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REGISTERED NUMBER: 10691993 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Ravenswood Venue Properties Ltd

Ravenswood Venue Properties Ltd (Registered number: 10691993)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ravenswood Venue Properties Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTORS: S Guy
S A Gilchrist





REGISTERED OFFICE: Fairway House
Portland Road
East Grinstead
West Sussex
RH19 4ET





REGISTERED NUMBER: 10691993 (England and Wales)





ACCOUNTANTS: Bentleys Accounting Limited
Suite 6, 141/143 South Road
Haywards Heath
West Sussex
RH16 4LY

Ravenswood Venue Properties Ltd (Registered number: 10691993)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,761,302 4,761,302

CURRENT ASSETS
Debtors 5 478,986 503,136
Investments 6 - 100
Cash at bank 109 16,734
479,095 519,970
CREDITORS
Amounts falling due within one year 7 20,469 38,120
NET CURRENT ASSETS 458,626 481,850
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,219,928

5,243,152

CREDITORS
Amounts falling due after more than one
year

8

3,023,005

3,112,005
NET ASSETS 2,196,923 2,131,147

CAPITAL AND RESERVES
Called up share capital 100 100
Share premium 879,975 879,975
Revaluation reserve 10 1,275,500 1,275,500
Retained earnings 41,348 (24,428 )
2,196,923 2,131,147

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

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

Ravenswood Venue Properties Ltd (Registered number: 10691993)

Balance Sheet - continued
31 March 2023


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 17 October 2023 and were signed on its behalf by:





S A Gilchrist - Director


Ravenswood Venue Properties Ltd (Registered number: 10691993)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Ravenswood Venue 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 as modified by the revaluation of certain assets.

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 - 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 2 (2022 - 3 ) .

Ravenswood Venue Properties Ltd (Registered number: 10691993)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to
property property Totals
£    £    £   
COST OR VALUATION
At 1 April 2022
and 31 March 2023 4,100,000 718,145 4,818,145
DEPRECIATION
At 1 April 2022
and 31 March 2023 - 56,843 56,843
NET BOOK VALUE
At 31 March 2023 4,100,000 661,302 4,761,302
At 31 March 2022 4,100,000 661,302 4,761,302

Included in cost or valuation of land and buildings is freehold land of £ 4,100,000 (2022 - £ 4,100,000 ) which is not depreciated.

Cost or valuation at 31 March 2023 is represented by:

Improvements
Freehold to
property property Totals
£    £    £   
Valuation in 2019 1,275,500 - 1,275,500
Cost 2,824,500 718,145 3,542,645
4,100,000 718,145 4,818,145

If Freehold Property had not been revalued it would have been included at the following historical cost:

31.3.23 31.3.22
£    £   
Cost 2,824,500 2,824,500

Value of land in freehold land and buildings 4,100,000 4,100,000

Freehold Property was valued on an open market basis on 31 July 2019 by Avison Young .

5. DEBTORS
31.3.23 31.3.22
£    £   
Amounts falling due within one year:
Other debtors 650 -

Amounts falling due after more than one year:
Amounts owed by participating interests 478,336 503,136

Aggregate amounts 478,986 503,136

Ravenswood Venue Properties Ltd (Registered number: 10691993)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

6. CURRENT ASSET INVESTMENTS
31.3.23 31.3.22
£    £   
Shares in group undertakings - 100

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Tax 18,119 35,770
Accrued expenses 2,350 2,350
20,469 38,120

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans - 1-2 years - 153,792
Bank loans - 2-5 years - 153,792
Bank loans more 5 yr by instal 2,470,000 2,251,416
Amounts owed to participating interests 553,005 553,005
3,023,005 3,112,005

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 2,470,000 2,251,416

9. SECURED DEBTS

Coutts & Company has a fixed and floating charge dated 16th December 2019

10. RESERVES
Revaluation
reserve
£   
At 1 April 2022
and 31 March 2023 1,275,500

11. RELATED PARTY DISCLOSURES

LOANS TO ASSOCIATED COMPANIES

During the year the company made various loans to and from various associated companies, These are shown within the Financial Statements as 'Amounts owed to and from participating interests'

The related party transactions were processed on a commercial basis.

12. ULTIMATE CONTROLLING PARTY

The Ultimate Controlling Party is 'Gilchrist Holdings Ltd' company number 14268557.