Registered number
00736580
Ravenscourt Consultants Limited
Filleted Accounts
31 December 2023
Ravenscourt Consultants Limited
Registered number: 00736580
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Investments 3 1,941,902 1,788,712
Current assets
Debtors 4 2,680 2,680
Cash at bank and in hand 53,859 70,227
56,539 72,907
Creditors: amounts falling due within one year 5 (17,736) (38,246)
Net current assets 38,803 34,661
Total assets less current liabilities 1,980,705 1,823,373
Creditors: amounts falling due after more than one year 6 (920,500) (935,500)
Provisions for liabilities (192,332) (134,332)
Net assets 867,873 753,541
Capital and reserves
Called up share capital 200,000 200,000
Profit and loss account 667,873 553,541
Shareholders' funds 867,873 753,541
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S S Potel
Director
Approved by the board on 15 July 2024
Ravenscourt Consultants Limited
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Investments
Listed investments are valued at market value at the balance sheet date and all revaluation gains and losses are taken to revenue reserves in the period of revaluation. Where the assets held are denominated in a non-sterling currency, any gain or loss arising from the movement on the exchange rates between sterling and that currency are treated as part of the gain/loss on revaluation. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Investments
Other
investments
£
Valuation
At 1 January 2023 1,081,701
Additions 448,912
Revaluation 769,332
Disposals (358,043)
At 31 December 2023 1,941,902
Historical cost
At 1 January 2023 1,081,701
Additions 448,912
Disposals (358,042)
At 31 December 2023 1,172,571
4 Debtors 2023 2022
£ £
Other debtors 2,680 2,680
5 Creditors: amounts falling due within one year 2023 2022
£ £
Other creditors 17,736 38,246
6 Creditors: amounts falling due after one year 2023 2022
£ £
Other creditors 920,500 935,500
7 Loans 2023 2022
£ £
Creditors include:
Amounts payable otherwise than by instalment falling due for payment after more than five years 920,500 935,500
All loans incur an annual interest charge at commercial rates
8 Controlling party
The company is controlled by its directors who between them hold 100% of the issued share capital.
9 Other information
Ravenscourt Consultants Limited is a private company limited by shares and incorporated in England. Its registered office is:
Suite 8, 58 Acacia Avenue
St Johns Wood
LONDON
NW8 6AG
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