Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-302024-09-30true2023-09-13falseHolding Company2trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 15136122 2023-09-12 15136122 2023-09-13 2024-09-30 15136122 2022-09-13 2023-09-12 15136122 2024-09-30 15136122 c:Director1 2023-09-13 2024-09-30 15136122 d:FreeholdInvestmentProperty 2023-09-13 2024-09-30 15136122 d:FreeholdInvestmentProperty 2024-09-30 15136122 d:CurrentFinancialInstruments 2024-09-30 15136122 d:Non-currentFinancialInstruments 2024-09-30 15136122 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 15136122 d:Non-currentFinancialInstruments d:AfterOneYear 2024-09-30 15136122 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-09-30 15136122 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-09-30 15136122 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-09-30 15136122 d:ShareCapital 2024-09-30 15136122 d:RetainedEarningsAccumulatedLosses 2023-09-13 2024-09-30 15136122 d:RetainedEarningsAccumulatedLosses 2024-09-30 15136122 c:OrdinaryShareClass1 2023-09-13 2024-09-30 15136122 c:OrdinaryShareClass1 2024-09-30 15136122 c:FRS102 2023-09-13 2024-09-30 15136122 c:AuditExempt-NoAccountantsReport 2023-09-13 2024-09-30 15136122 c:FullAccounts 2023-09-13 2024-09-30 15136122 c:PrivateLimitedCompanyLtd 2023-09-13 2024-09-30 15136122 2 2023-09-13 2024-09-30 15136122 6 2023-09-13 2024-09-30 15136122 e:PoundSterling 2023-09-13 2024-09-30 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 15136122









RAAM GROUP LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 30 SEPTEMBER 2024

 
RAAM GROUP LIMITED
REGISTERED NUMBER: 15136122

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
Note
£

Fixed assets
  

Investments
 4 
1,002

Investment property
  
1,281,274

  
1,282,276

Current assets
  

Debtors: amounts falling due within one year
 6 
82,952

Cash at bank and in hand
 7 
195,982

  
278,934

Creditors: amounts falling due within one year
  
(41,873)

Net current assets
  
 
 
237,061

Total assets less current liabilities
  
1,519,337

Creditors: amounts falling due after more than one year
 9 
(789,149)

  

Net assets
  
730,188


Capital and reserves
  

Called up share capital 
 11 
1,000

Profit and loss account
 12 
729,188

  
730,188


Page 1

 
RAAM GROUP LIMITED
REGISTERED NUMBER: 15136122
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 7 April 2025.




M Kolodziejczyk
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
RAAM GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

Raam Group Limited ("the Company") is a private company limited by shares, incorporated in England and Wales. Its registration number is 15136122. The registered office is Unit 8 Queensway,Enfield, EN3 4SB
The principal activity of the company is that of a holding company.
These financial statements represent the period from 13 September 2023 to 30 September 2024.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Exemption from preparing consolidated financial statements

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
RAAM GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

 
2.7

Investment property

Investment property is carried at fair value determined annually by external valuers 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. Changes in fair value are recognised in profit or loss.

 
2.8

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees




The average monthly number of employees, including directors, during the period was 2.

Page 4

 
RAAM GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


Additions
1,002



At 30 September 2024
1,002





5.


Investment property


Freehold investment property

£



Valuation


Additions at cost
1,281,274



At 30 September 2024
1,281,274

The 2024 valuations were made by the directors, on an open market value for existing use basis.




Page 5

 
RAAM GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

6.


Debtors

2024
£


Amounts owed by group undertakings
14,295

Other debtors
65,387

Prepayments and accrued income
3,270

82,952



7.


Cash and cash equivalents

2024
£

Cash at bank and in hand
195,982

195,982



8.


Creditors: Amounts falling due within one year

2024
£

Bank loans
23,498

Other creditors
18,375

41,873



9.


Creditors: Amounts falling due after more than one year

2024
£

Bank loans
789,149

789,149


Page 6

 
RAAM GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

10.


Loans


Analysis of the maturity of loans is given below:


2024
£

Amounts falling due within one year

Bank loans
23,498

Amounts falling due 1-2 years

Bank loans
20,460

Amounts falling due 2-5 years

Bank loans
70,859

Amounts falling due after more than 5 years

Bank loans
697,830

812,647


Bank loans of £812,647 are secured against the investment property of the company and cross guarantees from a subsidiary company and the directors.


11.


Share capital

2024
£
Allotted, called up and fully paid


1,000 Ordinary shares of £1.00 each
1,000


During the period 1,000 Ordinary shares were issued at par value. 998 of these ordinary shares were issued as part of a share for share exchange.


12.


Reserves

Profit and loss account

The profit and loss account comprises of accumulated profits and losses, less dividends and other adjustments.


13.


Related party transactions

Included within other debtors are amounts due from the directors of £65,837. Interest has been charged at HMRC's official rate.
Included within debtors are amounts due from subsidiary companies of £14,295.

Page 7

 
RAAM GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

14.


Controlling party

The controlling party of the company are its directors by virtue of majority shareholdings.

 
Page 8