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REGISTERED NUMBER: 11269836 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

RAVEN SCORES LIMITED

RAVEN SCORES LIMITED (REGISTERED NUMBER: 11269836)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


RAVEN SCORES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: R K G Hollier
S Orchard





REGISTERED OFFICE: 23 High Street
Pewsey
Wiltshire
SN9 5AF





REGISTERED NUMBER: 11269836 (England and Wales)





ACCOUNTANTS: Macalvins Limited
Chartered Accountants
7 St John's Road
Harrow
Middlesex
HA1 2EY

RAVEN SCORES LIMITED (REGISTERED NUMBER: 11269836)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,157,667 1,132,113

CURRENT ASSETS
Debtors 5 116,014 200,937
Cash at bank 103 182
116,117 201,119
CREDITORS
Amounts falling due within one year 6 299,528 439,469
NET CURRENT LIABILITIES (183,411 ) (238,350 )
TOTAL ASSETS LESS CURRENT LIABILITIES 974,256 893,763

CREDITORS
Amounts falling due after more than one year 7 10,324 12,230
NET ASSETS 963,932 881,533

CAPITAL AND RESERVES
Called up share capital 793,643 793,643
Retained earnings 170,289 87,890
SHAREHOLDERS' FUNDS 963,932 881,533

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 6 August 2024 and were signed on its behalf by:





S Orchard - Director


RAVEN SCORES LIMITED (REGISTERED NUMBER: 11269836)

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

1. STATUTORY INFORMATION

Raven Scores 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.

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 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.

Going Concern
The financial statements have been prepared on a going concern basis not withstanding the company's net current liabilities position as at the year end. The connected company has provided with an undertaking that they will continue to support financially for the foreseeable future and that they will not seek repayment of the amounts currently owing to them in the twelve months from the date of signing the financial statements.

Turnover
Turnover represents royalties received from music copyrights during the year.

Revenue recognition
Royalties from music copyrights is recognised by the company in the accounting period in which they relate to.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Music copyrights are valued at cost less accumulated amortisation. Amortisation is calculated to write off the cost in equal annual instalments over their estimated useful life of 20 years.

Financial instruments
Financial assets and financial liabilities are recognised in the Company’s balance sheet when the Company becomes a party to the contractual provisions of the instrument.

Loans and borrowings
Loans and borrowings are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

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

RAVEN SCORES LIMITED (REGISTERED NUMBER: 11269836)

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

4. INTANGIBLE FIXED ASSETS
Music
Copyrights
£   
COST
At 1 January 2023 1,322,259
Additions 129,930
Disposals (50,933 )
At 31 December 2023 1,401,256
AMORTISATION
At 1 January 2023 190,146
Amortisation for year 62,645
Eliminated on disposal (9,202 )
At 31 December 2023 243,589
NET BOOK VALUE
At 31 December 2023 1,157,667
At 31 December 2022 1,132,113

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other debtors 116,014 200,937

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 1,906 1,906
Trade creditors - 51,820
Amount owed to connected companies 186,377 289,738
Taxation and social security 31,757 18,910
Other creditors 79,488 77,095
299,528 439,469

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans 10,324 12,230

Amounts falling due in more than five years:

Repayable by instalments
Bank loans due after more than
5 years 2,700 4,606
2,700 4,606