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REGISTERED NUMBER: 10426339 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST OCTOBER 2024

FOR

RAVENSBOURNE ARMS LIMITED

RAVENSBOURNE ARMS LIMITED (REGISTERED NUMBER: 10426339)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


RAVENSBOURNE ARMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST OCTOBER 2024







DIRECTOR: Vijen B. Shah





REGISTERED OFFICE: 1 Doughty Street
London
WC1N 2PH





REGISTERED NUMBER: 10426339 (England and Wales)






RAVENSBOURNE ARMS LIMITED (REGISTERED NUMBER: 10426339)

BALANCE SHEET
31ST OCTOBER 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Stocks 4 2,536,262 2,522,945
Debtors 5 6,751 8,471
Cash at bank 8,574 3,596
2,551,587 2,535,012
CREDITORS
Amounts falling due within one year 6 1,327,929 1,309,777
NET CURRENT ASSETS 1,223,658 1,225,235
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,223,658

1,225,235

CREDITORS
Amounts falling due after more than one year 7 1,220,492 1,226,334
NET ASSETS/(LIABILITIES) 3,166 (1,099 )

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 3,066 (1,199 )
SHAREHOLDERS' FUNDS 3,166 (1,099 )

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

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

The director acknowledges his 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.

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 director and authorised for issue on 12th February 2025 and were signed by:





Vijen B. Shah - Director


RAVENSBOURNE ARMS LIMITED (REGISTERED NUMBER: 10426339)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2024


1. STATUTORY INFORMATION

Ravensbourne Arms 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Stocks
Closing stocks represent development properties and these are recorded at lower of cost, which include capitalised interest expenses, and net realisable value.

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.

Interest expenses
Interest expenses directly attributable to the acquisition, construction or development of properties are added to the costs of those properties, until such time as the properties are substantially ready for their intended use or sale.

All other interest expenses are recognised in profit or loss in the period in which they are incurred.

3. EMPLOYEES AND DIRECTORS

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

4. STOCKS
2024 2023
£    £   
Stocks 2,536,262 2,522,945

The cumulative amount of interest capitalised in closing stocks (property development projects) as at the balance sheet date was £362,540.

RAVENSBOURNE ARMS LIMITED (REGISTERED NUMBER: 10426339)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 6,751 8,471

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 8) 6,400 6,400
Trade creditors 464,600 464,600
Taxation 16,542 16,542
Other creditors 401,687 400,254
Directors' current accounts 436,000 416,000
Accrued expenses 2,700 5,981
1,327,929 1,309,777

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans (see note 8) 1,220,492 1,226,334

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 1,214,092 1,213,534

8. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans - due within
1 year 6,400 6,400
6,400 6,400

Amounts falling due between one and two years:
Bank loans - 1-2 years 6,400 6,400

Amounts falling due between two and five years:
Bank loans - 2-5 years - 6,400

Amounts falling due in more than five years:
Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 1,214,092 1,213,534

RAVENSBOURNE ARMS LIMITED (REGISTERED NUMBER: 10426339)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2024


9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 1,226,892 1,232,734

The bank loan is secured by a fixed charge on the development property (stock) and by a floating charge on all other assets of the Company.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 1 100 100

11. ULTIMATE CONTROLLING PARTY

The company is controlled by Mr Vijen Shah.