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REGISTERED NUMBER: 10691993 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Ravenswood Venue Properties Ltd

Ravenswood Venue Properties Ltd (Registered number: 10691993)






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 Properties Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: S Guy
S A Gilchrist





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





REGISTERED NUMBER: 10691993 (England and Wales)





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

Ravenswood Venue Properties Ltd (Registered number: 10691993)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,750,000 4,761,302

CURRENT ASSETS
Debtors 5 500,531 478,986
Cash at bank 736 109
501,267 479,095
CREDITORS
Amounts falling due within one year 6 2,416 20,469
NET CURRENT ASSETS 498,851 458,626
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,248,851

5,219,928

CREDITORS
Amounts falling due after more than one
year

7

4,585,133

3,023,005
NET ASSETS 5,663,718 2,196,923

CAPITAL AND RESERVES
Called up share capital 100 100
Share premium 879,975 879,975
Revaluation reserve 9 4,676,233 1,275,500
Retained earnings 107,410 41,348
5,663,718 2,196,923

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 Properties Ltd (Registered number: 10691993)

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 Properties Ltd (Registered number: 10691993)

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

1. STATUTORY INFORMATION

Ravenswood Venue Properties 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 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 as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Ravenswood Venue Properties Ltd (Registered number: 10691993)

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

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to
property property Totals
£    £    £   
COST OR VALUATION
At 1 April 2023 4,100,000 718,145 4,818,145
Additions 1,587,965 - 1,587,965
Revaluations 3,400,733 - 3,400,733
At 31 March 2024 9,088,698 718,145 9,806,843
DEPRECIATION
At 1 April 2023
and 31 March 2024 - 56,843 56,843
NET BOOK VALUE
At 31 March 2024 9,088,698 661,302 9,750,000
At 31 March 2023 4,100,000 661,302 4,761,302

Included in cost or valuation of land and buildings is freehold land of £ 4,100,000 (2023 - £ 4,100,000 ) which is not depreciated.

Cost or valuation at 31 March 2024 is represented by:

Improvements
Freehold to
property property Totals
£    £    £   
Valuation in 2023 4,676,233 - 4,676,233
Cost 4,412,465 718,145 5,130,610
9,088,698 718,145 9,806,843

If Freehold Property had not been revalued it would have been included at the following historical cost:

31.3.24 31.3.23
£    £   
Cost 4,412,465 2,824,500

Value of land in freehold land and buildings 9,750,000 4,100,000

Freehold Property was valued on an open market basis on 16 June 2023 by Savills .

5. DEBTORS
31.3.24 31.3.23
£    £   
Amounts falling due within one year:
Other debtors 650 650
VAT 366 -
1,016 650

Ravenswood Venue Properties Ltd (Registered number: 10691993)

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

5. DEBTORS - continued
31.3.24 31.3.23
£    £   
Amounts falling due after more than one year:
Amounts owed by participating interests 499,515 478,336

Aggregate amounts 500,531 478,986

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Tax 66 18,119
Accrued expenses 2,350 2,350
2,416 20,469

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans more 5 yr by instal 4,171,984 2,470,000
Amounts owed to participating interests 413,149 553,005
4,585,133 3,023,005

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 4,171,984 2,470,000

8. SECURED DEBTS

Barclays has a fixed and floating charge registered

9. RESERVES
Revaluation
reserve
£   
At 1 April 2023 1,275,500
Re-valuation 3,400,733

At 31 March 2024 4,676,233

10. 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'

The related party transactions were processed on a commercial basis.

Ravenswood Venue Properties Ltd (Registered number: 10691993)

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

11. ULTIMATE CONTROLLING PARTY

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