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REGISTERED NUMBER: 11879490 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Ravenswood Venue Limited

Ravenswood Venue Limited (Registered number: 11879490)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ravenswood Venue Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: S Guy
S A Gilchrist





SECRETARY: S Guy





REGISTERED OFFICE: Fairway House
Portland Road
East Grinstead
West Sussex
RH19 4ET





REGISTERED NUMBER: 11879490 (England and Wales)





ACCOUNTANTS: Bentleys Accounting Limited
Suite 6, 141/143 South Road
Haywards Heath
West Sussex
RH16 4LY

Ravenswood Venue Limited (Registered number: 11879490)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 359,270 237,077

CURRENT ASSETS
Stocks 15,624 -
Debtors 5 2,226,045 1,518,695
Cash at bank 301,362 109,069
2,543,031 1,627,764
CREDITORS
Amounts falling due within one year 6 641,626 475,399
NET CURRENT ASSETS 1,901,405 1,152,365
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,260,675

1,389,442

CREDITORS
Amounts falling due after more than one
year

7

-

180,000
NET ASSETS 2,260,675 1,209,442

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,260,575 1,209,342
SHAREHOLDERS' FUNDS 2,260,675 1,209,442

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Ravenswood Venue Limited (Registered number: 11879490)

Balance Sheet - continued
31 March 2024


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 Board of Directors and authorised for issue on 1 August 2024 and were signed on its behalf by:





S A Gilchrist - Director


Ravenswood Venue Limited (Registered number: 11879490)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Ravenswood Venue 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 25% on 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.

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.

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 48 (2023 - 38 ) .

Ravenswood Venue Limited (Registered number: 11879490)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 April 2023 238,213 97,973 336,186
Additions 140,917 - 140,917
At 31 March 2024 379,130 97,973 477,103
DEPRECIATION
At 1 April 2023 46,052 53,057 99,109
Charge for year 8,697 10,027 18,724
At 31 March 2024 54,749 63,084 117,833
NET BOOK VALUE
At 31 March 2024 324,381 34,889 359,270
At 31 March 2023 192,161 44,916 237,077

5. DEBTORS
31.3.24 31.3.23
£    £   
Amounts falling due within one year:
Trade debtors 190 -
Other debtors - 50,000
190 50,000

Amounts falling due after more than one year:
Amounts owed by participating interests 2,225,855 1,468,695

Aggregate amounts 2,226,045 1,518,695

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 126,506 45,000
Trade creditors 128,694 90,735
Tax - 15,859
Social security and other taxes 21,768 53,628
VAT 351,516 266,580
Accrued expenses 13,142 3,597
641,626 475,399

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans - 1-2 years - 180,000

Ravenswood Venue Limited (Registered number: 11879490)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. FINANCIAL INSTRUMENTS

Barclays Bank Plc has a Floating charge over the company

9. RELATED PARTY DISCLOSURES

LOANS TO ASSOCIATED COMPANIES

During the year the company made various loans to and from various associated companies, These are shown within the Financial Statements as 'Amounts owed to and from participating interests'

During the year management charges are charged from associated companies on a commercial basis.

10. ULTIMATE CONTROLLING PARTY

The Ultimate Controlling Party is 'Gilchrist Holdings Ltd' company number 14268557.