Ramco (Harlow) Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 2695135

Ramco (Harlow) Limited

Unaudited financial statements

31 July 2025

Ramco (Harlow) Limited

Statement of financial position

31 July 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	6	17,111,632	16,587,665
Investments	7	15,341,703	–
		------------	------------
		32,453,335	16,587,665

Current assets

Stocks		159,632	159,632
Debtors	8	5,183,080	3,992,760
Cash at bank and in hand		648,189	2,089,982
		-----------	-----------
		5,990,901	6,242,374

Creditors: Amounts falling due within one year	9	( 2,631,422)		( 2,558,271)
		-----------		-----------
Net current assets			3,359,479		3,684,103
			------------		------------
Total assets less current liabilities			35,812,814		20,271,768

Creditors: Amounts falling due after more than one year	10		( 886,648)		( 1,402,808)

Provisions

Taxation including deferred tax	( 18,419)	( 17,718)
	------------	------------
Net assets	34,907,747	18,851,242
	------------	------------

Capital and reserves

Called up share capital	11	1,800	1,000
Revaluation reserve		15,338,823	–
Profit and loss account		19,567,124	18,850,242
		------------	------------
Shareholders funds		34,907,747	18,851,242
		------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 31 July 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 .

Ramco (Harlow) Limited

Statement of financial position (continued)

31 July 2025

These financial statements were approved by the board of directors and authorised for issue on 22 July 2026 , and are signed on behalf of the board by:

Mr R R Patel
Director

Company registration number: 2695135

Ramco (Harlow) Limited

Notes to the financial statements

Year ended 31 July 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Sixty Six North Quay, Great Yarmouth, Norfolk, NR30 1HE. The company's places of business are 13 Station Crescent, London, SE3 7EQ, 43-45 High Street, Harlow, CM17 0DN and 270 West End Lane, Hampstead, London, NW6 1LJ.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the 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 investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

No significant judgements, estimations and uncertainties have arisen in the preparation of the financial statements.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered.

Income tax

Provision is made, under the liability method, to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences.

Operating leases

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against income on a straight line basis over the period of the lease.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	Written off in year of acquisition

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Fixtures and fittings	-	25% reducing balance

Land and buildings - The directors have assessed the estimated remaining useful economic life of the freehold property and its expected residual value and consider depreciation to be immaterial and therefore no charge has been made.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts 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.

Defined contribution plans

Contributions to defined contribution pension plans are recognised as an expense in the period in which the related service is provided.

Investment properties

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure.

Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

4. Employee numbers

The average number of employees during the year was 35 (2024: 34 ).

5. Intangible assets

	Goodwill
	£
Cost
At 1 August 2024 and 31 July 2025	1,796,371
	-----------
Amortisation
At 1 August 2024 and 31 July 2025	1,796,371
	-----------
Carrying amount
At 31 July 2025	–
	-----------
At 31 July 2024	–
	-----------

6. Tangible assets

	Land and buildings	Fixtures and fittings	Investment properties	Total
	£	£	£	£
Cost
At 1 August 2024	2,359,160	838,425	14,065,844	17,263,429
Additions	560,983	4,857	–	565,840
	-----------	---------	------------	------------
At 31 July 2025	2,920,143	843,282	14,065,844	17,829,269
	-----------	---------	------------	------------
Depreciation
At 1 August 2024	–	675,764	–	675,764
Charge for the year	–	41,873	–	41,873
	-----------	---------	------------	------------
At 31 July 2025	–	717,637	–	717,637
	-----------	---------	------------	------------
Carrying amount
At 31 July 2025	2,920,143	125,645	14,065,844	17,111,632
	-----------	---------	------------	------------
At 31 July 2024	2,359,160	162,661	14,065,844	16,587,665
	-----------	---------	------------	------------

Tangible assets held at valuation

The freehold investment properties charged to the bank were revalued to £9,560,000 by F G Burnett, Christie & Co and Gerald Eve, the independent firms of chartered surveyors, on an open market basis on 16 March, 31 March and 20 April 2011. The directors have considered the values as at the year end date and are satisfied that the net book values to be materially consistent with fair market values of all investment properties and the disclosure thereof. There is no provision for deferred tax on the revaluation of investment properties, as indexation is likely to cover the revaluation amount.

7. Investments

	Shares in group undertakings
	£
Cost
At 1 August 2024	–
Additions	15,341,703
	------------
At 31 July 2025	15,341,703
	------------
Impairment
At 1 August 2024 and 31 July 2025	–
	------------

Carrying amount
At 31 July 2025	15,341,703
	------------
At 31 July 2024	–
	------------

8. Debtors

	2025	2024
	£	£
Trade debtors	644,675	767,813
Amounts owed by group undertakings and undertakings in which the company has a participating interest	3,856,240	–
Other debtors	682,165	3,224,947
	-----------	-----------
	5,183,080	3,992,760
	-----------	-----------

9. Creditors: Amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	483,438	496,001
Trade creditors	703,931	578,534
Amounts owed to group undertakings and undertakings in which the company has a participating interest	326,430	–
Social security and other taxes	610,818	506,435
Other creditors	506,805	977,301
	-----------	-----------
	2,631,422	2,558,271
	-----------	-----------

Bank loans and overdrafts are secured on the assets of the company.

10. Creditors: Amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	886,648	1,402,112
Other creditors	–	696
	---------	-----------
	886,648	1,402,808
	---------	-----------

Included within creditors: amounts falling due after more than one year is an amount of £195,986 (2024: £298,964) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.

Bank loans and overdrafts are secured on the assets of the company.

11. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	1,800	1,800	1,000	1,000
	------	------	------	------

12. Reserves

Included within profit and loss reserves are £1,403,801 of undistributable funds relating to a revaluation of investment properties.

13. Directors' advances, credits and guarantees

During the year, Mr R R Patel , Mrs S R Patel, Mrs D R Patel, Dr A R Patel and Miss R R Patel operated a loan with the company at HM Revenue & Customs approved interest rates. At the year end the amounts owed to the company are as follows:

		2025	2024
		£	£

Mr R R & Mrs S R Patel	67,116	212,207
Mrs D Patel	880	34,260
Miss R R Patel	104	37,855
Dr A R Patel	304,548	–

14. Related party transactions

The company occupies the premises owned by Ramco (Harlow) Pension Scheme. Commercial rent of £70,000 (2024: £70,000) was paid during the year. The company also has a balance payable to the Pension scheme of £302,336 (2024: £178,491). Ramco Topco Limited was incorporated in Jersey on 14 October 2024 and is the ultimate parent of Ramco (Harlow) Limited . The balance owing from Ramco Topco Limited to Ramco (Harlow) Limited at the year end was £1,819,027 (2024: nil). The balance owed from Ramco Dental Limited to Ramco (Harlow) Limited at the year end was £1,049,976 (2024: £1,800,372). Ramco Dental Limited is a member of the group ultimately owned by Ramco Topco Limited The balance owed from Denclean Dental Practice Limited from Ramco (Harlow) Limited at the year end was £486,027 (2024: £489,485). Denclean Dental Practice is a member of the group ultimately owned by Ramco Topco Limited The balance owed from Pageprop Limited to Ramco (Harlow) Limited at the year end was £501,210 (2024: £501,245).Pageprop Limited is a member of the group ultimately owned by Ramco Topco Limited. The balance owed to Ani Dental Clinic Limited from Ramco (Harlow) Limited at the year end was £326,430 (2024: owed from Ani Dental Clinic Limited £5,568). Ani Dental Clinic Limited is a member of the group ultimately owned by Ramco Topco Limited.