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REGISTERED NUMBER: 06558998 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

RAVENSTALL LTD

RAVENSTALL LTD (REGISTERED NUMBER: 06558998)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RAVENSTALL LTD

COMPANY INFORMATION
for the year ended 30 September 2023







DIRECTOR: S A Smith



REGISTERED OFFICE: The Neighbourhood
44 Warwick Street
Leamington Spa
Warwickshire
CV32 5JS



REGISTERED NUMBER: 06558998 (England and Wales)



BANKERS: Lloyds Bank PLC
73 The Parade
Leamington Spa
Warwickshire
CV32 4BB

RAVENSTALL LTD (REGISTERED NUMBER: 06558998)

BALANCE SHEET
30 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 552,648 688,518
552,648 688,518

CURRENT ASSETS
Stocks 7,526 20,937
Debtors 6 219,161 314,948
Cash in hand 26,869 7,133
253,556 343,018
CREDITORS
Amounts falling due within one year 7 301,329 340,716
NET CURRENT (LIABILITIES)/ASSETS (47,773 ) 2,302
TOTAL ASSETS LESS CURRENT
LIABILITIES

504,875

690,820

CREDITORS
Amounts falling due after more than one
year

8

(16,667

)

(26,667

)

PROVISIONS FOR LIABILITIES (135,356 ) (86,209 )
NET ASSETS 352,852 577,944

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 352,752 577,844
SHAREHOLDERS' FUNDS 352,852 577,944

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

RAVENSTALL LTD (REGISTERED NUMBER: 06558998)

BALANCE SHEET - continued
30 September 2023


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 26 September 2024 and were signed by:





S A Smith - Director


RAVENSTALL LTD (REGISTERED NUMBER: 06558998)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 September 2023

1. STATUTORY INFORMATION

Ravenstall Ltd 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

The financial statements are presented in sterling which is the functional currency of the company and is rounded to the nearest £1.

The principal accounting policies adopted in the preparation of the financial statements have not changed from the prior year and are set out below.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover comprises the value of sales (net of value added tax) of goods and services provided in the normal course of business.

Goodwill
Goodwill, arising from the acquisition of businesses, is being amortised evenly over its estimated useful life of three years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to properties - over the lease term
Furniture & equipment - 25% on cost and not provided

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


RAVENSTALL LTD (REGISTERED NUMBER: 06558998)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2023

2. ACCOUNTING POLICIES - continued
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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 34 (2022 - 75 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2022
and 30 September 2023 151,602
AMORTISATION
At 1 October 2022
and 30 September 2023 151,602
NET BOOK VALUE
At 30 September 2023 -
At 30 September 2022 -

RAVENSTALL LTD (REGISTERED NUMBER: 06558998)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2023

5. TANGIBLE FIXED ASSETS
Improvements
to Furniture
properties & equipment Totals
£    £    £   
COST
At 1 October 2022 827,533 607,170 1,434,703
Additions - 1,000 1,000
At 30 September 2023 827,533 608,170 1,435,703
DEPRECIATION
At 1 October 2022 404,377 341,808 746,185
Charge for year 102,527 34,343 136,870
At 30 September 2023 506,904 376,151 883,055
NET BOOK VALUE
At 30 September 2023 320,629 232,019 552,648
At 30 September 2022 423,156 265,362 688,518

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 981 10,078
Amounts owed by group undertakings - 9,039
Other debtors 218,180 295,831
219,161 314,948

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank overdraft 18,473 16,715
Trade creditors 104,914 116,350
Taxation and social security 15,404 19,247
Other creditors 162,538 188,404
301,329 340,716

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 16,667 26,667

RAVENSTALL LTD (REGISTERED NUMBER: 06558998)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2023

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 139,000 139,000
Between one and five years 345,000 345,000
484,000 484,000

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 26,667 36,667

There are fixed and floating charges over the undertaking and all property and assets present and future, including goodwill, book debts, uncalled capital, buildings, fixtures, fixed plant & machinery.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

12. PENSION COMMITMENTS

The company operates a defined contribution pension scheme in respect of certain employees. The scheme and its assets are held by independent managers. The pension charge represents contributions due from the company and amounted to £3,402 (2022 - £4,6921). At the balance sheet date the company had outstanding contributions of £1,001 (2022 - £807).

13. CONTROLLING INTERESTS

The directors are considered to be the ultimate controlling parties by virtue of their ability to act in concert in respect of the financial and operating policies of the company.