Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31true0No description of principal activity2023-01-01false0trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05559078 2023-01-01 2023-12-31 05559078 2022-01-01 2022-12-31 05559078 2023-12-31 05559078 2022-12-31 05559078 2022-01-01 05559078 c:Director2 2023-01-01 2023-12-31 05559078 d:LeaseholdInvestmentProperty 2023-12-31 05559078 d:LeaseholdInvestmentProperty 2022-12-31 05559078 d:CurrentFinancialInstruments 2023-12-31 05559078 d:CurrentFinancialInstruments 2022-12-31 05559078 d:Non-currentFinancialInstruments 2023-12-31 05559078 d:Non-currentFinancialInstruments 2022-12-31 05559078 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 05559078 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 05559078 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 05559078 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 05559078 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-12-31 05559078 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-12-31 05559078 d:ShareCapital 2023-12-31 05559078 d:ShareCapital 2022-12-31 05559078 d:RetainedEarningsAccumulatedLosses 2023-12-31 05559078 d:RetainedEarningsAccumulatedLosses 2022-12-31 05559078 c:OrdinaryShareClass1 2023-01-01 2023-12-31 05559078 c:OrdinaryShareClass1 2023-12-31 05559078 c:OrdinaryShareClass1 2022-12-31 05559078 c:FRS102 2023-01-01 2023-12-31 05559078 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 05559078 c:FullAccounts 2023-01-01 2023-12-31 05559078 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 05559078 d:OtherDeferredTax 2023-12-31 05559078 d:OtherDeferredTax 2022-12-31 05559078 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 05559078














RAVINE ROAD LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

 
RAVINE ROAD LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
1 - 2
Notes to the Financial Statements
 
3 - 6


 
RAVINE ROAD LIMITED
REGISTERED NUMBER:05559078

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investment property
 4 
500,000
500,000

Current assets
  

Debtors: amounts falling due within one year
 5 
12,744
10,166

Bank and cash balances
  
22
4,460

  
12,766
14,626

Current liabilities
  

Creditors: amounts falling due within one year
 6 
(20,677)
(21,105)

Net current liabilities
  
 
 
(7,911)
 
 
(6,479)

Total assets less current liabilities
  
492,089
493,521

Creditors: amounts falling due after more than one year
 7 
(387,102)
(388,126)

Provisions for liabilities
  

Deferred tax
  
(20,850)
(20,850)

Net assets
  
84,137
84,545


Capital and reserves
  

Called up share capital 
 10 
100
100

Profit and loss account
  
84,037
84,445

  
84,137
84,545


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Page 1

 
RAVINE ROAD LIMITED
REGISTERED NUMBER:05559078
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 19 September 2024.




D C Reichmann
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
RAVINE ROAD LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Ravine Road Limited is a private company, limited by shares, incorporated in England and Wales. Its registered office and principal place of business is at Cavendish House, 369 Burnt Oak Broadway, Edgware, HA8 5AW. 
The principal activity of the Company is that of property investment.
The Company's functional and presentational currency is £ sterling.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The director, who is also the shareholder, is satisfied that the Company will have sufficient funds to meet ongoing running costs and loan interest commitments for at least 12 months from the date of his approval of these financial statements. Based on the above the director considers it appropriate to prepare the financial statements on a going concern basis.

 
2.3

Revenue

Turnover represents amounts receivable for rents net of VAT. 

Rents are accounted for in the period to which they relate. 

 
2.4

Investment property

Investment property is carried at fair value determined annually by the director and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of Comprehensive Income.

 
2.5

Debtors

Short term debtors are measured at the transaction price.

 
2.6

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, and loans from banks and related parties.

 
2.7

Creditors

Short term creditors are measured at the transaction price.

Page 3

 
RAVINE ROAD LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.8

Finance costs

Finance costs are charged to the Statement of Comprehensive Income over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.9

Borrowing costs

All borrowing costs are recognised in the Statement of Comprehensive Income in the period in which they are incurred.

 
2.10

Current and deferred taxation

Tax is recognised in the Statement of Comprehensive Income except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Statement of Financial Position date, except that:
(a) The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
(b) Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
Deferred tax balances are not recognised in respect of permanent differences. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


3.


Employees

The Company has no employees other than the director, who did not receive any remuneration (2022 - £NIL).

Page 4

 
RAVINE ROAD LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Investment property


Long term leasehold investment property

£



Valuation


At 1 January 2023
500,000



At 31 December 2023
500,000

The 2023 valuations were made by the director, on an open market value for existing use basis.





5.


Debtors

2023
2022
£
£


Trade debtors
3,463
925

Other debtors
8,600
8,600

Prepayments and accrued income
681
641

12,744
10,166



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
228
-

Other creditors
7,800
1,000

Accruals and deferred income
12,649
20,105

20,677
21,105



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Mortgage loans
387,102
388,126


The mortgage loans are secured by first charges on the freehold investment properties.

Page 5

 
RAVINE ROAD LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

8.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due after more than 5 years

Mortgage loans
387,101
388,126



9.


Deferred taxation




2023
2022


£

£






At beginning of year
20,850
-


Charged to profit or loss
-
20,850



At end of year
20,850
20,850

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Increase in the fair values of investment properties
20,850
20,850


10.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1 each
100
100


 
Page 6