Registered number: 02600653
RAVENSPARK LIMITED
UNAUDITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 APRIL 2015
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RAVENSPARK LIMITED
REGISTERED NUMBER:
02600653
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ABBREVIATED BALANCE SHEET
AS AT
30 APRIL 2015
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CREDITORS:
amounts falling due within one year
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TOTAL ASSETS LESS CURRENT LIABILITIES
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CREDITORS:
amounts falling due after more than one year
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SHAREHOLDERS' (DEFICIT)/FUNDS
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1
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ABBREVIATED BALANCE SHEET
(continued)
AS AT
30 APRIL 2015
The director considers that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act")
and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and for preparing financial statements which give a true and fair view of the state of affairs of the company as at 30 April 2015 and of its loss for the year in accordance with the requirements of sections 394 and 395 of the Act and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.
The abbreviated accounts, which have been prepared in accordance with the provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006, were approved and authorised for issue by the board and were signed on its behalf by
:
The notes on pages 3 to 5 form part of these financial statements.
2
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NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 APRIL 2015
1.
ACCOUNTING POLICIES
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Basis of preparation of financial statements
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The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008)
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The company is the parent undertaking of a small group and as such is not required by the Companies Act 2006 to prepare group accounts. These financial statements therefore present information about the company as an individual undertaking and not about its group.
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At the year end, the company reports net current liabilities. The company meets its day to day working capital requirement through the support of its director.
Following review and enquires made, the director consider that he has assesed all relevant information and expectation and consider it appropriate to prepare the financial statements on the going concern basis at the time of approving the financial statements.
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Turnover comprises revenue recognised by the company in respect of import and export consultancy services supplied during the year, exclusive of Value Added Tax and trade discounts.
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Intangible fixed assets and amortisation
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Intangible fixed assets includes the Patent obtained by the company. It has not been amortised as the economic useful life is indefinite.
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Tangible fixed assets and depreciation
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Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
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Investments held as fixed assets are shown at cost less provision for impairment.
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Full provision is made for deferred tax assets and liabilities arising from all timing differences between the recognition of gains and losses in the financial statements and recognition in the tax computation.
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A net deferred tax asset is recognised only if it can be regarded as more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.
Deferred tax assets and liabilities are calculated at the tax rates expected to be effective at the time the timing differences are expected to reverse.
Deferred tax assets and liabilities are not discounted.
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3
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NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 APRIL 2015
1.
ACCOUNTING POLICIES (continued)
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Monetary assets and liabilities denominated in foreign currencies are translated into sterling at rates of exchange ruling at the balance sheet date.
Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction.
Exchange gains and losses are recognised in the Profit and loss account.
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2.
INTANGIBLE FIXED ASSETS
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At 1 May 2014 and 30 April 2015
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3.
TANGIBLE FIXED ASSETS
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At 1 May 2014 and 30 April 2015
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At 1 May 2014 and 30 April 2015
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4
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NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 APRIL 2015
4.
FIXED ASSET INVESTMENTS
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At 1 May 2014 and 30 April 2015
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Subsidiary undertakings
The following were subsidiary undertakings of the company:
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Triprop Holdings (Pty) Ltd
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Ravenspark Exploration Pvt Ltd
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5.
CREDITORS:
Amounts falling due after more than one year
Creditors include amounts not wholly repayable within 5 years as follows:
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Repayable other than by instalments
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6.
SHARE CAPITAL
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Allotted, called up and fully paid
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1,000
Ordinary
shares of £
1
each
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5
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