REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
FOR |
RAM JV LLP |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
FOR |
RAM JV LLP |
RAM JV LLP (REGISTERED NUMBER: OC349297) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the year ended 30 September 2024 |
Page |
General Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Chartered Accountants' Report | 7 |
RAM JV LLP |
GENERAL INFORMATION |
for the year ended 30 September 2024 |
DESIGNATED MEMBERS: | J M Robson |
J G Robson |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Linden House |
Linden Close |
Tunbridge Wells |
Kent |
TN4 8HH |
RAM JV LLP (REGISTERED NUMBER: OC349297) |
BALANCE SHEET |
30 September 2024 |
30.9.24 | 30.9.23 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CREDITORS |
Amounts falling due after more than one year |
7 |
NET LIABILITIES ATTRIBUTABLE TO MEMBERS |
(579,513 |
) |
(569,931 |
) |
RAM JV LLP (REGISTERED NUMBER: OC349297) |
BALANCE SHEET - continued |
30 September 2024 |
30.9.24 | 30.9.23 |
Notes | £ | £ | £ | £ |
LOANS AND OTHER DEBTS DUE TO MEMBERS |
8 |
800,000 |
800,000 |
MEMBERS' OTHER INTERESTS |
Capital accounts | 70 | 70 |
Other reserves | ( |
) | ( |
) |
(579,513 | ) | (569,931 | ) |
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 8 | 800,000 | 800,000 |
Members' other interests | (1,379,513 | ) | (1,369,931 | ) |
(579,513 | ) | (569,931 | ) |
The members acknowledge their responsibilities for: |
(a) | ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP. |
The financial statements were approved by the members of the LLP and authorised for issue on |
RAM JV LLP (REGISTERED NUMBER: OC349297) |
NOTES TO THE FINANCIAL STATEMENTS |
for the year ended 30 September 2024 |
1. | STATUTORY INFORMATION |
RAM JV LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The presentation currency of the financial statements is the Pound Sterling (£). |
Going concern |
After reviewing the LLP's forecasts and projections, the members have a reasonable expectation that the LLP has adequate resources to continue in operational existence for the foreseeable future. The LLP therefore continues to adopt the going concern basis in preparing its financial statements. |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost less any provision for impairment. |
Finance costs |
Finance costs are charged to the Statement of income and retained earnings 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. |
Debtors |
Short term debtors are measured at transaction price, less any impairment. |
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. |
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. |
3. | EMPLOYEE INFORMATION |
The average number of employees during the year was NIL (2023 - NIL). |
RAM JV LLP (REGISTERED NUMBER: OC349297) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 30 September 2024 |
4. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertaking |
£ |
COST |
At 1 October 2023 |
and 30 September 2024 |
PROVISIONS |
At 1 October 2023 |
and 30 September 2024 | 1,507,499 |
NET BOOK VALUE |
At 30 September 2024 |
At 30 September 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.9.24 | 30.9.23 |
£ | £ |
Amounts owed by group undertakings |
Other debtors |
VAT |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.9.24 | 30.9.23 |
£ | £ |
Trade creditors |
Amounts owed to group undertakings |
Other creditors |
Accrued expenses |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
30.9.24 | 30.9.23 |
£ | £ |
Other creditors |
Included within other creditors falling due after more than one year is an interest free loan of £500,000 due to a non-related third party, which has been recognised at present value and discounted over 25 years using an effective interest rate of 12%. The LLP is required to repay the lender in full in November 2041. |
RAM JV LLP (REGISTERED NUMBER: OC349297) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 30 September 2024 |
8. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
30.9.24 | 30.9.23 |
£ | £ |
Loans from members | 800,000 | 800,000 |
Falling due within one year | 800,000 | 800,000 |
Loans and other debts due to members rank equally with debts due to ordinary creditors in the event of a winding up. |
9. | RELATED PARTY DISCLOSURES |
At the period end, the LLP was owed £908,964 (2023: £910,729) of loans, from its wholly owned subsidiary Robson Asset Management Limited. This balance is included within amounts owed by group undertakings. |
At the period end, the LLP was owed £5,500 (2023: £5,500) from Robson Asset Management International LLP, its immediate parent undertaking. This balance is included within amounts owed by group undertakings. |
At the period end, the LLP owed £1,385,805 (2023: £1,385,805) of accrued service expenses, to its wholly owned subsidiary Robson Asset Management Limited. This balance is included within amounts owed to group undertakings. |
At the period end, the LLP owed £6,360 (2023: £6,360) of loans, to Robson Asset Management Manco Limited, a subsidiary of its immediate parent undertaking. This balance is included within amounts owed to group undertakings. |
At the period end, the LLP owed £241 (2023: was owed £75) of loans, from RAM Alpine Management Company Limited, a company in which a designated member of the LLP is also a director. This balance is included within other creditors. |
CHARTERED ACCOUNTANTS' REPORT TO THE MEMBERS |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
RAM JV LLP |
The following reproduces the text of the report prepared for the members in respect of the LLP's annual unaudited financial statements. In accordance with the Companies Act 2006, the LLP is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Members are not required to be filed with the Registrar of Companies. |
In order to assist you to fulfil your duties under the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have prepared for your approval the financial statements of RAM JV LLP for the year ended 30 September 2024 which comprise the Statement of Comprehensive Income, Balance Sheet, Reconciliation of Members' Interests and the related notes from the LLP's accounting records and from information and explanations you have given us. |
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
This report is made solely to the members of RAM JV LLP, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of RAM JV LLP and state those matters that we have agreed to state to the members of RAM JV LLP, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than RAM JV LLP and its members, as a body, for our work or for this report. |
It is your duty to ensure that RAM JV LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of RAM JV LLP. You consider that RAM JV LLP is exempt from the statutory audit requirement for the year. |
We have not been instructed to carry out an audit or a review of the financial statements of RAM JV LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
Linden House |
Linden Close |
Tunbridge Wells |
Kent |
TN4 8HH |