Acorah Software Products - Accounts Production 16.0.110 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 09898742 Mr Dilip Kumar Karsanji Parmar Mr Kian Parmar iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09898742 2022-12-31 09898742 2023-12-31 09898742 2023-01-01 2023-12-31 09898742 frs-core:Non-currentFinancialInstruments 2023-12-31 09898742 frs-core:MotorVehicles 2023-01-01 2023-12-31 09898742 frs-core:PlantMachinery 2023-01-01 2023-12-31 09898742 frs-core:ShareCapital 2023-12-31 09898742 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 09898742 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09898742 frs-bus:AbridgedAccounts 2023-01-01 2023-12-31 09898742 frs-bus:SmallEntities 2023-01-01 2023-12-31 09898742 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 09898742 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 09898742 frs-bus:Director1 2023-01-01 2023-12-31 09898742 frs-bus:Director2 2023-01-01 2023-12-31 09898742 frs-countries:EnglandWales 2023-01-01 2023-12-31 09898742 2021-12-31 09898742 2022-12-31 09898742 2022-01-01 2022-12-31 09898742 frs-core:Non-currentFinancialInstruments 2022-12-31 09898742 frs-core:ShareCapital 2022-12-31 09898742 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 09898742
Rampard Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 December 2023
JMS Accounting Services Ltd
485 Catalyst House
720 Centennial Court, Centennial Park
Elstree
Herfordshire
WD6 3SY
Contents
Page
Abridged Statement of Financial Position 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Statement of Financial Position
Registered number: 09898742
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,312,464 2,313,041
Investments 1,482,184 1,482,184
3,794,648 3,795,225
CURRENT ASSETS
Debtors 236,116 226,822
Cash at bank and in hand 25,367 25,205
261,483 252,027
Creditors: Amounts Falling Due Within One Year (3,070,668 ) (3,068,382 )
NET CURRENT ASSETS (LIABILITIES) (2,809,185 ) (2,816,355 )
TOTAL ASSETS LESS CURRENT LIABILITIES 985,463 978,870
Creditors: Amounts Falling Due After More Than One Year (908,431 ) (908,431 )
NET ASSETS 77,032 70,439
CAPITAL AND RESERVES
Called up share capital 6 2 2
Income Statement 77,030 70,437
SHAREHOLDERS' FUNDS 77,032 70,439
Page 1
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For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
All of the company's members have consented to the preparation of an Abridged Income Statement and an Abridged Statement of Financial Position for the year end 31 December 2023 in accordance with section 444(2A) of the Companies Act 2006.
The financial statements were approved by the board of directors on 25 October 2024 and were signed on its behalf by:
Mr Dilip Kumar Karsanji Parmar
Director
25/10/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
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Notes to the Abridged Financial Statements
1. General Information
Rampard Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09898742 . The registered office is 1 Alexandra Road, Wood Green, London, N8 0PJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15% p.a. on reducing balance basis
Motor Vehicles 20% p.a. on reducing balance basis
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the income statement.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the income statement as they become payable in accordance with the rules of the scheme.
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2.7. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the income statement, directors report, and notes to the financial statements relating to the income statement.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
4. Tangible Assets
Total
£
Cost
As at 1 January 2023 2,317,888
As at 31 December 2023 2,317,888
Depreciation
As at 1 January 2023 4,847
Provided during the period 577
As at 31 December 2023 5,424
Net Book Value
As at 31 December 2023 2,312,464
As at 1 January 2023 2,313,041
5. Secured Creditors
Of the creditors the following amounts are secured.
2023 2022
£ £
Bank loans and overdrafts 908,431 -
6. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2 2
7. Directors Advances, Credits and Guarantees
The directors gave personal guarantees to mortgage lenders, in addition to lenders holding equitable chare over the investment property.
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