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Company registration number:
10945046
We Are Ram Construction Ltd
Unaudited Filleted Financial Statements for the year ended
30 September 2025
We Are Ram Construction Ltd
Report of the Accountant to the directors of We Are Ram Construction Ltd
Year ended
30 September 2025
These financial statements have been prepared in accordance with my terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended
30 September 2025
.
I have prepared these financial statements based on the accounting records, information and explanations provided by you. I do not express any opinion on the financial statements.
On the statement of financial position you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give a "true and fair view".
You have determined that the company is exempt from the statutory requirement for an audit for this accounting year. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the directors for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
Heidi Cowley
MAAT
79 Sutton Road
Seaford
BN25 4QH
United Kingdom
Date:
16 December 2025
We Are Ram Construction Ltd
Statement of Financial Position
30 September 2025

|  | 2025 | 2024
--- | --- | --- | ---
| Note | £ | £
Fixed assets |  |  |  |  |
Tangible assets | 5 | 96,703 |  | 88,460 |
Investments | 6 | 233,928 |  | 234,191 |
|  | 330,631 |  | 322,651 |
Current assets |  |  |  |  |
Stocks |  | 70,632 |  | 194,326 |
Debtors | 7 | 109,173 |  | 29,846 |
Cash at bank and in hand |  | 196,047 |  | 176,450 |
|  | 375,852 |  | 400,622 |
Creditors: amounts falling due within one year | 8 | (362,923 | ) | (344,176 | )
Net current assets |  | 12,929 |  | 56,446 |
Total assets less current liabilities |  | 343,560 |  | 379,097 |
Creditors: amounts falling due after more than one year | 9 | (22,416 | ) | (32,264 | )
Provisions for liabilities |  | (18,754 | ) | (17,507 | )
Net assets |  | 302,390 |  | 329,326 |
Capital and reserves |  |  |  |  |
Called up share capital |  | 300 |  | 300 |
Profit and loss account |  | 302,090 |  | 329,026 |
Shareholders funds |  | 302,390 |  | 329,326 |

For the year ending
30 September 2025
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
16 December 2025
, and are signed on behalf of the board by:

P Brierley | M Davids
Director | Director

Company registration number:
10945046
We Are Ram Construction Ltd
Notes to the Financial Statements
Year ended
30 September 2025

## 1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Ram House
,
Polegate
,
East Sussex
,
BN26 6GB
, England.

## 2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

## 3 Accounting policies

## Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

## Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods and services supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods and services is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

## Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

## Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Plant and machinery | 15% Reducing Balance
Office equipment | 25% Straight Line

## Fixed asset investments

Investments in subsidiaries, associates and joint ventures accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses.
Investments in subsidiaries, associates and joint ventures accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income or profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted.
Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Other fixed asset investments which are listed are measured at fair value with changes in fair value being recognised in profit or loss.
All other Investments held as fixed assets are initially recorded at cost, and are subsequently stated at cost less any accumulated impairment losses.

## Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

## Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

## Finance leases and hire purchase contracts

Assets held under finance leases are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.
Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

## Construction contracts

Where the outcome of construction contracts can be reliably estimated, contract revenue and contract costs are recognised by reference to the stage of completion of the contract activity as at the period end.
Where the outcome of construction contracts cannot be estimated reliably, revenue is recognised to the extent of contract costs incurred that it is probable will be recoverable, and contract costs are recognised as an expense in the period in which they are incurred.
The entity uses the percentage of completion method to determine the amounts to be recognised in the period. The stage of completion is measured by reference to the contract costs incurred up to the end of the reporting period as a percentage of total estimated costs for each contract. Costs incurred for work performed to date do not include costs relating to future activity, such as for materials or prepayments.

## Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

## Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

## Provisions for liabilities

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

## Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

## Financial Risk Management

Charges on Property Occupied by the Company
The property known as RAM House located at Gilda Crescent, Polegate, BN26 6AW, utilised as operational premises by We Are Ram Construction Ltd, is owned by Hoop Barn Ltd.
This property is subject to the following charges registered against it by Together Commercial Finance Limited:
Fixed Charge: Secured against the property under a legal mortgage.
Floating Charge: Covering all present and future assets of Hoop Barn Ltd, including the property.
These charges secure the loan obligations of Hoop Barn Ltd to Together Commercial Finance Limited.
While these charges are not direct liabilities of We Are Ram Construction Ltd, the directors have assessed their potential impact and concluded that the risks to the company's operational stability are minimal.

## 4 Average number of employees

The average number of persons employed by the company during the year was
15
(2024:
7.00
).

## 5 Tangible assets

| Plant and machinery etc.
--- | ---
| £
Cost |  |
At 1 October 2024 | 153,139 |
Additions | 28,360 |
At 30 September 2025 | 181,499 |
Depreciation |  |
At 1 October 2024 | 64,679 |
Charge | 20,117 |
At 30 September 2025 | 84,796 |
Carrying amount |  |
At 30 September 2025 | 96,703 |
At 30 September 2024 | 88,460 |

## 6 Investments

| Loans to group undertakings and participating interests
--- | ---
| £
Cost |  |
At 1 October 2024 | 234,191 |
Disposals | (263 | )
At 30 September 2025 | 233,928 |
Impairment |  |
At 1 October 2024 and 30 September 2025 | - |
Carrying amount |  |
At 30 September 2025 | 233,928 |
At 30 September 2024 | 234,191 |

## 7 Debtors

| 2025 | 2024
--- | --- | ---
| £ | £
Trade debtors | 90,944 |  | 21,920 |
Amounts owed by group undertakings and undertakings in which the company has a participating interest | 1,201 |  | - |
Other debtors | 17,028 |  | 7,926 |
| 109,173 |  | 29,846 |

## 8 Creditors: amounts falling due within one year

| 2025 | 2024
--- | --- | ---
| £ | £
Bank loans and overdrafts | 71,678 |  | 63,762 |
Trade creditors | 78,974 |  | 110,516 |
Taxation and social security | 77,488 |  | 109,182 |
Other creditors | 134,783 |  | 60,716 |
| 362,923 |  | 344,176 |

## 9 Creditors: amounts falling due after more than one year

| 2025 | 2024
--- | --- | ---
| £ | £
Bank loans and overdrafts | - |  | 7,302 |
Amounts owed to group undertakings and undertakings in which the company has a participating interest | 10,131 |  | 5,388 |
Other creditors | 12,285 |  | 19,574 |
| 22,416 |  | 32,264 |

## 10 Guarantees and other financial commitments

The £50,000 long term loan was taken out as a business bounce back loan from Nat West bank plc and is repayable in 5 years.
This is payable as follows:
Due in 1 Year £7,265
The rate of interest applicable to this loan is 2.5% annually. The loan is classed as a bounce back business loan and is 'backed' by the Government.

## 11 Related party transactions

During the year the company entered into the following transactions with related parties:

| 2025 | 2024
--- | --- | ---
| £ | £
Loan to Related Party | 233,928 |  | 223,928 |

Throughout the year, the company provided a secured loan of £223,927.40 to Hoop Barn Ltd, a company under common control. The loan was advanced to facilitate the purchase of a property at Police Station, Gilda Crescent, Polegate, BN26 6AW. Now known as RAM House.
The terms of the loan are as follows:
• Loan Amount: £223,927.40
• Interest Rate: 0% (interest-free)
• Repayment Terms: Repayable in full on 13th September 2044, with provisions for early repayment.
• Security: A legal mortgage over the purchased property.
Approval of the Loan: As required under Sections 197–201 of the Companies Act 2006, this loan was approved by the shareholders of We Are Ram Construction Ltd at an extraordinary meeting (EGM) held on 13.9.2024.
Director Relationship and Control: Michael Davids, who is a director of We Are Ram Construction Ltd, also holds a controlling interest in Hoop Barn Ltd. This transaction represents a related party transaction under FRS 102 Section 33 and Section 413 of the Companies Act 2006. The loan is classified as a significant transaction due to its materiality and related party nature.
Commercial Justification: The property, although owned by Hoop Barn Ltd, is utilised as operational premises by We Are Ram Construction Ltd, aligning with the company’s business activities and strategic objectives. Providing the loan interest-free reflects the company’s interest in securing and maintaining a suitable location for its operations at a commercially advantageous cost. This arrangement is considered mutually beneficial and eliminates the need for costly third-party financing, which would otherwise increase operational expenses.
The loan is secured by a legal mortgage over the property used as operational premises by the company. Management considers the risk of non-repayment low, given the property's strategic importance to the company and the related party's financial stability.
Terms and Conditions: The loan was granted on terms favourable to Hoop Barn Ltd, reflecting the related party relationship. However, the company confirms that the arrangement serves the commercial and operational interests of We Are Ram Construction Ltd, and all transactions have been conducted transparently and in compliance with applicable regulations.
Outstanding Balance as of 30.9.2025: £223,927.40 (2024 - £223,927.40)