Registration number: 09547284

RAMVS LIMITED

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 11

RAMVS LIMITED

Company Information

Director

Mrs Ramona Seth

Registered office

226 Battersea Park Road London SW11 4ND

RAMVS LIMITED

(Registration number: 09547284)
Balance Sheet as at 31 March 2025

	Note	31 March 2025 £	31 March 2024 £
Fixed assets
Intangible assets	4	477,910	477,910
Tangible assets	5	798,720	636,023
		1,276,630	1,113,933
Current assets
Stocks	6	9,939	9,939
Debtors	7	-	78,510
Cash at bank and in hand		310,266	308,511
		320,205	396,960
Creditors: Amounts falling due within one year	8	(218,414)	(30,826)
Net current assets		101,791	366,134
Total assets less current liabilities		1,378,421	1,480,067
Creditors: Amounts falling due after more than one year	8	(1,016,924)	(1,028,787)
Net assets		361,497	451,280
Capital and reserves
Called up share capital	9	100	100
Retained earnings		361,397	451,180
Shareholders' funds		361,497	451,280

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the director on 21 October 2025
 

RAMVS LIMITED

(Registration number: 09547284)
Balance Sheet as at 31 March 2025

......................................... Mrs Ramona Seth Director

RAMVS LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
226 Battersea Park Road
London
SW11 4ND

These financial statements were authorised for issue by the director on 21 October 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

RAMVS LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Land and Buildings	0%
Improvements	staight line over 50 years
Plant and machinery	20% reducing balance
Office equipment	20% reducing balance
Motor	20% reducing balance

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

RAMVS LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

RAMVS LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 6 (2024 - 6).

RAMVS LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4	Intangible assets

	Other intangible assets  £	Total £
Cost or valuation
At 1 April 2024	477,910	477,910
At 31 March 2025	477,910	477,910
Amortisation
Carrying amount
At 31 March 2025	477,910	477,910
At 31 March 2024	477,910	477,910

5	Tangible assets

	Land and buildings £	Motor vehicles  £	Other tangible assets £	Total £
Cost or valuation
At 1 April 2024	527,980	56,540	120,552	705,072
Additions	33,685	-	191,140	224,825
At 31 March 2025	561,665	56,540	311,692	929,897
Depreciation
At 1 April 2024	1,909	20,354	46,786	69,049
Charge for the year	1,909	7,237	52,982	62,128
At 31 March 2025	3,818	27,591	99,768	131,177
Carrying amount
At 31 March 2025	557,847	28,949	211,924	798,720
At 31 March 2024	526,071	36,186	73,766	636,023

Included within the net book value of land and buildings above is £557,847 (2024 - £526,071) in respect of freehold land and buildings.
 

RAMVS LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

6

Stocks

	31 March 2025 £	31 March 2024 £
Merchandise	9,939	9,939

7

Debtors

Current	31 March 2025 £	31 March 2024 £
Other debtors	-	78,510
	-	78,510

RAMVS LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

8

Creditors

Creditors: amounts falling due within one year

	Note	31 March 2025 £	31 March 2024 £
Due within one year
Loans and borrowings	10	110,280	-
Trade creditors		19,984	-
Taxation and social security		-	15,326
Accruals and deferred income		78,149	5,500
Other creditors		10,001	10,000
		218,414	30,826

Creditors: amounts falling due after more than one year

	Note	31 March 2025 £	31 March 2024 £
Due after one year
Loans and borrowings	10	1,016,924	1,028,787

9	Share capital

Allotted, called up and fully paid shares

	31 March 2025		31 March 2024
	No.	£	No.	£
Ordinary of £1 each	100	100	100	100

10	Loans and borrowings

Non-current loans and borrowings

	31 March 2025 £	31 March 2024 £
Bank borrowings	779,045	813,396
Other borrowings	237,879	215,391
	1,016,924	1,028,787

RAMVS LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Current loans and borrowings

	31 March 2025 £	31 March 2024 £
Bank borrowings	110,280	-