Company registration number 08002245 (England and Wales)
Ramorc Holding Limited
Unaudited
financial statements
for the year ended 31 December 2023
PAGES FOR FILING WITH REGISTRAR
Ramorc Holding Limited
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 6
Ramorc Holding Limited
Statement Of Financial Position
as at 31 December 2023
31 December 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
4,322,169
4,342,925
Investments
4
24,000
24,000
4,346,169
4,366,925
Current assets
Debtors
5
622,409
822,365
Cash at bank and in hand
422,055
57,923
1,044,464
880,288
Creditors: amounts falling due within one year
6
(237,043)
(217,958)
Net current assets
807,421
662,330
Total assets less current liabilities
5,153,590
5,029,255
Creditors: amounts falling due after more than one year
7
(1,715,205)
(1,842,826)
Provisions for liabilities
8
(22,913)
(24,095)
Net assets
3,415,472
3,162,334
Capital and reserves
Called up share capital
9
24,300
24,300
Profit and loss reserves
3,391,172
3,138,034
Total equity
3,415,472
3,162,334
Ramorc Holding Limited
Statement Of Financial Position (continued)
as at 31 December 2023
31 December 2023
- 2 -

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 28 February 2024 and are signed on its behalf by:
B Crowther
Director
Company Registration No. 08002245
Ramorc Holding Limited
Notes to the financial statements
for the year ended 31 December 2023
- 3 -
1
Accounting policies
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Turnover

Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities. Turnover is recognised on the provision of contractual services obligations where a right to consideration is due.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings
No depreciation
Plant and machinery
10% reducing balance basis
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Ramorc Holding Limited
Notes to the financial statements (continued)
for the year ended 31 December 2023
1
Accounting policies
(continued)
- 4 -
Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. Timing differences represent accumulated differences between the company's taxable profit and its financial profit and arise primarily from the difference between the accelerated capital allowances and depreciation.

Deferred tax is measured on an undiscounted basis at tax rates that are expected to apply in the periods in which the timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
-
0
-
0
3
Tangible fixed assets
Land and buildings
Plant and machinery
Total
£
£
£
Cost
At 1 January 2023 and 31 December 2023
4,135,354
405,710
4,541,064
Depreciation and impairment
At 1 January 2023
-
0
198,139
198,139
Depreciation charged in the year
-
0
20,756
20,756
At 31 December 2023
-
0
218,895
218,895
Carrying amount
At 31 December 2023
4,135,354
186,815
4,322,169
At 31 December 2022
4,135,354
207,571
4,342,925
4
Fixed asset investments
2023
2022
£
£
Shares in group undertakings and participating interests
24,000
24,000
Ramorc Holding Limited
Notes to the financial statements (continued)
for the year ended 31 December 2023
- 5 -
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
39,610
38,730
Amounts owed by group undertakings
582,799
783,635
622,409
822,365
6
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
132,891
138,161
Trade creditors
1,104
-
0
Corporation tax
79,399
48,106
Other taxation and social security
21,899
23,946
Accruals and deferred income
1,750
7,745
237,043
217,958

The bank loan is secured.

Ramorc Holding Limited
Notes to the financial statements (continued)
for the year ended 31 December 2023
- 6 -
7
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans
1,715,205
1,842,826

The bank loan is secured.

Amounts included above which fall due after five years are as follows:
Payable other than by instalments
-
1,185,297

The long-term loans are secured.

8
Provisions for liabilities
2023
2022
£
£
Deferred tax liabilities
22,913
24,095
9
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
24,000
24,000
24,000
24,000
A Ordinary shares of £1 each
100
100
100
100
B Ordinary shares of £1 each
100
100
100
100
C Ordinary shares of £1 each
100
100
100
100
24,300
24,300
24,300
24,300
10
Company information

Ramorc Holding Limited is a private company limited by shares incorporated in England and Wales. The registered office is Gooder Lane, Brighouse, West Yorkshire, HD6 1HB.

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