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REGISTERED NUMBER: 10829619 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

RAVING INVESTMENTS LIMITED

RAVING INVESTMENTS LIMITED (REGISTERED NUMBER: 10829619)

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


RAVING INVESTMENTS LIMITED

COMPANY INFORMATION
for the year ended 31 December 2023







DIRECTOR: Mr N R Shanahan





SECRETARY: Mrs E F Shanahan





REGISTERED OFFICE: 3 Pegasus House, Pegasus Court
Olympus Avenue
Warwick
Warwickshire
CV34 6LW





REGISTERED NUMBER: 10829619 (England and Wales)





ACCOUNTANTS: Pentlands Accountants and advisors Ltd
Chartered Certified Accountants
and Registered Auditors
3 & 4 Pegasus House
Pegasus Court
Olympus Avenue
Warwick
Warwickshire
CV34 6LW

RAVING INVESTMENTS LIMITED (REGISTERED NUMBER: 10829619)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 18,352,019 16,772,847

CURRENT ASSETS
Debtors 5 2,970,665 2,890,666
Cash at bank 2,664,544 2,868,853
5,635,209 5,759,519
CREDITORS
Amounts falling due within one year 6 174,263 3,600
NET CURRENT ASSETS 5,460,946 5,755,919
TOTAL ASSETS LESS CURRENT
LIABILITIES

23,812,965

22,528,766

CAPITAL AND RESERVES
Called up share capital 150 150
Share premium 7,499,949 7,499,949
Fair value reserve 7 1,019,064 8,877
Retained earnings 15,293,802 15,019,790
23,812,965 22,528,766

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 director acknowledges his 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 director and authorised for issue on 23 September 2024 and were signed by:




Mr N R Shanahan - Director


RAVING INVESTMENTS LIMITED (REGISTERED NUMBER: 10829619)

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


1. STATUTORY INFORMATION

Raving Investments 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.

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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 1 (2022 - NIL ) .

RAVING INVESTMENTS LIMITED (REGISTERED NUMBER: 10829619)

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


4. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST
At 1 January 2023 2 16,772,845 16,772,847
Additions - 241,539 241,539
Disposals - (18,726 ) (18,726 )
Share of profit/(loss) - 911,826 911,826
Dividends received - 444,533 444,533
At 31 December 2023 2 18,352,017 18,352,019
NET BOOK VALUE
At 31 December 2023 2 18,352,017 18,352,019
At 31 December 2022 2 16,772,845 16,772,847

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 2,970,665 2,890,666

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 174,263 3,600

7. RESERVES
Fair
value
reserve
£   
At 1 January 2023 8,877
Gains/losses on investments 1,010,187

At 31 December 2023 1,019,064

8. ULTIMATE CONTROLLING PARTY

The controlling party is Mr N R Shanahan.