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REGISTERED NUMBER: 13198377 (England and Wales)















Financial Statements for the Year Ended 31 December 2024

for

Ram Power UK Services Ltd

Ram Power UK Services Ltd (Registered number: 13198377)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Ram Power UK Services Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTOR: Mr M Gori





REGISTERED OFFICE: Brennan House
Farnborough Aerospace Centre Business
Park
Farnborough
GU14 6XR





REGISTERED NUMBER: 13198377 (England and Wales)





AUDITORS: WP Audit Limited
Statutory Auditors
TOR
Saint-Cloud Way
Maidenhead
Berkshire
SL6 8BN

Ram Power UK Services Ltd (Registered number: 13198377)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 5,198 -

CURRENT ASSETS
Debtors 5 117,937 385,471
Cash at bank 417,487 267,543
535,424 653,014
CREDITORS
Amounts falling due within one year 6 (185,533 ) (385,719 )
NET CURRENT ASSETS 349,891 267,295
TOTAL ASSETS LESS CURRENT LIABILITIES 355,089 267,295

PROVISIONS FOR LIABILITIES (1,299 ) -
NET ASSETS 353,790 267,295

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 343,790 257,295
353,790 267,295

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 19 May 2025 and were signed by:





Mr M Gori - Director


Ram Power UK Services Ltd (Registered number: 13198377)

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

1. STATUTORY INFORMATION

Ram Power UK Services 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
In the application of the company's accounting policies the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The company does not make significant estimates and assumptions concerning the future.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Income is recognised when the service is provided and when the sale is made.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost

Financial instruments
Basic financial instruments are recognised at amortised cost using the effective interest method, except for investments in non-convertible preference and non-puttable preference and ordinary shares, which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value, with changes recognised in profit and 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.


Ram Power UK Services Ltd (Registered number: 13198377)

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 5,670
At 31 December 2024 5,670
DEPRECIATION
Charge for year 472
At 31 December 2024 472
NET BOOK VALUE
At 31 December 2024 5,198

5. DEBTORS
31.12.24 31.12.23
£    £   
Amounts falling due within one year:
Trade debtors 52,480 369,557
Amounts owed by group undertakings 41,469 -
Other debtors 18,842 10,768
112,791 380,325

Ram Power UK Services Ltd (Registered number: 13198377)

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

5. DEBTORS - continued
31.12.24 31.12.23
£    £   
Amounts falling due after more than one year:
Other debtors 5,146 5,146

Aggregate amounts 117,937 385,471

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 2,005 2,535
Amounts owed to group undertakings - 355,572
Taxation and social security 28,391 828
Other creditors 155,137 26,784
185,533 385,719

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.24 31.12.23
£    £   
Within one year 18,600 18,316
Between one and five years 3,100 3,100
21,700 21,416

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Philippa Duckworth BSc FCCA (Senior Statutory Auditor)
for and on behalf of WP Audit Limited

9. ULTIMATE CONTROLLING PARTY

The company is a wholly-owned subsidiary of RAM Power S.R.L. registered in Italy. The registered office of RAM Power S.R.L. is Via dello Steccuto 38/40, 50141, Firenze, Italy.

The ultimate controlling party is considered to be Gianluca Zaccarini who indirectly owns the controlling shares in RAM Power UK Services Limited.