Raven 2017 Limited - Accounts to registrar (filleted) - small 18.2

Raven 2017 Limited - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 10695984 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2020

for

Raven 2017 Limited

Raven 2017 Limited (Registered number: 10695984)






Contents of the Financial Statements
for the Year Ended 29 February 2020




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Raven 2017 Limited

Company Information
for the Year Ended 29 February 2020







DIRECTORS: Mrs J P Brown
F W Brown





SECRETARY: Mrs J P Brown





REGISTERED OFFICE: Cranham House
Shenstone
Kidderminster
Worcestershire
DY10 4DL





REGISTERED NUMBER: 10695984 (England and Wales)





ACCOUNTANTS: Kenneth Morris Limited
1 Aston Court
Bromsgrove Technology Park
Bromsgrove
Worcestershire
B60 3AL

Raven 2017 Limited (Registered number: 10695984)

Abridged Balance Sheet
29 February 2020

29.2.20 28.2.19
Notes £    £    £    £   
FIXED ASSETS
Investments 4 358,306 392,191
Investment property 5 235,000 220,000
593,306 612,191

CURRENT ASSETS
Debtors 893 607
Cash at bank and in hand 69,711 40,522
70,604 41,129
CREDITORS
Amounts falling due within one year 8,474 11,893
NET CURRENT ASSETS 62,130 29,236
TOTAL ASSETS LESS CURRENT
LIABILITIES

655,436

641,427

PROVISIONS FOR LIABILITIES 11,268 14,074
NET ASSETS 644,168 627,353

CAPITAL AND RESERVES
Called up share capital 68,500 68,500
Merger relief reserve 95,808 95,808
Fair value reserve 6 15,300 7,890
Retained earnings 464,560 455,155
SHAREHOLDERS' FUNDS 644,168 627,353

Raven 2017 Limited (Registered number: 10695984)

Abridged Balance Sheet - continued
29 February 2020


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2020 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 29 February 2020 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 April 2020 and were
signed on its behalf by:





F W Brown - Director


Raven 2017 Limited (Registered number: 10695984)

Notes to the Financial Statements
for the Year Ended 29 February 2020

1. STATUTORY INFORMATION

Raven 2017 Limited is a private company, limited by shares , registered in England and Wales. The company's
registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents net rental income receivable.

Investment property
In accordance with Financial Reporting Standard 102 Section 1a, investment property is included at fair value
and gains are recognised in the income statement. No depreciation is provided, which is a departure from the
Companies Act 20016, but is required to give a true and fair view.

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.

Current or deferred taxation assets and liabilities are not discounted.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

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.

Fixed asset investments
Investments in shares are included at fair value.

Rental income
Rental income arising from investment properties is accounted for on a straight line basis over the lease term.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - 1 ) .

Raven 2017 Limited (Registered number: 10695984)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2020

4. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST OR VALUATION
At 1 March 2019 392,191
Disposals (23,489 )
Revaluations (10,396 )
At 29 February 2020 358,306
NET BOOK VALUE
At 29 February 2020 358,306
At 28 February 2019 392,191

Cost or valuation at 29 February 2020 is represented by:
Totals
£   
Valuation in 2018 139,140
Valuation in 2019 (5,703 )
Valuation in 2020 (10,951 )
Cost 235,820
358,306

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2019 220,000
Revaluations 15,000
At 29 February 2020 235,000
NET BOOK VALUE
At 29 February 2020 235,000
At 28 February 2019 220,000

Fair value at 29 February 2020 is represented by:

£   
Valuation in 2018 (15,000 )
Valuation in 2020 15,000
Cost 235,000
235,000

Raven 2017 Limited (Registered number: 10695984)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2020

5. INVESTMENT PROPERTY - continued

If investment property had not been revalued it would have been included at the following historical cost:

29.2.20 28.2.19
£    £   
Cost 235,000 235,000

Investment property was valued on an open market basis basis on 28 February 2020 by the directors. .

6. RESERVES
Fair
value
reserve
£   
At 1 March 2019 7,890
Restatement to fair value 7,410

At 29 February 2020 15,300

7. CONTINGENT LIABILITIES

There were no material contingent liabilities as at the period end.

8. POST BALANCE SHEET EVENTS

There are no material post balance sheet events.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Raven 2017 Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual
unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file
a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary
statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of Raven 2017 Limited for the year ended 29 February 2020 which comprise the Abridged Income
Statement, Abridged Balance Sheet and the related notes from the company's accounting records and from information
and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Raven 2017 Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Raven 2017 Limited and state those matters that we have agreed to state to the Board of Directors of Raven 2017 Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Raven 2017 Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Raven 2017 Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Raven 2017 Limited. You consider that Raven 2017 Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Raven 2017 Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Kenneth Morris Limited
1 Aston Court
Bromsgrove Technology Park
Bromsgrove
Worcestershire
B60 3AL


20 April 2020