ACCOUNTS - Final Accounts

Analysis of the maturity of loans is given below:

RAVINE ROAD LIMITED - Company Information

Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-12-31trueNo description of principal activity2022-01-01false13trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05559078 2022-01-01 2022-12-31 05559078 2021-01-01 2021-12-31 05559078 2022-12-31 05559078 2021-12-31 05559078 c:Director2 2022-01-01 2022-12-31 05559078 d:LeaseholdInvestmentProperty 2022-12-31 05559078 d:LeaseholdInvestmentProperty 2021-12-31 05559078 d:LeaseholdInvestmentProperty 2 2022-01-01 2022-12-31 05559078 d:CurrentFinancialInstruments 2022-12-31 05559078 d:CurrentFinancialInstruments 2021-12-31 05559078 d:Non-currentFinancialInstruments 2022-12-31 05559078 d:Non-currentFinancialInstruments 2021-12-31 05559078 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 05559078 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 05559078 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 05559078 d:Non-currentFinancialInstruments d:AfterOneYear 2021-12-31 05559078 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-12-31 05559078 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2021-12-31 05559078 d:ShareCapital 2022-12-31 05559078 d:ShareCapital 2021-12-31 05559078 d:RetainedEarningsAccumulatedLosses 2022-12-31 05559078 d:RetainedEarningsAccumulatedLosses 2021-12-31 05559078 c:OrdinaryShareClass1 2022-01-01 2022-12-31 05559078 c:OrdinaryShareClass1 2022-12-31 05559078 c:OrdinaryShareClass1 2021-12-31 05559078 c:FRS102 2022-01-01 2022-12-31 05559078 c:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 05559078 c:FullAccounts 2022-01-01 2022-12-31 05559078 c:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 05559078 d:OtherDeferredTax 2022-12-31 05559078 d:OtherDeferredTax 2021-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 05559078

RAVINE ROAD LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022


RAVINE ROAD LIMITED

CONTENTS

	Page
Statement of Financial Position	1 - 2
Notes to the Financial Statements	3 - 6


RAVINE ROAD LIMITED REGISTERED NUMBER:05559078

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2022

		2022		2021
Note		£		£

Fixed assets
Investment property	4		500,000		416,601
Current assets
Debtors: amounts falling due within one year	5	10,166		11,088
Bank and cash balances		4,460		5,451
		14,626		16,539
Current liabilities
Creditors: amounts falling due within one year	6	(21,105)		(20,944)
Net current liabilities			(6,479)		(4,405)
Total assets less current liabilities			493,521		412,196
Creditors: amounts falling due after more than one year	7		(388,126)		(389,826)
Provisions for liabilities
Deferred tax			(20,850)		-
Net assets			84,545		22,370

Capital and reserves
Called up share capital	10	100	100
Profit and loss account		84,445	22,270
		84,545	22,370

The director considers 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 director acknowledges his 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.

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RAVINE ROAD LIMITED REGISTERED NUMBER:05559078

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 DECEMBER 2022

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 on 1 September 2023.

D C Reichmann

Director

The notes on pages 3 to 6 form part of these financial statements.

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RAVINE ROAD LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

1.	General information

Ravine Road Limited is a private company, limited by shares, incorporated in England and Wales. Its registered office and principal place of business is at Cavendish House, 369 Burnt Oak Broadway, Edgware, HA8 5AW.
The principal activity of the Company is that of property investment.
The Company's functional and presentational currency is £ sterling.

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

The director is satisfied that projected rental income will be sufficient to meet ongoing running costs and loan interest commitments for at least 12 months from the date of his approval of these financial statements. Based on the above the director considers it appropriate to prepare the financial statements on a going concern basis.

2.3

Revenue

Turnover represents amounts receivable for rents net of VAT.

Rents are accounted for in the period to which they relate.

2.4

Investment property

Investment property is carried at fair value determined annually by the director and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of Comprehensive Income.

2.5

Debtors

Short term debtors are measured at the transaction price.

2.6

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, and loans from banks and related parties.

2.7

Creditors

Short term creditors are measured at the transaction price.

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RAVINE ROAD LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

2.8

Finance costs

Finance costs are charged to the Statement of Comprehensive Income over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.9

Borrowing costs

All borrowing costs are recognised in the Statement of Comprehensive Income in the period in which they are incurred.

2.10

Current and deferred taxation

Tax is recognised in the Statement of Comprehensive Income except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Statement of Financial Position date, except that:
(a) The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
(b) Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
Deferred tax balances are not recognised in respect of permanent differences. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Employees

The directors were the only employees of the Company during the current and preceding year.

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RAVINE ROAD LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

4.	Investment property

		Long term leasehold investment property
		£
	Valuation
	At 1 January 2022	416,601
	Surplus on revaluation	83,399
	At 31 December 2022	500,000

The 2022 valuations were made by the director, on an open market value for existing use basis.

Debtors

					2022	2021
					£	£


Trade debtors	925	1,925
Other debtors	8,600	8,600
Prepayments and accrued income	641	563
	10,166	11,088

6.	Creditors: Amounts falling due within one year
		2022	2021
		£	£

Corporation tax	-	139
Other creditors	1,000	6,000
Accruals and deferred income	20,105	14,805
	21,105	20,944

7.	Creditors: Amounts falling due after more than one year
		2022	2021
		£	£

	Mortgage loans	388,126	389,826

The mortgage loans are secured by first charges on the freehold investment properties.

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RAVINE ROAD LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

Amounts falling due after more than 5 years
Mortgage loans	388,126	389,826

9.	Deferred taxation

		2022
		£

	Charged to profit or loss	(20,850)
	At end of year	(20,850)

The deferred taxation balance is made up as follows:
	2022	2021
	£	£

	Increase in the fair values of investment properties	(20,850)	-
		(20,850)	-

10.	Share capital
		2022	2021
		£	£

Allotted, called up and fully paid

100 (2021 - 100) Ordinary shares of £1 each	100	100

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