REGISTERED NUMBER: SC058150 (Scotland)

Financial Statements for the Year Ended 31 May 2025

for

Romano Property Group Ltd

Previously known as

Romano Wines Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Giancarlo Romano

REGISTERED OFFICE:

4th Floor

142 West Nile Street

Glasgow

G1 2RQ

REGISTERED NUMBER:

SC058150 (Scotland)

SENIOR STATUTORY AUDITOR:

Leon Marshall, CA

AUDITORS:

Stevenson & Kyles

Chartered Accountants

Statutory Auditor

25 Sandyford Place

Glasgow

G3 7NG

FIXED ASSETS

Tangible assets

4

-

-

Investments

5

12,442,844

12,442,844

12,442,844

12,442,844

CURRENT ASSETS

Debtors

6

52,249,234

51,779,840

Cash at bank

348,675

372,805

52,597,909

52,152,645

CREDITORS

Amounts falling due within one year

7

50,682,893

50,677,029

NET CURRENT ASSETS

1,915,016

1,475,616

TOTAL ASSETS LESS CURRENT LIABILITIES

14,357,860

13,918,460

CAPITAL AND RESERVES

Called up share capital

8

41,813

41,813

Share premium

12,143,177

12,143,177

Capital redemption reserve

8,622

8,622

Retained earnings

2,164,248

1,724,848

SHAREHOLDERS' FUNDS

14,357,860

13,918,460

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 December 2025 and were signed by:

Giancarlo Romano - Director

1.	STATUTORY INFORMATION

Romano Property Group Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company 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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Preparation of consolidated financial statements

The financial statements contain information about Romano Property Group Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Fittings and equipment

-

15% on reducing balance

Financial instruments

Basic financial instruments, including debtors and creditors with no stated interest and receivable or payable within one year, are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fittings

and

equipment

£

COST

At 1 June 2024

15,854

Disposals

(15,854

)

At 31 May 2025

-

DEPRECIATION

At 1 June 2024

15,854

Eliminated on disposal

(15,854

)

At 31 May 2025

-

NET BOOK VALUE

At 31 May 2025

-

At 31 May 2024

-

5.	FIXED ASSET INVESTMENTS

Unlisted

investments

£

COST OR VALUATION

At 1 June 2024

and 31 May 2025

12,442,844

NET BOOK VALUE

At 31 May 2025

12,442,844

At 31 May 2024

12,442,844

Cost or valuation at 31 May 2025 is represented by:

Unlisted

investments

£

Valuation in 2023

12,442,844

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Other debtors

52,249,234

51,779,840

Included in other debtors are loans due by two subsidiary companies. The loan due by Lujo Properties Limited at 31 May 2025 is £51,829,897 (2024 £51,360,529). The loan is interest free and repayable on demand. The loan due by Broomielaw Limited (50% subsidiary) at 31 May 2025 is £419,799 (2024: £419,271) The loan is interest free and repayable on demand.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Other creditors

50,682,893

50,677,029

Included in other creditors is a loan due to the director and shareholder Mr Giancarlo Romano. The amount due to Mr Giancarlo Romano at 31 May 2025 is £50,652,147 (2024 £50,652,507).This loan is interest free and repayable on demand.

Also due are loans to the employee and shareholder Ms Sheena Coburn of £25,190 (2024 - £20,064) and to the shareholder and employee Ms Anne Mulhern of £5,248 (2024 - £4,180). These loans are interest free and repayable on demand.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.25

31.5.24

value:

£

£

41,813

Ordinary

£1

41,813

41,813

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Leon Marshall, CA (Senior Statutory Auditor)

for and on behalf of Stevenson & Kyles

10.	FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

11.	ULTIMATE CONTROLLING PARTY

The controlling party is Giancarlo Romano.