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Registered Number: 10809110
England and Wales

 

 

 

RAVENSGATE RAMSGATE LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 29 August 2022

End date: 03 September 2023
Director G E C Gadd
Registered Number 10809110
Registered Office 56-58 King Street
Ramsgate
Kent
CT11 8NY
1
Director's report and financial statements
The directors present his/her/their annual report and the financial statements for the year ended 03 September 2023.
Directors
The directors who served the company throughout the period were as follows:
G E C Gadd (from 08/06/2017)
K Case (from 08/06/2017 to 20/07/2023)
Statement of directors' responsibilities
The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the directors are required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

This report was approved by the board and signed on its behalf by:


----------------------------------
G E C Gadd
Director

Date approved: 30 August 2024
2
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3   13,924 
  13,924 
Current assets      
Stocks 4   4,880 
Debtors 5 316    481 
Cash at bank and in hand 2,080    8,402 
2,396    13,763 
Creditors: amount falling due within one year 6 (63,286)   (26,420)
Net current assets (60,890)   (12,657)
 
Total assets less current liabilities (60,890)   1,267 
Creditors: amount falling due after more than one year 7   (16,187)
Net assets (60,890)   (14,920)
 

Capital and reserves
     
Called up share capital 100    100 
Profit and loss account (60,990)   (15,020)
Shareholders' funds (60,890)   (14,920)
 


For the period ended 03 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the board of directors on 30 August 2024 and were signed on its behalf by:


-------------------------------
G E C Gadd
Director
3
General Information
Ravensgate Ramsgate Limited is a private company, limited by shares, registered in England and Wales, registration number 10809110, registration address 56-58 King Street, Ramsgate, Kent, CT11 8NY.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 15% Reducing Balance
Fixtures and Fittings 15% Reducing Balance
Computer Equipment 15% Reducing Balance
Improvements to property 15% Reducing Balance
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. 
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.
2.

Average number of employees

Average number of employees during the period was 4 (2022 : 5).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Fixtures and Fittings   Computer Equipment   Improvements to property   Total
  £   £   £   £   £
At 29 August 2022 6,403    10,702    188    9,506    26,799 
Additions   33    30      63 
Disposals (6,403)   (10,735)   (218)   (9,506)   (26,862)
At 03 September 2023        
Depreciation
At 29 August 2022 2,584    5,644    94    4,543    12,865 
Charge for period        
On disposals (2,584)   (5,644)   (94)   (4,543)   (12,865)
At 03 September 2023        
Net book values
Closing balance as at 03 September 2023        
Opening balance as at 29 August 2022 3,819    5,048    94    4,963    13,924 


4.

Stocks

2023
£
  2022
£
Stocks   4,880 
  4,880 

5.

Debtors: amounts falling due within one year

2023
£
  2022
£
Trade Debtors 316    347 
Other Debtors   134 
316    481 

6.

Creditors: amount falling due within one year

2023
£
  2022
£
Trade Creditors 13,912    16,078 
Bank Loans & Overdrafts 19,294    4,766 
PAYE & Social Security 205    424 
Other Creditors 9,750    4,440 
VAT 20,125    712 
63,286    26,420 

7.

Creditors: amount falling due after more than one year

2023
£
  2022
£
Bank Loans & Overdrafts   16,187 
  16,187 

4