0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 14,500 14,500 14,500 xbrli:pure xbrli:shares iso4217:GBP 13357613 2023-04-01 2024-03-31 13357613 2024-03-31 13357613 2023-03-31 13357613 2022-04-01 2023-03-31 13357613 2023-03-31 13357613 2022-03-31 13357613 bus:Director1 2023-04-01 2024-03-31 13357613 core:WithinOneYear 2024-03-31 13357613 core:WithinOneYear 2023-03-31 13357613 core:ShareCapital 2024-03-31 13357613 core:ShareCapital 2023-03-31 13357613 core:RetainedEarningsAccumulatedLosses 2024-03-31 13357613 core:RetainedEarningsAccumulatedLosses 2023-03-31 13357613 core:CostValuation core:Non-currentFinancialInstruments 2024-03-31 13357613 core:Non-currentFinancialInstruments 2024-03-31 13357613 core:Non-currentFinancialInstruments 2023-03-31 13357613 bus:SmallEntities 2023-04-01 2024-03-31 13357613 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 13357613 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 13357613 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13357613 bus:FullAccounts 2023-04-01 2024-03-31
COMPANY REGISTRATION NUMBER: 13357613
RAVENLANE LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 March 2024
RAVENLANE LIMITED
STATEMENT OF FINANCIAL POSITION
31 March 2024
2024
2023
Note
£
£
£
Fixed assets
Investments
4
14,500
14,500
Current assets
Debtors
5
91,787
Cash at bank and in hand
100
100
---------
----
91,887
100
Creditors: amounts falling due within one year
6
105,320
14,921
----------
---------
Net current liabilities
13,433
14,821
---------
---------
Total assets less current liabilities
1,067
( 321)
-------
----
Net assets/(liabilities)
1,067
( 321)
-------
----
Capital and reserves
Called up share capital
100
99
Profit and loss account
967
( 420)
-------
----
Shareholder funds/(deficit)
1,067
( 321)
-------
----
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
RAVENLANE LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
31 March 2024
These financial statements were approved by the board of directors and authorised for issue on 19 November 2024 , and are signed on behalf of the board by:
Mr D J Phillips
Director
Company registration number: 13357613
RAVENLANE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 168 Church Road, Hove, East Sussex, BN3 2DL.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
No material uncertainties that may cast significant doubt about the ability of the company to continue as a going concern have been identified by the director.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4. Investments
Shares in group undertakings
£
Cost
At 1 April 2023 and 31 March 2024
14,500
---------
Impairment
At 1 April 2023 and 31 March 2024
---------
Carrying amount
At 31 March 2024
14,500
---------
At 31 March 2023
14,500
---------
5. Debtors
2024
2023
£
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest
91,787
---------
----
6. Creditors: amounts falling due within one year
2024
2023
£
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest
9,600
Other creditors
105,320
5,321
----------
---------
105,320
14,921
----------
---------