Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-312025-03-312024-04-01falseNo description of principal activityfalse22falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13202082 2024-04-01 2025-03-31 13202082 2023-04-01 2024-03-31 13202082 2025-03-31 13202082 2024-03-31 13202082 2023-04-01 13202082 c:Director1 2024-04-01 2025-03-31 13202082 d:PlantMachinery 2024-04-01 2025-03-31 13202082 d:PlantMachinery 2025-03-31 13202082 d:PlantMachinery 2024-03-31 13202082 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 13202082 d:MotorVehicles 2024-04-01 2025-03-31 13202082 d:MotorVehicles 2025-03-31 13202082 d:MotorVehicles 2024-03-31 13202082 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 13202082 d:OfficeEquipment 2024-04-01 2025-03-31 13202082 d:OfficeEquipment 2025-03-31 13202082 d:OfficeEquipment 2024-03-31 13202082 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 13202082 d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 13202082 d:FreeholdInvestmentProperty 2024-04-01 2025-03-31 13202082 d:FreeholdInvestmentProperty 2025-03-31 13202082 d:FreeholdInvestmentProperty 2024-03-31 13202082 d:FreeholdInvestmentProperty 2 2024-04-01 2025-03-31 13202082 d:CurrentFinancialInstruments 2025-03-31 13202082 d:CurrentFinancialInstruments 2024-03-31 13202082 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 13202082 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 13202082 d:ShareCapital 2025-03-31 13202082 d:ShareCapital 2024-03-31 13202082 d:RetainedEarningsAccumulatedLosses 2025-03-31 13202082 d:RetainedEarningsAccumulatedLosses 2024-03-31 13202082 d:AcceleratedTaxDepreciationDeferredTax 2025-03-31 13202082 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 13202082 c:FRS102 2024-04-01 2025-03-31 13202082 c:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 13202082 c:FullAccounts 2024-04-01 2025-03-31 13202082 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 13202082 f:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure

Registered number: 13202082









RAMPART VENTURES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2025

 
RAMPART VENTURES LIMITED
REGISTERED NUMBER: 13202082

BALANCE SHEET
AS AT 31 MARCH 2025

2025
2024
Note
£
£

Fixed assets
  

Tangible assets
 4 
18,175
29,590

Investment property
 5 
4,735,000
4,243,946

  
4,753,175
4,273,536

Current assets
  

Cash at bank and in hand
 6 
71,412
123,793

  
71,412
123,793

Creditors: amounts falling due within one year
 7 
(4,931,240)
(4,578,977)

Net current liabilities
  
 
 
(4,859,828)
 
 
(4,455,184)

Total assets less current liabilities
  
(106,653)
(181,648)

Provisions for liabilities
  

Deferred tax
 8 
(4,544)
(7,398)

Net liabilities
  
(111,197)
(189,046)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(111,297)
(189,146)

  
(111,197)
(189,046)


The director considers 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 year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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.

Page 1

 
RAMPART VENTURES LIMITED
REGISTERED NUMBER: 13202082
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2025

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
M J Pratt
Director
Date: 12 July 2025

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
RAMPART VENTURES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.


General information

Rampart Ventures Limited is a company limited by shares incorporated in England and Wales within the United Kingdom. The address of the registered office is C/O Hillier Hopkins LLP, First Floor, Radius House, 51 Clarendon Road, Watford, Hertfordshire, WD17 1HP.
The Company's principal activity is that of the holding and renting out of investment properties.
The financial statements are presented in sterling which is the functional currency of the Company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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.

  
2.2

Revenue

Revenue comprises income recognised by the Company in respect of rents and other property income receivable, exclusive of VAT.

 
2.3

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
RAMPART VENTURES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using both the straight-line method and reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
33%
Straight-line
Motor vehicles
-
25%
Reducing balance
Office equipment
-
33%
Straight-line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
RAMPART VENTURES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

  
2.6

Investment property

Investment property is carried at fair value determined periodically by the directors or 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.

 
2.7

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.

 
2.8

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.

 
2.9

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 in the Company's Balance Sheet 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 set 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, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the
Page 5

 
RAMPART VENTURES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)


2.9
Financial instruments (continued)

estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Basic financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

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

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2024 - 2).

Page 6

 
RAMPART VENTURES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 April 2024
16,552
43,082
1,449
61,083



At 31 March 2025

16,552
43,082
1,449
61,083



Depreciation


At 1 April 2024
11,678
18,849
966
31,493


Charge for the year on owned assets
4,874
6,058
483
11,415



At 31 March 2025

16,552
24,907
1,449
42,908



Net book value



At 31 March 2025
-
18,175
-
18,175



At 31 March 2024
4,874
24,233
483
29,590

Page 7

 
RAMPART VENTURES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

5.


Investment property


Freehold investment property

£



Valuation


At 1 April 2024
4,243,946


Additions at cost
417,371


Surplus on revaluation
73,683



At 31 March 2025
4,735,000

The 2025 valuations were made by the director, on an open market value for existing use basis.



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2025
2024
£
£


Historic cost
4,905,070
4,505,367


6.


Cash and cash equivalents

2025
2024
£
£

Cash at bank and in hand
71,412
123,793



7.


Creditors: Amounts falling due within one year

2025
2024
£
£

Corporation tax
13,100
12,127

Other taxation and social security
1,521
1,472

Other creditors
4,913,469
4,562,378

Accruals and deferred income
3,150
3,000

4,931,240
4,578,977


Page 8

 
RAMPART VENTURES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

8.


Deferred taxation




2025
2024


£

£






At beginning of year
7,398
10,917


Charged to profit or loss
(2,854)
(3,519)



At end of year
4,544
7,398

The provision for deferred taxation is made up as follows:

2025
2024
£
£


Accelerated capital allowances
4,544
7,398


9.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £713 (2024: £713). Contributions totalling £nil (2024: £nil) were payable to the fund at the balance sheet date and are included in creditors.


10.


Related party transactions

At the year end, the Company owed the director £4,906,979 (2024: £4,554,458).

 
Page 9