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Registered number: SC279796

Ravenstone Property Development Limited

ACCOUNTS
FOR THE YEAR ENDED 31/12/2023

Prepared By:
The Number Crunchers (Edinburgh) Ltd

Ravenstone Property Development Limited

ACCOUNTS
FOR THE YEAR ENDED 31/12/2023
DIRECTORS
Ramon Valvona
Barry Davidson
REGISTERED OFFICE
32 Rodney Street
Edinburgh
EH7 4DX
COMPANY DETAILS
Private company limited by shares registered in SC - Scotland, registered number SC279796
ACCOUNTANTS
The Number Crunchers (Edinburgh) Ltd

Ravenstone Property Development Limited

ACCOUNTS
FOR THEYEARENDED31/12/2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Ravenstone Property Development Limited

BALANCE SHEET AT 31/12/2023
20232022
Notes££
FIXED ASSETS
Tangible assets25,480,0005,480,000
CURRENT ASSETS
Debtors34427,310
Cash at bank and in hand86,28841,040
86,33268,350
CREDITORS: Amounts falling due within one year43,229,8333,158,756
NET CURRENT LIABILITIES(3,143,501)(3,090,406)
TOTAL ASSETS LESS CURRENT LIABILITIES2,336,4992,389,594
CAPITAL AND RESERVES
Called up share capital6100100
Revaluation reserve1d,71,991,1721,991,172
Profit and loss account345,227398,322
SHAREHOLDERS' FUNDS2,336,4992,389,594
For the year ending 31/12/2023 the company was entitled to exemption 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 directors acknowledge their 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 07/02/2024 and signed on their behalf by
.............................
Ramon Valvona
Director
.............................
Barry Davidson
Director

Ravenstone Property Development Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/12/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
1c. Pension Costs
The pension charge represents the amounts payable by the company to the directors and staff private pensions (SIPP) in respect of the year.
1d. Revaluation Reserve
Surpluses or deficits arising on the revaluation of individual fixed assets (properties) are credited or debited to a non-distributible reserve known as the revaluation reserve (see also note7).
1e. Taxation
Taxation represents the sum of tax currently payable
2. TANGIBLE FIXED ASSETS
Land And
BuildingsTotal
££
Cost
At 01/01/20235,480,0005,480,000
At 31/12/20235,480,0005,480,000
Depreciation
At 31/12/2023--
Net Book Amounts
At 31/12/20235,480,0005,480,000
At 31/12/20225,480,0005,480,000

Ravenstone Property Development Limited

3. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors-27,310
PAYE control44-
4427,310
4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax-14,782
Ravenstone Property Ltd3,224,1933,114,924
Accruals5,6401,740
Deferred income-27,310
3,229,8333,158,756
5. EMPLOYEES
20232022
No.No.
Average number of employees2-
6. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100
7. REVALUATION RESERVE 20232022
££
Revaluation reserve1,991,1721,991,172
1,991,1721,991,172