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Registered number: 14259696










RAMANOMICS LIMITED








UNAUDITED

DIRECTORS REPORT AND FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 JULY 2023

 
RAMANOMICS LIMITED
REGISTERED NUMBER: 14259696

BALANCE SHEET
AS AT 31 JULY 2023

2023
Note
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
21,950

Cash at bank and in hand
 5 
50,994

  
72,944

Creditors: amounts falling due within one year
 6 
(5,097)

Net current assets
  
 
 
67,847

Total assets less current liabilities
  
67,847

Creditors: amounts falling due after more than one year
 7 
(112,258)

  

Net (liabilities)/assets
  
(44,411)


Capital and reserves
  

Called up share capital 
 9 
10

Profit and loss account
  
(44,421)

  
(44,411)


Page 1

 
RAMANOMICS LIMITED
REGISTERED NUMBER: 14259696

BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

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 financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 

Dr Z Cui
Director

Date: 17 April 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
RAMANOMICS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2023

1.


General information

Ramanomics Limited is a limited liability company incorporated in England and Wales on 27 July 2022. The registered office is Ash Tree Farm, Faringdon Road, Cumnor, Oxford, England, OX2 9QX.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Going concern

The debt is to be paid post completion and has been agreed with the investors. Cash reserve should be positive with a debt paid post completion. The accounts have therefore been prepared on a going concern basis.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 3

 
RAMANOMICS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


3.


Employees

period ended
31 July
2023
£

Wages and salaries
60,692

Social security costs
6,972

Cost of defined contribution scheme
1,463

69,127


The average monthly number of employees, including directors, during the period was 2.


4.


Debtors

2023
£


Other debtors
21,940

Called up share capital not paid
10

21,950


Page 4

 
RAMANOMICS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2023

5.


Cash and cash equivalents

2023
£

Cash at bank and in hand
50,994

50,994



6.


Creditors: Amounts falling due within one year

2023
£

Trade creditors
3,347

Accruals and deferred income
1,750

5,097



7.


Creditors: Amounts falling due after more than one year

2023
£

Other loans
112,258

112,258



8.


Loans


Analysis of the maturity of loans is given below:


2023
£


Amounts falling due 1-2 years

Other loans
112,258


112,258



112,258


Page 5

 
RAMANOMICS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2023

9.


Share capital

2023
£
Allotted, called up and fully paid


1,000 Ordinary shares of £0.01 each
10


During the period 1,000 ordinary shares of £ 0.01 were issued and paid at par.


10.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £1,463. Contributions totalling £nil were payable to the fund at the balance sheet date and are included in creditors.


Page 6