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REGISTERED NUMBER: 01223181 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

FOR

RAVENS MOUNT (LEEDS) LIMITED

RAVENS MOUNT (LEEDS) LIMITED (REGISTERED NUMBER: 01223181)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 August 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


RAVENS MOUNT (LEEDS) LIMITED

COMPANY INFORMATION
for the year ended 31 August 2023







DIRECTORS: Mrs L J Longstaff
Dr E J Longstaff Tillett





SECRETARY: Dr L J Longstaff





REGISTERED OFFICE: Long Acre Hollins Lane
Hampsthwaite
Harrogate
North Yorkshire
HG3 2HJ





REGISTERED NUMBER: 01223181 (England and Wales)

RAVENS MOUNT (LEEDS) LIMITED (REGISTERED NUMBER: 01223181)

STATEMENT OF FINANCIAL POSITION
31 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 - 53
Investment property 5 508,960 508,960
508,960 509,013

CURRENT ASSETS
Debtors 6 5,046 10,212
Cash at bank 46,442 44,346
51,488 54,558
CREDITORS
Amounts falling due within one year 7 11,185 10,365
NET CURRENT ASSETS 40,303 44,193
TOTAL ASSETS LESS CURRENT
LIABILITIES

549,263

553,206

PROVISIONS FOR LIABILITIES 7,599 7,612
NET ASSETS 541,664 545,594

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 541,564 545,494
SHAREHOLDERS' FUNDS 541,664 545,594

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 15 August 2024 and were signed on its behalf by:



Mrs L J Longstaff - Director



Dr E J Longstaff Tillett - Director


RAVENS MOUNT (LEEDS) LIMITED (REGISTERED NUMBER: 01223181)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 August 2023


1. STATUTORY INFORMATION

Ravens Mount (Leeds) 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 as modified by the revaluation of certain assets.

Going concern
The company has a net asset position and a healthy bank position and the directors are satisfied that there are sufficient resources in place to continue operating for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the annual financial statements.

Significant judgements and estimates
In preparing the financial statements, management is required to make estimates and assumptions which affect reported income, expenses, assets, liabilities and disclosure of contingent assets and liabilities. Use of available information and application of judgement are inherent in the formation of estimates, together with past experience and expectations of future events that are believed to be reasonable under the circumstances. Actual results in the future could differ from such estimates.

Critical judgements in applying the company's policies
Management have estimated the fair value of the investment properties.

Critical accounting estimates and assumptions
The directors do not consider that any other estimates and assumptions used in the preparation of these financial statements have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Revenue
Revenue comprises rent receivable.

Property,plant and equipment
Items of property, plant and equipment are initially measured at cost. After initial recognition items of property, plant and equipment are measured at cost less any accumulated depreciation and any accumulated impairment losses.

Depreciation is provided at the following annual rates in order to write off the cost of each asset over its estimated useful life.

Computer equipment -33% on cost
Fixtures and fittings- 20% on cost

Investment property
Investment properties are initially measured at cost, including transaction costs. After initial recognition investment properties whose fair value can be measured reliably are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade, other accounts receivable and payable and loans to related parties.

Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

Debt instruments such as loans and other accounts receivable and payable are initially measured at present value of the future payments and subsequently at amortised costs using the effective interest method.


RAVENS MOUNT (LEEDS) LIMITED (REGISTERED NUMBER: 01223181)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 August 2023


2. ACCOUNTING POLICIES - continued
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 2 (2022 - 2 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 September 2022 8,682 6,130 14,812
Disposals - (4,973 ) (4,973 )
At 31 August 2023 8,682 1,157 9,839
DEPRECIATION
At 1 September 2022 8,682 6,077 14,759
Charge for year - 53 53
Eliminated on disposal - (4,973 ) (4,973 )
At 31 August 2023 8,682 1,157 9,839
NET BOOK VALUE
At 31 August 2023 - - -
At 31 August 2022 - 53 53

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2022
and 31 August 2023 508,960
NET BOOK VALUE
At 31 August 2023 508,960
At 31 August 2022 508,960

RAVENS MOUNT (LEEDS) LIMITED (REGISTERED NUMBER: 01223181)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 August 2023


5. INVESTMENT PROPERTY - continued

Fair value at 31 August 2023 is represented by:
£   
Valuation in 2023 508,960

If investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 372,486 372,486

Investment property was valued on an open market basis on 31 August 2023 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 5,046 10,212

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 4,981 5,850
Other creditors 6,204 4,515
11,185 10,365

8. RELATED PARTY DISCLOSURES

Directors' remuneration during the period was £nil (2022 - £nil).

The directors have made a loan to the company. At the year end the amount owed was £162 (2022 - £162). No interest had been charged during the period (2022 - £nil).