1 November 2023 false No description of principal activity Taxfiler 2024.6 true 11052602 business:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 11052602 2023-10-31 11052602 2023-11-01 2024-10-31 11052602 business:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 11052602 business:FilletedAccounts 2023-11-01 2024-10-31 11052602 2024-10-31 11052602 business:Director1 2023-11-01 2024-10-31 11052602 business:RegisteredOffice 2023-11-01 2024-10-31 11052602 2023-10-31 11052602 core:WithinOneYear 2024-10-31 11052602 core:WithinOneYear 2023-10-31 11052602 core:AfterOneYear 2024-10-31 11052602 core:AfterOneYear 2023-10-31 11052602 core:ShareCapital core:PreviouslyStatedAmount 2024-10-31 11052602 core:ShareCapital core:PreviouslyStatedAmount 2023-10-31 11052602 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2024-10-31 11052602 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2023-10-31 11052602 core:PreviouslyStatedAmount 2024-10-31 11052602 core:PreviouslyStatedAmount 2023-10-31 11052602 business:SmallEntities 2023-11-01 2024-10-31 11052602 countries:EnglandWales 2023-11-01 2024-10-31 11052602 core:FurnitureFittings 2023-11-01 2024-10-31 11052602 core:ComputerEquipment 2023-11-01 2024-10-31 11052602 core:FurnitureFittings 2023-10-31 11052602 core:ComputerEquipment 2023-10-31 11052602 core:FurnitureFittings 2024-10-31 11052602 core:ComputerEquipment 2024-10-31 11052602 2022-11-01 2023-10-31 iso4217:GBP xbrli:pure
Company Registration No. 11052602 (England and Wales)
Ravenrock Limited Unaudited accounts for the year ended 31 October 2024
Ravenrock Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Ravenrock Limited Company Information for the year ended 31 October 2024
Director
Robert Iain Sorsby
Company Number
11052602 (England and Wales)
Registered Office
14 Upper Northgate Street Chester Cheshire CH1 4EE England
Accountants
Power Accountants, Business and Tax Advisors Limited Royal House, 14 Upper Northgate Street Chester CH1 4EE
- 3 -
Ravenrock Limited Statement of financial position as at 31 October 2024
2024
2023
Notes
£
£
Fixed assets
Tangible assets
4
-
21
Current assets
Inventories
4,664
7,116
Cash at bank and in hand
38
63
4,702
7,179
Creditors: amounts falling due within one year
5
(954)
(954)
Net current assets
3,748
6,225
Total assets less current liabilities
3,748
6,246
Creditors: amounts falling due after more than one year
6
(44,798)
(35,878)
Net liabilities
(41,050)
(29,632)
Capital and reserves
Called up share capital
2
2
Profit and loss account
(41,052)
(29,634)
Shareholders' funds
(41,050)
(29,632)
For the year ending 31 October 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 12 March 2025 and were signed on its behalf by
Robert Iain Sorsby Director Company Registration No. 11052602
- 4 -
Ravenrock Limited Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
Ravenrock Limited is a private company, limited by shares, registered in England and Wales, registration number 11052602. The registered office is 14 Upper Northgate Street, , Chester, Cheshire, CH1 4EE, 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Going concern
The financial statements have been prepared on a going concern basis. The Director has assessed the company's ability to continue as a going concern and is satisfied that the company has the necessary funding to meet day-to-day working capital requirements. The company's ability to continue as a going concern is dependent on the continued support of its director/shareholder, who has provided loans and capital injections to the company. The Director believes that the going concern assumption is appropriate for the preparation of the financial statements.
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:
Fixtures & fittings
15% Straight Line
Computer equipment
15% Straight Line
- 5 -
Ravenrock Limited Notes to the Accounts for the year ended 31 October 2024
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 November 2023
74
1,179
1,253
At 31 October 2024
74
1,179
1,253
Depreciation
At 1 November 2023
67
1,165
1,232
Charge for the year
7
14
21
At 31 October 2024
74
1,179
1,253
Net book value
At 31 October 2024
-
-
-
At 31 October 2023
7
14
21
5
Creditors: amounts falling due within one year
2024
2023
£
£
Accruals
954
954
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Loans from directors
44,798
35,878
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
- 6 -