Roman Park Management Limited

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

1. General Information

Roman Park Management Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01881920 . The registered office is 1 Constantine Way, Bancroft Park, Milton Keynes, Buckinghamshire, MK13 0RA.

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

The directors have considered the Company's working capital requirements and its ability to continue in operational existence for at least twelve months from the date of approval of these financial statements.

During 2025 the Company continued to operate under the revised structure established following the closure of the members' club. The Equal Contribution payable by local residents under property covenants was reduced from £220 plus VAT per property in 2024 to £60 plus VAT per property for 2025. This reflected the change in the Company's activities following the closure of the club and the directors' intention that the Company's ongoing activities should, as far as practicable, be supported by its own income rather than requiring significant contributions from residents.

During the year, the tenant occupying the main premises experienced financial difficulties and accumulated significant arrears in respect of rent and recharged property costs. The directors have assessed the recoverability of amounts outstanding at the year end and have made provision against those amounts considered unlikely to be recovered.

Subsequent to the year end, the tenant vacated the main premises. The Company had sufficient resources to manage the resulting period without rental income while the directors sought a replacement tenant. A new tenant, Roman Park View, commenced occupation of the main premises in April 2026, operating the premises as a restaurant and bar.

The Company had no external borrowing at the year end and maintained positive cash reserves and a positive net current asset position. Having considered the Company's financial position, anticipated income and expenditure and developments since the year end, including the new tenancy, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the financial statements have been prepared on the going concern basis.

2.3. Turnover

Turnover represents amounts receivable, net of VAT, in respect of Equal Contributions due from properties within the local area in accordance with the relevant property covenants, together with fees arising from the administration of those covenants. Income is recognised in the period to which it relates.

2.4. 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:

Freehold	No Depreciation
Plant & Machinery	25% Reducing Balance
Fixtures & Fittings	10%/2.22% Reducing Balance
Computer Equipment	25% Straight Line

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Roman Park Management Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

The Company had no employees during the year (2024: nil). The general management and administration of the Company is undertaken by the directors, with professional support from advisers where required.

Average number of employees, including directors, during the year was: NIL (2024: NIL)

4. Intangible Assets

	Other
	£
Cost
As at 1 January 2025	1,000
Disposals	(1,000 )

As at 31 December 2025	-

Amortisation
As at 1 January 2025	1,000
Disposals	(1,000 )

As at 31 December 2025	-

Net Book Value
As at 31 December 2025	-

As at 1 January 2025	-

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Roman Park Management Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

5. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Fixtures & Fittings	Total
	£	£	£	£
Cost
As at 1 January 2025	57,454	47,620	236,060	341,134
Additions	-	1,784	-	1,784

As at 31 December 2025	57,454	49,404	236,060	342,918

Depreciation
As at 1 January 2025	-	44,115	163,463	207,578
Provided during the period	-	1,025	3,661	4,686

As at 31 December 2025	-	45,140	167,124	212,264

Net Book Value
As at 31 December 2025	57,454	4,264	68,936	130,654

As at 1 January 2025	57,454	3,505	72,597	133,556

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	14,075	26,237
Prepayments and accrued income	1,014	2,511

	15,089	28,748

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	366	3,664
Corporation tax	-	50
VAT	1,958	4,833
Accruals and deferred income	-	7,858

	2,324	16,405

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	5	5

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		130,654		133,556

			130,654		133,556
CURRENT ASSETS
Debtors	6	15,089		28,748
Cash at bank and in hand		29,798		27,037

		44,887		55,785
Creditors: Amounts Falling Due Within One Year	7	(2,324 )		(16,405 )

NET CURRENT ASSETS (LIABILITIES)			42,563		39,380

TOTAL ASSETS LESS CURRENT LIABILITIES			173,217		172,936

NET ASSETS			173,217		172,936

CAPITAL AND RESERVES
Called up share capital	8		5		5
Profit and Loss Account			173,212		172,931

SHAREHOLDERS' FUNDS			173,217		172,936