Romex World Limited - Accounts to registrar (filleted) - small 22.3

Romex World Limited - Accounts to registrar (filleted) - small 22.3

ROMEX WORLD LIMITED - Company Information

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REGISTERED NUMBER: 06665041











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

ROMEX WORLD LIMITED









ROMEX WORLD LIMITED (REGISTERED NUMBER: 06665041)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ROMEX WORLD LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2021







DIRECTOR: W S Fattal





REGISTERED OFFICE: Hill House
1 Little New Street
London
EC3A 4TR





REGISTERED NUMBER: 06665041





Page 1
ROMEX WORLD LIMITED (REGISTERED NUMBER: 06665041)

BALANCE SHEET
31 DECEMBER 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 11,451,577 11,240,682
Tangible assets 5 1,751 3,490
11,453,328 11,244,172

CURRENT ASSETS
Debtors 6 28,558 32,752
Cash at bank 2,692 1,474
31,250 34,226
CREDITORS
Amounts falling due within one year 7 11,240,439 10,981,962
NET CURRENT LIABILITIES (11,209,189 ) (10,947,736 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
244,139
296,436

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 244,039 296,336
SHAREHOLDERS' FUNDS 244,139 296,436

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The notes form part of these financial statements

Page 2 continued...
ROMEX WORLD LIMITED (REGISTERED NUMBER: 06665041)

BALANCE SHEET - continued
31 DECEMBER 2021


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 December 2022 and were signed by:





W S Fattal - Director


The notes form part of these financial statements

Page 3
ROMEX WORLD LIMITED (REGISTERED NUMBER: 06665041)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021


1. STATUTORY INFORMATION

Romex World Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) and the companies Act 2006. The financial statements have been prepared under historical costs convention.

The financial statements have been prepared on the going concern basis, which is dependent upon the continued support its shareholders.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of nil years.

Intangible fixed assets
Expenditure on development is capitalised and will be amortised when such costs are matched by future revenues.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost

Computer software which was transferred from fellow subsidiary, Bluecom Group Limited, at 31 December 2009, is depreciated at 33.33% of its net book value at transfer date.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2020 - 5 ) .

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ROMEX WORLD LIMITED (REGISTERED NUMBER: 06665041)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021


4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2021 11,249,175
Additions 202,402
At 31 December 2021 11,451,577
NET BOOK VALUE
At 31 December 2021 11,451,577
At 31 December 2020 11,249,175

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2021
and 31 December 2021 41,250
DEPRECIATION
At 1 January 2021 37,760
Charge for year 1,739
At 31 December 2021 39,499
NET BOOK VALUE
At 31 December 2021 1,751
At 31 December 2020 3,490

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 432 864
Other debtors 28,126 31,888
28,558 32,752

Page 5 continued...
ROMEX WORLD LIMITED (REGISTERED NUMBER: 06665041)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade creditors 9,904 30,112
Amounts owed to Citylink Group Limited 10,976,950 10,781,252
Taxation and social security 1,246 1,227
Other creditors 252,339 169,371
11,240,439 10,981,962

8. PARENT COMPANY AND ULTIMATE CONTROLLER

The company's parent company is Citylink Group Limited. Control of Citylink Group Limited rests with the trustees of overseas trusts.

Page 6