Registration number:
First Base Ravensbury Limited
for the Year Ended 31 March 2019
10 Scandia-Hus Business Park
Felcourt Road
East Grinstead
West Sussex
RH19 2LP
First Base Ravensbury Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Financial Statements |
First Base Ravensbury Limited
Company Information
Directors |
Mr Elliot Stephen Lipton Mr Phillip Alan Wade |
Company secretary |
Mr Paul Andrew Pollard |
Registered office |
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Accountants |
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First Base Ravensbury Limited
(Registration number: 09513217)
Balance Sheet as at 31 March 2019
Note |
2019 |
2018 |
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Fixed assets |
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Investments |
- |
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Creditors: Amounts falling due within one year |
( |
( |
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Net liabilities |
( |
( |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
( |
( |
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Total equity |
( |
( |
For the financial year ending 31 March 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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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 and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
.........................................
Director
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First Base Ravensbury Limited
Notes to the Financial Statements for the Year Ended 31 March 2019
General information |
The company is a private company limited by share capital, incorporated in England.
The address of its registered office is:
Accounting policies |
Summary of significant accounting policies and key accounting estimates
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.
Statement of compliance
These financial statements have been prepared 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.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Going concern
The financial statements have been prepared on a going concern basis.
Investments
Investments comprise of capital contributions and discounted bonds in a limited liability partnership and have been classified as fixed asset investments as the company intends to hold them on a continuing basis. These are remeasured to market value at each balance sheet date reflecting any provision for impairment. Gains and losses on remeasurement are recognised in the profit or loss for the period.
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 initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
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First Base Ravensbury Limited
Notes to the Financial Statements for the Year Ended 31 March 2019
Investments |
Investments |
£ |
Cost or valuation |
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At 1 April 2018 |
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Disposals |
( |
At 31 March 2019 |
- |
Provision |
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At 1 April 2018 |
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Provision for impairment |
( |
At 31 March 2019 |
- |
Carrying amount |
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At 31 March 2019 |
- |
At 31 March 2018 |
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In addition to the capital contribution and loan repayments, less the impairment provided for as at 31 March 2018 an additional amount of £23,463 was received and recognised in the profit and loss account.
Creditors |
Creditors: amounts falling due within one year
Note |
2019 |
2018 |
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Due within one year |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
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Accruals and deferred income |
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- |
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Other creditors |
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First Base Ravensbury Limited
Notes to the Financial Statements for the Year Ended 31 March 2019
Related party transactions |
Summary of transactions with other related parties
During the year the company repaid/(received) loans of £179,063 (2018: (£130,943)) to/(from) First Base limited. At the balance sheet date the amount due to First Base Limited was £49,907 (2018: £228,970).
Western Heritable (Star) Limited - shareholder
During the year the company repaid/(received) loans of £1,655,361 (2018: (£956,250)) to/(from) Western Heritable (Star) Limited. At the balance sheet date the amount due to Western Heritable (Star) Limited was £238,314 (2018: £1,893,675).
Mr RJ Clark - shareholder
During the year the company repaid/(received) loans of £80,572 (2018: (£6,000)) to/(from) Mr RJ Clark. At the balance sheet date the amount due to Mr RJ Clark was £25,420 (2018: £105,992).
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