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REGISTERED NUMBER: 07862791 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

RAMA PROPERTY REFURBISHMENT LIMITED

RAMA PROPERTY REFURBISHMENT LIMITED (Registered number: 07862791)

Contents of the Financial Statements
for the Year Ended 30 NOVEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


RAMA PROPERTY REFURBISHMENT LIMITED

Company Information
for the Year Ended 30 NOVEMBER 2023







DIRECTOR: K Rama





REGISTERED OFFICE: Office 9, Devonshire House
582 Honeypot Lane
Stanmore
HA7 1JS





REGISTERED NUMBER: 07862791 (England and Wales)





ACCOUNTANTS: Frasers Young Limited
Chartered Certified Accountants
Alpha House
296 Kenton Road
Harrow
HA3 8DD

RAMA PROPERTY REFURBISHMENT LIMITED (Registered number: 07862791)

Balance Sheet
30 NOVEMBER 2023

30.11.23 30.11.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 91,972 107,427

CURRENT ASSETS
Stocks 65,233 41,251
Debtors 5 1,432,627 419,697
Cash at bank 429,905 1,137,779
1,927,765 1,598,727
CREDITORS
Amounts falling due within one year 6 (748,110 ) (685,518 )
NET CURRENT ASSETS 1,179,655 913,209
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,271,627

1,020,636

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,271,527 1,020,536
SHAREHOLDERS' FUNDS 1,271,627 1,020,636

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 August 2024 and were signed by:




K Rama - Director


RAMA PROPERTY REFURBISHMENT LIMITED (Registered number: 07862791)

Notes to the Financial Statements
for the Year Ended 30 NOVEMBER 2023


1. STATUTORY INFORMATION

RAMA PROPERTY REFURBISHMENT LIMITED is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant & machinery - 25 % on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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 arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

RAMA PROPERTY REFURBISHMENT LIMITED (Registered number: 07862791)

Notes to the Financial Statements - continued
for the Year Ended 30 NOVEMBER 2023


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2022 - 16 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant & and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 December 2022 43,302 8,393 147,750 21,052 220,497
Additions - - - 4,595 4,595
At 30 November 2023 43,302 8,393 147,750 25,647 225,092
DEPRECIATION
At 1 December 2022 16,548 6,919 84,296 5,307 113,070
Charge for year 4,013 295 12,691 3,051 20,050
At 30 November 2023 20,561 7,214 96,987 8,358 133,120
NET BOOK VALUE
At 30 November 2023 22,741 1,179 50,763 17,289 91,972
At 30 November 2022 26,754 1,474 63,454 15,745 107,427

5. DEBTORS
30.11.23 30.11.22
£    £   
Amounts falling due within one year:
Trade debtors 303,585 419,697
Amounts owed by associates 237,000 -
540,585 419,697

Amounts falling due after more than one year:
Amounts owed by associates 892,042 -

Aggregate amounts 1,432,627 419,697

RAMA PROPERTY REFURBISHMENT LIMITED (Registered number: 07862791)

Notes to the Financial Statements - continued
for the Year Ended 30 NOVEMBER 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 1,126 -
Hire purchase contracts 33,213 37,289
Trade creditors 213,421 190,170
Taxation and social security 243,272 163,313
Other creditors 257,078 294,746
748,110 685,518