Roma Investments LLP - LLP accounts 22.3

REGISTERED NUMBER: OC384637 (England and Wales)

REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2023

FOR

ROMA INVESTMENTS LLP

Page

General Information

1

Report of the Members

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

6

DESIGNATED MEMBERS:

Ms J Bray

Janet Bray Ltd

REGISTERED OFFICE:

69 Seafield Road

Hove

East Sussex

BN3 2TN

REGISTERED NUMBER:

OC384637 (England and Wales)

ACCOUNTANTS:

x5 Xeinadin Group

2 Upperton Gardens

Eastbourne

East Sussex

BN21 2AH

The members present their report with the financial statements of the LLP for the year ended 30 April 2023.

PRINCIPAL ACTIVITY

Property management and development

DESIGNATED MEMBERS

The designated members during the year under review were:

Ms J Bray

Janet Bray Ltd

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The loss for the year before members' remuneration and profit shares was £8,782 (2022 - £7,162 loss).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:

Ms J Bray - Designated member

29 August 2023

TURNOVER

103,554

107,577

Cost of sales

5,401

3,300

GROSS PROFIT

98,153

104,277

Administrative expenses

28,816

21,661

OPERATING PROFIT

69,337

82,616

Interest receivable and similar income

211

6

69,548

82,622

Interest payable and similar expenses

78,330

89,784

LOSS FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES AVAILABLE
FOR DISCRETIONARY DIVISION
AMONG MEMBERS

(8,782

)

(7,162

)

FIXED ASSETS

Tangible assets

4

2,070,127

CURRENT ASSETS

Debtors

5

34,910

26,827

Cash at bank

14,421

4,173

49,331

31,000

CREDITORS

Amounts falling due within one year

6

5,745

5,744

NET CURRENT ASSETS

43,586

25,256

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO
MEMBERS

2,113,713

2,095,383

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

2,288,500

2,270,170

MEMBERS' OTHER INTERESTS

Other reserves

(174,787

)

(174,787

)

2,113,713

2,095,383

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

7

2,288,500

2,270,170

Members' other interests

(174,787

)

(174,787

)

Amounts due from members

5

(31,582

)

(22,812

)

2,082,131

2,072,571

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 30 April 2023.

The members acknowledge their responsibilities for:

(a)	ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

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

The financial statements were approved by the members of the LLP and authorised for issue on 29 August 2023 and were signed by:

Ms J Bray - Designated member

1.	STATUTORY INFORMATION

Roma Investments LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2022 - NIL).

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 1 May 2022

and 30 April 2023

2,070,127

NET BOOK VALUE

At 30 April 2023

2,070,127

At 30 April 2022

2,070,127

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

Other debtors

34,910

26,827

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

Amounts owed to participating interests

1

-

Other creditors

5,744

5,745

5,744

7.

LOANS AND OTHER DEBTS DUE TO MEMBERS

2023

2022

£

Loans from members

2,288,500

2,270,170

Falling due within one year

2,288,500

2,270,170

J B Ltd - £1,388,768.20

Ms.J Bray - £871,617.31

8.	RELATED PARTY DISCLOSURES

Related party transactions

Summary of transactions with other related parties

Loans from related parties

Janet Bray Limited

During the year Janet Bray Limited made no additional loans to Roma Investments

The interest paid by Roma investments was £60000 and the same transferred to interest payable account.

At the year end an amount of £1,398,552.20 was outstanding.

Janet Bray

During the year Janet Bray made lno additional loan.

At the year end an amount of £871,617.31 was outstanding.

9.	ULTIMATE CONTROLLING PARTY

The controlling party is Ms J Bray.

The ultimate controlling party is Janet Bray Ltd .

The members are the controlling party by virtue of their controlling interest in the limited liability partnership. The ultimate controlling party is the same as the controlling party.