REGISTERED NUMBER: 01674500 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 24 MARCH 2025

FOR

RAMSDEN DEVELOPMENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J M Quinlan

P Quinlan

P J Quinlan

REGISTERED OFFICE:

One Eastwood

Harry Weston Road

Binley Business Park

Coventry

CV3 2UB

REGISTERED NUMBER:

01674500 (England and Wales)

ACCOUNTANTS:

Dafferns LLP

One Eastwood

Harry Weston Road

Binley Business Park

Coventry

CV3 2UB

FIXED ASSETS

Tangible assets

5

5,655,471

5,146,955

CURRENT ASSETS

Debtors

6

1,216,667

1,061,087

Cash at bank

742,775

723,279

1,959,442

1,784,366

CREDITORS

Amounts falling due within one year

7

290,740

264,976

NET CURRENT ASSETS

1,668,702

1,519,390

TOTAL ASSETS LESS CURRENT LIABILITIES

7,324,173

6,666,345

CREDITORS

Amounts falling due after more than one year

8

(1,452,612

)

(1,385,000

)

PROVISIONS FOR LIABILITIES

(255,000

)

(140,000

)

NET ASSETS

5,616,561

5,141,345

CAPITAL AND RESERVES

Called up share capital

10

100

100

Investment property

revaluation reserve

11

2,794,699

2,454,915

Retained earnings

2,821,762

2,686,330

SHAREHOLDERS' FUNDS

5,616,561

5,141,345

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 24 March 2025.

The members have not required the Company to obtain an audit of its financial statements for the year ended 24 March 2025 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 December 2025 and were signed on its behalf by:

P J Quinlan - Director

1.	STATUTORY INFORMATION

Ramsden Developments 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.

The presentation currency of the financial statements is the Pound Sterling (£) and rounded to the nearest £1.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover represents the value of rents and services invoiced to customers during the year, excluding value added tax.

Tangible fixed assets

Tangible fixed assets are recognised at cost and subsequently measured under the historical cost model being cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes any direct expenditure incurred to bring the asset to its current location and condition necessary for the asset to work as intended by management.

Repairs and maintenance costs are charged to the Income Statement in the period in which they are incurred.

Depreciation is calculated so as to write off the cost of tangible fixed assets by equal installments over their estimated useful lives as follows:-

Fixture and fittings

-

15 % on reducing balance

Freehold property

-

not depreciated

Any gains and losses on the disposal of tangible fixed assets are recognised in the Income Statement in the year that the disposal takes place.

Investment property

In accordance with the Financial Reporting Standard 102, investment properties are shown in the Balance Sheet at fair value, with any aggregate surplus or deficit recognised in the Income Statement. Deferred tax is provided on any gain at the rate expected to apply if the property were sold. No depreciation is provided in respect of investment properties.

Financial instruments

Basic financial instruments in debtors and creditors with no stated interest rate, and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the Income Statement in other administrative expenses.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - 3 ).

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

property

fittings

Totals

£

£

£

COST OR VALUATION

At 25 March 2024

5,146,955

1,173

5,148,128

Additions

-

60,924

60,924

Revaluations

453,045

-

453,045

At 24 March 2025

5,600,000

62,097

5,662,097

DEPRECIATION

At 25 March 2024

-

1,173

1,173

Charge for year

-

5,453

5,453

At 24 March 2025

-

6,626

6,626

NET BOOK VALUE

At 24 March 2025

5,600,000

55,471

5,655,471

At 24 March 2024

5,146,955

-

5,146,955

Cost or valuation at 24 March 2025 is represented by:

Fixtures

Freehold

and

property

fittings

Totals

£

£

£

Valuation in 2019

2,594,915

-

2,594,915

Valuation in 2025

453,045

-

453,045

Cost

2,552,040

62,097

2,614,137

5,600,000

62,097

5,662,097

The freehold land and buildings were valued on an open market basis on 18 March 2019 by Cushman & Wakefield. In the opinion of the directors, the properties have increased in value since this professional valuation and have been revalued in the year to 24 March 2025.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

113,498

127,727

Amounts owed by group undertakings

1,074,461

903,261

Other debtors

17,732

23,157

VAT

-

2,412

Prepayments and accrued income

10,976

4,530

1,216,667

1,061,087

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

39,000

60,000

Trade creditors

5,751

3,638

Tax

53,709

88,951

VAT

41,733

-

Other creditors

882

881

Accruals and deferred income

149,665

111,506

290,740

264,976

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 2-5 years

1,452,612

1,385,000

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

1,491,612

1,445,000

The bank loan is secured by a debenture on all the assets and undertakings of the Company and by legal charge over its property. The loan is for 5 years from 17 December 2024 with gross repayments of £141,264 per annum. Interest is charged at 6.9% per annum.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

1

100

100

11.

RESERVES

Investment

property

revaluation

reserve

£

At 25 March 2024

2,454,915

Revaluation gain/loss transfer

453,045

Deferred tax

(113,261

)

At 24 March 2025

2,794,699

12.	RELATED PARTY DISCLOSURES

The Company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

13.	ULTIMATE CONTROLLING PARTY

The Company's ultimate parent company is Pikemere Limited, whose registered number is 02440406 and registered office is One Eastwood, Harry Weston Road, Binley Business Park, Coventry, CV3 2UB.