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REGISTERED NUMBER: 05013558 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 October 2024

for

Ravelle Properties Limited

Ravelle Properties Limited (Registered number: 05013558)






Contents of the Financial Statements
for the year ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Ravelle Properties Limited

Company Information
for the year ended 31 October 2024







DIRECTOR: J M Broderick





SECRETARY: Mrs M A Broderick





REGISTERED OFFICE: 13a Duke Street
Southport
Merseyside
PR8 1LS





REGISTERED NUMBER: 05013558 (England and Wales)





ACCOUNTANTS: Bennett Brooks & Co Ltd
13a Duke Street
Southport
Merseyside
PR8 1LS

Ravelle Properties Limited (Registered number: 05013558)

Balance Sheet
31 October 2024

2024 2023
Notes £ £
FIXED ASSETS
Tangible assets 4 30,279 38,126
Investment property 5 1,050,000 1,050,000
1,080,279 1,088,126

CURRENT ASSETS
Debtors 6 59,737 51,589
Cash at bank 29,218 19,900
88,955 71,489
CREDITORS
Amounts falling due within one year 7 (50,698 ) (53,357 )
NET CURRENT ASSETS 38,257 18,132
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,118,536

1,106,258

CREDITORS
Amounts falling due after more than one year 8 (430,974 ) (434,881 )

PROVISIONS FOR LIABILITIES 10 (52,899 ) (45,329 )
NET ASSETS 634,663 626,048

CAPITAL AND RESERVES
Called up share capital 11 100 100
Fair value reserve 12 432,791 432,791
Retained earnings 201,772 193,157
SHAREHOLDERS' FUNDS 634,663 626,048

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 24 July 2025 and were signed by:




J M Broderick - Director


Ravelle Properties Limited (Registered number: 05013558)

Notes to the Financial Statements
for the year ended 31 October 2024

1. STATUTORY INFORMATION

Ravelle Properties 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Turnover
Turnover comprises rental income.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£ £ £ £
COST
At 1 November 2023
and 31 October 2024 1,081 58,190 3,888 63,159
DEPRECIATION
At 1 November 2023 889 20,948 3,196 25,033
Charge for year 48 7,449 350 7,847
At 31 October 2024 937 28,397 3,546 32,880
NET BOOK VALUE
At 31 October 2024 144 29,793 342 30,279
At 31 October 2023 192 37,242 692 38,126

Ravelle Properties Limited (Registered number: 05013558)

Notes to the Financial Statements - continued
for the year ended 31 October 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£
COST
At 1 November 2023
and 31 October 2024 58,190
DEPRECIATION
At 1 November 2023 20,948
Charge for year 7,449
At 31 October 2024 28,397
NET BOOK VALUE
At 31 October 2024 29,793
At 31 October 2023 37,242

5. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 November 2023
and 31 October 2024 1,050,000
NET BOOK VALUE
At 31 October 2024 1,050,000
At 31 October 2023 1,050,000

Fair value at 31 October 2024 is represented by:
£
Valuation in 2023 478,120
Cost 571,880
1,050,000

If Investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£ £
Cost 571,880 571,880

Investment property was valued on an open market basis on 31 October 2023 by the director .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Other debtors 59,737 51,589

Ravelle Properties Limited (Registered number: 05013558)

Notes to the Financial Statements - continued
for the year ended 31 October 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Hire purchase contracts 3,907 3,907
Trade creditors 4,600 -
Taxation and social security 5,800 -
Other creditors 36,391 49,450
50,698 53,357

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£ £
Bank loans 399,831 399,831
Hire purchase contracts 31,143 35,050
430,974 434,881

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£ £
Bank loans 399,831 399,831

Borrowings are secured on the properties owned by the company and by a floating charge over its remaining assets.

10. PROVISIONS FOR LIABILITIES
2024 2023
£ £
Deferred tax 52,899 45,329

Deferred tax
£
Balance at 1 November 2023 45,329
Provided during year 7,570
Balance at 31 October 2024 52,899

11. CALLED UP SHARE CAPITAL

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

12. RESERVES
Fair value
reserve
£
At 1 November 2023
and 31 October 2024 432,791