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REGISTERED NUMBER: SC683016 (Scotland)















Financial Statements for the Year Ended 31 December 2023

for

Ronasramblings Ltd

Ronasramblings Ltd (Registered number: SC683016)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


Ronasramblings Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTOR: Miss R J Yard





REGISTERED OFFICE: Beinn Seallach
Camaghael
Fort William
Inverness-shire
PH33 7NF





REGISTERED NUMBER: SC683016 (Scotland)





ACCOUNTANTS: Highland Accountancy Practice
Chartered Accountants
Suite 1A, Willow House
Stoneyfield Business Park
Inverness
Highland
IV2 7PA

Ronasramblings Ltd (Registered number: SC683016)

Abridged Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 569,500 569,500

CURRENT ASSETS
Debtors 11,946 17,250
Cash at bank 75,686 28,848
87,632 46,098
CREDITORS
Amounts falling due within one year 573,942 573,629
NET CURRENT LIABILITIES (486,310 ) (527,531 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

83,190

41,969

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 83,180 41,959
SHAREHOLDERS' FUNDS 83,190 41,969

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 director acknowledges her 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 24 September 2024 and were signed by:




Miss R J Yard - Director


Ronasramblings Ltd (Registered number: SC683016)

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

1. STATUTORY INFORMATION

Ronasramblings Ltd is a private company, limited by shares , registered in Scotland. 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.

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

In the year of acquisition (2021), the investment property was included at full cost to the company as the director believes this to be the current market valuation, as this was the amount paid to acquire the property on an arms length deal. It will be revalued regularly in line with FRS 102 requirements. Due to their being no external borrowings and the undue cost in revaluations being undertaken, the director has agreed to a third party revaluation every third year. The next valuation is due in the year to 31 December 2024.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Ronasramblings Ltd (Registered number: SC683016)

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 569,500
NET BOOK VALUE
At 31 December 2023 569,500
At 31 December 2022 569,500

5. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

31.12.23 31.12.22
£    £   
Miss R J Yard
Balance outstanding at start of year (572,489 ) (572,489 )
Amounts advanced 215 -
Amounts repaid (480 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (572,754 ) (572,489 )