Ramsay Holdings Limited SC720485 false 2022-01-20 2023-01-31 2023-01-31 The principal activity of the company is other letting and operating of own or leased real estate. Digita Accounts Production Advanced 6.30.9574.0 true true SC720485 2022-01-20 2023-01-31 SC720485 2023-01-31 SC720485 core:RetainedEarningsAccumulatedLosses 2023-01-31 SC720485 core:ShareCapital 2023-01-31 SC720485 core:CurrentFinancialInstruments core:WithinOneYear 2023-01-31 SC720485 bus:SmallEntities 2022-01-20 2023-01-31 SC720485 bus:AuditExemptWithAccountantsReport 2022-01-20 2023-01-31 SC720485 bus:FullAccounts 2022-01-20 2023-01-31 SC720485 bus:SmallCompaniesRegimeForAccounts 2022-01-20 2023-01-31 SC720485 bus:RegisteredOffice 2022-01-20 2023-01-31 SC720485 bus:Director1 2022-01-20 2023-01-31 SC720485 bus:PrivateLimitedCompanyLtd 2022-01-20 2023-01-31 SC720485 1 2022-01-20 2023-01-31 SC720485 countries:Scotland 2022-01-20 2023-01-31 iso4217:GBP xbrli:pure

Registration number: SC720485

Ramsay Holdings Limited

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Period from 20 January 2022 to 31 January 2023

 

Ramsay Holdings Limited

Contents

Abridged Balance Sheet

1

Notes to the Unaudited Abridged Financial Statements

2 to 3

 

Ramsay Holdings Limited

(Registration number: SC720485)
Abridged Balance Sheet as at 31 January 2023

Note

2023
£

Fixed assets

 

Investment property

598,688

Current assets

 

Debtors

49,657

Cash at bank and in hand

 

138,913

 

188,570

Creditors: Amounts falling due within one year

(796,094)

Net current liabilities

 

(607,524)

Net liabilities

 

(8,836)

Capital and reserves

 

Called up share capital

100

Profit and loss account

(8,936)

Total equity

 

(8,836)

For the financial period ending 31 January 2023 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 of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the Company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 13 October 2023
 

Mr J Ferguson

Director

 

Ramsay Holdings Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 20 January 2022 to 31 January 2023

1

General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
Penang House
Greenside
Largo
Leven
Fife
KY8 5PB

These financial statements were authorised for issue by the director on 13 October 2023.

2

Accounting policies

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Disclosure of long or short period

The period has been extended as to coincide with the end of the month of incorporation,

Going concern

The accounts have been drawn up on a going concern basis. The company meets its day to day working capital requirements through the director's loan account. The directors have confirmed that they will not seek repayment of this amount until the company has sufficient funds available to do so. Therefore the company will have sufficient funding to enable it to continue trading for at least one year from the date of the approval of these accounts.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable the future economic benefits will flow into the entity, and specific criteria have been met for each of the company activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Ramsay Holdings Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 20 January 2022 to 31 January 2023

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1.

4

Tangible assets

Investment properties

2023
£

Additions

598,688

There has been no valuation of investment property by an independent valuer.