Registration number: 02540078 (England and Wales)
Romanys Properties Limited
for the Year Ended 31 December 2025
Romanys Properties Limited
Contents
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Company Information |
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Statement of Financial Position |
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Statement of Changes in Equity |
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Notes to the Unaudited Financial Statements |
Romanys Properties Limited
Company Information
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Directors |
M L R Pindolia K M L Pindolia |
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Registered office |
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Accountants |
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Romanys Properties Limited
(Registration number: 02540078)
Statement of Financial Position as at 31 December 2025
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Note |
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Fixed assets |
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Investment property |
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Investments |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current liabilities |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
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Provisions for liabilities |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Revaluation reserve |
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Retained earnings |
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Shareholders' funds |
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For the financial year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
Romanys Properties Limited
(Registration number: 02540078)
Statement of Financial Position as at 31 December 2025
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.
Approved and authorised by the
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Romanys Properties Limited
Statement of Changes in Equity for the Year Ended 31 December 2025
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Share capital |
Revaluation reserve |
Retained earnings |
Total |
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At 1 January 2025 |
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( |
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Profit for the year |
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At 31 December 2025 |
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Share capital |
Revaluation reserve |
Retained earnings |
Total |
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At 1 January 2024 |
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Loss for the year |
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( |
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At 31 December 2024 |
20,000 |
4,584,301 |
(3,767,804) |
836,497 |
Romanys Properties Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025
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General information |
Romanys Properties Limited 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.
The presentation currency of the financial statements is the Pound Sterling (£).
These financial statements were authorised for issue by the
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Accounting policies |
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.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover represents rental income receivable, excluding value added tax. The rent is recognised when the company has the right to consideration.
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement 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.
Romanys Properties Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025
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Accounting policies (continued) |
Deferred Tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.
Investment property
Where the investment property can not be measured without undue cost or effort, it will be measured at cost.
Investments in subsidiaries
Investment in subsidiary is recognised at the net asset value of the subsidiary entity.
Financial instruments
Classification
- they include no contractual obligations upon the company to deliver cash or other financial assets or to exchange financial assets or financial liabilities with another party under conditions that are potentially unfavourable to the company; and
- where the instrument will or may be settled in the company's own equity instruments, it is either a non-derivative that includes no obligation to deliver a variable number of the company's own equity instruments or is a derivative that will be settled by the company's exchanging a fixed amount of cash or other financial assets for a fixed number of its own equity instruments.
Romanys Properties Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025
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Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
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Investment properties |
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At 1 January |
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At 31 December |
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Investment property was valued by the management at £5,100,000 which was confirmed by desktop valuation provided by Standard bank during the year 2023.The directors are of the opinion that the value remains unchanged as at 31 December 2025.
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Investments |
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2024 |
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Investments in subsidiaries |
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Subsidiaries |
£ |
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Cost or valuation |
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At 1 January 2025 |
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Revaluation |
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At 31 December 2025 |
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Provision |
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Carrying amount |
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At 31 December 2025 |
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At 31 December 2024 |
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Romanys Properties Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025
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Investments (continued) |
Details of undertakings
Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
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Undertaking |
Registered office |
Holding |
Proportion of voting rights and shares held |
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2024 |
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Subsidiary undertakings |
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51 Brewer Street, Soho, London, W1F 9UQ |
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Subsidiary undertakings |
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Romanys Limited The principal activity of Romanys Limited is |
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Debtors |
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Current |
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Trade debtors |
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Other debtors |
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Romanys Properties Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025
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Creditors |
Creditors: amounts falling due within one year
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Note |
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2024 |
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Due within one year |
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Loans and borrowings |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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Amounts owed to group undertaking includes a loan payable to Moolsons Holdings Limited, the parent entity, of £2,222,152. The loan is interest-free, unsecured and repayable on demand.
Creditors: amounts falling due after more than one year
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Note |
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2024 |
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Due after one year |
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Loans and borrowings |
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The bank loan facility was refinanced on 26 February 2021 for a period of 5 years.
Romanys Properties Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025
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Loans and borrowings |
Non-current loans and borrowings
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Bank borrowings |
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Current loans and borrowings
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Bank borrowings |
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The above are secured by way of a first legal charge over the property 52 to 56 Camden High Street, London. Interest on the above loan is payable at the rate of 3.3% per annum over the Market Rate.
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Related party transactions |
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Other transactions with directors |
The director has given a personal guarantee of £50,000 to secure the bank loan.
Summary of transactions with parent
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Parent and ultimate parent undertaking |
The ultimate controlling party is