Ram Properties (Cheshire) Ltd
Ram Properties (Cheshire) Ltd
Registered number: 08840029
Unaudited Financial Statements
For The Year Ended
31 March 2021
Meacher-Jones
Chartered Accountants
6 St John's Court
Vicars Lane
Chester
Cheshire
CH1 1QE
Ram Properties (Cheshire) Ltd
Unaudited Financial Statements
For The Year Ended
31 March 2021
Unaudited Financial Statements
Contents | |
Page | |
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Balance Sheet | 1—2 |
Notes to the Financial Statements | 3—4 |
Ram Properties (Cheshire) Ltd
Balance Sheet
As at
31 March 2021
Balance Sheet
Registered number:
08840029
For the year ending 31 March 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Tangible Assets | 5 |
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CURRENT ASSETS | |||||
Cash at bank and in hand |
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Creditors: Amounts Falling Due Within One Year | 6 |
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NET CURRENT ASSETS (LIABILITIES) |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES | |||||
Called up share capital | 7 |
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Profit and Loss Account |
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SHAREHOLDERS' FUNDS | 79,229 | 68,786 | |||
Page 1
Ram Properties (Cheshire) Ltd
Balance Sheet (continued)
As at
31 March 2021
Directors' responsibilities:
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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. - The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Director
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The notes on pages 3 to 4 form part of these financial statements.
Page 2
Ram Properties (Cheshire) Ltd
Notes to the Financial Statements
For The Year Ended
31 March 2021
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
1.3.
Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
1.4.
Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.
Average Number of Employees
Average number of employees, including directors, during the year was 2 (2020: 2)
5.
Tangible Assets
Investment Properties | |
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£ | |
Cost | |
As at
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As at
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Net Book Value | |
As at
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As at
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Page 3
Ram Properties (Cheshire) Ltd
Notes to the Financial Statements (continued)
For The Year Ended
31 March 2021
6.
Creditors: Amounts Falling Due Within One Year
2021 | 2020 | ||
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£ | £ | ||
Corporation tax |
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Other creditors |
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Accruals and deferred income |
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Amounts owed to group undertakings |
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8.
Related Party Transactions
At the balance sheet date the company owed £254,778 (2020: £254,778) to RAMGROUP (UK) Limited in respect of monies loaned during year ending 31 March 2020 and 31 March 2016.
9.
Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is RAMGROUP (UK) Limited, incorporated in England & Wales. The ultimate controlling party are the directors by virtue of their shareholding in RAM GROUP (UK) Limited
10.
General Information
Ram Properties (Cheshire) Ltd
is a private company, limited by shares, incorporated in England & Wales, registered number
08840029
. The registered office is Unit 1 A Levens Road, Newby Road Industrial Estate, Hazel Grove, Stockport, Cheshire, SK7 5DL.
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