Silverfin false false 30/09/2024 01/10/2023 30/09/2024 James Devane 24/10/2006 Margaret Devane 24/10/2006 25 June 2025 The principal activity of the Company during the financial year was the letting of freehold properties. 05976440 2024-09-30 05976440 bus:Director1 2024-09-30 05976440 bus:Director2 2024-09-30 05976440 2023-09-30 05976440 core:CurrentFinancialInstruments 2024-09-30 05976440 core:CurrentFinancialInstruments 2023-09-30 05976440 core:Non-currentFinancialInstruments 2024-09-30 05976440 core:Non-currentFinancialInstruments 2023-09-30 05976440 core:ShareCapital 2024-09-30 05976440 core:ShareCapital 2023-09-30 05976440 core:FurtherSpecificReserve1ComponentTotalEquity 2024-09-30 05976440 core:FurtherSpecificReserve1ComponentTotalEquity 2023-09-30 05976440 core:RetainedEarningsAccumulatedLosses 2024-09-30 05976440 core:RetainedEarningsAccumulatedLosses 2023-09-30 05976440 core:FurnitureFittings 2023-09-30 05976440 core:OfficeEquipment 2023-09-30 05976440 core:FurnitureFittings 2024-09-30 05976440 core:OfficeEquipment 2024-09-30 05976440 bus:OrdinaryShareClass1 2024-09-30 05976440 2023-10-01 2024-09-30 05976440 bus:FilletedAccounts 2023-10-01 2024-09-30 05976440 bus:SmallEntities 2023-10-01 2024-09-30 05976440 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 05976440 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 05976440 bus:Director1 2023-10-01 2024-09-30 05976440 bus:Director2 2023-10-01 2024-09-30 05976440 core:FurnitureFittings core:TopRangeValue 2023-10-01 2024-09-30 05976440 core:OfficeEquipment core:TopRangeValue 2023-10-01 2024-09-30 05976440 2022-10-01 2023-09-30 05976440 core:FurnitureFittings 2023-10-01 2024-09-30 05976440 core:OfficeEquipment 2023-10-01 2024-09-30 05976440 bus:OrdinaryShareClass1 2023-10-01 2024-09-30 05976440 bus:OrdinaryShareClass1 2022-10-01 2023-09-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 05976440 (England and Wales)

RAVERN LIMITED

Unaudited Financial Statements
For the financial year ended 30 September 2024
Pages for filing with the registrar

RAVERN LIMITED

Unaudited Financial Statements

For the financial year ended 30 September 2024

Contents

RAVERN LIMITED

COMPANY INFORMATION

For the financial year ended 30 September 2024
RAVERN LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 30 September 2024
DIRECTORS James Devane
Margaret Devane
SECRETARY Michael Devane
REGISTERED OFFICE Unit 18 23
Melville Building East Royal William Yard
Plymouth
PL1 3GW
United Kingdom
COMPANY NUMBER 05976440 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Melville Building East
Royal William Yard
Plymouth
Devon PL1 3GW
RAVERN LIMITED

BALANCE SHEET

As at 30 September 2024
RAVERN LIMITED

BALANCE SHEET (continued)

As at 30 September 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 12,408 13,991
Investment property 4 865,000 845,000
877,408 858,991
Current assets
Debtors 5 6,597 0
Cash at bank and in hand 427,840 382,303
434,437 382,303
Creditors: amounts falling due within one year 6 ( 9,400) ( 7,697)
Net current assets 425,037 374,606
Total assets less current liabilities 1,302,445 1,233,597
Creditors: amounts falling due after more than one year 7 ( 723,628) ( 701,595)
Provision for liabilities ( 46,575) ( 41,577)
Net assets 532,242 490,425
Capital and reserves
Called-up share capital 8 100 100
Fair value reserve 218,512 203,512
Profit and loss account 313,630 286,813
Total shareholders' funds 532,242 490,425

For the financial year ending 30 September 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Ravern Limited (registered number: 05976440) were approved and authorised for issue by the Board of Directors on 25 June 2025. They were signed on its behalf by:

James Devane
Director
RAVERN LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
RAVERN LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Ravern Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit 18 23, Melville Building East Royal William Yard, Plymouth, PL1 3GW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Revenue is measured at the fair value of the consideration received or receivable and recognised when rental income is received from letting out a property.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Fixtures and fittings 10 years straight line
Office equipment 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Fair value measurement
The best evidence of fair value is a quoted price for an identical asset in an active market. When quoted prices are unavailable, the price of a recent transaction for an identical asset provides evidence of fair value as long as there has not been a significant change in economic circumstances or a significant lapse of time since the transaction took place. If the market is not active and recent transactions of an identical asset on their own are not a good estimate of fair value, the fair value is estimated by using a valuation technique.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 0 0

3. Tangible assets

Fixtures and fittings Office equipment Total
£ £ £
Cost
At 01 October 2023 17,458 1,653 19,111
Additions 0 467 467
At 30 September 2024 17,458 2,120 19,578
Accumulated depreciation
At 01 October 2023 3,804 1,316 5,120
Charge for the financial year 1,745 305 2,050
At 30 September 2024 5,549 1,621 7,170
Net book value
At 30 September 2024 11,909 499 12,408
At 30 September 2023 13,654 337 13,991

4. Investment property

Investment property
£
Valuation
As at 01 October 2023 845,000
Additions 20,000
As at 30 September 2024 865,000

Valuation

The investment property has been valued by the director.

5. Debtors

2024 2023
£ £
Other debtors 6,597 0

6. Creditors: amounts falling due within one year

2024 2023
£ £
Accruals 2,189 1,900
Corporation tax 7,211 5,797
9,400 7,697

7. Creditors: amounts falling due after more than one year

2024 2023
£ £
Amounts owed to directors 723,628 701,595

8. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100