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 2018





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 2018










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


RAVENSMERE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2018







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 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 259,378 161,260

CURRENT ASSETS
Debtors 5 542 4,225
Investments 6 53,767 47,947
Cash at bank 49,100 43,087
103,409 95,259
CREDITORS
Amounts falling due within one year 7 320,183 224,908
NET CURRENT LIABILITIES (216,774 ) (129,649 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
42,604
31,611

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 42,504 31,511
SHAREHOLDERS' FUNDS 42,604 31,611

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 10 December 2018 and were signed on its behalf
by:



Mr D Macaree - Director


The notes form part of these financial statements

Page 2
RAVENSMERE LIMITED (REGISTERED NUMBER: 09773447)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2018


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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

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 NIL (2017 - 2 ).

Page 3 continued...
RAVENSMERE LIMITED (REGISTERED NUMBER: 09773447)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2018


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2017 161,260
Additions 98,118
At 30 September 2018 259,378
NET BOOK VALUE
At 30 September 2018 259,378
At 30 September 2017 161,260

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 542 4,125
Other debtors - 100
542 4,225

6. CURRENT ASSET INVESTMENTS
2018 2017
£    £   
Listed investments 53,767 47,947

This is shown at fair value.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Corporation tax 2,360 220
Directors' current accounts 313,032 221,088
Accruals and deferred income 4,791 3,600
320,183 224,908

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2018 2017
value: £    £   
100 Ordinary £1 100 100

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

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2018


9. RESERVES
Retained
earnings
£   

At 1 October 2017 31,511
Profit for the year 12,993
Dividends (2,000 )
At 30 September 2018 42,504

10. ULTIMATE CONTROLLING PARTY

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

Page 5