Raven 2017 Limited - Accounts to registrar (filleted) - small 18.2
Raven 2017 Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 28 February 2022 |
| for |
| Raven 2017 Limited |
| Raven 2017 Limited (Registered number: 10695984) |
| Contents of the Financial Statements |
| for the Year Ended 28 February 2022 |
| Page |
| Company Information | 1 |
| Abridged Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Chartered Accountants' Report | 6 |
| Raven 2017 Limited |
| Company Information |
| for the Year Ended 28 February 2022 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 1 Aston Court |
| Bromsgrove Technology Park |
| Bromsgrove |
| Worcestershire |
| B60 3AL |
| Raven 2017 Limited (Registered number: 10695984) |
| Abridged Balance Sheet |
| 28 February 2022 |
| 2022 | 2021 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Investments | 4 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Merger relief reserve |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| Raven 2017 Limited (Registered number: 10695984) |
| Abridged Balance Sheet - continued |
| 28 February 2022 |
| 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. |
| 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 |
| Raven 2017 Limited (Registered number: 10695984) |
| Notes to the Financial Statements |
| for the Year Ended 28 February 2022 |
| 1. | STATUTORY INFORMATION |
| Raven 2017 Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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 |
| Raven 2017 Limited (Registered number: 10695984) |
| Notes to the Financial Statements - continued |
| for the Year Ended 28 February 2022 |
| 4. | FIXED ASSET INVESTMENTS |
| Information on investments other than loans is as follows: |
| Totals |
| £ |
| COST OR VALUATION |
| At 1 March 2021 | 337,038 |
| Additions | 290,877 |
| Disposals | (65,562 | ) |
| Revaluations | (21,523 | ) |
| At 28 February 2022 | 540,830 |
| NET BOOK VALUE |
| At 28 February 2022 | 540,830 |
| At 28 February 2021 | 337,038 |
| Cost or valuation at 28 February 2022 is represented by: |
| Totals |
| £ |
| Valuation in 2018 | 139,140 |
| Valuation in 2019 | (5,703 | ) |
| Valuation in 2020 | (10,951 | ) |
| Valuation in 2021 | 3,104 |
| Valuation in 2022 | (21,523 | ) |
| Cost | 436,763 |
| 540,830 |
| If fixed asset investments had not been revalued they would have been included at the following historical cost: |
| 2022 | 2021 |
| £ | £ |
| Cost | 436,763 | 211,448 |
| Fixed asset investments were valued on an open market basis on 28 February 2022 by EFG Harris Allday . |
| 5. | CONTINGENT LIABILITIES |
| There were no material contingent liabilities as at the period end. |
| 6. | 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 28 February 2022 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. |
| 1 Aston Court |
| Bromsgrove Technology Park |
| Bromsgrove |
| Worcestershire |
| B60 3AL |