REGISTERED NUMBER: 05368693 (England and Wales)

RAVENAIR HOLDINGS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J T Nuttall

S Nuttall

J L Valentine

W Barrett

SECRETARY:

S Nuttall

REGISTERED OFFICE:

Business Aviation Centre

Viscount Drive

Liverpool John Lennon Airport

Liverpool

L24 5GA

REGISTERED NUMBER:

05368693 (England and Wales)

FIXED ASSETS

Tangible assets

4

1,530,201

940,982

Investments

5

300,070

300,070

1,830,271

1,241,052

CURRENT ASSETS

Debtors

6

20,839

555,607

CREDITORS

Amounts falling due within one year

7

22,132

50,581

NET CURRENT (LIABILITIES)/ASSETS

(1,293

)

505,026

TOTAL ASSETS LESS CURRENT LIABILITIES

1,828,978

1,746,078

CAPITAL AND RESERVES

Called up share capital

8

1,069

1,069

Retained earnings

1,827,909

1,745,009

SHAREHOLDERS' FUNDS

1,828,978

1,746,078

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

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

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 31 October 2025 and were signed on its behalf by:

J T Nuttall - Director

1.	STATUTORY INFORMATION

Ravenair Holdings Ltd 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.

The financial statements are presented in sterling (£).

Going concern

The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors have reached this conclusion giving due consideration to the projected future performance of the company and any potential risk that might impact the company's ability to meet its required solvency levels. For this reason, they continue to adopt the going concern basis in preparing the financial statements.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover represents leasing of premises, 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.

Short leasehold

-

2% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Financial assets

Basic financial assets, including trade debtors, cash and bank balances and amounts owed by group undertakings, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

If there is a decrease in the the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in the income statement.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party, or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial Liabilities

Basic financial liabilities, including trade creditors and amounts owed to group undertakings, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Short

leasehold

£

COST

At 1 February 2024

1,525,725

Additions

633,558

At 31 January 2025

2,159,283

DEPRECIATION

At 1 February 2024

584,743

Charge for year

44,339

At 31 January 2025

629,082

NET BOOK VALUE

At 31 January 2025

1,530,201

At 31 January 2024

940,982

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertaking

£

COST

At 1 February 2024

and 31 January 2025

300,070

NET BOOK VALUE

At 31 January 2025

300,070

At 31 January 2024

300,070

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

2

2

Amounts owed by inter company

20,837

555,605

20,839

555,607

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

791

29,241

Other creditors

3

3

Accruals and deferred income

21,338

21,337

22,132

50,581

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1,069

Ordinary

£1

1,069

1,069

9.	ULTIMATE CONTROLLING PARTY

The company is controlled by JT Nuttall and S Nuttall who are the company's directors and shareholders.