Company Registration Number 08518322 (England and Wales)
RAM FINANCE LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024
RAM FINANCE LTD
BALANCE SHEET
AS AT
31 MAY 2024
31 May 2024
- 1 -
2024
2023
£
£
£
£
Fixed assets
1,026
2,863
Current assets
489,055
392,476
Creditors: amounts falling due within one year
(66,619)
(61,960)
Net current assets
422,436
330,516
Total assets less current liabilities
423,462
333,379
Creditors: amounts falling due after more than one year
(16,723)
(20,000)
Net assets
406,739
313,379
Capital and reserves
406,739
313,379
Notes to the financial statements
1
Director's benefits: advances, credit and guarantees

During the year, a loan was made to the Director, Mr RA Murphy. Interest was charged at a rate of 2.5%.  At the end of the year, a balance of £20,002 was outstanding. (2023: £980 owed to the director).

 

2
Employees

The average number of persons, including directors, employed by the company during the year was as follows:

2024
2023
Number
Number
Employees
3
3

Ram Finance Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 8 Lancaster House, 47 Beadon Road, Hammersmith, London, W6 0BT.

For the year ended 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has 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 in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

RAM FINANCE LTD
BALANCE SHEET (CONTINUED)
AS AT
31 MAY 2024
31 May 2024
- 2 -

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 31 July 2024
Mr RA Murphy
Director
Company registration number 08518322 (England and Wales)
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