ACCOUNTS - Final Accounts preparation

Cash and cash equivalents

Registered number: 13062983

RAVE INVESTMENTS LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MARCH 2025

RAVE INVESTMENTS LIMITED

REGISTERED NUMBER: 13062983

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2025

	31 March	31 December
	2025	2023
Note	£	£

Fixed assets
Tangible assets	4		92,132		92,597
			92,132		92,597
Current assets
Debtors: amounts falling due within one year	5	26,158		106,505
Cash at bank and in hand	6	286		1,119
		26,444		107,624
Creditors: amounts falling due within one year	7	(3,034)		(48,792)
Net current assets			23,410		58,832
Total assets less current liabilities			115,542		151,429
Creditors: amounts falling due after more than one year	8		(153,381)		(178,723)

Net liabilities			(37,839)		(27,294)

Capital and reserves
Called up share capital	2	2
Profit and loss account	(37,841)	(27,296)
	(37,839)	(27,294)

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

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.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on

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RAVE INVESTMENTS LIMITED

REGISTERED NUMBER: 13062983

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 MARCH 2025

29 December 2025.

Rebecca Murray	David Taylor
Director	Director

The notes on pages 3 to 7 form part of these financial statements.

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RAVE INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2025

1.	General information

Rave Investments Limited is a private company limited by shares, registered in the United Kingdom number 13062983. Its registered office is Manor House, 35 St. Thomas's Road, Chorley, PR7 1HP. During the year, the principal activity of the company was that of buying and selling of own real estate.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

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RAVE INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Long-term leasehold property	-
Plant and machinery	-
Fixtures and fittings	-	15%	Reducing Balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

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RAVE INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Employees

The average monthly number of employees, including directors, during the period was 2 (2023 - 2).

4.	Tangible fixed assets

	Long-term leasehold property	Plant and machinery	Fixtures and fittings	Total
	£	£	£	£
Cost or valuation
At 1 January 2024	89,500	341	3,618	93,459
At 31 March 2025	89,500	341	3,618	93,459
Depreciation
At 1 January 2024	-	33	829	862
Charge for the period on owned assets	-	46	419	465
At 31 March 2025	-	79	1,248	1,327
Net book value
At 31 March 2025	89,500	262	2,370	92,132
At 31 December 2023	89,500	308	2,789	92,597

Debtors

					31 March	31 December
					2025	2023
					£	£


	Other debtors	26,158	106,505

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RAVE INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2025

5.Debtors (continued)

		26,158	106,505

Cash at bank and in hand	285	1,119
Less: bank overdrafts	(140)	-
	145	1,119

Bank overdrafts	141	-
Bank loans	904	1,616
Trade creditors	2,310	-
Other taxation and social security	1	-
Other creditors	(2,152)	44,746
Accruals and deferred income	1,830	2,430
	3,034	48,792

Bank loans	44,410	44,601
Other creditors	108,971	134,122
	153,381	178,723

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RAVE INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2025

Amounts falling due within one year
Bank loans	904	1,616
	904	1,616
Amounts falling due 1-2 years
Bank loans	904	1,521
	904	1,521
Amounts falling due 2-5 years
Bank loans	2,712	4,562
	2,712	4,562
Amounts falling due after more than 5 years
Bank loans	40,794	38,519
	40,794	38,519
	45,314	46,218

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