Company No: 01829882 (England and Wales)

Contents

• Company Information
• Statement of Financial Position
• Notes to the Financial Statements

DIRECTORS	I C Story
	O T I Story

REGISTERED OFFICE	Cobbs Nook Buildings
	Stamford
	PE9 4JJ
	United Kingdom

COMPANY NUMBER

01829882 (England and Wales)

ACCOUNTANT	Duncan & Toplis Limited
	14 All Saints Street
	Stamford
	Lincolnshire
	PE9 2PA

	Note	2025		2024
		£		£
Fixed assets
Intangible assets	3	19,418		30,317
Tangible assets	4	181,611		118,979
		201,029		149,296
Current assets
Stocks		703,011		547,916
Debtors	5	170,461		314,533
Cash at bank and in hand		213,766		192,411
		1,087,238		1,054,860
Creditors: amounts falling due within one year	6	( 126,710)		( 119,222)
Net current assets		960,528		935,638
Total assets less current liabilities		1,161,557		1,084,934
Creditors: amounts falling due after more than one year	7	( 85,591)		0
Provision for liabilities		( 10,183)		( 22,347)
Net assets		1,065,783		1,062,587
Capital and reserves
Called-up share capital	8	55		55
Capital redemption reserve		50		50
Profit and loss account		1,065,678		1,062,482
Total shareholders' funds		1,065,783		1,062,587

For the financial year ending 31 January 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Income Statement has not been delivered.

The financial statements of Ravencourt Limited (registered number: 01829882) were approved and authorised for issue by the Board of Directors on 30 July 2025. They were signed on its behalf by:

I C Story Director

O T I Story Director

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

Ravencourt 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 Cobbs Nook Buildings, Stamford, PE9 4JJ, 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 £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Statement of Financial Position date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Income Statement in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

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 Statement of Financial Position 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 current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets

5 years straight line

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

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 or reducing balance basis over its expected useful life, as follows:

Land and buildings	10 - 28 years straight line
Plant and machinery etc.	15 - 25 % reducing balance
	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.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Income Statement as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

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.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	8		9

3. Intangible assets

	Other intangible assets		Total
	£		£
Cost
At 01 February 2024	54,499		54,499
At 31 January 2025	54,499		54,499
Accumulated amortisation
At 01 February 2024	24,182		24,182
Charge for the financial year	10,899		10,899
At 31 January 2025	35,081		35,081
Net book value
At 31 January 2025	19,418		19,418
At 31 January 2024	30,317		30,317

4. Tangible assets

	Land and buildings		Plant and machinery etc.		Total
	£		£		£
Cost
At 01 February 2024	61,758		176,863		238,621
Additions	0		139,276		139,276
Disposals	0		( 54,986)		( 54,986)
At 31 January 2025	61,758		261,155		322,913
Accumulated depreciation
At 01 February 2024	32,164		87,478		119,642
Charge for the financial year	5,741		38,335		44,076
Disposals	0		( 22,418)		( 22,418)
At 31 January 2025	37,905		103,397		141,302
Net book value
At 31 January 2025	23,853		157,758		181,611
At 31 January 2024	29,594		89,385		118,979

5. Debtors

	2025		2024
	£		£
Trade debtors	169,309		300,073
Other debtors	1,152		14,460
	170,461		314,533

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank overdrafts	0		5,459
Trade creditors	25,106		34,913
Taxation and social security	42,649		9,138
Obligations under finance leases and hire purchase contracts	12,397		42,090
Other creditors	46,558		27,622
	126,710		119,222

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

	2025		2024
	£		£
Obligations under finance leases and hire purchase contracts (secured)	85,591		0

The hire purchase liability is secured on the asset to which it relates.

8. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
55 Ordinary shares of £ 1.00 each	55		55

9. Financial commitments

Commitments

Total financial commitments which are not included in the statement of financial position amount to £38,793 (2024: £Nil).

Pensions

The Company operates a defined contribution pension scheme for the directors and employees. Contributions payable to the company's pension scheme are charged to the profit and loss account in the period to which they relate to.