Registration number: 00958017

Raven Development Company Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 6

Raven Development Company Limited

Company Information

Directors

T W Schofield J Schofield C M Croft

Registered office

1st Floor Woburn House 84 St Benedicts Street Norwich Norfolk NR2 4AB

Accountants

Pacific Limited 1st Floor, Woburn House 84 St Benedicts Street Norwich Norfolk NR2 4AB

Raven Development Company Limited

(Registration number: 00958017)
Balance Sheet as at 31 March 2025

	Note	2025 £	(As restated) 2024 £
Fixed assets
Tangible assets	4	4,440	5,920
Investment property	5	1,500	1,500
		5,940	7,420
Current assets
Stocks		211,980	211,980
Debtors	6	1,508	20,370
Cash at bank and in hand		458,100	567,109
		671,588	799,459
Creditors: Amounts falling due within one year	7	(55,059)	(81,323)
Net current assets		616,529	718,136
Net assets		622,469	725,556
Capital and reserves
Called up share capital	8	2,400	2,400
Profit and loss account		620,069	723,156
Shareholders' funds		622,469	725,556

For the financial year ending 31 March 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 17 December 2025 and signed on its behalf by:
 

T W Schofield Director

C M Croft Director

Raven Development Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
1st Floor Woburn House
84 St Benedicts Street
Norwich
Norfolk
NR2 4AB

2	Accounting policies

Basis of preparation

These financial statements have been prepared using the historical cost convention in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

The presentation currency is sterling.

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Going concern
The financial statements have been prepared on a going concern basis.

Reclassification of comparative amounts

A prior year adjustment has been made to include a dividend declared on 6 April 2023 which was not included in the accounts.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.

Tangible assets

Tangible assets are stated at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation
Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and equipment	25% reducing balance

Raven Development Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Investment property

Investment property is measured at fair value at each reporting date with changes in fair value recognised in the profit and loss account.

Cash
Cash comprises cash on hand and all deposits.

Stock and work in progress

Stocks are stated at the lower of cost and net realisable value.

The cost of work in progress comprises direct materials and, where applicable, direct labour costs, finance costs and overheads.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

3	Staff numbers

The average number of persons employed by the company during the year was 0 (2024 - 0).

4	Tangible assets

	Plant and equipment  £	Total £
Cost
At 1 April 2024	22,209	22,209
At 31 March 2025	22,209	22,209
Depreciation
At 1 April 2024	16,289	16,289
Charge for the year	1,480	1,480
At 31 March 2025	17,769	17,769
Net book value
At 31 March 2025	4,440	4,440
At 31 March 2024	5,920	5,920

Raven Development Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

5	Investment property

	2025 £	2024 £
At 1 April	1,500	1,500
At 31 March	1,500	1,500

The properties were valued by the directors at their market value using current market data for similar properties in the same areas.

6

Debtors

	2025 £	2024 £
Other debtors	1,408	20,275
Prepayments	100	95
	1,508	20,370

7

Creditors

Creditors: amounts falling due within one year

	2025 £	(As restated) 2024 £
Taxation and social security	4,191	4,329
Other loans	45,700	71,187
Accruals	5,168	5,807
	55,059	81,323