Ravencroft Properties Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05189887 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2020

for

Ravencroft Properties Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr S Uddin FCA JP

Mr Kabir Khan

REGISTERED OFFICE:

SKN Business Centre

1 Guildford Street

Birmingham

West Midlands

B19 2HN

REGISTERED NUMBER:

05189887 (England and Wales)

ACCOUNTANTS:

SKN Services Ltd

Chartered Accountants

SKN Business Centre

1 Guildford Street

Birmingham

West Midlands

B19 2HN

FIXED ASSETS

Tangible assets

4

230,855

230,855

CURRENT ASSETS

Debtors

5

97,583

85,083

Cash at bank

2,281

2,888

99,864

87,971

CREDITORS

Amounts falling due within one year

6

17,424

18,525

NET CURRENT ASSETS

82,440

69,446

TOTAL ASSETS LESS CURRENT LIABILITIES

313,295

300,301

CREDITORS

Amounts falling due after more than one year

7

248,803

244,210

NET ASSETS

64,492

56,091

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

64,392

55,991

SHAREHOLDERS' FUNDS

64,492

56,091

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 28 September 2021 and were signed on its behalf by:

Mr S Uddin FCA JP - Director

1.	STATUTORY INFORMATION

Ravencroft Properties Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

20% on cost

Fixtures and fittings

-

10% on cost

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

Freehold

to

and

property

property

fittings

Totals

£

£

£

£

COST

At 1 January 2020

and 31 December 2020

230,855

2,400

104,600

337,855

DEPRECIATION

At 1 January 2020

and 31 December 2020

-

2,400

104,600

107,000

NET BOOK VALUE

At 31 December 2020

230,855

-

-

230,855

At 31 December 2019

230,855

-

-

230,855

5.

DEBTORS

31.12.20

31.12.19

£

£

Amounts falling due within one year:

Trade debtors

12,500

-

Amounts falling due after more than one year:

Other debtors

85,083

85,083

Aggregate amounts

97,583

85,083

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.20

31.12.19

£

£

Taxation and social security

-

5,081

Other creditors

17,424

13,444

17,424

18,525

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.20

31.12.19

£

£

Bank loans

242,814

237,248

Other creditors

5,989

6,962

248,803

244,210

31.12.20

31.12.19

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more than 5 yr

221,814

237,248

8.	ULTIMATE CONTROLLING PARTY

The company was under the control of Mr Shalim Uddin and Mr Kabir Khan throughout the current and previous year.