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Registered number: 5376465
ROMILLY ASSOCIATES IFA LTD
Unaudited Financial Statements
For The Year Ended 30 June 2026
Abacus Business Services
17 Minehead Avenue
Sully
Vale of Glamorgan
CF64 5TH
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 5376465
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 57,451 60,536
57,451 60,536
CURRENT ASSETS
Debtors 6 1,483 940
Cash at bank and in hand 280,646 297,231
282,129 298,171
Creditors: Amounts Falling Due Within One Year 7 (90,853 ) (111,149 )
NET CURRENT ASSETS (LIABILITIES) 191,276 187,022
TOTAL ASSETS LESS CURRENT LIABILITIES 248,727 247,558
NET ASSETS 248,727 247,558
CAPITAL AND RESERVES
Called up share capital 8 100 100
Other reserves 247,459 194,370
Profit and Loss Account 1,168 53,088
SHAREHOLDERS' FUNDS 248,727 247,558
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For the year ending 30 June 2026 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 DAVID STEALEY
Director
17 July 2026
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
ROMILLY ASSOCIATES IFA LTD is a private company, limited by shares, incorporated in England & Wales, registered number 5376465 . The registered office is 26HICKMAN ROAD, PENARTH, VALE OF GLAMORGAN, CF64 2AL.
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. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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 0
Plant & Machinery 25
Motor Vehicles 25
Fixtures & Fittings 25
Computer Equipment 25
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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
Average number of employees, including directors, during the year was:
2026 2025
Office and administration 7 7
7 7
4. Intangible Assets
Goodwill
£
Cost
As at 1 July 2025 10,000
As at 30 June 2026 10,000
Amortisation
As at 1 July 2025 10,000
As at 30 June 2026 10,000
...CONTINUED
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Net Book Value
As at 30 June 2026 -
As at 1 July 2025 -
5. Tangible Assets
Land & Property
Freehold Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 July 2025 57,000 10,735 6,537 74,272
Disposals - (2,934 ) - (2,934 )
As at 30 June 2026 57,000 7,801 6,537 71,338
Depreciation
As at 1 July 2025 - 7,801 5,935 13,736
Provided during the period - - 151 151
As at 30 June 2026 - 7,801 6,086 13,887
Net Book Value
As at 30 June 2026 57,000 - 451 57,451
As at 1 July 2025 57,000 2,934 602 60,536
6. Debtors
2026 2025
£ £
Due within one year
Directors' loan accounts 1,483 940
7. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Trade creditors (2 ) 1
Corporation tax 80,126 81,662
Other taxes and social security 4,256 16,646
Net wages 6,473 12,840
90,853 111,149
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8. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 100 100
9. Dividends
2026 2025
£ £
On equity shares:
Final dividend paid 228,500 177,000
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