Company Registration No. 5964643 (England and Wales)
Romanela Investments Limited
Unaudited accounts
for the year ended 31 October 2017
Romanela Investments Limited
Unaudited accounts
Contents
Romanela Investments Limited
Company Information
for the year ended 31 October 2017
Directors
Mr R P Headley
Mr O Fadil
Company Number
5964643 (England and Wales)
Registered Office
16 Streatham High Road
London
SW16 1DB
ENGLAND
Romanela Investments Limited
Statement of financial position
as at
31 October 2017
Tangible assets
1,033,107
1,029,255
Cash at bank and in hand
6,510
3,412
Creditors: amounts falling due within one year
(103,380)
(145,744)
Net current liabilities
(67,544)
(124,610)
Total assets less current liabilities
965,563
904,645
Creditors: amounts falling due after more than one year
(670,000)
(680,400)
Net assets
295,563
224,245
Called up share capital
100
100
Profit and loss account
295,463
224,145
Shareholders' funds
295,563
224,245
For the year ending 31 October 2017 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 7 February 2018.
Mr R P Headley
Director
Company Registration No. 5964643
Romanela Investments Limited
Notes to the Accounts
for the year ended 31 October 2017
Romanela Investments Limited is a private company, limited by shares, registered in England and Wales, registration number 5964643. The registered office is 16 Streatham High Road, London, SW16 1DB, ENGLAND.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 October 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 November 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
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Tangible fixed assets
Land & buildings
Cost or valuation
At cost
At 1 November 2016
1,029,255
At 31 October 2017
1,033,107
At 31 October 2017
1,033,107
At 31 October 2016
1,029,255
Romanela Investments Limited
Notes to the Accounts
for the year ended 31 October 2017
Trade debtors
29,326
17,282
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Creditors: amounts falling due within one year
2017
2016
Bank loans and overdrafts
-
50,000
Trade creditors
2,092
2,560
Taxes and social security
27,349
21,400
Other creditors
25,438
21,538
Loans from directors
47,541
44,041
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Creditors: amounts falling due after more than one year
2017
2016
Bank loans
670,000
670,000
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Average number of employees
During the year the average number of employees was 0 (2016: 0).