Romanno Limited - Period Ending 2014-02-28

Registration number: SC263440

Romanno Limited

Unaudited Abbreviated Accounts

for the Year Ended 28 February 2014
 

Clever Accounts Limited
Carrwood Park
Selby Road
Leeds
LS15 4LG

Romanno Limited
Contents

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Romanno Limited
for the Year Ended 28 February 2014

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Romanno Limited for the year ended 28 February 2014 set out on pages 2 to 4 from the company's accounting records and from information and explanations you have given us.

It is your duty to ensure that Romanno Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Romanno Limited. You consider that Romanno Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Romanno Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Clever Accounts Limited
Carrwood Park
Selby Road
Leeds
LS15 4LG

2 September 2014

Page 1

Romanno Limited
(Registration number: SC263440)
Abbreviated Balance Sheet at 28 February 2014

		Note			28 February 2014 £			28 February 2013 £
Fixed assets
Tangible fixed assets					6,000			6,000
Current assets
Cash at bank and in hand					325			58
Creditors: Amounts falling due within one year					(13,097)			(12,797)
Net current liabilities					(12,772)			(12,739)
Total assets less current liabilities					(6,772)			(6,739)
Creditors: Amounts falling due after more than one year					(7,042)			(5,542)
Net liabilities					(13,814)			(12,281)
Capital and reserves
Called up share capital		3			2			2
Profit and loss account					(13,816)			(12,283)
Shareholders' deficit					(13,814)			(12,281)

For the year ending 28 February 2014 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 2 September 2014 and signed on its behalf by:

\s1\
.........................................
Mr R A Hastings
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Romanno Limited
Notes to the Abbreviated Accounts for the Year Ended 28 February 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Depreciation

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

Asset class	Depreciation method and rate
Other tangible assets

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 March 2013		6,000			6,000
At 28 February 2014		6,000			6,000
Depreciation
At 28 February 2014		-			-
Net book value
At 28 February 2014		6,000			6,000
At 28 February 2013		6,000			6,000

Page 3

Romanno Limited
Notes to the Abbreviated Accounts for the Year Ended 28 February 2014
......... continued

3	Share capital

Allotted, called up and fully paid shares

	28 February 2014						28 February 2013
		No.			£			No.			£
Ordinary Share of £1 each		2			2			2			2

Page 4