1 June 2023 false No description of principal activity Taxfiler 2024.5 true 13412689business:PrivateLimitedCompanyLtd2023-06-012023-12-31 134126892023-05-31 134126892023-06-012023-12-31 13412689business:AuditExemptWithAccountantsReport2023-06-012023-12-31 13412689business:FilletedAccounts2023-06-012023-12-31 134126892023-12-31 13412689business:Director62023-06-012023-12-31 13412689business:Director72023-06-012023-12-31 13412689business:RegisteredOffice2023-06-012023-12-31 134126892023-05-31 13412689core:WithinOneYear2023-12-31 13412689core:WithinOneYear2023-05-31 13412689core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 13412689core:ShareCapitalcore:PreviouslyStatedAmount2023-05-31 13412689core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 13412689core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-05-31 13412689core:PreviouslyStatedAmount2023-12-31 13412689core:PreviouslyStatedAmount2023-05-31 13412689business:SmallEntities2023-06-012023-12-31 13412689countries:EnglandWales2023-06-012023-12-31 13412689core:PlantMachinery2023-06-012023-12-31 13412689core:IntangibleAssetsOtherThanGoodwill2023-05-31 13412689core:IntangibleAssetsOtherThanGoodwill2023-12-31 13412689core:IntangibleAssetsOtherThanGoodwill2023-06-012023-12-31 13412689core:PlantMachinery2023-05-31 13412689core:PlantMachinery2023-12-31 134126892022-06-012023-05-31 iso4217:GBP xbrli:pure
Company Registration No. 13412689 (England and Wales)
RAVENSWOOD EXPERIENCES LIMITED Unaudited accounts for the period from 1 June 2023 to 31 December 2023
RAVENSWOOD EXPERIENCES LIMITED Unaudited accounts Contents
Page
- 2 -
RAVENSWOOD EXPERIENCES LIMITED Company Information for the period from 1 June 2023 to 31 December 2023
Directors
Alan Skott Ravenswood Experiences Group, LLC
Company Number
13412689 (England and Wales)
Registered Office
4th Floor The Wingate 93-107 Shaftesbury Avenue London W1D 5DY England
Accountants
Multiply Accountancy Limited 71-75 Shelton Street London WC2H 9JQ
- 3 -
RAVENSWOOD EXPERIENCES LIMITED Statement of financial position as at 31 December 2023
31/12/2023 
31/05/2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
83,640 
104,069 
Tangible assets
1,474,070 
1,749,959 
1,557,710 
1,854,028 
Current assets
Debtors
2,481,930 
3,122,185 
Cash at bank and in hand
3,089 
155,940 
2,485,019 
3,278,125 
Creditors: amounts falling due within one year
(7,978,119)
(8,189,509)
Net current liabilities
(5,493,100)
(4,911,384)
Net liabilities
(3,935,390)
(3,057,356)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(3,935,490)
(3,057,456)
Shareholders' funds
(3,935,390)
(3,057,356)
For the period ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2024 and were signed on its behalf by
Alan Skott Director Company Registration No. 13412689
- 4 -
RAVENSWOOD EXPERIENCES LIMITED Notes to the Accounts for the period from 1 June 2023 to 31 December 2023
1
Statutory information
RAVENSWOOD EXPERIENCES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 13412689. The registered office is 4th Floor, The Wingate, 93-107 Shaftesbury Avenue, London, W1D 5DY, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% straight line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Going concern
At the balance sheet date the company had net liabilities of £3,935,390. The directors consider that the going concern basis is appropriate, as the largest creditor is the ultimate parent company, who has confirmed their continued support.
- 5 -
RAVENSWOOD EXPERIENCES LIMITED Notes to the Accounts for the period from 1 June 2023 to 31 December 2023
4
Intangible fixed assets
Other 
£ 
Cost
At 1 June 2023
355,520 
At 31 December 2023
355,520 
Amortisation
At 1 June 2023
251,451 
Charge for the period
20,429 
At 31 December 2023
271,880 
Net book value
At 31 December 2023
83,640 
At 31 May 2023
104,069 
5
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 June 2023
2,549,271 
Additions
24,369 
At 31 December 2023
2,573,640 
Depreciation
At 1 June 2023
799,312 
Charge for the period
300,258 
At 31 December 2023
1,099,570 
Net book value
At 31 December 2023
1,474,070 
At 31 May 2023
1,749,959 
6
Debtors
31/12/2023 
31/05/2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
31,967 
Amounts due from group undertakings etc.
2,431,494 
3,090,118 
Accrued income and prepayments
3,975 
- 
Other debtors
46,461 
100 
2,481,930 
3,122,185 
- 6 -
RAVENSWOOD EXPERIENCES LIMITED Notes to the Accounts for the period from 1 June 2023 to 31 December 2023
7
Creditors: amounts falling due within one year
31/12/2023 
31/05/2023 
£ 
£ 
VAT
- 
27,289 
Trade creditors
599,895 
697,787 
Amounts owed to group undertakings and other participating interests
7,366,408 
6,460,971 
Taxes and social security
1,000 
1,167 
Other creditors
- 
969,060 
Accruals
10,816 
33,235 
7,978,119 
8,189,509 
8
Controlling party
Ravenswood Experiences Limited is a wholly owned subsidiary of Ravenswood Experiences Group, LLC, a US company whose registered office is 8 The Green Suite A, Dover, Delaware 19901 USA. The ultimate parent company is Fever Labs Inc. a company registered in Delaware, USA.
9
Average number of employees
During the period the average number of employees was 2 (31/05/2023: 2).
- 7 -