Company Registration No. 05964643 (England and Wales)
Romanela Investments Limited
Unaudited accounts
for the year ended 31 October 2019
Romanela Investments Limited
Unaudited accounts
Contents
Romanela Investments Limited
Company Information
for the year ended 31 October 2019
Directors
Mr R P Headley
Mr O Fadil
Company Number
05964643 (England and Wales)
Registered Office
16 Streatham High Road
London
SW16 1DB
ENGLAND
Accountants
Blythe and Co
352-354 London Road
Mitcham
Surrey
CR4 3ND
Romanela Investments Limited
Statement of financial position
as at
31 October 2019
Investment property
2,750,000
1,033,107
Cash at bank and in hand
484,759
4,571
Creditors: amounts falling due within one year
(88,847)
(123,731)
Net current assets/(liabilities)
537,477
(64,125)
Total assets less current liabilities
3,287,477
968,982
Creditors: amounts falling due after more than one year
(1,535,000)
(620,000)
Net assets
1,752,477
348,982
Called up share capital
100
100
Revaluation reserve
1,716,893
-
Profit and loss account
35,484
348,882
Shareholders' funds
1,752,477
348,982
For the year ending 31 October 2019 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.
The financial statements were approved by the Board of Directors and authorised for issue on 8 November 2019 and were signed on its behalf by
Mr R P Headley
Director
Company Registration No. 05964643
Romanela Investments Limited
Notes to the Accounts
for the year ended 31 October 2019
Romanela Investments Limited is a private company, limited by shares, registered in England and Wales, registration number 05964643. The registered office is 16 Streatham High Road, London, SW16 1DB, ENGLAND.
2
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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.
4
Investment property
2019
Fair value at 1 November 2018
1,033,107
Net gain from fair value adjustments
1,716,893
At 31 October 2019
2,750,000
Trade debtors
42,213
50,104
Amounts due from group undertakings etc.
553
553
Other debtors
98,799
4,378
6
Creditors: amounts falling due within one year
2019
2018
Trade creditors
15,873
8,052
Taxes and social security
38,647
38,583
Other creditors
33,247
30,595
Loans from directors
-
45,541
7
Creditors: amounts falling due after more than one year
2019
2018
Bank loans
1,535,000
620,000
Romanela Investments Limited
Notes to the Accounts
for the year ended 31 October 2019
8
Share capital
2019
2018
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
Milesahead Properties Ltd, Co No 03955136 of Flat 10, 9-11 Gleneldon Road, London, England, SW16 2AU
10
Average number of employees
During the year the average number of employees was 1 (2018: 0).