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REGISTERED NUMBER: 02494889 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Ramscove Limited

Ramscove Limited (Registered number: 02494889)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ramscove Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: D J Soley
S J Soley





SECRETARY: S J Soley





REGISTERED OFFICE: Sadberge Hall
Sadberge
DARLINGTON
Co Durham
DL2 1RL





REGISTERED NUMBER: 02494889 (England and Wales)





ACCOUNTANTS: Clive Owen LLP
Chartered Accountants
140 Coniscliffe Road
DARLINGTON
Co Durham
DL3 7RT

Ramscove Limited (Registered number: 02494889)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 79,133 152,473
Investments 5 12,300,050 12,300,050
12,379,183 12,452,523

CURRENT ASSETS
Stocks 6 18,928 19,328
Debtors 7 203,192 243,220
Cash at bank and in hand 798,249 876,064
1,020,369 1,138,612
CREDITORS
Amounts falling due within one year 8 98,513 103,784
NET CURRENT ASSETS 921,856 1,034,828
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,301,039

13,487,351

CREDITORS
Amounts falling due after more than one
year

9

(23,955

)

(91,136

)

PROVISIONS FOR LIABILITIES 10 (3,039,095 ) (3,055,624 )
NET ASSETS 10,237,989 10,340,591

CAPITAL AND RESERVES
Called up share capital 11 2 2
Capital redemption reserve 199,998 199,998
Investment revaluation reserve 9,159,412 9,161,289
Retained earnings 878,577 979,302
SHAREHOLDERS' FUNDS 10,237,989 10,340,591

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Ramscove Limited (Registered number: 02494889)

Balance Sheet - continued
31 December 2023


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 June 2024 and were signed on its behalf by:





D J Soley - Director


Ramscove Limited (Registered number: 02494889)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

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

There were no material departures from that standard.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

Income recognition
Income is recognised when the service has been provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Stables and equipment - 10% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and estimated selling price less costs to sell.

Financial instruments
Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Ramscove Limited (Registered number: 02494889)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Investments
Investments in shares are held at most recent valuation less impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Stables Fixtures
and and Motor
equipment fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2023 513,750 41,004 262,645 817,399
Additions 34,013 1,126 - 35,139
Disposals - - (195,369 ) (195,369 )
At 31 December 2023 547,763 42,130 67,276 657,169
DEPRECIATION
At 1 January 2023 494,353 34,787 135,786 664,926
Charge for year 6,611 2,690 20,029 29,330
Eliminated on disposal - - (116,220 ) (116,220 )
At 31 December 2023 500,964 37,477 39,595 578,036
NET BOOK VALUE
At 31 December 2023 46,799 4,653 27,681 79,133
At 31 December 2022 19,397 6,217 126,859 152,473

5. FIXED ASSET INVESTMENTS
Shares in
participating
interest
£   
COST OR VALUATION
At 1 January 2023 12,410,050
Disposals (110,000 )
At 31 December 2023 12,300,050
PROVISIONS
At 1 January 2023 110,000

Eliminated on disposal (110,000 )
At 31 December 2023 -
NET BOOK VALUE
At 31 December 2023 12,300,050
At 31 December 2022 12,300,050

Ramscove Limited (Registered number: 02494889)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 31 December 2023 is represented by:

Shares in
participating
interest
£   
Valuation in 2015 12,190,000
Cost 110,050
12,300,050

6. STOCKS
2023 2022
£    £   
Livestock 18,928 19,328

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 2,278
Other debtors 12,437 22,270
Directors' loan accounts 189,656 216,350
Prepayments and accrued income 1,099 2,322
203,192 243,220

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 30,578 30,363
Hire purchase contracts - 9,185
Trade creditors 7,800 1,529
Taxation and social security 55,525 57,769
Other creditors - 126
Accruals and deferred income 4,610 4,812
98,513 103,784

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 23,955 31,387
Bank loans - 2-5 years - 19,687
Hire purchase contracts - 40,062
23,955 91,136

Ramscove Limited (Registered number: 02494889)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 3,039,095 3,055,624

Deferred
tax
£   
Balance at 1 January 2023 3,055,624
Accelerated capital allowances (16,529 )
Balance at 31 December 2023 3,039,095

11. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary shares £1 2 2

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
D J Soley
Balance outstanding at start of year 108,175 99,134
Amounts advanced 101,717 24,988
Amounts repaid (115,064 ) (15,947 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 94,828 108,175

S J Soley
Balance outstanding at start of year 108,175 99,134
Amounts advanced 101,717 24,988
Amounts repaid (115,064 ) (15,947 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 94,828 108,175

No interest has been charged on the loan.