THE RAMSAY ARMS LIMITED

Company Registration Number:
SC763455 (Scotland)

Unaudited statutory accounts for the year ended 30 April 2024

Period of accounts

Start date: 23 March 2023

End date: 30 April 2024

THE RAMSAY ARMS LIMITED

Contents of the Financial Statements

for the Period Ended 30 April 2024

Directors report
Balance sheet
Additional notes
Balance sheet notes

THE RAMSAY ARMS LIMITED

Directors' report period ended 30 April 2024

The directors present their report with the financial statements of the company for the period ended 30 April 2024

Principal activities of the company

operation of a Restaurant and Bar



Directors

The director shown below has held office during the whole of the period from
23 March 2023 to 30 April 2024

Mr D Dick Reid


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
23 May 2025

And signed on behalf of the board by:
Name: Mr D Dick Reid
Status: Director

THE RAMSAY ARMS LIMITED

Balance sheet

As at 30 April 2024

Notes 13 months to 30 April 2024


£
Fixed assets
Tangible assets: 3 3,739
Total fixed assets: 3,739
Current assets
Debtors: 4 19,204
Cash at bank and in hand: 8,543
Total current assets: 27,747
Creditors: amounts falling due within one year: 5 ( 270,628 )
Net current assets (liabilities): (242,881)
Total assets less current liabilities: (239,142)
Total net assets (liabilities): (239,142)
Capital and reserves
Called up share capital: 4
Profit and loss account: (239,146 )
Total Shareholders' funds: ( 239,142 )

The notes form part of these financial statements

THE RAMSAY ARMS LIMITED

Balance sheet statements

For the year ending 30 April 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 23 May 2025
and signed on behalf of the board by:

Name: Mr D Dick Reid
Status: Director

The notes form part of these financial statements

THE RAMSAY ARMS LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied, shown Net of Vat and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates. When cash inflows are deferred and represent a financial arrangement, the fair value of the consideration is the present value of future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer, the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

    Tangible fixed assets depreciation policy

    Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent impairment losses.

    Other accounting policies

    Cash and cash equivalents Cash and cash equivalents are basic financial assets that include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. Deferred Taxation Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference Corporation Tax The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Going concern After reviewing the forecasts and projections, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing it financial statements. Financial Instruments The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price, including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial Assets classified as receivable within one year are not amortised. Financial assets are derecognised only when contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and subsequently all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party. Basic financial liabilities, including trade and other creditors, bank loans and other loans, are initially recognised at transaction price unless the arrangement constitutes a financial transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Financial assets and liabilities are derecognised when the contractual rights to the cash flows from the asset expire or are settled and when the company’s contractual obligations expire or are discharged or cancelled.

THE RAMSAY ARMS LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 2. Employees

    13 months to 30 April 2024
    Average number of employees during the period 5

THE RAMSAY ARMS LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
Additions 4,445 4,445
Disposals
Revaluations
Transfers
At 30 April 2024 4,445 4,445
Depreciation
Charge for year 706 706
On disposals
Other adjustments
At 30 April 2024 706 706
Net book value
At 30 April 2024 3,739 3,739

THE RAMSAY ARMS LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

4. Debtors

13 months to 30 April 2024
£
Trade debtors 6,271
Other debtors 12,933
Total 19,204

THE RAMSAY ARMS LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

5. Creditors: amounts falling due within one year note

13 months to 30 April 2024
£
Trade creditors 56,996
Taxation and social security 17,406
Accruals and deferred income 1,500
Other creditors 194,726
Total 270,628