Company Registration No. SC558058 (Scotland)
Ravelston House LTD
Unaudited accounts
for the year ended 31 March 2023
Ravelston House LTD
Unaudited accounts
Contents
Ravelston House LTD
Company Information
for the year ended 31 March 2023
Company Number
SC558058 (Scotland)
Registered Office
182 North High Street
Musselburgh
East Lothian
EH21 6BH
Accountants
GR Thomson & Co LTD
EH20 Business Centre
6 Dryden Road
Loanhead
Midlothian
EH20 9LZ
Ravelston House LTD
Statement of financial position
as at 31 March 2023
Tangible assets
116,819
129,901
Cash at bank and in hand
18,581
54,697
Creditors: amounts falling due within one year
(137,547)
(127,635)
Net current liabilities
(101,219)
(55,894)
Total assets less current liabilities
15,600
74,007
Creditors: amounts falling due after more than one year
-
(28,232)
Called up share capital
3
3
Profit and loss account
15,597
45,772
Shareholders' funds
15,600
45,775
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 15 November 2023 and were signed on its behalf by
Martin Ivinson
Director
Company Registration No. SC558058
Ravelston House LTD
Notes to the Accounts
for the year ended 31 March 2023
Ravelston House LTD is a private company, limited by shares, registered in Scotland, registration number SC558058. The registered office is 182 North High Street, Musselburgh, East Lothian, EH21 6BH.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10% reducing balance
Plant & machinery
25% reducing balance
Fixtures & fittings
15% reducing balance
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2022
53,787
121,369
62,723
237,879
At 31 March 2023
53,787
126,354
62,723
242,864
At 1 April 2022
26,893
60,668
20,417
107,978
Charge for the year
2,689
9,032
6,346
18,067
At 31 March 2023
29,582
69,700
26,763
126,045
At 31 March 2023
24,205
56,654
35,960
116,819
At 31 March 2022
26,894
60,701
42,306
129,901
Ravelston House LTD
Notes to the Accounts
for the year ended 31 March 2023
Amounts falling due within one year
Accrued income and prepayments
2,243
560
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
-
8,874
Trade creditors
6,816
1,955
Taxes and social security
14,397
32,066
Other creditors
72,650
59,486
Loans from directors
(795)
(735)
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 32 (2022: 32).