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Company Registration No. 11799824 (England and Wales)
Ravens Wing Property Ltd Unaudited accounts for the year ended 31 December 2024
Ravens Wing Property Ltd Unaudited accounts Contents
Page
Company information
3
Accountants' report
4
Statement of financial position
5
Notes to the accounts
6
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Ravens Wing Property Ltd Company Information for the year ended 31 December 2024
Director
Anthony David Carberry
Company Number
11799824 (England and Wales)
Registered Office
130 Rye Bank Road Firswood Manchester M16 OHB England
Accountants
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT
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Ravens Wing Property Ltd Accountants' report
Accountants' report to the director of Ravens Wing Property Ltd on the preparation of the unaudited statutory accounts for the year ended 31 December 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Ravens Wing Property Ltd for the year ended 31 December 2024 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Ravens Wing Property Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Ravens Wing Property Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ravens Wing Property Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Ravens Wing Property Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Ravens Wing Property Ltd. You consider that Ravens Wing Property Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Ravens Wing Property Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT 9 July 2025
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Ravens Wing Property Ltd Statement of financial position as at 31 December 2024
2024
2023
Notes
£
£
Fixed assets
Tangible assets
4
1,594
2,657
Investment property
5
398,000
390,000
399,594
392,657
Current assets
Cash at bank and in hand
30,661
19,907
Creditors: amounts falling due within one year
6
(120,559)
(119,695)
Net current liabilities
(89,898)
(99,788)
Total assets less current liabilities
309,696
292,869
Creditors: amounts falling due after more than one year
7
(243,274)
(243,274)
Provisions for liabilities
Deferred tax
8
(11,455)
(9,455)
Net assets
54,967
40,140
Capital and reserves
Called up share capital
1
1
Revaluation reserve
34,364
28,364
Profit and loss account
20,602
11,775
Shareholders' funds
54,967
40,140
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 15 July 2025 and were signed on its behalf by
Anthony David Carberry Director Company Registration No. 11799824
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Ravens Wing Property Ltd Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Ravens Wing Property Ltd is a private company, limited by shares, registered in England and Wales, registration number 11799824. The registered office is 130 Rye Bank Road, Firswood, Manchester, M16 OHB, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33% on cost
Deferred taxation
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 accounts. 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 current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Ravens Wing Property Ltd Notes to the Accounts for the year ended 31 December 2024
4
Tangible fixed assets
Computer equipment
£
Cost or valuation
At cost
At 1 January 2024
3,189
At 31 December 2024
3,189
Depreciation
At 1 January 2024
532
Charge for the year
1,063
At 31 December 2024
1,595
Net book value
At 31 December 2024
1,594
At 31 December 2023
2,657
5
Investment property
2024
£
Fair value at 1 January 2024
390,000
Net gain from fair value adjustments
8,000
At 31 December 2024
398,000
The investment properties were valued by the Director at the year end.
6
Creditors: amounts falling due within one year
2024
2023
£
£
Taxes and social security
2,320
1,316
Other creditors
115,709
116,209
Loans from directors
1,850
1,490
Accruals
680
680
120,559
119,695
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans
243,274
243,274
Included in long term creditors are bank loans secured on investment properties. Personal guarantees have been provided.
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Ravens Wing Property Ltd Notes to the Accounts for the year ended 31 December 2024
8
Deferred taxation
2024
2023
£
£
Revaluation of investment property
11,455
9,455
2024
2023
£
£
Provision at start of year
9,455
-
Charged to the profit and loss account
2,000
9,455
Provision at end of year
11,455
9,455
Comparatives have been restated for deferred tax on revaluation of investment properties.
9
Transactions with related parties
Included in creditors is a related company loan of £115,709 (2023 - £116,209). The loan is interest-free and repayable on demand.
10
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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