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REGISTERED NUMBER: 11505742 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

RAVEN PROPERTY LIMITED

RAVEN PROPERTY LIMITED (REGISTERED NUMBER: 11505742)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


RAVEN PROPERTY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: J E G Hewson
F Hewson





REGISTERED OFFICE: Energique
Anstey Park
Anstey Lane
Alton
Hampshire
GU34 2NB





REGISTERED NUMBER: 11505742 (England and Wales)





ACCOUNTANTS: Tiakyfee Consultants Ltd
5 Dukes Close
Alton
Hampshire
GU34 1PH

RAVEN PROPERTY LIMITED (REGISTERED NUMBER: 11505742)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 631

CURRENT ASSETS
Debtors 5 98,034 138,621
Cash at bank 19,273 11,866
117,307 150,487
CREDITORS
Amounts falling due within one year 6 80,484 110,875
NET CURRENT ASSETS 36,823 39,612
TOTAL ASSETS LESS CURRENT
LIABILITIES

36,823

40,243

CREDITORS
Amounts falling due after more than one year 7 (7,500 ) (10,500 )

PROVISIONS FOR LIABILITIES - (120 )
NET ASSETS 29,323 29,623

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 29,223 29,523
29,323 29,623

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.

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 1 February 2024 and were signed on its behalf by:



J E G Hewson - Director


RAVEN PROPERTY LIMITED (REGISTERED NUMBER: 11505742)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Raven Property 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 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost

Financial instruments
Basic financial instruments are recognised at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, will be measured, initially and subsequently, at the undiscounted amount, unless the transaction is beyond the normal business terms or financed at a rate of interest that is not a market rate.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 3 ) .

RAVEN PROPERTY LIMITED (REGISTERED NUMBER: 11505742)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022
and 31 March 2023 1,894
DEPRECIATION
At 1 April 2022 1,263
Charge for year 631
At 31 March 2023 1,894
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 631

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other debtors 98,034 138,621

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 3,000 3,000
Amounts owed to associates 48,963 52,571
Taxation and social security 3,546 20,627
Other creditors 24,975 34,677
80,484 110,875

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans 7,500 10,500

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

31.3.23 31.3.22
£    £   
J E G Hewson and F Hewson
Balance outstanding at start of year 95,762 54,885
Amounts advanced 87,707 40,877
Amounts repaid (117,105 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 66,364 95,762

RAVEN PROPERTY LIMITED (REGISTERED NUMBER: 11505742)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Interest on the overdrawn directors loan account has been charged at the HMRC rate and is included within interest received. This amounted to £1,134 (2022: £1,501).

9. RELATED PARTY DISCLOSURES

J & F Hewson, directors and shareholders, own a beneficial interest in Raven Associates Ltd.

Included within amounts owed to associates is £48,963 (2022: £52,571) due to Raven Associates Ltd.

The management fee of £12,080 is receivable from Raven Associates Ltd.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J E G Hewson.