REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 30th November 2023 |
for |
Raman Investments Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 30th November 2023 |
for |
Raman Investments Limited |
Raman Investments Limited (Registered number: 13010048) |
Contents of the Financial Statements |
for the Year Ended 30th November 2023 |
Page |
Balance Sheet | 1 |
Notes to the Financial Statements | 2 |
Raman Investments Limited (Registered number: 13010048) |
Balance Sheet |
30th November 2023 |
30.11.23 | 30.11.22 |
as restated |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investment property | 4 |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 6 |
NET LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital | 7 |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
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. |
In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
Raman Investments Limited (Registered number: 13010048) |
Notes to the Financial Statements |
for the Year Ended 30th November 2023 |
1. | COMPANY INFORMATION |
Raman Investments Limited is a |
Registered number: |
Registered office: |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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. |
Going concern |
Even though the company reports negative reserves at the balance sheet date, at the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, the directors continue to adopt the going concern basis of accounting in preparing the financial statements. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1st December 2022 |
Additions |
At 30th November 2023 |
NET BOOK VALUE |
At 30th November 2023 |
At 30th November 2022 |
The investment property relates to a property under construction which is expected to be completed around the middle of 2023. |
Raman Investments Limited (Registered number: 13010048) |
Notes to the Financial Statements - continued |
for the Year Ended 30th November 2023 |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.11.23 | 30.11.22 |
as restated |
£ | £ |
Directors' current accounts | 9,032 | 8,126 |
Accrued expenses |
6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
30.11.23 | 30.11.22 |
as restated |
£ | £ |
Other creditors |
7. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30.11.23 | 30.11.22 |
value: | as restated |
£ | £ |
Ordinary A | £1 | 100 | 100 |
Ordinary B | £1 | 100 | 100 |
Ordinary C | £1 | 1 | 1 |
Ordinary D | £1 | 1 | 1 |
202 | 202 |
All classes of shares confer on the holders the right to vote upon any resolution proposed at any general meeting of the company. |
All classes of shares rank pari passu in respect of dividend and capital distribution rights. |
8. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to directors subsisted during the years ended 30th November 2023 and 30th November 2022: |
30.11.23 | 30.11.22 |
as restated |
£ | £ |
Balance outstanding at start of year | ( |
) | ( |
) |
Amounts repaid | ( |
) | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year | ( |
) | ( |
) |
The loan is repayable on demand and no interest was charged during the year. |
9. | RELATED PARTY DISCLOSURES |
During the period, the company operated a loan account with Raman Associates Ltd; a related party by virtue of common control. At the balance sheet date, the company owed £63,374 to Raman Associatesi Ltd. During the period, The balance is included within other creditors and is unsecured, interest-free and repayable-on-demand. |
Raman Investments Limited (Registered number: 13010048) |
Notes to the Financial Statements - continued |
for the Year Ended 30th November 2023 |
10. | ULTIMATE CONTROLLING PARTY |
There is no overall controlling party, the directors control the company jointly by virtue of their beneficial interest in more than 50% of the voting share capital. |