RAVENWOOD_COURT_MANAGEMEN - Accounts

The directors present their annual report and financial statements for the Period ended 28 September 2022.

The principal activity of the company continued to be that of the maintenance and servicing of Ravenwood Court.

The directors who held office during the Period and up to the date of signature of the financial statements were as follows:

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

For the financial Period ended 28 September 2022 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

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 members have not required the company to obtain an audit of its financial statements for the Period in question in accordance with section 476.

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

Ravenwood Court Management Limited is a private company limited by shares incorporated in England and Wales. The registered office is KTS Estate Management Ltd, 2 Park Farm, Chichester Road, Arundel, West Sussex, BN18 0AG.

The reporting period changed in the year and the financial statements are presented for an 18 month period. As a result, the comparative amounts presented in the financial statements (including related notes) are not entirely comparable.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company has not traded during the Period or the preceding financial period. During this time, the company received no income and incurred no expenditure and therefore no Profit and loss account is presented in these financial statements.

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land is not depreciated.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Equity instruments issued by the company are recorded at the proceeds received.

Following a change in managing agent, a prior year adjustment was made to the comparative figures as the recommendations within the ICAEW Technical Release TECH 03/11 were applied.

As a result, it is determined that the company has no income and expenditure in its own right. All transactions in the year relate to maintenance of Ravenwood Court in accordance with the lease. Income and expenditure arising from these transactions is shown in separate service charge accounts for the properties, that do not form part of the annual accounts for the company and are not filed at companies house.

The average monthly number of persons (including directors) employed by the company during the Period was:

Following a change in managing agent, a prior year adjustment was made to the comparative figures in order to apply the recommendations within the ICAEW Technical Release TECH 03/11.

As a result, it is determined that the company has no income and expenditure in its own right. All transactions in the year relate to maintenance of Ravenwood Court in accordance with the lease. Income and expenditure arising from these transactions is shown in separate service charge accounts for the properties, that do not form part of the annual accounts for the company and are not filed at companies house.