ACCOUNTS - Final Accounts

ACCOUNTS - Final Accounts

RAVENDENE HOLDINGS LIMITED - Company Information

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Caseware UK (AP4) 2019.0.131 2019.0.131 2020-07-312020-07-31truefalse2019-08-012No description of principal activity2trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05517487 2019-08-01 2020-07-31 05517487 2018-08-01 2019-07-31 05517487 2020-07-31 05517487 2019-07-31 05517487 c:Director1 2019-08-01 2020-07-31 05517487 d:CurrentFinancialInstruments 2020-07-31 05517487 d:CurrentFinancialInstruments 2019-07-31 05517487 d:CurrentFinancialInstruments d:WithinOneYear 2020-07-31 05517487 d:CurrentFinancialInstruments d:WithinOneYear 2019-07-31 05517487 d:ShareCapital 2020-07-31 05517487 d:ShareCapital 2019-07-31 05517487 d:RetainedEarningsAccumulatedLosses 2020-07-31 05517487 d:RetainedEarningsAccumulatedLosses 2019-07-31 05517487 c:FRS102 2019-08-01 2020-07-31 05517487 c:AuditExempt-NoAccountantsReport 2019-08-01 2020-07-31 05517487 c:FullAccounts 2019-08-01 2020-07-31 05517487 c:PrivateLimitedCompanyLtd 2019-08-01 2020-07-31 05517487 2 2019-08-01 2020-07-31 05517487 6 2019-08-01 2020-07-31 iso4217:GBP xbrli:pure

Registered number: 05517487









RAVENDENE HOLDINGS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2020
 
RAVENDENE HOLDINGS LIMITED
REGISTERED NUMBER: 05517487

BALANCE SHEET
AS AT 31 JULY 2020

2020
2019
Note
£
£

Fixed assets
  

Investments
 4 
1,947,487
1,947,487

  
1,947,487
1,947,487

Current assets
  

Debtors: amounts falling due within one year
 5 
1
1

Cash at bank and in hand
 6 
2,976
111,838

  
2,977
111,839

Creditors: amounts falling due within one year
 7 
(3,164,950)
(3,276,630)

Net current liabilities
  
 
 
(3,161,973)
 
 
(3,164,791)

Total assets less current liabilities
  
(1,214,486)
(1,217,304)

  

Net liabilities
  
(1,214,486)
(1,217,304)


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
(1,214,487)
(1,217,305)

  
(1,214,486)
(1,217,304)


Page 1
 
RAVENDENE HOLDINGS LIMITED
REGISTERED NUMBER: 05517487
    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2020

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 



J P D Lawson
Director

Date: 28 October 2020

The notes on pages 3 to 5 form part of these financial statements.

Page 2
 
RAVENDENE HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2020

1.


General information

Ravendene Holdings Limited is a private company limited by shares and incorporated in England. Its registered office is 64 New Cavendish Street, London, W1G 8TB. 
The financial statements are presented in Sterling, which is the functional currency of the company. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

In assessing the ability of the company to operate as a going concern, management have evaluated current and forecasted operational results, and the solvency of the company. Potential sources of uncertainty noted by the directors include the COVID-19 pandemic. However, at the date of this report it is not possible to reliably determine the effects that this will have on the company. Accordingly the directors have continued to prepare the financial statements on the going concern basis.

 
2.3

Valuation of investments

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each Balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.4

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 3
 
RAVENDENE HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2020

2.Accounting policies (continued)

 
2.7

Interest income

Interest income is recognised in profit or loss using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2019 - 2).


4.


Fixed asset investments





Investments in subsidiary companies
Unlisted investments
Total

£
£
£



Cost or valuation


At 1 August 2019
1,922,000
25,487
1,947,487



At 31 July 2020
1,922,000
25,487
1,947,487





5.


Debtors

2020
2019
£
£


Called up share capital not paid
1
1

1
1



6.


Cash and cash equivalents

2020
2019
£
£

Cash at bank and in hand
2,976
111,838

2,976
111,838


Page 4
 
RAVENDENE HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2020

7.


Creditors: Amounts falling due within one year

2020
2019
£
£

Amounts owed to group undertakings
70,828
151,930

Amounts owed to joint ventures
10,900
4,939

Other creditors
3,063,475
3,100,014

Accruals and deferred income
19,747
19,747

3,164,950
3,276,630


 
Page 5