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Registered number: SC254279

Ravenstone Property Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/12/2023

Prepared By:
The Number Crunchers (Edinburgh) Ltd

Ravenstone Property Ltd

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 SC254279
ACCOUNTANTS
The Number Crunchers (Edinburgh) Ltd

Ravenstone Property Ltd

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 Ltd

BALANCE SHEET AT 31/12/2023
20232022
Notes££
FIXED ASSETS
Tangible assets32,175,0002,175,000
Investment Assets4100100
2,175,1002,175,100
CURRENT ASSETS
Debtors53,224,1933,114,924
Cash at bank and in hand24,71246,179
3,248,9053,161,103
CREDITORS: Amounts falling due within one year64,382,5764,255,541
NET CURRENT LIABILITIES(1,133,671)(1,094,438)
TOTAL ASSETS LESS CURRENT LIABILITIES1,041,4291,080,662
CAPITAL AND RESERVES
Called up share capital7525,100525,100
Revaluation reserve1e,8566,727566,727
Profit and loss account(50,398)(11,165)
SHAREHOLDERS' FUNDS1,041,4291,080,662
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
.............................
Barry Davidson
Director
.............................
Ramon Valvona
Director

Ravenstone Property Ltd

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 section 1A - 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.
Equipmentstraight line 33.33%
1c. Pension Costs
The pension charge represents the amounts payable by the company to the directors private pension (SIPP) in respect of the year.
1d. Investments
Fixed asset investments are shown at cost less amounts written off.
Provisions are made for permanent fluctuations in value.
1e. 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 note8).
2. EMPLOYEES
20232022
No.No.
Average number of employees--

Ravenstone Property Ltd

3. TANGIBLE FIXED ASSETS
Land And
BuildingsEquipmentTotal
£££
Cost
At 01/01/20232,175,0004182,175,418
Disposals-(418)(418)
At 31/12/20232,175,000-2,175,000
Depreciation
At 01/01/2023-418418
Disposals-(418)(418)
At 31/12/2023---
Net Book Amounts
At 31/12/20232,175,000-2,175,000
At 31/12/20222,175,000-2,175,000
4. FINANCIAL ASSETS
Other
InvestmentsTotal
££
Cost
At 01/01/2023100100
At 31/12/2023100100
Amortisation
Net Book Amounts
At 31/12/2023100100
At 31/12/2022100100
5. DEBTORS 20232022
££
Amounts falling due within one year
Amounts due from group companies3,224,1933,114,924
3,224,1933,114,924

Ravenstone Property Ltd

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
VAT6,8942,927
Directors current account-874
Bank Loan4,350,0004,250,000
Accruals25,6821,740
4,382,5764,255,541
7. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
100 Class A shares of £1 each100100
300000 Class B shares of £1 each300000300000
225000 Class C shares of £1 each225000225000
525,100525,100
New shares issued during period:
300000 Class B shares of £1 each300000300000
225000 Class C shares of £1 each225000225000
8. REVALUATION RESERVE 20232022
££
Land And Buildings Revalution Reserve566,727566,727
566,727566,727