PROVISIONS FOR LIABILITIES

(4,305

)

(3,402

)

NET ASSETS

262,886

208,812

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

11

(3,157

)

5,590

Retained earnings

11

265,943

203,122

262,886

208,812

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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 23 December 2025 and were signed on its behalf by:

Dr N F Harvey - Director

1.	STATUTORY INFORMATION

Romhar Ltd 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.	STATEMENT OF COMPLIANCE

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. Romhar Ltd is a limited company incorporated in England. The addresses of its registered office and principal place of business are disclosed in the company information.

The financial statements are presented in Sterling, which is also the functional currency of the Company.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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

Fixed assets are stated at cost less accumulated depreciation.

Fixtures & fittings - 15% on reducing balance

Computer equipment - Straight line over 3 years

Plant & machinery - 15% on reducing balance

At each reporting date fixed assets are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group of related assets, which is the higher of value in use and the fair value less cost to sell, is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in profit.

Investment property

Investment properties are properties held to earn rentals and/or for capital appreciation.

Investment properties are initially measured at cost, including transaction costs. Subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2024

1,015

7,468

407

8,890

Additions

-

-

491

491

At 31 March 2025

1,015

7,468

898

9,381

DEPRECIATION

At 1 April 2024

152

2,176

407

2,735

Charge for year

129

794

164

1,087

At 31 March 2025

281

2,970

571

3,822

NET BOOK VALUE

At 31 March 2025

734

4,498

327

5,559

At 31 March 2024

863

5,292

-

6,155

6.	INVESTMENT PROPERTY

The investment properties were valued at 31 March 2025 by the directors at fair value.

The value is not based on a valuation by an independant valuer who holds a relevant professional qualification, but has been valued by looking at similar properties in the local area and applying house price indices to the original cost.

Fair value at 31 March 2025 is represented by:

£

Valuation in 2023

321,272

Valuation in 2024

7,454

Valuation in 2025

(11,662

)

317,064

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

662

1,760

Amounts recoverable on contracts

4,480

2,640

Other debtors

13,000

13,000

18,142

17,400

8.	CURRENT ASSET INVESTMENTS

2025

2024

£

£

Bridging loans

300,173

222,950

Current asset investments include bridging loans held between the company and third parties. The total income recognised on these investments in the period was £54,737 (2024 - 28,900) representing the interest accrued of £35,437 (2024 - 22,771) and arrangement fees of £19,300 (2024 - £6,150).

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

15,704

17,122

Other creditors

165,346

153,363

181,050

170,485

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

192,994

193,014

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Mortgage loan

192,994

193,014

11.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 1 April 2024

203,122

5,590

208,712

Profit for the year

56,074

-

56,074

Dividends

(2,000

)

-

(2,000

)

Transfer between reserves

8,747

(8,747

)

-

At 31 March 2025

265,943

(3,157

)

262,786