Ravensmere Limited - Accounts to registrar (filleted) - small 18.2

Ravensmere Limited - Accounts to registrar (filleted) - small 18.2

RAVENSMERE LIMITED - Company Information

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REGISTERED NUMBER: 09773447 (England and Wales)















RAVENSMERE LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021





Kounnis And Partners Ltd
Chartered Certified Accountants
Sterling House
Fulbourne Road
Walthamstow
London
E17 4EE








RAVENSMERE LIMITED (REGISTERED NUMBER: 09773447)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2021










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


RAVENSMERE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2021







DIRECTORS: Mr D Macaree
Mr P J Macaree





REGISTERED OFFICE: Sterling House
Fulbourne Road
Walthamstow
London
E17 4EE





REGISTERED NUMBER: 09773447 (England and Wales)





ACCOUNTANTS: Kounnis And Partners Ltd
Chartered Certified Accountants
Sterling House
Fulbourne Road
Walthamstow
London
E17 4EE
Page 1
RAVENSMERE LIMITED (REGISTERED NUMBER: 09773447)

STATEMENT OF FINANCIAL POSITION
30 SEPTEMBER 2021

30.9.21 30.9.20
Notes £    £   
FIXED ASSETS
Tangible assets 4 469 704
Investment property 5 270,378 259,378
270,847 260,082

CURRENT ASSETS
Debtors 6 432,239 200,000
Investments 7 84,118 71,839
Cash at bank 131,537 220,984
647,894 492,823
CREDITORS
Amounts falling due within one year 8 (815,181 ) (694,816 )
NET CURRENT LIABILITIES (167,287 ) (201,993 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
103,560
58,089

PROVISIONS FOR LIABILITIES (89 ) (134 )
NET ASSETS 103,471 57,955

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 103,371 57,855
SHAREHOLDERS' FUNDS 103,471 57,955

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2021 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 notes form part of these financial statements

Page 2 continued...
RAVENSMERE LIMITED (REGISTERED NUMBER: 09773447)

STATEMENT OF FINANCIAL POSITION - continued
30 SEPTEMBER 2021


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

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 9 February 2022 and were signed on its behalf by:





Mr D Macaree - Director


The notes form part of these financial statements

Page 3
RAVENSMERE LIMITED (REGISTERED NUMBER: 09773447)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2021


1. STATUTORY INFORMATION

Ravensmere 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.

Turnover
Turnover represents gross rents receivable for the year. Turnover is recognised when the rent becomes due under the lease agreement.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Investment property
The company's investment properties are held for long term investment and are included in the balance sheet at their open market values. No depreciation is provided in respect of freehold and long leasehold investment properties.

This policy represents a departure from statutory accounting principles, which require depreciation to be provided on all fixed assets. The directors consider that this policy is necessary in order that the accounts may give true and fair view because current values and changes in current values are prime importance rather than the calculation of systematic annual depreciation. Depreciation is only one of many factors reflected in the valuation and the amount which might otherwise have been shown, cannot be separately identified or quantified.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Page 4 continued...
RAVENSMERE LIMITED (REGISTERED NUMBER: 09773447)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2021


2. ACCOUNTING POLICIES - continued

Current assets investments
The company's investment in listed shares carried at fair value. Any gains or losses arises thereon, are charged to the profit and loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 October 2020
and 30 September 2021 939
DEPRECIATION
At 1 October 2020 235
Charge for year 235
At 30 September 2021 470
NET BOOK VALUE
At 30 September 2021 469
At 30 September 2020 704

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2020 259,378
Additions 11,000
At 30 September 2021 270,378
NET BOOK VALUE
At 30 September 2021 270,378
At 30 September 2020 259,378

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.21 30.9.20
£    £   
Trade debtors 7,239 -
Other debtors 425,000 200,000
432,239 200,000

Page 5 continued...
RAVENSMERE LIMITED (REGISTERED NUMBER: 09773447)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2021


7. CURRENT ASSET INVESTMENTS
30.9.21 30.9.20
£    £   
Listed investments 84,118 71,839

This is shown at fair value.

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.21 30.9.20
£    £   
Taxation and social security 2,259 1,883
Other creditors 812,922 692,933
815,181 694,816

9. ULTIMATE CONTROLLING PARTY

Mr D Macaree, the director, controls the company by virtue of holding 100% of the issued ordinary share capital.

Page 6