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REGISTERED NUMBER: 07292372 (England and Wales)












RAM CAPITAL LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






RAM CAPITAL LIMITED (REGISTERED NUMBER: 07292372)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RAM CAPITAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: A E Davies
G J Davies
J A Davies
R G Davies
Mrs S M Robinson



SECRETARY: G J Davies



REGISTERED OFFICE: 14-20 Bell Street
Romsey
Hampshire
SO51 8ZE



REGISTERED NUMBER: 07292372 (England and Wales)



SOLICITORS: Marriott Harrison
Staple Court
11 Staple Inn Buildings
London
WC1V 7QH

RAM CAPITAL LIMITED (REGISTERED NUMBER: 07292372)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £ £
FIXED ASSETS
Tangible assets 4 103,416 120,882
Investment property 5 23,250,000 21,025,000
23,353,416 21,145,882

CURRENT ASSETS
Debtors 6 443,672 483,390
Cash at bank 605,173 514,620
1,048,845 998,010
CREDITORS
Amounts falling due within one year 7 (11,616,617 ) (1,022,390 )
NET CURRENT LIABILITIES (10,567,772 ) (24,380 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,785,644

21,121,502

CREDITORS
Amounts falling due after more than one
year

8

1,381,680

12,407,704

PROVISIONS FOR LIABILITIES 10 1,275,697 717,775

CAPITAL AND RESERVES
Called up share capital 11 1,000 1,000
Non- distributable reserve 5,677,477 4,008,725
Retained earnings 4,449,790 3,986,298
10,128,267 7,996,023
12,785,644 21,121,502

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

RAM CAPITAL LIMITED (REGISTERED NUMBER: 07292372)

BALANCE SHEET - continued
31 DECEMBER 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 May 2025 and were signed on its behalf by:





G J Davies - Director


RAM CAPITAL LIMITED (REGISTERED NUMBER: 07292372)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

RAM Capital Limited 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 FRS 102 "The Financial Reporting Standards applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies' regime.

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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

Turnover
The turnover shown in the profit and loss account represents the amounts receivable in relation to rental income, exclusive of Value Added Tax, and is recognised in the period in which it relates. Any rental income received in advance is deferred to the appropriate period.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - Straight line over 10 years

Investment property
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit arising from changes in fair value is recognised in profit or loss.

RAM CAPITAL LIMITED (REGISTERED NUMBER: 07292372)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments.

Financial Instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to sett off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic Financial Assets
Basic financial assets, which include trade and other debtors and cash and bank balances are initially measured at the transaction price including costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the financial asset is measured at the present value of future receipts discounted at a market rate of interest.

Classification of Financial Liabilities
Financial Liabilities are classified according to the substance of the contractual agreements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting its liabilities.

Basic Financial Liabilities
Basic financial liabilities, including trade and other creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of future payments discounted at the market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Equity Instruments
Equity instruments issued by the company are recorded at fair value of proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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.


RAM CAPITAL LIMITED (REGISTERED NUMBER: 07292372)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


2. ACCOUNTING POLICIES - continued
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.

Cash and cash equivalents
Cash and Cash Equivalents are basic financial instruments and include cash in hand and deposits held at call with banks.

Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest rate method so that the amount charged is at a constant rate on the carrying amount.

There was an interest rate swap in place at the year end, which expired in February 2025. This has not been accounted for in these accounts, as it is not deemed material.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£
COST
At 1 January 2024
and 31 December 2024 174,662
DEPRECIATION
At 1 January 2024 53,780
Charge for year 17,466
At 31 December 2024 71,246
NET BOOK VALUE
At 31 December 2024 103,416
At 31 December 2023 120,882


RAM CAPITAL LIMITED (REGISTERED NUMBER: 07292372)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


5. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 January 2024 21,025,000
Revaluations 2,225,000
At 31 December 2024 23,250,000
NET BOOK VALUE
At 31 December 2024 23,250,000
At 31 December 2023 21,025,000

Investment properties were valued on an open market basis on 31 December 2024 by the directors of the company.

The historical cost of the investment property is £16,491,444 (2023 - £16,491,444).

Fair value at 31 December 2024 is represented by:
£
Valuation in 2024 23,250,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 135,819 71,228
Other debtors 307,853 412,162
443,672 483,390

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 11,040,000 452,710
Trade creditors 56,040 57,636
Taxation and social security 230,467 217,329
Other creditors 290,110 294,715
11,616,617 1,022,390

Bank loans totalling £11,030,000 shown with amounts due within one year were renegotiated after the year end with a new lender.

RAM CAPITAL LIMITED (REGISTERED NUMBER: 07292372)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Bank loans 5,834 11,031,858
Other creditors 1,375,846 1,375,846
1,381,680 12,407,704

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£ £
Bank Loans 11,030,000 11,530,000

The bank loans are secured by means of legal charges over the assets of the company.

10. PROVISIONS FOR LIABILITIES

20242023
£   £   
Deferred tax liabilities brought forward
Accelerated capital allowances192,942190,636
Investment property524,833524,833

Movement in provisions
Accelerated capital allowances1,6742,306
Investment property556,248-

Deferred tax liabilities carried forward
Accelerated capital allowances194,616192,942
Investment property1,081,081524,833

Total1,275,697717,775

RAM CAPITAL LIMITED (REGISTERED NUMBER: 07292372)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


11. CALLED UP SHARE CAPITAL

Called up Share Capital
2024 2023
£    £   
Ordinary Share Capital
Issued and fully paid
250 Ordinary A shares of 10p each 25 25
250 Ordinary B shares of 10p each 25 25
250 Ordinary C shares of 10p each 25 25
250 Ordinary D shares of 10p each 25 25
1,500 Ordinary G shares of 10p each 150 150
1,125 Ordinary H shares of 10p each 113 113
1,125 Ordinary J shares of 10p each 113 113
1,500 Ordinary L shares of 10p each 150 150
1,125 Ordinary M shares of 10p each 112 112
1,125 Ordinary R shares of 10p each 112 112
1,500 Ordinary S shares of 10p each 150 150
1,000 1,000

The Ordinary A and Ordinary B shares have attached to them full voting rights.

The Ordinary C, D, G, H, J, L, M, R and S shares carry no voting rights.

12. POST BALANCE SHEET EVENTS

In January 2025, after the year end, the company renegotiated bank loans totalling £12,500,000 with a new lender, Natwest. They have been used to clear the current bank loans totalling £11,030,000 and 'Other creditors' of £1,375,845.

Both of these loans are secured by means of legal charges over the assets of the company.