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REGISTERED NUMBER: SC365559 (Scotland)















RAVENSPOINT TRADING LTD

Financial Statements for the Year Ended 31 December 2024






RAVENSPOINT TRADING LTD (REGISTERED NUMBER: SC365559)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


RAVENSPOINT TRADING LTD

Company Information
for the Year Ended 31 December 2024







DIRECTORS: D Skene
I M Nicolson





REGISTERED OFFICE: Ravenspoint Visitor Centre
Kershader
Lochs
Isle of Lewis
HS2 9QA





REGISTERED NUMBER: SC365559 (Scotland)





ACCOUNTANTS: Mann Judd Gordon Ltd
Chartered Accountants
26 Lewis Street
Stornoway
Isle of Lewis
HS1 2JF

RAVENSPOINT TRADING LTD (REGISTERED NUMBER: SC365559)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £   
CURRENT ASSETS
Stocks 5 30,257 19,500
Debtors 6 2,950 767
Cash at bank 35,297 40,770
68,504 61,037
CREDITORS
Amounts falling due within one year 7 69,862 68,438
NET CURRENT LIABILITIES (1,358 ) (7,401 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,358

)

(7,401

)

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (1,359 ) (7,402 )
SHAREHOLDERS' FUNDS (1,358 ) (7,401 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

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 14 August 2025 and were signed on its behalf by:





D Skene - Director


RAVENSPOINT TRADING LTD (REGISTERED NUMBER: SC365559)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Ravenspoint Trading Ltd is a private company, limited by shares , registered in Scotland. 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.

The accounts have been prepared on a going concern basis. The company continues to trade with the support of its parent company, Co-Chomunn na Pairc.

Turnover
Turnover represents sales of goods in the shop and cafe, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 4 ) .

RAVENSPOINT TRADING LTD (REGISTERED NUMBER: SC365559)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 January 2024
and 31 December 2024 6,150
DEPRECIATION
At 1 January 2024
and 31 December 2024 6,150
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 -

5. STOCKS
31.12.24 31.12.23
£    £   
Stocks 30,257 19,500

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 1,329 516
VAT 1,621 251
2,950 767

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 7,117 25,876
Amounts owed to group undertakings 38,939 38,355
Tax 29 -
Social security and other taxes - (89 )
Wages arrestment 45 149
Pensions creditor 153 36
Accruals and deferred income 18,900 -
Accrued expenses 4,679 4,111
69,862 68,438

8. RELATED PARTY DISCLOSURES

Creditors due within one year include £38,939 (2023 - £38,354) due to Co-Chomunn na Pairc from Ravenspoint Trading Ltd, the wholly-owned subsidiary company. There are no repayment terms in place and no interest is charged on the balance due.

During the year Ravenspoint Trading Ltd received funding of £36,723 (2023: £9,717) from Co-Chomunn na Pairc (£7,500 of this was deferred to 2025, being funding received for a capital project). These grants were considered to fall within the stated objectives of the charity that the trading subsidiary was set up to fulfill.

RAVENSPOINT TRADING LTD (REGISTERED NUMBER: SC365559)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

9. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Co-Chomunn na Pairc, a charitable company, limited by guarantee, registered company number SC216006.