RAMPTON BASELEY LIMITED


Directors	Joel Baseley
	Patrick Rampton


Company Secretary	Patrick Rampton


Registered Address	131 Northcote Road
	London
	SW11 6PS


Registered Number	06317794 (England and Wales)

Notes to the Financial Statements
for the year ended 31 December 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

	Defined contribution pension plan
	The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

	Current taxation
	Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

Current taxation

Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income.

Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

	Trade and other debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Trade and other debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Cash and cash equivalents
	Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less.

Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.

	Trade and other creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

2.	Average number of employees


		2024		2023
	Average number of employees during the year	27		25

3.	Intangible assets

	Goodwill	Other	Total
	£	£	£
Cost or valuation
At 01 January 24	-	170,000	170,000
Additions	1	4,238	4,239
At 31 December 24	1	174,238	174,239
Amortisation and impairment
At 01 January 24	-	170,000	170,000
Charge for year	-	1,060	1,060
At 31 December 24	-	171,060	171,060
Net book value
At 31 December 24	1	3,178	3,179
At 31 December 23	-	-	-

4.	Tangible fixed assets

	Plant & machinery	Vehicles	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 January 24	99,641	44,199	87,411	231,251
Additions	32,475	63,639	15,228	111,342
Disposals	-	(16,802)	-	(16,802)
At 31 December 24	132,116	91,036	102,639	325,791
Depreciation and impairment
At 01 January 24	93,318	44,199	74,149	211,666
Charge for year	13,740	16,185	7,276	37,201
On disposals	-	(16,802)	-	(16,802)
At 31 December 24	107,058	43,582	81,425	232,065
Net book value
At 31 December 24	25,058	47,454	21,214	93,726
At 31 December 23	6,323	-	13,262	19,585

5.	Debtors: amounts due within one year

	2024	2023
	£	£
Trade debtors / trade receivables	338,349	175,130
Amounts owed by group undertakings	1,512,124	1,572,695
Other debtors	28,456	24,769
Prepayments and accrued income	41,940	38,493
Total	1,920,869	1,811,087

6.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	51,935	49,875
Bank borrowings and overdrafts	10,000	10,000
Amounts owed to related parties	407,737	580,854
Taxation and social security	480,433	362,623
Finance lease and HP contracts	43,075	-
Other creditors	31,115	47,444
Accrued liabilities and deferred income	573,974	114,314
Total	1,598,269	1,165,110

7.	Creditors: amounts due after one year

	2024	2023
	£	£
Bank borrowings and overdrafts	4,812	14,951
Total	4,812	14,951

8.	Obligations under finance leases

		2024		2023
		£		£
	Finance lease and HP contracts	43,075		-

9.	Provisions for liabilities

	2024	2023
	£	£
Net deferred tax liability (asset)	7,426	1,095
Total	7,426	1,095

10.	Related party transactions
	Interest free loans were provided to companies under the control of the directors, and at the year end the net indebtedness owed to the company was £1,512,124, and the net amount owed by the company was £407,737. During the year, the Company purchased customer lists from an associate company for £1.

11.	Controlling party
	The Company’s immediate parent is Rampton Baseley Northcote Ltd, a company incorporated in England and Wales. The company is controlled by the directors, who together are considered to be the ultimate controlling parties by virtue of their ownership and management of the company.

12.	Prior period policy changes
	During the current financial year, the Company has changed its accounting policy in relation to the presentation of related party cost recharges. In the prior period, amounts recharged to related parties were presented within Revenue in the Income Statement. Management has determined that these recharges do not represent income earned from the Company’s ordinary activities, but rather a recovery of expenses incurred on behalf of related parties. Accordingly, with effect from 1 January 2024, such recharges are no longer recognised as revenue. Instead, the Company has elected to present these amounts as a reduction against the relevant expense categories, thereby reflecting the net expense position.

12.

Prior period policy changes

During the current financial year, the Company has changed its accounting policy in relation to the presentation of related party cost recharges. In the prior period, amounts recharged to related parties
were presented within Revenue in the Income Statement. Management has determined that these recharges do not represent income earned from the Company’s ordinary activities, but rather a recovery
of expenses incurred on behalf of related parties.

Accordingly, with effect from 1 January 2024, such recharges are no longer recognised as revenue. Instead, the Company has elected to present these amounts as a reduction against the relevant
expense categories, thereby reflecting the net expense position.

	Notes	2024		2023
		£	£	£	£
Fixed assets
Intangible assets	3		3,179		-
Tangible assets	4		93,726		19,585
			96,905		19,585
Current assets
Debtors	5	1,920,869		1,811,087
Cash at bank and on hand		105,959		76,853
		2,026,828		1,887,940
Creditors amounts falling due within one year	6	(1,598,269)		(1,165,110)
Net current assets (liabilities)			428,559		722,830
Total assets less current liabilities			525,464		742,415
Creditors amounts falling due after one year	7		(4,812)		(14,951)
Provisions for liabilities	9		(7,426)		(1,095)
Net assets			513,226		726,369
Capital and reserves
Called up share capital			1,000		1,000
Profit and loss account			512,226		725,369
Shareholders' funds			513,226		726,369