Ravensmere Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 09773447 (England and Wales)

RAVENSMERE LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

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

FIXED ASSETS

Tangible assets

4

-

234

Investment property

5

270,378

270,378

270,378

270,612

CURRENT ASSETS

Debtors

6

-

715,002

Investments

7

92,373

89,281

Cash at bank and in hand

798,629

43,816

891,002

848,099

CREDITORS

Amounts falling due within one year

8

(970,923

)

(967,054

)

NET CURRENT LIABILITIES

(79,921

)

(118,955

)

TOTAL ASSETS LESS CURRENT LIABILITIES

190,457

151,657

PROVISIONS FOR LIABILITIES

-

(30

)

NET ASSETS

190,457

151,627

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

190,357

151,527

SHAREHOLDERS' FUNDS

190,457

151,627

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 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 19 February 2024 and were signed on its behalf by:

Mr D Macaree - Director

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.

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 2 (2022 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 October 2022

and 30 September 2023

939

DEPRECIATION

At 1 October 2022

705

Charge for year

234

At 30 September 2023

939

NET BOOK VALUE

At 30 September 2023

-

At 30 September 2022

234

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 October 2022

and 30 September 2023

270,378

NET BOOK VALUE

At 30 September 2023

270,378

At 30 September 2022

270,378

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.23

30.9.22

£

£

Trade debtors

-

15,002

Other debtors

-

700,000

-

715,002

7.	CURRENT ASSET INVESTMENTS

30.9.23

30.9.22

£

£

Listed investments

92,373

89,281

This is shown at fair value.

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.23

30.9.22

£

£

Taxation and social security

3,431

2,639

Other creditors

967,492

964,415

970,923

967,054

9.	ULTIMATE CONTROLLING PARTY

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