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REGISTERED NUMBER: 13844826 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

NRAM Property Ltd

NRAM Property Ltd (Registered number: 13844826)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NRAM Property Ltd

Company Information
for the Year Ended 31 January 2024







DIRECTOR: Mr A R H Morrison





REGISTERED OFFICE: Rowan House
7 West Bank
SCARBOROUGH
North Yorkshire
YO12 4DX





REGISTERED NUMBER: 13844826 (England and Wales)





ACCOUNTANTS: Asquith Accountants Ltd
Rowan House
7 West Bank
SCARBOROUGH
North Yorkshire
YO12 4DX

NRAM Property Ltd (Registered number: 13844826)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 177,300
Investment property 5 211,300 -
211,300 177,300

CURRENT ASSETS
Debtors 6 70 -
Cash at bank 24,556 3,260
24,626 3,260
CREDITORS
Amounts falling due within one year 7 75,881 54,134
NET CURRENT LIABILITIES (51,255 ) (50,874 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

160,045

126,426

CREDITORS
Amounts falling due after more than one
year

8

(130,083

)

(126,402

)

PROVISIONS FOR LIABILITIES (6,460 ) -
NET ASSETS 23,502 24

CAPITAL AND RESERVES
Called up share capital 1 1
Revaluation reserve 9 27,540 -
Retained earnings (4,039 ) 23
23,502 24

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

NRAM Property Ltd (Registered number: 13844826)

Balance Sheet - continued
31 January 2024


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 October 2024 and were signed by:





Mr A R H Morrison - Director


NRAM Property Ltd (Registered number: 13844826)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

NRAM Property Ltd 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.

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.

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 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 February 2023 177,300
Reclassification/transfer (177,300 )
At 31 January 2024 -
NET BOOK VALUE
At 31 January 2024 -
At 31 January 2023 177,300

NRAM Property Ltd (Registered number: 13844826)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Revaluations 34,000
Reclassification/transfer 177,300
At 31 January 2024 211,300
NET BOOK VALUE
At 31 January 2024 211,300

Fair value at 31 January 2024 is represented by:
£   
Valuation in 2024 34,000
Cost 177,300
211,300

If investment property had not been revalued it would have been included at the following historical cost:

31.1.24 31.1.23
£    £   
Cost 177,300 -

Investment property was valued on an open market estimate basis on 11 October 2024 by Adam Morrison (Director) .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Other debtors 70 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors 900 -
Other creditors 74,981 54,134
75,881 54,134

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans 130,083 126,402

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 130,083 126,402

NRAM Property Ltd (Registered number: 13844826)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

9. RESERVES
Revaluation
reserve
£   
Revaluation in year 34,000
Deferred tax adjustment charge (6,460 )

At 31 January 2024 27,540