IRIS Accounts Production v25.2.0.378 01661676 Board of Directors 1.4.24 31.3.25 31.3.25 false true false false true false Fair value model Ordinary Shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh016616762024-03-31016616762025-03-31016616762024-04-012025-03-31016616762023-03-31016616762023-04-012024-03-31016616762024-03-3101661676ns15:EnglandWales2024-04-012025-03-3101661676ns14:PoundSterling2024-04-012025-03-3101661676ns10:Director12024-04-012025-03-3101661676ns10:PrivateLimitedCompanyLtd2024-04-012025-03-3101661676ns10:SmallEntities2024-04-012025-03-3101661676ns10:AuditExempt-NoAccountantsReport2024-04-012025-03-3101661676ns10:SmallCompaniesRegimeForDirectorsReport2024-04-012025-03-3101661676ns10:SmallCompaniesRegimeForAccounts2024-04-012025-03-3101661676ns10:FullAccounts2024-04-012025-03-3101661676ns10:OrdinaryShareClass12024-04-012025-03-3101661676ns10:Director32024-04-012025-03-3101661676ns10:RegisteredOffice2024-04-012025-03-3101661676ns5:CurrentFinancialInstruments2025-03-3101661676ns5:CurrentFinancialInstruments2024-03-3101661676ns5:ShareCapital2025-03-3101661676ns5:ShareCapital2024-03-3101661676ns5:RetainedEarningsAccumulatedLosses2025-03-3101661676ns5:RetainedEarningsAccumulatedLosses2024-03-3101661676ns5:WithinOneYearns5:CurrentFinancialInstruments2025-03-3101661676ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3101661676ns5:DeferredTaxation2024-03-3101661676ns5:DeferredTaxation2025-03-3101661676ns10:OrdinaryShareClass12025-03-31
REGISTERED NUMBER: 01661676 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

RAVETRACE LIMITED

RAVETRACE LIMITED (REGISTERED NUMBER: 01661676)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RAVETRACE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTORS: Mr R G Kilikita
Mr K K Kilikita





REGISTERED OFFICE: Solar House
282 Chase Road
London
N14 6NZ





REGISTERED NUMBER: 01661676 (England and Wales)





ACCOUNTANTS: Freemans Partnership LLP
Chartered Certified Accountants
Solar House
282 Chase Road
London
N14 6NZ

RAVETRACE LIMITED (REGISTERED NUMBER: 01661676)

BALANCE SHEET
31 MARCH 2025

31.3.25 31.3.24
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 3,197,750 3,604,400

CURRENT ASSETS
Debtors 5 60,770 64,594
Cash at bank 1,412,435 821,499
1,473,205 886,093
CREDITORS
Amounts falling due within one year 6 979,305 452,163
NET CURRENT ASSETS 493,900 433,930
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,691,650

4,038,330

PROVISIONS FOR LIABILITIES 7 636,506 561,008
NET ASSETS 3,055,144 3,477,322

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 9 3,055,142 3,477,320
SHAREHOLDERS' FUNDS 3,055,144 3,477,322

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

RAVETRACE LIMITED (REGISTERED NUMBER: 01661676)

BALANCE SHEET - continued
31 MARCH 2025


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 Board of Directors and authorised for issue on 5 August 2025 and were signed on its behalf by:





Mr K K Kilikita - Director


RAVETRACE LIMITED (REGISTERED NUMBER: 01661676)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025


1. STATUTORY INFORMATION

Ravetrace 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents amounts derived from rents charged to tenants during the year, and is recognised at the date the rental period occurred. This is stated after trade discounts and other sales taxes.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

RAVETRACE LIMITED (REGISTERED NUMBER: 01661676)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2024 3,604,400
Revaluations (406,650 )
At 31 March 2025 3,197,750
NET BOOK VALUE
At 31 March 2025 3,197,750
At 31 March 2024 3,604,400

Fair value at 31 March 2025 is represented by:
£   
Valuation in 2019 2,952,671
Valuation in 2025 (406,650 )
Cost 651,729
3,197,750

If the investment properties had not been revalued they would have been included at the following historical cost:

31.3.25 31.3.24
£    £   
Cost 627,329 627,329

Investment properties were valued on an open market basis on 31 March 2025 by M A Everett Consulting .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 18,144 20,430
Tax 28,520 28,520
Prepayments and accrued income 14,106 15,644
60,770 64,594

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade creditors 2,640 2,640
Tax 24,899 40,593
Other creditors 20,310 -
Amount owed to related party 913,541 324,262
Directors' current accounts 644 71,127
Accruals and deferred income 17,271 13,541
979,305 452,163

RAVETRACE LIMITED (REGISTERED NUMBER: 01661676)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


7. PROVISIONS FOR LIABILITIES
31.3.25 31.3.24
£    £   
Deferred tax 636,506 561,008

Deferred
tax
£   
Balance at 1 April 2024 561,008
Property revaluation 75,498
Balance at 31 March 2025 636,506

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.25 31.3.24
value: £    £   
2 Ordinary Shares 1 2 2

9. RESERVES

£

Distributable reserves 1,145,627
Non-distributable reserves1,909,515
At 31st March 20253,055,142

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £23,000 were paid to the directors .

During the year, a loan totalling £589,279 (2024: £52,750) was recieved from Bardrenton Limited, At the balance sheet date £913,541 (2024: £324,262) was owed to Bardrenton Limited, a company in which director R A Kilikita is a director.