REGISTERED NUMBER: SC683016 (Scotland)

Financial Statements for the Year Ended 31 December 2024

for

Ronasramblings Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Miss R J Yard

REGISTERED OFFICE:

Beinn Seallach

Camaghael

Fort William

Inverness-shire

PH33 7NF

REGISTERED NUMBER:

SC683016 (Scotland)

ACCOUNTANTS:

Highland Accountancy Practice

Chartered Accountants

Suite 1A, Willow House

Stoneyfield Business Park

Inverness

Highland

IV2 7PA

FIXED ASSETS

Investment property

4

550,000

569,500

CURRENT ASSETS

Debtors

17,762

11,946

Cash at bank

109,948

75,686

127,710

87,632

CREDITORS

Amounts falling due within one year

583,954

573,942

NET CURRENT LIABILITIES

(456,244

)

(486,310

)

TOTAL ASSETS LESS CURRENT LIABILITIES

93,756

83,190

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

93,746

83,180

SHAREHOLDERS' FUNDS

93,756

83,190

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 director acknowledges her 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 22 September 2025 and were signed by:

Miss R J Yard - Director

1.	STATUTORY INFORMATION

Ronasramblings Ltd is a private company, limited by shares , registered in Scotland. 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 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 as modified by the revaluation of certain assets.

Investment property

Investment property will be shown at its most recent valuation. Any surplus or deficit arising from changes in fair value is recognised in profit or loss.

In the year of acquisition (2021), the investment property was included at full cost to the company as the director believed this to be the current market valuation, as this was the amount paid to acquire the property on an arms length deal.

It will be revalued regularly in line with FRS 102 requirements. Due to their being no external borrowings and the undue cost in revaluations being undertaken, the director has agreed to a third party revaluation every third year.

An arms length valuation was placed on the property as at 31 December 2024.

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.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

569,500

Impairments

(19,500

)

At 31 December 2024

550,000

NET BOOK VALUE

At 31 December 2024

550,000

At 31 December 2023

569,500

Fair value at 31 December 2024 is represented by:

£

Valuation in 2024

(19,500

)

Cost

569,500

550,000

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

31.12.24

31.12.23

£

£

Miss R J Yard

Balance outstanding at start of year

(572,754

)

(572,489

)

Amounts advanced

-

215

Amounts repaid

(10,000

)

(480

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(582,754

)

(572,754

)