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Ramsley Finance Limited
Registered Number:02068421
For the year ended 31 March 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2024
Ramsley Finance Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
02068421
As at 31 March 2024
Ramsley Finance Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
311
366
2
311
366
Current assets
Trade and other receivables
23,168
22,146
3
19,515
Cash and cash equivalents
14,646
36,792
42,683
Trade and other payables: amounts falling due within one
year
(14,383)
(12,215)
4
28,300
24,577
Net current assets
Total assets less current liabilities
24,888
28,666
Trade and other payables: amounts falling due after more
than one year
(22,401)
(19,370)
5
(59)
(70)
Provisions for liabilities
5,459
Net assets
6,195
Capital and reserves
Called up share capital
3
3
Retained earnings
5,456
6,192
5,459
6,195
Shareholders' funds
For the year ended 31 March 2024 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 of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
A F Brown Director
These financial statements were approved and authorised for issue by the Board on 04 March 2025 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 March 2024
Ramsley Finance Limited
Notes to the Financial Statements
Statutory Information
Ramsley Finance Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 02068421.
Registered address:
6 Russell Street
Waterhouses
Co Durham
DH7 9AR
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises interest earned net of rebates in the accounting period.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
15% Reducing balance
Equipment
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
2. Property, plant and equipment
Equipment
£
Cost or
valuation
At 01 April 2023
6,952
At 31 March 2024
6,952
Provision for depreciation and impairment
At 01 April 2023
6,586
Charge for year
55
At 31 March 2024
6,641
At 31 March 2024
Net book value
311
At 31 March 2023
366
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5
For the year ended 31 March 2024
Ramsley Finance Limited
Notes to the Financial Statements Continued
3. Trade and other receivables
2023
2024
£
£
Trade debtors
22,146
23,168
4. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft (secured)
3,101
3,170
Taxation and social security
1,244
257
Other creditors
7,870
10,956
12,215
14,383
5. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft (secured)
19,370
22,401
6. Related party transactions
Transactions with Directors:
Included in other creditors is £5,270 owing to the director Mr A F Brown ( 2023 £7,243) The loan is unsecured,
interest free and repayable on demand.
The company bank loan is secured by personal guarantee from the directors.
The ultimate controlling party was Mr A F Brown, a director and shareholder of the company.
7. Average number of persons employed
During the year the average number of employees was 1 (2023 : 1)
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