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REGISTERED NUMBER: 02494889 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Ramscove Limited

Ramscove Limited (Registered number: 02494889)






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


Ramscove Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: D J Soley
S J Soley





SECRETARY: S J Soley





REGISTERED OFFICE: Sadberge Hall
Sadberge
DARLINGTON
Co Durham
DL2 1RL





REGISTERED NUMBER: 02494889 (England and Wales)





ACCOUNTANTS: Clive Owen LLP
Chartered Accountants
140 Coniscliffe Road
DARLINGTON
Co Durham
DL3 7RT

Ramscove Limited (Registered number: 02494889)

Balance Sheet
31 December 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 84,009 79,133
Investments 5 12,300,050 12,300,050
12,384,059 12,379,183

CURRENT ASSETS
Stocks 6 18,928 18,928
Debtors 7 102,500 203,192
Cash at bank 776,398 798,249
897,826 1,020,369
CREDITORS
Amounts falling due within one year 8 (88,142 ) (98,513 )
NET CURRENT ASSETS 809,684 921,856
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,193,743

13,301,039

CREDITORS
Amounts falling due after more than one year 9 - (23,955 )

PROVISIONS FOR LIABILITIES 10 (3,040,991 ) (3,039,095 )
NET ASSETS 10,152,752 10,237,989

Ramscove Limited (Registered number: 02494889)

Balance Sheet - continued
31 December 2024

2024 2023
Notes £    £   
CAPITAL AND RESERVES
Called up share capital 11 2 2
Capital redemption reserve 199,998 199,998
Investment revaluation reserve 9,159,412 9,159,412
Retained earnings 793,340 878,577
SHAREHOLDERS' FUNDS 10,152,752 10,237,989

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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 July 2025 and were signed on its behalf by:





D J Soley - Director


Ramscove Limited (Registered number: 02494889)

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

1. STATUTORY INFORMATION

Ramscove 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

There were no material departures from that standard.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

Income recognition
Income is recognised when the service has been provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Stables and equipment - 10% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on reducing balance & 25% on cost

Stocks
Stocks are valued at the lower of cost and estimated selling price less costs to sell.

Financial instruments
Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


Ramscove Limited (Registered number: 02494889)

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.

Investments
Investments in shares are held at most recent valuation less impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Stables Fixtures
and and Motor
equipment fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2024 547,763 42,130 67,276 657,169
Additions 19,169 3,003 - 22,172
At 31 December 2024 566,932 45,133 67,276 679,341
DEPRECIATION
At 1 January 2024 500,964 37,477 39,595 578,036
Charge for year 8,448 1,928 6,920 17,296
At 31 December 2024 509,412 39,405 46,515 595,332
NET BOOK VALUE
At 31 December 2024 57,520 5,728 20,761 84,009
At 31 December 2023 46,799 4,653 27,681 79,133

Ramscove Limited (Registered number: 02494889)

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

5. FIXED ASSET INVESTMENTS
Shares in
participating
interest
£   
COST OR VALUATION
At 1 January 2024
and 31 December 2024 12,300,050
NET BOOK VALUE
At 31 December 2024 12,300,050
At 31 December 2023 12,300,050

Cost or valuation at 31 December 2024 is represented by:

Shares in
participating
interest
£   
Valuation in 2015 12,190,000
Cost 110,050
12,300,050

6. STOCKS
2024 2023
£    £   
Livestock 18,928 18,928

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors - 12,437
Directors' loan accounts 100,864 189,656
Prepayments and accrued income 1,636 1,099
102,500 203,192

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 19,801 30,578
Trade creditors 4,561 7,800
Taxation and social security 57,470 55,525
Accruals and deferred income 6,310 4,610
88,142 98,513

Ramscove Limited (Registered number: 02494889)

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

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years - 23,955

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 3,040,991 3,039,095

Deferred
tax
£   
Balance at 1 January 2024 3,039,095
Accelerated capital allowances 1,896
Balance at 31 December 2024 3,040,991

11. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary shares £1 2 2

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

2024 2023
£    £   
D J Soley
Balance outstanding at start of year 94,828 108,175
Amounts advanced 66,241 101,717
Amounts repaid (110,637 ) (115,064 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 50,432 94,828

S J Soley
Balance outstanding at start of year 94,828 108,175
Amounts advanced 66,241 101,717
Amounts repaid (110,637 ) (115,064 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 50,432 94,828

Ramscove Limited (Registered number: 02494889)

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

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

No interest has been charged on the loan.