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REGISTERED NUMBER: 07398685 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

RAVENSWAY PROPERTIES LTD

RAVENSWAY PROPERTIES LTD (REGISTERED NUMBER: 07398685)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


RAVENSWAY PROPERTIES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTOR: D Schreiber





SECRETARY: Mrs R Niederman





REGISTERED OFFICE: 147 Stamford Hill
London
N16 5LG





REGISTERED NUMBER: 07398685 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

RAVENSWAY PROPERTIES LTD (REGISTERED NUMBER: 07398685)

STATEMENT OF FINANCIAL POSITION
31 OCTOBER 2023

31.10.23 31.10.22
Notes £    £   
FIXED ASSETS
Investment property 4 1,747,799 1,747,799

CURRENT ASSETS
Debtors 5 1,825,245 1,775,048
Cash at bank 7,044 -
1,832,289 1,775,048
CREDITORS
Amounts falling due within one year 6 (2,997,817 ) (2,291,176 )
NET CURRENT LIABILITIES (1,165,528 ) (516,128 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

582,271

1,231,671

CREDITORS
Amounts falling due after more than one
year

7

-

(692,899

)
NET ASSETS 582,271 538,772

CAPITAL AND RESERVES
Called up share capital 8 1 1
Revaluation reserve 9 337,108 337,108
Retained earnings 9 245,162 201,663
SHAREHOLDERS' FUNDS 582,271 538,772

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

RAVENSWAY PROPERTIES LTD (REGISTERED NUMBER: 07398685)

STATEMENT OF FINANCIAL POSITION - continued
31 OCTOBER 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 director and authorised for issue on 28 July 2024 and were signed by:





D Schreiber - Director


RAVENSWAY PROPERTIES LTD (REGISTERED NUMBER: 07398685)

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

1. STATUTORY INFORMATION

Ravensway 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention except for the assets and liabilities which are required by FRS 102 to be stated at fair value.

Turnover
Turnover represents net rent receivable, excluding value added tax.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 NIL (2022 - NIL).

RAVENSWAY PROPERTIES LTD (REGISTERED NUMBER: 07398685)

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022
and 31 October 2023 1,747,799
NET BOOK VALUE
At 31 October 2023 1,747,799
At 31 October 2022 1,747,799

Fair value at 31 October 2023 is represented by:
£   
Valuation in 2017 337,108
Cost 1,410,691
1,747,799

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Other debtors 1,825,245 1,775,048

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade creditors 11,989 2,487
Taxation and social security 9,269 13,363
Other creditors 2,976,559 2,275,326
2,997,817 2,291,176

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Bank loans - 692,899

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 692,899

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
1 Ordinary £1 1 1

RAVENSWAY PROPERTIES LTD (REGISTERED NUMBER: 07398685)

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

9. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 November 2022 201,663 337,108 538,771
Profit for the year 43,499 43,499
At 31 October 2023 245,162 337,108 582,270

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Midos Gc Limited.