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REGISTERED NUMBER: SC759217 (Scotland)















Unaudited Financial Statements

for the Period 17 February 2023 to 31 July 2024

for

Ram Tubulars Group Limited

Ram Tubulars Group Limited (Registered number: SC759217)






Contents of the Financial Statements
for the Period 17 February 2023 to 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Ram Tubulars Group Limited

Company Information
for the Period 17 February 2023 to 31 July 2024







DIRECTORS: Mrs F J Stewart
Mr J Stewart





REGISTERED OFFICE: 48 Queens Road
Aberdeen
United Kingdom
AB15 4YE





REGISTERED NUMBER: SC759217 (Scotland)





ACCOUNTANTS: SBP
Accountants
27 Finlayson Street
Fraserburgh
Aberdeenshire
AB43 9JQ

Ram Tubulars Group Limited (Registered number: SC759217)

Balance Sheet
31 July 2024

Notes £    £   
FIXED ASSETS
Investment property 4 2,700,000

CURRENT ASSETS
Debtors 5 176,000
Cash at bank 481
176,481
CREDITORS
Amounts falling due within one year 6 67,954
NET CURRENT ASSETS 108,527
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,808,527

CAPITAL AND RESERVES
Called up share capital 7 2,700,000
Retained earnings 108,527
SHAREHOLDERS' FUNDS 2,808,527

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 2024 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.

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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 February 2025 and were signed on its behalf by:





Mr J Stewart - Director


Ram Tubulars Group Limited (Registered number: SC759217)

Notes to the Financial Statements
for the Period 17 February 2023 to 31 July 2024

1. STATUTORY INFORMATION

Ram Tubulars Group Limited 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.

Turnover
Turnover represents amounts receivable as rental income for commercial properties leased in the normal course of business, net of VAT. Income is recognised to the extent that it is probable that economic benefit will flow to the company and when its value can be measured with a sufficient degree of certainty and reliability. All income is recognised in the accounting period to which it relates.

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 period 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.

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 period 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 period was NIL.

Ram Tubulars Group Limited (Registered number: SC759217)

Notes to the Financial Statements - continued
for the Period 17 February 2023 to 31 July 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 2,700,000
At 31 July 2024 2,700,000
NET BOOK VALUE
At 31 July 2024 2,700,000

The commercial properties held were acquired within the current reporting period at market value and no adjustment to the valuations was considered necessary as at the financial year end.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 176,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Taxation and social security 65,509
Other creditors 2,445
67,954

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
2,700,000 Ordinary £1 2,700,000

Share capital comprising 16,000,000 ordinary shares of £1 each was cancelled during the financial year as part of a capital reduction demerger transaction.

£
Original issued share capital18,700,000
Share capital cancelled16,000,000
Closing share capital 2,700,000

8. RELATED PARTY DISCLOSURES

During the course of the financial year, the company acquired freehold property from the company of Ram Tubulars Scotland Limited at a cost of £2.7M which was considered by the directors to be reflective of the fair market value at the time of the transactions. The properties in question are now leased back to Ram Tubulars Scotland Limited and rental income of £146,667 (Net) was charged to this company in the current financial year. As at the financial year end, the balance of debtors includes £176,000 owing by Ram Tubulars Scotland Limited and the balance of creditors includes £1,000 owing to Ram Tubulars Scotland Limited. Both balances are considered short term and repayable on demand.
The director, Mr J.Stewart, is the ultimate controlling party of Ram Tubulars Scotland Limited.

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mr J Stewart.