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REGISTERED NUMBER:
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RAMIKEN LIMITED |
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 MARCH 2018 |
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REGISTERED NUMBER:
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RAMIKEN LIMITED |
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 MARCH 2018 |
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RAMIKEN LIMITED (REGISTERED NUMBER: 03676032) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2018 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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RAMIKEN LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 MARCH 2018 |
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Directors: |
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Secretary: |
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Registered office: |
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Registered number: |
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RAMIKEN LIMITED (REGISTERED NUMBER: 03676032) |
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BALANCE SHEET |
31 MARCH 2018 |
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2018 | 2017 |
Notes | £ | £ |
Current assets |
Debtors | 5 |
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Cash at bank |
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Creditors |
Amounts falling due within one year | 6 |
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Net current assets |
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Total assets less current liabilities |
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Capital and reserves |
Called up share capital | 7 |
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Share premium | 8 |
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Retained earnings | 8 |
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Shareholders' funds |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
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RAMIKEN LIMITED (REGISTERED NUMBER: 03676032) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2018 |
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1. | Statutory information |
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Ramiken Limited is a
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registered number and registered office address can be found on the Company Information page. |
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2. | Accounting policies |
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Basis of preparing the financial statements |
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Significant judgements and estimates |
In applying the Company's accounting policies, the directors are required to make judgements, estimates and |
assumptions in determining the carrying amounts of assets and liabilities. The directors' judgements, estimated |
and assumptions are based on the best and most reliable evidence available at the time when the decisions are |
made, and are based on historical experience and other factors that are considered to be applicable. Due to the |
inherent subjectivity involved in making such judgements, estimates and assumptions, the actual results and |
outcomes may differ. |
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The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting |
estimates are recognised in the period in which the estimate is revised, if the revision affects only that period, or |
in the period of the revision and future periods, if the revision affects both current and future periods. |
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Tangible fixed assets |
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Plant and machinery etc | - |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Going concern |
These financial statements have been prepared on a going concern basis. |
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The current economic conditions present increased risks for all businesses. In response to such conditions, the |
directors have carefully considered these risks including an assessment on uncertainty on future trading |
projection for a period of at least 12 months from the date of signing the financial statements, and the extent to |
which they might affect the preparation of the financial statements on a going concern basis. |
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Based on assessment, the directors consider that the Company maintains an appropriate level of liquidity, |
sufficient to meet the demands of the business including any capital and servicing obligations and external debt |
liabilities. |
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Financial instruments |
Financial assets and liabilities are recognised when the Company becomes party to the contractual provisions of |
the financial instrument. The Company holds financial instruments which comprise cash and cash equivalents, |
trade and other receivables, equity investments, trade and other payables, and loans and borrowings. The |
company has chosen to apply the provisions of Section 11 Basic Financial Instruments and Section 12 Other |
Financial Instruments in full. |
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3. | Employees and directors |
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The average number of employees during the year was NIL (2017 - 1 ). |
RAMIKEN LIMITED (REGISTERED NUMBER: 03676032) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2018 |
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4. | Tangible fixed assets |
Plant and |
machinery |
etc |
£ |
Cost |
At 1 April 2017 |
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Disposals | ( |
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At 31 March 2018 |
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Depreciation |
At 1 April 2017 |
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Eliminated on disposal | ( |
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At 31 March 2018 |
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Net book value |
At 31 March 2018 |
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5. | Debtors: amounts falling due within one year |
2018 | 2017 |
£ | £ |
Trade debtors |
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Other debtors |
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6. | Creditors: amounts falling due within one year |
2018 | 2017 |
£ | £ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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7. | Called up share capital |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2018 | 2017 |
value: | £ | £ |
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Ordinary | 1p | 2 | 2 |
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8. | Reserves |
Retained | Share |
earnings | premium | Totals |
£ | £ | £ |
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At 1 April 2017 |
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314,138 |
Deficit for the year | ( |
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At 31 March 2018 |
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295,959 |
RAMIKEN LIMITED (REGISTERED NUMBER: 03676032) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2018 |
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9. | Related party disclosures |
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Included in other creditors is a director's loan from John Cook of £49,274 (2017 - £61,492). Interest of £2,080 |
(2017 - £1,845) was charged on the directors loan. |
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Consultancy fees of £nil (2017 - £66,000) were paid to John Cook during the year. |
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10. | Ultimate controlling party |
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The company is under the control of David Harding and John Cook, the directors, by virtue of their ordinary |
shareholding. |