IRIS Accounts Production v24.2.0.383 09562004 Board of Directors Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh095620042022-12-31095620042023-12-31095620042023-01-012023-12-31095620042021-12-31095620042022-01-012022-12-31095620042022-12-3109562004ns15:EnglandWales2023-01-012023-12-3109562004ns14:PoundSterling2023-01-012023-12-3109562004ns10:Director12023-01-012023-12-3109562004ns10:Director22023-01-012023-12-3109562004ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3109562004ns10:SmallEntities2023-01-012023-12-3109562004ns10:AuditExemptWithAccountantsReport2023-01-012023-12-3109562004ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3109562004ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3109562004ns10:FullAccounts2023-01-012023-12-3109562004ns10:OrdinaryShareClass12023-01-012023-12-3109562004ns10:Director32023-01-012023-12-3109562004ns10:Director42023-01-012023-12-3109562004ns10:CompanySecretary12023-01-012023-12-3109562004ns10:RegisteredOffice2023-01-012023-12-3109562004ns5:CurrentFinancialInstruments2023-12-3109562004ns5:CurrentFinancialInstruments2022-12-3109562004ns5:ShareCapital2023-12-3109562004ns5:ShareCapital2022-12-3109562004ns5:RetainedEarningsAccumulatedLosses2023-12-3109562004ns5:RetainedEarningsAccumulatedLosses2022-12-3109562004ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3109562004ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3109562004ns5:DeferredTaxation2022-12-3109562004ns5:DeferredTaxation2023-12-3109562004ns10:OrdinaryShareClass12023-12-3109562004ns5:RetainedEarningsAccumulatedLosses2022-12-3109562004ns5:RetainedEarningsAccumulatedLosses2023-01-012023-12-31
REGISTERED NUMBER: 09562004 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 December 2023

for

RAM Properties (Investments) Limited

RAM Properties (Investments) Limited (Registered number: 09562004)






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

Chartered Accountants' Report 9

RAM Properties (Investments) Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: R A McLaughlin
A S McLaughlin
R J McLaughlin
P Urmston





SECRETARY:





REGISTERED OFFICE: Tannery Court
Tanners Lane
Warrington
Cheshire
WA2 7NA





REGISTERED NUMBER: 09562004 (England and Wales)





ACCOUNTANTS: Voisey & Co LLP
Chartered Accountants
8 Winmarleigh Street
Warrington
Cheshire
WA1 1JW

RAM Properties (Investments) Limited (Registered number: 09562004)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,479,193 1,479,193

CURRENT ASSETS
Debtors 5 201,030 187,643
Cash at bank 204,407 75,780
405,437 263,423
CREDITORS
Amounts falling due within one year 6 89,424 64,858
NET CURRENT ASSETS 316,013 198,565
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,795,206

1,677,758

PROVISIONS FOR LIABILITIES 7 23,341 23,341
NET ASSETS 1,771,865 1,654,417

CAPITAL AND RESERVES
Called up share capital 8 980,000 980,000
Retained earnings 9 791,865 674,417
SHAREHOLDERS' FUNDS 1,771,865 1,654,417

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.

RAM Properties (Investments) Limited (Registered number: 09562004)

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 June 2024 and were signed on its behalf by:




A S McLaughlin - Director



R J McLaughlin - Director


RAM Properties (Investments) Limited (Registered number: 09562004)

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

1. STATUTORY INFORMATION

RAM Properties (Investments) 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 as modified by the revaluation of certain assets.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The principal accounting policies adopted are set out below.

Significant judgements and estimates
Preparation of the financial statements requires management to make significant judgements and estimates. The items in the financial statements where these judgements and estimates have been made include:-

a) Investment property - including valuation

The directors have considered key assumptions concerning the future and other key sources of estimation and uncertainty at the end of the reporting period and do not consider there are any areas where there is a material risk of adjustment to the carrying amounts of assets and liabilities within the next financial year.

Turnover
Turnover and revenue recognition comprises invoiced sales, rental receivable and service charges receivable, all amounts are exclusive of VAT.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.


RAM Properties (Investments) Limited (Registered number: 09562004)

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

2. ACCOUNTING POLICIES - continued
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.

Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with bank, other short-term liquid investments with original maturities of three months or less, and bank overdrafts.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position 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 enforcible right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the net asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised costs using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Other financial assets
Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publically traded and whose fair values cannot be measured reliably are measured at cost less impairment.

RAM Properties (Investments) Limited (Registered number: 09562004)

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

2. ACCOUNTING POLICIES - continued

Impairment of financial assets
Financial assets, other than those held at fair value through profit or loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss.

Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities
Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.

Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 3 ) .

RAM Properties (Investments) Limited (Registered number: 09562004)

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 1,479,193
NET BOOK VALUE
At 31 December 2023 1,479,193
At 31 December 2022 1,479,193

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2023 1,479,193

The directors have considered the valuation of the investment properties at the year end date and are satisfied that cost of the properties closely matches current market value of the properties so no valuation adjustment is necessary.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 1,231 -
Amounts owed by group undertakings 196,944 178,943
VAT 665 -
Prepayments and accrued income 2,190 8,700
201,030 187,643

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 1,364 1,283
Tax 43,809 29,782
VAT - 824
Other creditors 20,829 12,500
Directors' current accounts 20,829 12,500
Accruals and deferred income 2,593 7,969
89,424 64,858

7. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£    £   
Deferred tax 23,341 23,341

RAM Properties (Investments) Limited (Registered number: 09562004)

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

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 January 2023 23,341
Balance at 31 December 2023 23,341

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
980,000 Ordinary £1 980,000 980,000

9. RESERVES
Retained
earnings
£   

At 1 January 2023 674,417
Profit for the year 142,448
Dividends (25,000 )
At 31 December 2023 791,865

10. ULTIMATE CONTROLLING PARTY

The controlling party is RAM Properties (Holdings) Limited.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
RAM Properties (Investments) Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of RAM Properties (Investments) Limited for the year ended 31 December 2023 which comprise the Statement of Comprehensive Income, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of RAM Properties (Investments) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of RAM Properties (Investments) Limited and state those matters that we have agreed to state to the Board of Directors of RAM Properties (Investments) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than RAM Properties (Investments) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that RAM Properties (Investments) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of RAM Properties (Investments) Limited. You consider that RAM Properties (Investments) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of RAM Properties (Investments) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Voisey & Co LLP
Chartered Accountants
8 Winmarleigh Street
Warrington
Cheshire
WA1 1JW


25 June 2024