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
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
RAVENSWOOD EXPERIENCES LIMITED
Statement of financial position
as at 31 December 2023
Intangible assets
83,640
104,069
Tangible assets
1,474,070
1,749,959
Debtors
2,481,930
3,122,185
Cash at bank and in hand
3,089
155,940
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)
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
RAVENSWOOD EXPERIENCES LIMITED
Notes to the Accounts
for the period from 1 June 2023 to 31 December 2023
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.
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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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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.
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.
RAVENSWOOD EXPERIENCES LIMITED
Notes to the Accounts
for the period from 1 June 2023 to 31 December 2023
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Intangible fixed assets
Other
At 31 December 2023
355,520
Charge for the period
20,429
At 31 December 2023
271,880
At 31 December 2023
83,640
5
Tangible fixed assets
Plant & machinery
At 31 December 2023
2,573,640
Charge for the period
300,258
At 31 December 2023
1,099,570
At 31 December 2023
1,474,070
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Debtors
31/12/2023
31/05/2023
Amounts falling due within one year
Amounts due from group undertakings etc.
2,431,494
3,090,118
Accrued income and prepayments
3,975
-
RAVENSWOOD EXPERIENCES LIMITED
Notes to the Accounts
for the period from 1 June 2023 to 31 December 2023
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Creditors: amounts falling due within one year
31/12/2023
31/05/2023
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
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.
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Average number of employees
During the period the average number of employees was 2 (31/05/2023: 2).