UNITED
STATES SECURITIES AND EXCHANGE COMMISSION


WASHINGTON
D.C. 20549




FORM
10-K




x ANNUAL REPORT PURSUANT
TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934




For the
fiscal year ended: October 31, 2010




OR




 ̈ TRANSITION REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF
1934




Commission
File Number: 000 - 53492




Ravenwood Bourne, Ltd.(Name of small business issuer in its charter)




Delaware
              
              26-3167800(State
      or other jurisdiction of
                incorporation
      or organization)
              
              (I.R.S.
      Employer
                Identification
      No.)




855 Village Center Drive, Suite 151, North Oaks, MN 55127(Address
      of principal executive offices)  (zip
code)




Registrant's
telephone number, including area code – (310) 770-4538




Securities
registered under Section 12 (b) of the Exchange Act: NONE




Securities
registered under to Section 12 (g) of the Exchange Act:




Common Stock, $.001 par value(Title
      of Class)




Indicate
by check mark if the registrant is a well-known seasoned issuer, as defined in
rule 405 of the Securities Act. YES  ̈ NO x




Indicate
by check mark if the registrant is not required to file reports pursuant to
Section 13 or 15(d) of the Exchange Act.  ̈




Indicate
by check mark whether the registrant (1) filed all reports required to be filed
by Section 13 or 15(d) of the Exchange Act during the past 12 months (or for
such shorter period that the Registrant was required to file such reports) and
(2) has been subject to such filing requirements for the past 90 days. YES x NO  ̈




Indicate
by check mark whether the registrant has submitted electronically and posted on
its corporate website, if any, every Interactive Date File required to be
submitted and posted pursuant to Rule 405 of Regulation S-T (ss. 232.405 of this
chapter) during the preceding 12 months (for for such shorter period that the
registrant was required to submit and post such files). YES  ̈ NO  ̈




Indicate
by check mark if disclosure of delinquent filers pursuant to Item 405 of
Regulation S-K (ss. 229.405 of this chapter) is not contained herein, and will
not be contained, to the best of registrant's knowledge, in definitive proxy or
information statements incorporated by reference in Part III of this Form 10-K
or any amendment to this Form 10-K. x









Indicate
by checkmark whether the registrant is a large accelerated filer, an accelerated
filer, a non-accelerated filer, or a smaller reporting company. x Smaller Reporting
Company




Indicate
by check mark whether the registrant is a shell company (as defined in Rule
12b-2 of the Exchange Act) YES x NO  ̈




State the
aggregate market value of the voting and non-voting common equity held by
non-affiliates computed by reference to the price at which the common equity was
last sold, or the average bid and asked price of such common equity, as of the
last business day of the registrant's most recently completed second fiscal
quarter. $64,816 (162,040 shares at $0.40).




Note: If
a determination as to whether a particular person is an affiliate cannot be made
without involving unreasonable effort and expense, the aggregate market value of
the common stock held by non-affiliates may be calculated on the basis of
assumptions reasonable under the circumstances, provided that the assumptions
are set forth in this Form.




APPLICABLE
ONLY TO REGISTRANTS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE PRECEDING FIVE
YEARS:




Indicate
by check mark whether the registrant has filed all documents and reports
required to be filed by Section 12, 13 or 15(d) of the Securities Exchange Act
of 1934 subsequent to the distribution of securities under a plan confirmed by a
court. YES o NO
o




APPLICABLE
ONLY TO CORPORATE REGISTRANTS




Indicate
the number of shares outstanding of each of the registrant's classes of common
stock, as of the latest practicable date. 12,162,040 shares as of December 31,
2010.




DOCUMENTS
INCORPORATED BY REFERENCE: None




List
hereunder the following documents if incorporated by reference and the Part of
the Form 10-K (e.g., Part I, Part II, etc.) into which the document is
incorporated: (1) Any annual report to security holders; (2) Any proxy or
information statement; and (3) Any prospectus filed pursuant to Rule 424(b) or
(c) under the Securities Act of 1933. The listed documents should be clearly
described for identification purposes (e.g., annual report to security holders
for fiscal year ended December 24, 1980).









RAVENWOOD
BOURNE, LTD.




TABLE OF
CONTENTS




PagePart
      IItem
      1.
                          Business
                          
                          3Item
      1A.
                          Risk
      Factors
                          
                          14Item
      1B.
                          Unresolved
      Staff Comments
                          
                          24Item
      2.
                          Properties
                          
                          24Item
      3.
                          Legal
      Proceedings
                          
                          25Item
      4.
                          Submission
      of Matters to a Vote of Security Holders
                          
                          25Part
      IIItem
      5.
                          Market
      for Registrant's Common Equity, Related Stockholder Matters and Issuer
      Purchases of Equity Securities
                          
                          25Item
      6.
                          Selected
      Financial Data
                          
                          29Item
      7.
                          Management's
      Discussion and Analysis of Financial Condition and Results of
      Operations
                          
                          29Item
      8.
                          Financial
      Statements and Supplementary Data
                          
                          33Item
      9.
                          Changes
      in and Disagreements with Accountants on Accounting and Financial
      Disclosure
                          
                          44Item
      9A(T).
                          Controls
      and Procedures
                          
                          44Item
      9B.
                          Other
      Information
                          
                          46Part
      IIIItem
      10.
                          Directors,
      Executive Officers, and Corporate Governance
                          
                          47Item
      11.
                          Executive
      Compensation
                          
                          48Item
      12.
                          Security
      Ownership of Certain Beneficial Owners and Management and Related
      Stockholder Matters
                          
                          49Item
      13.
                          Certain
      Relationships and Related Transactions, and Director
      Independence
                          
                          50Item
      14.
                          Principal
      Accountant fees and services
                          
                          50PART
      IVItem
      15.
                          Exhibits,
      Financial Statement Schedules
                          
                          52Signatures
                          
                          54


2




PART
I




ITEM 1.
BUSINESS




This
annual report on Form 10-K contains forward-looking statements that are based on
current expectations, estimates, forecasts and projections about the Company,
us, our future performance, our beliefs and our Management's assumptions. In
addition, other written or oral statements that constitute forward-looking
statements may be made by us or on our behalf. Words such as "expects,"
"anticipates," "targets," "goals," "projects," "intends," "plans," "believes,"
"seeks," "estimates," variations of such words and similar expressions are
intended to identify such forward-looking statements. These statements are not
guarantees of future performance and involve certain risks, uncertainties and
assumptions that are difficult to predict or assess. Therefore, actual outcomes
and results may differ materially from what is expressed or forecast in such
forward-looking statements. Except as required under the federal securities laws
and the rules and regulations of the SEC, we do not have any intention or
obligation to update publicly any forward-looking statements after the filing of
this Form 10-K, whether as a result of new information, future events, changes
in assumptions or otherwise.




Readers
are cautioned not to place undue reliance on the forward- looking statements
contained herein, which speak only as of the date hereof. We believe the
information contained in this Form 10-K to be accurate as of the date hereof.
Changes may occur after that date. We will not update that information except as
required by law in the normal course of its public disclosure
practices.




Additionally,
the following discussion regarding our financial condition and results of
operations should be read in conjunction with the financial statements and
related notes.




History




Ravenwood
Bourne, Ltd., a Nevada corporation (the "Company" or "Ravenwood Bourne"), was
originally incorporated on May 14, 1987 in Florida as Ventura Promotion Group,
Inc for the purpose of engaging in the incentive marketing business. At the time
of formation the Company was authorized to issue 7,500 shares of $1.00 par value
common stock.




3




In
approximately late 1997, the Company changed control and the direction of its
business. In particular, the Company was in the business of manufacturing and
marketing pre-packaged pour-in-place playground surfacing products. The Company
subsequently held the exclusive manufacturing and distribution licenses for
SafetyPlay 2 Surfacing for North America, Mexico, Central and South
America.




In
anticipation of going public, on June 30, 1998, the Company raised its
authorized common stock to 50,000,000 shares $.001 par value. On November 12,
1998, the Company changed its name to American Surface Technologies
International, Inc. The Company went public in July, 1998 and began trading on
the NASDAQ over the counter market under the symbol "VPGP" which symbol was
changed to "SURF" following the November 1998 name change. The Company did not
register with the Securities and Exchange Commission ("SEC") and was not subject
to the reporting requirements of the Securities Exchange Act of 1934, as
amended.




From 1998
through the end of 1999 the Company attempted to expand quickly, including
expending a great deal of sums on research and development and growth. In 1999
the Company made a large capital investment to open a full scale manufacturing
plant to produce its SafetyPlay products. The Company suffered from financial
difficulties due to its rapid growth and associated expenditures. Despite
efforts, including bringing in new management, the Company's business ultimately
failed and the Company ceased operations. In September 2001, the State of
Florida administratively dissolved the Company for not maintaining proper
filings with the state and not paying its franchise tax fees.




Ravenwood
Bourne has not conducted any business operations since 2001. In 2006, the
Company briefly attempted to re-activate. The Company changed its name to Global
Environmental, Inc. and increased its authorized common stock to 100,000,000
shares, $.001 par value. However, this brief attempt was unsuccessful and was
abandoned almost immediately.




4


Effective
October 31, 2005 the Company approved and authorized a plan of quasi
reorganization and restatement of accounts to eliminate the accumulated deficit
and related capital accounts on the Company's balance sheet. The Company
concluded its period of reorganization after reaching a settlement agreement
with all of its significant creditors. The Company, as approved by its Board of
Directors, elected to state its November 1, 2005 balance sheet as a "quasi
reorganization", pursuant to ARB 43. These rules require the revaluation of all
assets and liabilities to their current values through a current charge to
earnings and the elimination of any deficit in retained earnings by charging
paid-in capital. From November 1, 2005 forward, the Company has recorded net
income (and net losses) to retained earnings and (and net losses) to retained
earnings and (accumulated deficit).




On July
23, 2007, in its Court Order, the Circuit Court for the 11th Judicial Circuit in
and for Miami Dade County, Florida granted the application of Century Capital
Partners, LLC to have a receiver appointed. The Court appointed Brian T. Scher,
Esquire as receiver of the Company. The Court Order appointing Receiver
empowered Mr. Scher to evaluate our financial status, to determine whether there
are any options for corporate viability that could benefit our shareholders, to
reinstate our corporation with the Florida Secretary of State, and to obtain
copies of our shareholder records from our transfer agent. Mr. Michael Anthony
is the sole managing member of Century Capital Partners.




Under Mr.
Scher's receivership, and with funds supplied by Century Capital Partners, the
Company reinstated its corporate charter and paid all past due franchise taxes;
paid the outstanding debt with the transfer agent; and made an analysis of the
Company's debts and potential for viability as a merger candidate. In addition,
on October 7, 2007, Mr. Scher, as receiver, appointed Michael Anthony as our
sole Director, President, Secretary and Treasurer.




On or
near September 26, 2007, the Company changed its transfer agent from Signature
Stock Transfer to Island Stock Transfer.




On
October 8, 2007, following the submittal of detailed reports by Mr. Scher the
Court discharged the receiver and returned the Company to the control of its
Board of Directors. On October 9, 2007 the Company adopted amended and restated
ByLaws.




On
November 21, 2007 after proper notice to all shareholders, the Company held an
annual meeting for the purposes of the election of directors. At the meeting,
Michael Anthony was elected the sole Director. Immediately following the
shareholder meeting, Michael Anthony was appointed President, Secretary and
Treasurer.




5




In
exchange for a capital investment of $12,562.00 by Century Capital Partners, LLC
on or near October 17, 2007 Ravenwood Bourne issued to Century Capital Partners,
LLC 90,000,000 shares of its common stock (1,200,000 shares post reverse)
representing approximately 88.1% of its common stock outstanding on that date.
The funds were used to pay ongoing administrative expenses, including but not
limited to, outstanding transfer agent fees, state reinstatement and filing fees
and all costs associated with conducting the shareholders meeting.




On or
near August 27, 2008, Corporate Services International, Inc. agreed to
contribute $20,000 as paid in capital to Ravenwood Bourne, the entire amount of
which was paid to Ravenwood Bourne on November 4, 2008. This capital
contribution is separate from and in addition to the $12,562 capital
contribution by Century Capital Partners, LLC. Ravenwood Bourne has used and
shall continue to use these funds to pay the costs and expenses necessary to
revive the Company's business and implement the Company's business plan. Such
expenses include, without limitation, fees to redomicile the Company to the
state of Delaware; payment of state filing fees; transfer agent fees; calling
and holding a shareholder's meeting; accounting and legal fees; and costs
associated with preparing and filing this Registration Statement,
etc.




In
exchange for the $20,000 capital contribution by Corporate Services
International, Inc., the Company agreed to issue 1,000,000 shares of its Series
B Preferred Stock. Corporate Services International is a personal use business
consulting company of which Michael Anthony is the sole officer and director. On
January 19, 2009, Corporate Services International, Inc. converted the 1,000,000
shares of Series B Preferred Stock into 10,000,000 shares of common
stock.




In
addition to, and separate from the above discussed capital investments, through
October 30, 2008, Century Capital Partners has loaned the Company $4,509 for
ongoing general and administrative expenses.




Moreover,
Michael Anthony, as officer and director has agreed to assist the Company in its
efforts to salvage value for the benefit of its shareholders. Mr. Anthony's
efforts include and will continue to include, but are not limited to, assistance
in gathering information, retaining counsel and working with counsel and the
auditor for purposes of preparation of this Registration Statement and
corresponding audited financial statements. Mr. Anthony and Ravenwood Bourne do
not have a written agreement.




6




On
October 11, 2007, American Surface Technologies International, Inc. was
incorporated in Delaware for the purpose of merging with American Surface
Technologies International, Inc., a Florida Corporation so as to effect a re-
domicile to Delaware. The Delaware Corporation is authorized to issue
250,000,000 shares of $.001 par value common stock and 2,000,000 shares of $.001
par value preferred stock. On December 11, 2007 both American Surface
Technologies International the Florida corporation and American Surface
Technologies International the Delaware corporation signed and filed Articles of
Merger with their respective states, pursuant to which the Florida Corporation's
shareholders received one share of new (Delaware) common stock for every one
share of old (Florida) common stock they owned. All outstanding shares of the
Florida Corporation's common stock were effectively purchased by the new
Delaware Corporation, effectively merging the Florida Corporation into the
Delaware Corporation, and making the Delaware Corporation the surviving
entity.




Effective
September 30, 2008 the Company changed its name to Ravenwood Bourne, Ltd.,
enacted a 1:75 reverse split of its outstanding common stock and changed the
authorized capital stock to 300,000,000 shares $.001 par value common stock and
10,000,000 shares of preferred stock $.001 par value. Of the preferred stock
1,000,000 shares were designated as Series B Preferred Stock. Each share of
Series B Preferred Stock entitles the holder thereof to ten (10) votes on all
matters submitted to stock holders for vote, is convertible into ten (10) shares
of common stock and has a liquidation preference of $1.00 per share. The
Company's name change is not meant to be reflective of any business plan or
particular business industry but rather is thought by management to be neutral
and therefore may assist in the Company's current business plan as described
herein.




On or
near August 17, 2010, the Company changed its transfer agent from Island Stock
Transfer to Corporate Stock Transfer.




On March
31, 2010, we issued 12,000,000 shares of our common stock to Bedrock Ventures,
Inc. Under the terms of this transaction we received $275,000 for the shares we
issued.




On April
1, 2010, we repurchased and retired a total of 11,200,000 shares of our common
stock from two of our shareholders for a total cash payment of $275,000. We
repurchased 10,000,000 shares from Corporate Services International, Inc and
1,200,000 shares from Century Capital Partners, LLC. These to repurchases were
funded from the proceeds of the Bedrock Ventures, Inc. transaction.




7




As a
result of the transactions, Bedrock Ventures, Inc. became the holder of 99% of
our issued and outstanding shares of common stock.




On April
5, 2010 Michael Anthony appointed Keith A. Rosenbaum as the sole officer and
director of the Company. Michael Anthony then resigned all positions in and with
the company as of the same date.




On
December 31, 2010 Bedrock Ventures, Inc. executed a written consent of the
majority stockholders of the Company removing Mr. Rosenbaum as a director and
electing Mr. Fotis Georgiadis as a director. Mr. Georgiadis then removed Mr.
Rosenbaum as Chief Executive Officer and appointed himself as Chief Executive
Officer.




CURRENT
BUSINESS PLAN




Ravenwood
Bourne is a shell company in that it has no or nominal operations and either no
or nominal assets. At this time, Ravenwood Bourne's purpose is to seek,
investigate and, if such investigation warrants, acquire an interest in business
opportunities presented to it by persons or firms who or which desire to seek
the perceived advantages of an Exchange Act registered corporation. The Company
will not restrict its search to any specific business, industry, or geographical
location and the Company may participate in a business venture of virtually any
kind or nature. This discussion of the proposed business is purposefully general
and is not meant to be restrictive of the Company's virtually unlimited
discretion to search for and enter into potential business opportunities.
Management anticipates that it may be able to participate in only one potential
business venture because the Company has nominal assets and limited financial
resources. This lack of diversification should be considered a substantial risk
to shareholders of the Company because it will not permit the Company to offset
potential losses from one venture against gains from another. Management may
sell its shares to a third party who subsequently will complete a transaction to
bring the Company from a shell company to an operating entity.




Management
has substantial flexibility in identifying and selecting a prospective new
business opportunity. Ravenwood Bourne would not be obligated nor does
management intend to seek pre-approval by our shareholders prior to entering
into a transaction.




8




Ravenwood
Bourne may seek a business opportunity with entities which have recently
commenced operations, or which wish to utilize the public marketplace in order
to raise additional capital in order to expand into new products or markets, to
develop a new product or service, or for other corporate purposes. Ravenwood
Bourne may acquire assets and establish wholly owned subsidiaries in various
businesses or acquire existing businesses as subsidiaries.




Ravenwood
Bourne intends to promote itself privately. The Company anticipates that the
selection of a business opportunity in which to participate will be complex and
risky. Due to general economic conditions, rapid technological advances being
made in some industries and shortages of available capital, management believes
that there are numerous firms seeking the perceived benefits of a publicly
registered corporation. Such perceived benefits may include facilitating or
improving the terms on which additional equity financing may be sought,
providing liquidity for incentive stock options or similar benefits to key
employees, providing liquidity (subject to restrictions of applicable statutes),
for all shareholders, and other factors.




Ravenwood
Bourne has, and will continue to have, little or no capital with which to
provide the owners of business opportunities with any significant cash or other
assets. At year end October 31, 2010 Ravenwood Bourne had a cash balance of $0.
Management believes the Company will be able to offer owners of acquisition
candidates the opportunity to acquire a controlling ownership interest in a
publicly registered company without incurring the cost and time required to
conduct an initial public offering. The owners of the business opportunities
will, however, incur significant legal and accounting costs in connection with
the acquisition of a business opportunity, including the costs of preparing Form
8K's, 10K's, 10Q's and agreements and related reports and documents. The
Securities Exchange Act of 1934 (the "34 Act"), specifically requires that any
merger or acquisition candidate comply with all applicable reporting
requirements, which include providing audited financial statements to be
included within the numerous filings relevant to complying with the `34 Act.
Nevertheless, the officer and director of Ravenwood Bourne has not conducted
market research and is not aware of statistical data which would support the
perceived benefits of a merger or acquisition transaction for the owners of a
business opportunity.




9


The
analysis of new business opportunities will be undertaken by, or under the
supervision of, the officer and director of the Company, or successor
management, with such outside assistance as he or they may deem appropriate. The
Company intends to concentrate on identifying preliminary prospective business
opportunities, which may be brought to its attention through present
associations of the Company's officer and director. In analyzing prospective
business opportunities, the Company will consider such matters as the available
technical, financial and managerial resources; working capital and other
financial requirements; history of operations, if any; prospects for the future;
nature of present and expected competition; the quality and experience of
management services which may be available and the depth of that management; the
potential for further research, development, or exploration; specific risk
factors not now foreseeable but which then may be anticipated to impact the
proposed activities of the Company; the potential for growth or expansion; the
potential for profit; the perceived public recognition or acceptance of
products, services, or trades; name identification; and other relevant factors.
The Company will not acquire or merge with any company for which audited
financial statements are not available.




The
foregoing criteria are not intended to be exhaustive and there may be other
criteria that the Company may deem relevant.




The
officer of Ravenwood Bourne has some, but not extensive experience in managing
companies similar to the Company and shall mainly rely upon his own efforts, in
accomplishing the business purposes of the Company. The Company may from time to
time utilize outside consultants or advisors to effectuate its business purposes
described herein. No policies have been adopted regarding use of such
consultants or advisors, the criteria to be used in selecting such consultants
or advisors, the services to be provided, the term of service, or regarding the
total amount of fees that may be paid. However, because of the limited resources
of the Company, it is likely that any such fee the Company agrees to pay would
be paid in stock and not in cash.




Ravenwood
Bourne does not intend to obtain funds in one or more private placements to
finance the operation of any acquired business opportunity until such time as
the Company has successfully consummated such a merger or acquisition. Rather
Ravenwood Bourne intends to borrow money from management related parties to
finance ongoing operations.




10




Management
intends to devote such time as it deems necessary to carry out the Company's
affairs. We cannot project the amount of time that our management will actually
devote to our plan of operation.




The time
and costs required to pursue new business opportunities, which includes due
diligence investigations, negotiating and documenting relevant agreements and
preparing requisite documents for filing pursuant to applicable securities laws,
cannot be ascertained with any degree of certainty.




Ravenwood
Bourne intends to conduct its activities so as to avoid being classified as an
"Investment Company" under the Investment Company Act of 1940, and therefore
avoid application of the costly and restrictive registration and other
provisions of the Investment Company Act of 1940 and the regulations promulgated
thereunder.




GOVERNMENT
REGULATIONS




As a
registered corporation, Ravenwood Bourne, Ltd. is subject to the reporting
requirements of the Securities Exchange Act of 1934, as amended (the "34 Act")
which includes the preparation and filing of periodic, quarterly and annual
reports on Forms 8K, 10Q and 10K. The 34 Act specifically requires that any
merger or acquisition candidate comply with all applicable reporting
requirements, which include providing audited financial statements to be
included within the numerous filings relevant to complying with the `34
Act.




RAVENWOOD
BOURNE IS A BLANK CHECK COMPANY




At
present, Ravenwood Bourne is a company with no revenues and has no specific
business plan or purpose. Ravenwood Bourne's business plan is to seek new
business opportunities or to engage in a merger or acquisition with an
unidentified company. As a result, Ravenwood Bourne is a blank check company and
any offerings of our securities would need to comply with Rule 419 under the
Act. The provisions of Rule 419 apply to every registration statement filed
under the Securities Act of 1933, as amended, by a blank check company. Rule 419
requires that the blank check company filing such registration statement deposit
the securities being offered and proceeds of the offering into an escrow or
trust account pending the execution of an agreement for an acquisition or
merger. In addition, the registrant is required to file a post effective
amendment to the registration statement containing the same information as found
in a Form 10 registration statement, upon the execution of an agreement for such
acquisition or merger. The rule provides procedures for the release of the
offering funds in conjunction with the post effective acquisition or merger.
Ravenwood Bourne has no current plans to engage in any such
offerings.




11


RAVENWOOD
BOURNE'S COMMON STOCK IS A PENNY STOCK




Ravenwood
Bourne's common stock is a "penny stock," as defined in Rule 3a51-1 under the
Exchange Act. The penny stock rules require a broker-dealer, prior to a
transaction in a penny stock not otherwise exempt from the rules, to deliver a
standardized risk disclosure document that provides information about penny
stocks and the nature and level of risks in the penny stock market. The
broker-dealer also must provide the customer with current bid and offer
quotations for the penny stock, the compensation of the broker-dealer and its
sales person in the transaction, and monthly account statements showing the
market value of each penny stock held in the customer's account. In addition,
the penny stock rules require that the broker-dealer, not otherwise exempt from
such rules, must make a special written determination that the penny stock is
suitable for the purchaser and receive the purchaser's written agreement to the
transaction. These disclosure rules have the effect of reducing the level of
trading activity in the secondary market for a stock that becomes subject to the
penny stock rules. So long as the common stock of Ravenwood Bourne is subject to
the penny stock rules, it may be more difficult to sell our common
stock.




ACQUISITION
OF OPPORTUNITIES




Affiliates
of management own 12,000,000 shares of common stock or approximately 99% of the
total issued and outstanding shares of Ravenwood Bourne. As a result, management
will have substantial flexibility in identifying and selecting a prospective new
business opportunity. In implementing a structure for a particular business
acquisition, the Company may become a party to a merger, consolidation,
reorganization, joint venture, or licensing agreement with another corporation
or entity. It may also acquire stock or assets of an existing business. On the
consummation of a transaction, it is probable that the present management and
shareholders of the Company will no longer be in control of the Company. In
addition, the Company's directors may, as part of the terms of the acquisition
transaction, resign and be replaced by new directors without a vote of the
Company's shareholders or may sell their stock in the Company. Moreover,
management may sell or otherwise transfer his interest in the Company to new
management who will then continue the Company business plan of seeking new
business opportunities.




12


It is
anticipated that any securities issued in any reorganization would be issued in
reliance upon an exemption from registration under applicable federal and state
securities laws. In some circumstances, however, as a negotiated element of its
transaction, the Company may agree to register all or a part of such securities
immediately after the transaction is consummated or at specified times
thereafter. If such registration occurs, of which there can be no assurance, it
will be undertaken by the surviving entity after the Company has successfully
consummated a merger or acquisition.




With
respect to any merger or acquisition, negotiations with target company
management are expected to focus on the percentage of the Company which the
target company shareholders would acquire in exchange for all of their
shareholdings in the target company. Depending upon, among other things, the
target company's assets and liabilities, the Company's shareholders will in all
likelihood hold a substantially lesser percentage ownership interest in the
Company following any merger or acquisition. The percentage ownership may be
subject to significant reduction in the event the Company acquires a target
company with substantial assets. Any merger or acquisition effected by the
Company can be expected to have a significant dilutive effect on the percentage
of shares held by the Company's then shareholders.




Ravenwood
Bourne will participate in a business opportunity only after the negotiation and
execution of appropriate written agreements. Although the terms of such
agreements cannot be predicted, generally such agreements will require some
specific representations and warranties by all of the parties thereto, will
specify certain events of default, will detail the terms of closing and the
conditions which must be satisfied by each of the parties prior to and after
such closing, will outline the manner of bearing costs, including costs
associated with the Company's attorneys and accountants, will set forth remedies
on default and will include miscellaneous other terms.




Ravenwood
Bourne does not intend to provide its security holders with any complete
disclosure documents, including audited financial statements, concerning an
acquisition or merger candidate and its business prior to the consummation of
any acquisition or merger transaction.




13


Ravenwood
Bourne has not expended funds on and has no plans to expend funds or time on
product research or development.




COMPETITION




Ravenwood
Bourne will remain an insignificant participant among the firms which engage in
the acquisition of business opportunities. There are many established venture
capital and financial concerns which have significantly greater financial and
personnel resources and technical expertise than the Company. In view of
Ravenwood Bourne's combined extremely limited financial resources and limited
management availability, the Company will continue to be at a significant
competitive disadvantage compared to the Company's competitors.




EMPLOYEES




Ravenwood
Bourne currently has no employees. The business of the Company will be managed
by its sole officer and director and such officers or directors which may join
the Company in the future, and who may become employees of the Company. The
Company does not anticipate a need to engage any fulltime employees at this
time.




ITEM 1A:
RISK FACTORS




FORWARD-LOOKING
STATEMENTS




This
annual report on Form 10-K contains forward-looking statements that are based on
current expectations, estimates, forecasts and projections about us, our future
performance, the market in which we operate, our beliefs and our management's
assumptions. In addition, other written or oral statements that constitute
forward-looking statements may be made by us or on our behalf. Words such as
"expects", "anticipates", "targets", "goals", "projects", "intends", "plans",
"believes", "seeks", "estimates", variations of such words and similar
expressions are intended to identify such forward-looking statements. These
statements are not guarantees of future performance and involve certain risks,
uncertainties and assumptions that are difficult to predict or assess.
Therefore, actual outcomes and results may differ materially from what is
expressed or forecast in such forward-looking statements.




14


WE ARE
DEPENDENT ON THE SERVICES OF OUR SOLE OFFICER AND DIRECTOR




Ravenwood
Bourne is dependent upon the continued services of its sole officer and
director, Fotis Georgiadis. If Mr. Georgiadis were to cease offering his
services while he is the sole officer and director, it is likely that the
Company would cease to maintain its filings under the Exchange Act and would
cease to seek new business opportunities.




THE
COMPANY HAS NO ASSETS AND NO PRESENT SOURCE OF REVENUES. THE COMPANY IS
DEPENDENT UPON THE FINANCIAL SUPPORT OF ITS SOLE OFFICER AND DIRECTOR AND
ENTITIES HE IS AFFILIATED WITH.




At
present, our business activities are limited to seeking potential business
opportunities. Due to our limited financial and personnel resources, there is
only a limited basis upon which to evaluate our prospects for achieving our
intended business objectives. We have no assets and have no operating income,
revenues or cash flow from operations. Our management is providing us with
funding, on an as needed basis, necessary for us to continue our corporate
existence and our business objective to seek new business opportunities, as well
as funding the costs, including professional accounting fees, of registering our
securities under the Exchange Act and continuing to be a reporting company under
the Exchange Act. We have no written agreement with our management to provide
any interim financing for any period. In addition, we will not generate any
revenues unless and until we enter into a new business. As of October 31, 2009
and October 31, 2010 we had cash of $326 and $0 respectively.




MANAGEMENT
HAS BROAD DISCRETION OVER THE SELECTION OF OUR PROSPECTIVE BUSINESS




Any
person who invests in our securities will do so without an opportunity to
evaluate the specific merits or risks of any potential new prospective business
in which we may engage. As a result, investors will be entirely dependent on the
broad discretion and judgment of management in connection with the selection of
a prospective business. The business decisions made by our management may not be
successful.




15





SHAREHOLDERS
WILL NOT RECEIVE DISCLOSURE OR INFORMATION REGARDING A PROSPECTIVE
BUSINESS





As of the
date of this annual report, we have not yet identified any prospective business
or industry in which we may seek to become involved and at present we have no
information concerning any prospective business. Management is not required to
and will not provide shareholders with disclosure or information regarding
prospective business opportunities. Moreover, a prospective business opportunity
may not result in a benefit to shareholders or prove to be more favorable to
shareholders than any other investment that may be made by shareholders and
investors.





THERE IS
NO ACTIVE MARKET FOR OUR COMMON STOCK AND ACCORDINGLY OUR STOCK IS ILLIQUID AND
MAY REMAIN SO





Ravenwood
Bourne's common stock has been subject to quotation on the over the counter
bulletin board. There is not currently an active trading market in the Company's
shares nor do we believe that any active trading market has existed for the last
2 years. No active trading market for our securities may develop following the
effective date of this Registration Statement. The lack of an active trading
market makes our stock illiquid to investors.





WE HAVE
NOT SPECIFIED AN INDUSTRY FOR NEW PROSPECTIVE BUSINESS OPPORTUNITIES AND
ACCORDINGLY RISKS ASSOCIATED WITH A SPECIFIC BUSINESS CANNOT BE
ASCERTAINED





There is
no basis for shareholders to evaluate the possible merits or risks of potential
new business opportunities or the particular industry in which we may ultimately
operate. To the extent that we effect a business combination with a financially
unstable entity or an entity that is in its early stage of development or
growth, including entities without established records of revenues or income, we
will become subject to numerous risks inherent in the business and operations of
that financially unstable company. In addition, to the extent that we effect a
business combination with an entity in an industry characterized by a high
degree of risk, we will become subject to the currently unascertainable risks of
that industry. A high level of risk frequently characterizes certain industries
that experience rapid growth. Although management will endeavor to evaluate the
risks inherent in a particular new prospective business or industry, there can
be no assurance that we will properly ascertain or assess all such risks or that
subsequent events may not alter the risks that we perceive at the time of the
consummation of any new business opportunity.





16





THERE ARE
MANY BLANK CHECK COMPANIES FOR WHICH RAVENWOOD BOURNE WILL COMPETE TO ATTRACT
BUSINESS OPPORTUNITIES





Ravenwood
Bourne expects to encounter intense competition from other entities seeking to
pursue new business opportunities. Many of these entities are well-established
and have extensive experience in identifying new prospective business
opportunities. Many of these competitors possess greater financial, technical,
human and other resources than we do. Based upon our limited financial and
personnel resources, we may lack the resources as compared to those of many of
our potential competitors.





POTENTIAL
RISKS OF AN ACQUISITION OR MERGER WITH A FOREIGN COMPANY





If we
enter into a business combination, acquisition or merger with a foreign concern,
we will be subject to risks inherent in business operations outside of the
United States. These risks include, for example, currency fluctuations,
regulatory problems, punitive tariffs, unstable local tax policies, trade
embargoes, risks related to shipment of raw materials and finished goods across
national borders and cultural and language differences. Foreign economies may
differ favorably or unfavorably from the United States economy in growth of
gross national product, rate of inflation, market development, rate of savings,
capital investment, resource self sufficiency and blance of payments positions
and in other respects.





17





RAVENWOOD
BOURNE MAY REQUIRE ADDITIONAL FINANCING TO MAINTAIN ITS REPORTING REQUIREMENTS
AND ADMINISTRATIVE EXPENSES





Ravenwood
Bourne has no revenues and is dependent upon the willingness of management and
management controlled entities to fund the costs associated with the reporting
obligations under the Exchange Act, and other administrative costs associated
with our corporate existence. As of October 31, 2009 and October 31, 2010,
Ravenwood Bourne had incurred $44,842 and $28,507 for general and administrative
expenses, respectively. General and administrative expenses include accounting
fees, reinstatement fees, and other professional fees. In addition, as of
October 31, 2009 Ravenwood Bourne had current liabilities of $27,773, $26,659 of
which is due to related parties and as of October 31, 2010 Ravenwood Bourne had
current liabilities of $1,647, $0 of which is due to related parties and. We may
not generate any revenues unless and until the commencement of new business
operations. We believe that management will continue to provide sufficient funds
to pay accounting and professional fees and other expenses to fulfill our
reporting obligations under the Exchange Act until we commence business
operations. Through
the date of this Form 10-K,currentmanagementandrelated parties have made a
capital investment of $275,000and additional loans in
the amount of $0for ongoing
expenses. In the event that our available funds from our
management and affiliates prove to be insufficient, we will be required to seek
additional financing. Our failure to secure additional financing could have a
material adverse affect on our ability to pay the accounting and other fees in
order to continue to fulfill our reporting obligations and pursue our business
plan. We do not have any arrangements with any bank or financial institution to
secure additional financing and such financing may not be available on terms
acceptable and in our best interests. We do not have any written agreement with
our affiliates to provide funds for our operating expenses.





STATE
BLUE SKY REGISTRATION; POTENTIAL LIMITATIONS ON RESALE OF THE
SECURITIES





The
holders of our shares of common stock and those persons, who desire to purchase
our stock in any trading market that might develop, should be aware that there
may be state blue-sky law restrictions upon the ability of investors to resell
our securities. Accordingly, investors should consider the secondary market for
Ravenwood Bourne's securities to be a limited one.





It is the
present intention of Ravenwood Bourne's management, after the commencement of
new business operations, to seek coverage and publication of information
regarding our Company in an accepted publication manual which permits a manual
exemption. The manual exemption permits a security to be distributed in a
particular state without being registered if the Company issuing the security
has a listing for that security in a securities manual recognized by the state.
However, it is not enough for the security to be listed in a recognized manual.
The listing entry must contain (1) the names of issuer's officers, and
directors, (2) an issuer's balance sheet, and (3) a profit and loss statement
for either the fiscal year preceding the balance sheet or for the most recent
fiscal year of operations. Furthermore, the manual exemption is a non-issuer
exemption restricted to secondary trading transactions, making it unavailable
for issuers selling newly issued securities.





18





Most of
the accepted manuals are those published in Standard and Poor's, Moody's
Investor Service, Fitch's Investment Service, and Best's Insurance Reports, and
many states expressly recognize these manuals. A smaller number of states
declare that they "recognize securities manuals" but do not specify the
recognized manuals. The following states do not have any provisions and
therefore do not expressly recognize the manual exemption: Alabama, Georgia,
Illinois, Kentucky, Louisiana, Montana, South Dakota, Tennessee, Vermont and
Wisconsin.




RESTRICTIONS
ON THE RELIANCE OF RULE 144 BY SHELL COMPANIES OR FORMER SHELL
COMPANIES





Historically,
the SEC staff has taken the position that Rule 144 is not available for the
resale of securities initially issued by companies that are, or previously were,
blank check companies, like us. The SEC has codified and expanded this position
in the amendments discussed above by prohibiting the use of Rule 144 for resale
of securities issued by any shell companies (other than business combination
related shell companies) or any issuer that has been at any time previously a
shell company. The SEC has provided an important exception to this prohibition,
however, if the following conditions are met:





o  The
issuer of the securities that was formerly a shell company has ceased to be a
shell company;





o  The
issuer of the securities is subject to the reporting requirements of Section 14
or 15(d) of the Exchange Act;





o  The
issuer of the securities has filed all Exchange Act reports and material
required to be filed, as applicable, during the preceding 12 months (or such
shorter period that the issuer was required to file such reports and materials),
other than Current Reports on Form 8-K; and





19





o  At
least one year has elapsed from the time that the issuer filed current
comprehensive disclosure with the SEC reflecting its status as an entity that is
not a shell company.





As a
result, it is likely that pursuant to Rule 144, stockholders who receive our
restricted securities in a business combination will not be able to sell our
shares without registration until one year after we have completed our initial
business combination.




RULE 144
RELATED RISK





Even if
the Rule 144 rules regarding shell companies were satisfied, the SEC adopted
amendments to Rule 144 which became effective on February 15, 2008 that apply to
securities acquired both before and after that date which also affect liquidity
through Rule 144. Under these amendments, a person who has beneficially owned
restricted shares of our common stock for at least six months would be entitled
to sell their securities provided that (i) such person is not deemed to have
been one of our affiliates at the time of, or at any time during the three
months preceding a sale, (ii) we are subject to the Exchange Act periodic
reporting requirements for at least 90 days before the sale and (iii) if the
sale occurs prior to satisfaction of a one-year holding period, we provide
current information at the time of sale.




Persons
who have beneficially owned restricted shares of our common stock for at least
six months but who are our affiliates at the time of, or at any time during the
three months preceding a sale, would be subject to additional restrictions, by
which such person would be entitled to sell within any three-month period only a
number of securities that does not exceed the greater of either of the
following:





o  1%
of the total number of securities of the same class then outstanding;
or





o  the
average weekly trading volume of such securities during the four calendar weeks
preceding the filing of a notice on Form 144 with respect to the
sale;





20





Provided,
in each case, that we are subject to the Exchange Act periodic reporting
requirements for at least three months before the sale. Such sales by affiliates
must also comply with the manner of sale, current public information and notice
provisions of Rule 144.





RULE 145
RELATED RISKS





In the
business combination context, Rule 145 has imposed on affiliates of either the
acquirer or the target company restrictions on public resales of securities
received in a business combination, even where the securities to be issued in
the business combination were registered under the Securities Act. These
restrictions were designed to prevent the rapid distribution of securities into
the public markets after a registered business combination by those who were in
a position to influence the business combination transaction. The recent adopted
amendments to Rule 145 eliminate these restrictions in most
circumstances.





Under the
new amendments, affiliates of a target company who receive registered shares in
a Rule 145 business combination transaction, and who do not become affiliates of
the acquirer, will be able to immediately resell the securities received by them
into the public markets without registration (except for affiliates of a shell
company as discussed in the following section). However, those persons who are
affiliates of the acquirer, and those who become affiliates of the acquirer
after the acquisition, will still be subject to the Rule 144 resale conditions
generally applicable to affiliates, including the adequate current public
information requirement, volume limitations, manner-of-sale requirements for
equity securities, and, if applicable, a Form 144 filing.




APPLICATION
OF RULE 145 TO SHELL COMPANIES





Public
resales of securities acquired by affiliates of acquirers and target companies
in business combination transactions involving shell companies will continue to
be subject to restrictions imposed by Rule 145. If the business combination
transaction is not registered under the Securities Act, then the affiliates must
look to Rule 144 to resell their securities (with the additional Rule 144
conditions applicable to shell company securities). If the business combination
transaction is registered under the Securities Act, then affiliates of the
acquirer and target company may resell the securities acquired in the
transaction, subject to the following conditions:





21





o   The
issuer must meet all of the conditions applicable to shell companies under Rule
144;





o  After
90 days from the date of the acquisition, the affiliates may resell their
securities subject to Rule 144's volume limitations, adequate current public
information requirement, and manner-of-sale requirements;





o  After
six months from the date of the acquisition, selling security-holders who are
not affiliates of the acquirer may resell their securities subject only to the
adequate current public information requirement of Rule 144; and





o  After
one year from the date of the acquisition, selling security-holders who are not
affiliates or the acquirer may resell their securities without
restriction.





THE
COMPANY MAY BE SUBJECT TO CERTAIN TAX CONSEQUENCES IN OUR BUSINESS, WHICH MAY
INCREASE OUR COST OF DOING BUSINESS.





We may
not be able to structure our acquisition to result in tax-free treatment for the
companies or their stockholders, which could deter third parties from entering
into certain business combinations with us or result in being taxed on
consideration received in a transaction. Currently, a transaction may be
structured so as to result in tax-free treatment to both companies, as
prescribed by various federal and state tax provisions. We intend to structure
any business combination so as to minimize the federal and state tax
consequences to both us and the target entity. We cannot guarantee however that
the business combination will meet the statutory requirements of a tax-free
reorganization or that the parties will obtain the intended tax-free treatment
upon a transfer of stock or assets. A non-qualifying reorganization could result
in the imposition of both federal and state taxes that may have an adverse
effect on both parties to the transaction.





22





WE WILL
NOT DECLARE DIVIDENDS





We do not
expect to pay dividends for the foreseeable future because we have no revenues.
The payment of dividends will be contingent upon our future revenues and
earnings, if any, capital requirements and overall financial condition. The
payment of any future dividends will be within the discretion of our board of
directors. It is our expectation that after the commencement of new business
operations that future management will determine to retain any earnings for use
in business operations and accordingly, we do not anticipate declaring any
dividends in the foreseeable future.





WE MOST
LIKELY WILL ISSUE ADDITIONAL SECURITIES IN CONJUNCTION WITH A BUSINESS
OPPORTUNITY WHICH WILL RESULT IN A DILUTION OF PRESENT SHAREHOLDER
OWNERSHIP





Our
Articles of Incorporation, as amended, authorize the issuance of 300,000,000
shares of common stock, par value $0.001. As of December 31, 2010, we have
12,162,040 shares issued and outstanding. We may be expected to issue additional
shares in connection with our pursuit of new business opportunities and new
business operations. To the extent that additional shares of common stock are
issued, our shareholders would experience dilution of their respective ownership
interests. If we issue shares of common stock in connection with our intent to
pursue new business opportunities, a change in control of our Company may be
expected to occur. The issuance of additional shares of common stock may
adversely affect the market price of our common stock, in the event that an
active trading market commences.




PRINCIPAL
STOCKHOLDER MAY ENGAGE IN A TRANSACTION TO CAUSE THE COMPANY TO REPURCHASE HIS
SHARES OF COMMON STOCK.





In order
to provide control of the Company to third party, our principal stockholder may
choose to cause the Company to sell Company securities to third parties, with
the proceeds of such sale being utilized for the Company to repurchase shares of
common stock held by such principal stockholder. As a result of such
transaction, our management, principal stockholder(s) and Board of Directors may
change.





23





WE ARE
REQUIRED TO COMPLY WITH PENNY STOCK RULES WHICH MAY LIMIT THE SECONDARY TRADING
MARKET FOR OUR SECURITIES





Our
securities will be considered a "penny stock" as defined in the Exchange Act and
the rules thereunder, unless the price of our shares of common stock is at least
$5.00. We expect that our share price will be less than $5.00. Unless our common
stock is otherwise excluded from the definition of "penny stock", the penny
stock rules apply. The penny stock rules require a broker-dealer, prior to a
transaction in a penny stock not otherwise exempt from the rules, to deliver a
standardized risk disclosure document that provides information about penny
stocks and the nature and level of risks in the penny stock market. The
broker-dealer also must provide the customer with current bid and offer
quotations for the penny stock, the compensation of the broker-dealer and its
sales person in the transaction, and monthly account statements showing the
market value of each penny stock held in the customer's account. In addition,
the penny stock rules require that the broker-dealer, not otherwise exempt from
such rules, must make a special written determination that the penny stock is
suitable for the purchaser and receive the purchaser's written agreement to the
transaction. These disclosure rules have the effect of reducing the level of
trading activity in the secondary market for a stock that becomes subject to the
penny stock rules. So long as the common stock is subject to the penny stock
rules, it may become more difficult to sell such securities. Such requirements
could limit the level of trading activity for our common stock and could make it
more difficult for investors to sell our common stock.





ITEM
1B.  UNRESOLVED STAFF COMMENTS





NONE.





ITEM
2.  PROPERTIES





Ravenwood
Bourne shares office space with its officer and director at 855 Village Center
Drive, Suite 151, North Oaks, MN 55127. The Company does not have a lease and
the Company pays no rent for the leased space. The Company does not own any
properties nor does it lease any other properties. The Company does not believe
it will need to maintain an office at any time in the foreseeable future in
order to carry out its plan of operations as described herein.





24





ITEM
3.  LEGAL PROCEEDINGS





On July
23, 2007, in its Court Order, the Circuit Court for the 11th Judicial Circuit in
and for Miami Dade County, Florida granted the application of Century Capital
Partners, LLC to have a receiver appointed. The Court appointed Brian T. Scher,
Esquire as receiver of the Company. The Court Order appointing Receiver
empowered Mr. Scher to evaluate our financial status, to determine whether there
are any options for corporate viability that could benefit our shareholders, to
reinstate our corporation with the Florida Secretary of State, and to obtain
copies of our shareholder records from our transfer agent.





Mr.
Michael Anthony is the sole managing member of Century Capital
Partners.





On
October 8, 2007, following the submittal of detailed reports by Mr. Scher the
Court discharged the receiver and returned the Company to the control of its
Board of Directors.





Ravenwood
Bourne's officers and directors are not aware of any threatened or pending
litigation to which the Company is a party or which any of its property is the
subject and which would have any material, adverse effect on the
Company.





ITEM
4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS





The
Company did not submit any matter to a vote of the shareholders for year end
October 31, 2010.  Stockholders holding 12,000,000 shares of common stock
did approve a written consent to remove Keith Rosenbaum as a director and
replaced him with Fotis Georgiadis in December 2010.





PART
II





ITEM 5.
MARKET FOR REGISTRANT'S COMMON EQUITY; RELATED STOCKHOLDER MATTERS AND ISSUER
PURCHASES OF EQUITY SECURITIES





The
Company's common stock is traded on the over the counter bulletin board under
the symbol "RVNW". Such trading of our common stock is limited and sporadic. To
the best knowledge of the Company, there has been no active trading activity for
approximately the past two years.





25





According
to records of the Company's transfer agent, the Company had approximately 88
holders of Common Stock of record as of December 31, 2010. This number does not
include an indeterminate number of shareholders whose shares are held by brokers
in street name. The following table sets forth the high and the low sale prices
of the Company's equity securities during the fiscal quarters in the years ended
October 31, 2010 and 2009. The quotations below reflect inter-dealer prices,
without retail mark-up, mark-down or commission and may not represent actual
transactions:





2009
                    
                    HIGH
                    
                    
                    LOWQuarter
      ended October 31, 2009
                    
                    $
                    0.45
                    
                    
                    $
                    0.45Quarter
      ended July 31, 2009
                    
                    $
                    0.45
                    
                    
                    $
                    0.45Quarter
      ended April 30, 2009
                    
                    $
                    0.51
                    
                    
                    $
                    0.45Quarter
      ended January 31, 2009
                    
                    $
                    0.51
                    
                    
                    $
                    0.452010
                    
                    HIGH
                    
                    
                    LOWQuarter
      ended October 31, 2010
                    
                    $
                    0.40
                    
                    
                    $
                    0.40Quarter
      ended July 31, 2010
                    
                    $
                    0.40
                    
                    
                    $
                    0.40Quarter
      ended April 30, 2010
                    
                    $
                    0.40
                    
                    
                    $
                    0.40Quarter
      ended January 31, 2010
                    
                    $
                    0.45
                    
                    
                    $
                    0.40





At the
time of filing of this Form 10-K, there is no common stock that is subject to
outstanding options or warrants to purchase common equity. At the time of filing
this Form 10-K there are no outstanding convertible securities of the
Company.





It is the
position of the Securities and Exchange Commission, in a No Action Letter to OTC
Compliance at the NASD, dated January 21, 2000, that Rule 144 is not available
for resale transactions involving securities sold by promoters and affiliates of
a blank check company, and their transferees, and anyone else who has been
issued securities from a blank check company, and that securities issued by a
blank check company to promoters and affiliates, and their transferees, can only
be resold through registration under the Act. Promoters and affiliates of a
blank check company will be considered underwriters under the Securities Act
when reselling the securities of a blank check company. At present, the Company
is a development stage company with no revenues and has no specific business
plan or purpose. The Company's business plan is to seek new business
opportunities or to engage in a merger or acquisition with an unidentified
company. As a result, the Company is a blank check company.





26





Effective
February 15, 2008, the Securities and Exchange Commission codified this position
in new Rule 144(i). Rule 144(i) provides that the safe harbor found in Rule 144
is not available for the resale of securities initially issued by an issuer that
has no or nominal operations and no or nominal assets or assets consisting
solely of cash or cash equivalents or any amount of assets consisting of cash or
cash equivalents and nominal other assets. In accordance with Rule 144(i), Rule
144 is not available for the re-sale of our securities initially issued while we
were a shell company.




The
ability of individual shareholders to trade their shares in a particular state
may be subject to various rules and regulations of that state. A number of
states require that an issuer's securities be registered in their state or
appropriately exempted from registration before the securities are permitted to
trade in that state.





Ravenwood
Bourne is not and is not proposing to publicly offer any securities at this
time.





From
time-to-time the Company may grant options or warrants, or promise registration
rights to certain shareholders. The Company has no control over the number of
shares of its common stock that its shareholders sell. The price of the
Company's stock may be adversely affected if large amounts are sold in a short
period.





The
Company's shares most likely will be subject to the provisions of Section 15(g)
and Rule 15g-9 of the Exchange Act, commonly referred to as the "penny stock"
rule. Section 15(g) sets forth certain requirements for transactions in penny
stocks and Rule 15g-9(d)(1) incorporates the definition of penny stock as that
term is used in Rule 3a51-1 of the Exchange Act.





27





The SEC
generally defines penny stock to be any equity security that has a market price
less than $5.00 per share, subject to certain exceptions. Rule 3a51-1 provides
that any equity security is considered to be a penny stock unless that security
is: registered and traded on a national securities exchange meeting specified
criteria set by the SEC; authorized for quotation on The NASDAQ Stock Market;
issued by a registered investment company; excluded from the definition on the
basis of price (at least $5.00 per share) or the issuer's net tangible assets;
or exempted from the definition by the SEC. Broker-dealers who sell penny stocks
to persons other than established customers and accredited investors (generally
persons with assets in excess of $1,000,000 or annual income exceeding $200,000,
or $300,000 together with their spouse), are subject to additional sales
practice requirements.





For
transactions covered by these rules, broker-dealers must make a special
suitability determination for the purchase of such securities and must have
received the purchaser's written consent to the transaction prior to the
purchase. Additionally, for any transaction involving a penny stock, unless
exempt, the rules require the delivery, prior to the first transaction, of a
risk disclosure document relating to the penny stock market. A broker-dealer
also must disclose the commissions payable to both the broker-dealer and the
registered representative, and current quotations for the securities. Finally,
monthly statements must be sent to clients disclosing recent price information
for the penny stocks held in the account and information on the limited market
in penny stocks. Consequently, these rules may restrict the ability of
broker-dealers to trade and/or maintain a market in our common stock and may
affect the ability of shareholders to sell their shares.





Dividends





The
Company has not declared any dividends since inception and does not anticipate
paying any dividends in the foreseeable future. The payment of dividends is
within the discretion of the Board of Directors and will depend on the Company's
earnings, capital requirements, financial condition, and other relevant factors.
There are no restrictions that currently limit the Company's ability to pay
dividends on its Common Stock other than those generally imposed by applicable
state law.





28





Equity
Compensation Plans





We have
no equity compensation plans.





Recent
Sales of Unregistered Securities.





On March
31, 2010, the Company issued 12,000,000 shares of its common stock to Bedrock
Ventures, Inc. Under the terms of this transaction we received $275,000 for the
shares the Company issued.




On April
1, 2010 the Company repurchased and retired a total of 11,200,000 shares of its
common stock from two of its shareholders for a total cash payment of $275,000.
It repurchased 10,000,000 shares from Corporate Services International, Inc and
1,200,000 shares from Century Capital Partners, LLC. These two repurchases were
funded from the proceeds of the Bedrock Ventures, Inc. transaction.




The
Company believes that the issuance and sale of the restricted shares was exempt
from registration pursuant to Section 4(2) of the Act as privately negotiated,
isolated, non-recurring transactions not involving any public solicitation. In
addition, other exemptions, such as state specific exemptions and other federal
exemptions, may apply. An appropriate restrictive legend is affixed to the stock
certificates issued in such transactions.





ITEM
6.  SELECTED FINANCIAL DATA





This Item
is not applicable to Ravenwood Bourne as it is a smaller reporting
company.





ITEM 7.
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF
OPERATIONS





The
following presentation of management's discussion and analysis of the Company's
financial condition and results of operations should be read in conjunction with
the Company's consolidated financial statements, the accompanying notes thereto
and other financial information appearing elsewhere in this report. This section
and other parts of this report contain forward-looking statements that involve
risks and uncertainties. The Company's actual results may differ significantly
from the results discussed in the forward-looking statements.





29





The
following presentation of management's discussion and analysis of the Company's
financial condition and results of operations should be read in conjunction with
the Company's consolidated financial statements, the accompanying notes thereto
and other financial information appearing elsewhere in this report. This section
and other parts of this report contain forward-looking statements that involve
risks and uncertainties. The Company's actual results may differ significantly
from the results discussed in the forward-looking statements.





OVERVIEW





Effective
October 31, 2005, the Company approved and authorized a plan of quasi
reorganization and restatement of accounts to eliminate the accumulated deficit
and related capital accounts on the Company's balance sheet. The Company
concluded its period of reorganization after reaching a settlement agreement
with all of its significant creditors. The Company, as approved by its Board of
Directors, elected to state its November 1, 2005, balance sheet as a "quasi
reorganization", pursuant to ARB 43. These rules require the revaluation of all
assets and liabilities to their current values through a current charge to
earnings and the elimination of any deficit in retained earnings by charging
paid-in capital. From November 1, 2005 forward, the Company has recorded net
income (and net losses) to retained earnings and (and net losses) to retained
earnings and (accumulated deficit).




Our current activities are related to
seeking new business opportunities. We will use our limited personnel and
financial resources in connection with such activities. It may be expected that
pursuing a new business opportunity will involve the issuance of restricted
shares of common stock. At October 31, 2009 and 2010, we had cash assets of $326
and $0 respectively. At October 31, 2010the Company
had current liabilities of $1,647, none due to related parties. As of October
31, 2009 we had current liabilities of $27,773, 26,659 of whichwasdue to
related parties.




We have had no revenues in the years ended
October 31, 2009 or 2010.  Our operating expenses for the year end October
31, 2010 $28,507 and for the year end October 31, 2009 were $44,842, comprised
of general and administrative expenses.Included in those expenses was a charge of $24,000 each
year for the fair value of services provided without cost.Accordingly, we had a net loss of $28,507 and a netloss per share of $nilfor the year
end October 31, 2010,a net loss of$44,842and a net loss per share of $Nil for the year end
October 31, 2009.





30





CONTINUING
OPERATIONS, LIQUIDITY AND CAPITAL RESOURCES





Prior
management related parties have invested $32,562 into the Company in exchange
for 1,200,000 shares of common stock and 1,000,000 shares of Series B Preferred
Stock. In addition, management has loaned the Company $4,509 for ongoing
expenses. While we are dependent upon interim funding provided by management to
pay professional fees and expenses, we have no written finance agreement with
management to provide any continued funding. As of October 31, 2009 the Company
had current liabilities of $27,773, $26,659 due to related parties and as of
October 31, 2008 the Company had current liabilities of $26,605, $14,509 of
which is due to related parties. In particular, prior management has loaned the
Company $4,509 and the Company's securities counsel, Laura Anthony, the wife of
our officer and director, is owed $10,000 for legal services in connection with
reporting requirements.




Management
provided, without cost to the Company, his services, valued at $1,800 per month
through October 31, 2010, which totaled $21,600 for the year then ended. The
principal stockholder also provided, without cost to the Company, office space
valued at $200 per month, which totaled $2,400 for the year ended October 31,
2010. The total of these expenses was $24,000 and was reflected in the statement
of operations as general and administrative expenses with a corresponding
contribution of paid-in capital.




Management
provided, without cost to the Company, his services, valued at $1,800 per month
through October 31, 2009, which totaled $21,600 for the year then ended. The
prior principal stockholder also provided, without cost to the Company, office
space valued at $200 per month, which totaled $2,400 for the year ended October
31, 2009. The total of these expenses was $24,000 and was reflected in the
statement of operations as general and administrative expenses with a
corresponding contribution of paid-in capital.




In 2010
all related party obligations from prior management were forgiven. Such
transactions are deemed a capital contribution.




The Board
of Directors of the Company has determined that the best course of action for
the Company is to complete a business combination with an existing business. The
Company has limited liquidity or capital resources. In the event that the
Company cannot complete a merger or acquisition and cannot obtain capital needs
for ongoing expenses, including expenses related to maintaining compliance with
the securities laws and filing requirements of the Securities Exchange Act of
1934, the Company could be forced to cease operations.





31





Ravenwood
Bourne currently plans to satisfy its cash requirements for the next 12 months
though its current cash and by borrowing from its officer and director or
companies affiliated with its officer and director and believes it can satisfy
its cash requirements so long as it is able to obtain financing from these
affiliated entities. Ravenwood Bourne currently expects that money borrowed will
be used during the next 12 months to satisfy the Company's operating costs,
professional fees and for general corporate purposes. The Company may explore
alternative financing sources, although it currently has not done
so.





Ravenwood
Bourne will use its limited personnel and financial resources in connection with
seeking new business opportunities, including seeking an acquisition or merger
with an operating company. It may be expected that entering into a new business
opportunity or business combination will involve the issuance of a substantial
number of restricted shares of common stock. If such additional restricted
shares of common stock are issued, the shareholders will experience a dilution
in their ownership interest in the Company. If a substantial number of
restricted shares are issued in connection with a business combination, a change
in control may be expected to occur.





In
connection with the plan to seek new business opportunities and/or effecting a
business combination, the Company may determine to seek to raise funds from the
sale of restricted stock or debt securities. The Company has no agreements to
issue any debt or equity securities and cannot predict whether equity or debt
financing will become available at acceptable terms, if at all.





There are
no limitations in the certificate of incorporation on the Company's ability to
borrow funds or raise funds through the issuance of restricted common stock to
effect a business combination. The Company's limited resources and lack of
recent operating history may make it difficult to borrow funds or raise capital.
Such inability to borrow funds or raise funds through the issuance of restricted
common stock required to effect or facilitate a business combination may have a
material adverse effect on the Company's financial condition and future
prospects, including the ability to complete a business combination. To the
extent that debt financing ultimately proves to be available, any borrowing will
subject the Company to various risks traditionally associated with indebtedness,
including the risks of interest rate fluctuations and insufficiency of cash flow
to pay principal and interest, including debt of an acquired
business.





32





The
Company currently has no plans to conduct any research and development or to
purchase or sell any significant equipment. The Company does not expect to hire
any employees during the next 12 months.





OFF
BALANCE SHEET ARRANGEMENTS





None.




ITEM
8.  FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA




33




REPORT OF
INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM




REPORT
OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM




Michael
F. Cronin


Certified
Public Accountant


Orlando,
FL 32708





Board of
Directors and Shareholders


Ravenwood
Bourne, Ltd.


North
Oaks, MN




I have
audited the accompanying balance sheets of Ravenwood Bourne, Ltd. as of October
31 2010 and 2009 and the related statements of operations, stockholders'
deficiency and cash flows for the years then ended. The financial statements are
the responsibility of the directors. My responsibility is to express an opinion
on these financial statements based on my audits.




I
conducted my audit in accordance with the standards of the Public Company
Accounting Oversight Board (United States). Those
standards require that I plan and perform the audits to obtain reasonable
assurance about whether the financial statements are free of material
misstatement. The company is not required to have, nor was I engaged to perform,
an audit of its internal control over financial reporting. My audit included
consideration of internal control over financial reporting as a basis for
designing audit procedures that are appropriate in the circumstances, but not
for the purpose of expressing an opinion on the effectiveness of the Company's
internal control over financial reporting. Accordingly, I express no such
opinion. An audit includes examining, on a test basis, evidence supporting the
amounts and disclosures in the financial statements. An audit also includes
assessing the accounting principles used and significant estimates made by
management, as well as evaluating the overall financial statement presentation.
I believe that my audits provide a reasonable basis for my opinion.




In my
opinion, the financial statements referred to above present fairly, in all
material respects, the consolidated financial position of Ravenwood Bourne, Ltd,
as of October 31, 2010 and 2009 and the results of its operations, its cash
flows and changes in stockholders' deficiency for the years then ended in
conformity with accounting principles generally accepted in the United
States.





The
accompanying financial statements have been prepared assuming that the Company
will continue as a going concern. The Company has incurred a $29,000 loss from
operations and has no cash.  The Company may not have adequate readily
available resources to fund operations through 2011. This raises substantial
doubt about the Company’s ability to continue as a going concern. The financial
statements do not include any adjustments that might result from the outcome of
this uncertainty.




January
19, 2011




/s/ Michael F. CroninMichael
      F. CroninCertified
      Public AccountantNY,
      FL





34





Ravenwood
Bourne, Ltd.


Balance
Sheet





Oct 31,
                          
                          
                          Oct 31,2010
                          
                          
                          2009AssetsCurrent
      assetsCash
                          
                          $
                          0
                          
                          
                          $
                          326Prepaid
      expenses
                          
                          
                          0
                          
                          
                          
                          0Total
      current assets
                          
                          
                          0
                          
                          
                          
                          326Total
      Assets
                          
                          $
                          0
                          
                          
                          $
                          326Liabilities
      and Stockholders' DeficiencyCurrent
      liabilities:Accounts
      payable-trade
                          
                          $
                          1,647
                          
                          
                          $
                          1,114Due
      to related parties
                          
                          
                          0
                          
                          
                          
                          26,659Total
      current liabilities
                          
                          
                          1,647
                          
                          
                          
                          27,773Stockholders'
      Deficiency:Common
      stock-300,000,000 authorized $001 par value12,162,040
      shares issued & outstanding (11,362,000 in 2009)
                          
                          
                          12,162
                          
                          
                          
                          11,362Additional
      paid-in capital
                          
                          
                          128,869
                          
                          
                          
                          75,362Deficit
      accumulated since quasi reorganization Oct. 31, 2005
                          
                          
                          (142,678
                          )
                          
                          
                          (114,171
                          )Total
      Stockholders' Deficiency
                          
                          
                          (1,647
                          )
                          
                          
                          (27,447
                          )Total
      Liabilities & Stockholders' Deficiency
                          
                          $
                          (0
                          )
                          
                          $
                          326





See
Summary of Significant Accounting Policies and Notes to Financial
Statements.





35


Ravenwood
Bourne, Ltd.
 Statement
of Operations
 
 Year Ended Oct 31,2010
                      
                      
                      2009Revenue
                      
                      $
                      0
                      
                      
                      $
                      0Costs
      & Expenses:General
      & administrative
                      
                      
                      28,507
                      
                      
                      
                      44,842Interest
                      
                      
                      0
                      
                      
                      
                      0Total
      Costs & Expenses
                      
                      
                      28,507
                      
                      
                      
                      44,842Loss
      from continuing operations before income taxes
                      
                      
                      (28,507
                      )
                      
                      
                      (44,842
                      )Income
      taxes
                      
                      
                      0
                      
                      
                      
                      0Net
      Loss
                      
                      $
                      (28,507
                      )
                      
                      $
                      (44,842
                      )Basic
      and diluted per share amounts:Continuing
      operations
                      
                      Nil
                      
                      
                      NilBasic
      and diluted net loss
                      
                      Nil
                      
                      
                      NilWeighted
      average shares outstanding (basic & diluted)
                      
                      
                      11,719,549
                      
                      
                      
                      9,170,201
 
 See
Summary of Significant Accounting Policies and Notes to Financial
Statements.
  36
 
 Ravenwood
Bourne, Ltd.
 Statement
of Cash Flows
 
 Year Ended Oct 312010
                  
                  
                  2009Cash
      flows from operating activities:Net
      Loss
                  
                  $
                  (28,507
                  )
                  
                  $
                  (44,842
                  )Adjustments
      required to reconcile net loss to cash used in operating
      activities:Fair
      value of services provided by related parties
                  
                  
                  24,000
                  
                  
                  
                  24,000Payments
      made on related party payables
                  
                  
                  0
                  
                  
                  
                  (5,000
                  )Increase
      (decrease) in accounts payable & accrued expenses
                  
                  
                  533
                  
                  
                  
                  (10,982
                  )Cash
      used by operating activities:
                  
                  
                  (3,974
                  )
                  
                  
                  (36,824
                  )Cash
      used in investing activities
                  
                  
                  0
                  
                  
                  
                  0Cash
      flows from financing activities:Proceeds
      from issuance of common stock
                  
                  
                  275,000
                  
                  
                  
                  0Redemption
      of common stock
                  
                  
                  (275,000
                  )
                  
                  
                  0Proceeds
      from issuance of preferred stock
                  
                  
                  0
                  
                  
                  
                  20,000Capital
      contributed by related party
                  
                  
                  3,148
                  
                  
                  
                  0Proceeds
      of related party debt borrowings
                  
                  
                  500
                  
                  
                  
                  17,150Cash
      generated by financing activities
                  
                  
                  3,648
                  
                  
                  
                  37,150Change
      in cash
                  
                  
                  (326
                  )
                  
                  
                  326Cash-beginning
      of period
                  
                  
                  326
                  
                  
                  
                  0Cash-end
      of period
                  
                  $
                  (0
                  )
                  
                  $
                  326
 
 See
Summary of Significant Accounting Policies and Notes to Financial
Statements.
  37
  Ravenwood
Bourne, Ltd.
 Statement
of Stockholders' Deficiency
 
 Preferred Stock
                      
                      
                      Common StockShares
                      
                      
                      Amount
                      
                      
                      Shares
                      
                      
                      Common
                        Stock
                      
                      
                      Additional
                        paid-in
                        capital
                      
                      
                      Deficit
                        Accumulated
                        since quasi
                        reorganization
                        Oct 31, 2005Balance
      at October 31, 2008
                      
                      
                      
                      
                      
                      
                      
                      
                      1,362,040
                      
                      
                      $
                      1,362
                      
                      
                      $
                      41,362
                      
                      
                      $
                      (69,329
                      )Stock
      issued for cash
                      
                      
                      1,000,000
                      
                      
                      
                      20,000Conversion
      of Preferred
                      
                      
                      (1,000,000
                      )
                      
                      
                      (20,000
                      )
                      
                      
                      10,000,000
                      
                      
                      
                      10,000
                      
                      
                      
                      10,000Fair
      value of services provided by related party
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      24,000Net
      Loss
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      (44,842
                      )Balance
      at October 31, 2009
                      
                      
                      0
                      
                      
                      $
                      0
                      
                      
                      
                      11,362,040
                      
                      
                      $
                      11,362
                      
                      
                      $
                      75,362
                      
                      
                      $
                      (114,171
                      )Stock
      issued for cash
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      12,000,000
                      
                      
                      
                      12,000
                      
                      
                      
                      263,000Purchase
      and retirement of treasury stock
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      (11,200,000
                      )
                      
                      
                      (11,200
                      )
                      
                      
                      (263,800
                      )Fair
      value of services provided by related party
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      24,000Capital
      contributed by related party
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      3,148Conversion
      of related party debt
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      27,159Net
      Loss
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      (28,507
                      )Balance
      at October 31, 2010
                      
                      
                      0
                      
                      
                      $
                      0
                      
                      
                      
                      12,162,040
                      
                      
                      $
                      12,162
                      
                      
                      $
                      128,869
                      
                      
                      $
                      (142,678
                      )
 
 See
Summary of Significant Accounting Policies and Notes to Financial
Statements.
  38
  RAVENWOOD
BOURNE, LTD.
 BACKGROUND
AND
 SIGNIFICANT
ACCOUNTING POLICIES
 October
31, 2010
  The
Company
  Organizational
Background: Ravenwood Bourne, Ltd., (the “Company” or "Ravenwood
Bourne"), was originally incorporated on May 14, 1987 in Florida as Ventura
Promotion Group, Inc for the purpose of engaging in the incentive marketing
business.  In September 2001, the State of Florida administratively
dissolved us for not maintaining proper filings with the state and not paying
its franchise tax fees. In 2006, the Company changed its name to Global
Environmental, Inc. On December 11, 2007 we re-domiciled to Delaware and we
changed our name to Ravenwood Bourne on September 30, 2008. In 2001 we ceased
operations and have not engaged in business operations since that
time.
 
 11thJudicial Circuit Court Dade County, Florida Proceedings: On July 23,
2007, in its Court Order, the Circuit Court for the 11th
Judicial Circuit in and for Miami Dade County, Florida granted the application
of Century Capital Partners, LLC to appoint a receiver. The Court Order
appointing Receiver empowered the receiver to evaluate our financial status, to
determine whether there are any options for corporate viability that could
benefit our shareholders, to reinstate our corporation with the Florida
Secretary of State, and to obtain copies of our shareholder records from our
transfer agent. Under the receivership, and with funds supplied by Century
Capital Partners, the Company reinstated its corporate charter; paid all past
due franchise taxes and settled all outstanding debts with the transfer
agent.  In addition, on October 7, 2007, the receiver, appointed
Michael Anthony as our sole Director, President, Secretary and
Treasurer.
 
 On
October 8, 2007, following the submittal of detailed reports by the receiver,
the Court discharged the receiver and returned the Company to the control of its
Board of Directors.
 
 Basis of
Presentation:Effective October 31,
2005, the Company approved and authorized a plan of quasi reorganization and
restatement of accounts to eliminate the accumulated deficit and related capital
accounts on the Company’s balance sheet.  The Company concluded its
period of reorganization after reaching a settlement agreement with all of its
significant creditors.  The Company, as approved by its Board of
Directors, elected to state its November 1, 2005, balance sheet as a “quasi
reorganization”, pursuant to ARB 43.  These rules require the
revaluation of all assets and liabilities to their current values through a
current charge to earnings and the elimination of any deficit in retained
earnings by charging paid-in capital.  From November 1, 2005 forward,
the Company has recorded net income (and net losses) to retained earnings and
(and net losses) to retained earnings and (accumulated deficit).
 
 The
accounts of any former subsidiaries were not included and have not been carried
forward.
  Significant
Accounting Policies
  Use of
EstimatesThe preparation of
financial statements in conformity with generally accepted accounting principles
requires management to make estimates and assumptions that affect reported
amounts of assets and liabilities and disclosure of contingent assets and
liabilities at the date of the financial statement and the reported amounts of
revenues and expenses during the reporting period. Actual results could differ
from the estimates.
  Cash and
Cash Equivalents:For financial statement presentation purposes, the Company considers
those short-term, highly liquid investments with original maturities of three
months or less to be cash or cash equivalents.
  Property
and Equipment  New property and equipment are recorded at cost.
Property and equipment included in the bankruptcy proceedings and transferred to
the Trustee had been valued at liquidation value. Depreciation is computed using
the straight-line method over the estimated useful lives of the assets,
generally 5 years. Expenditures for renewals and betterments are capitalized.
Expenditures for minor items, repairs and maintenance are charged to operations
as incurred. Gain or loss upon sale or retirement due to obsolescence is
reflected in the operating results in the period the event takes
place.
  39
  Valuation
of Long-Lived Assets: We review the
recoverability of our long-lived assets including equipment, goodwill and other
intangible assets, when events or changes in circumstances occur that indicate
that the carrying value of the asset may not be recoverable. The assessment of
possible impairment is based on our ability to recover the carrying value of the
asset from the expected future pre-tax cash flows (undiscounted and without
interest charges) of the related operations. If these cash flows are less than
the carrying value of such asset, an impairment loss is recognized for the
difference between estimated fair value and carrying value. Our primary measure
of fair value is based on discounted cash flows. The measurement of impairment
requires management to make estimates of these cash flows related to long-lived
assets, as well as other fair value determinations.
  Stock
Based Compensation:Stock-based awards to
employees and non-employees are accounted for using the fair value method in
accordance with ASC 718, Share-Based
Payments.  Our primary type of share-based compensation
consists of stock options. ASC 718 requires that companies measure and recognize
compensation expense at an amount equal to the fair value of share-based
payments granted under compensation arrangements.. We calculate the fair value
of options using a Black-Scholes option pricing model. We do not currently have
any outstanding options subject to future vesting.
  ASC 718
also requires the benefits of tax deductions in excess of recognized
compensation expense to be reported in the Statement of Cash Flows as a
financing cash inflow rather than an operating cash inflow. In addition, ASC 718
required a modification to the Company’s calculation of the dilutive effect of
stock option awards on earnings per share.
 
 Accounting
For Obligations And Instruments Potentially To Be Settled In The Company’s Own
Stock: We account for obligations and instruments potentially to be
settled in the Company’s stock in accordance with FASB ASC 815, Accounting for Derivative Financial
Instruments.This issue addresses the initial balance sheet
classification and measurement of contracts that are indexed to, and potentially
settled in, the Company’s own stock.
  Fair
Value of Financial Instruments: FASB ASC 825, “Financial Instruments,”
requires entities to disclose the fair value of financial instruments, both
assets and liabilities recognized and not recognized on the balance sheet, for
which it is practicable to estimate fair value. FASB ASC 825 defines fair value
of a financial instrument as the amount at which the instrument could be
exchanged in a current transaction between willing parties. At October 31,
2010, the carrying value of certain financial instruments (cash and cash
equivalents, accounts payable and accrued expenses.) approximates fair value due
to the short-term nature of the instruments or interest rates, which are
comparable with current rates
  Earnings
per Common Share: We have adopted the
provisions of ASC 260, Earning
per Share. ASC 260 requires presentation of both basic and diluted
earnings per share (EPS) on the face of the income statement. Basic EPS is
computed by dividing net income (loss) available to common shareholders
(numerator) by the weighted average number of shares outstanding (denominator)
during the period. Diluted EPS gives effect to all dilutive potential common
shares outstanding during the period using the treasury stock method and
convertible preferred stock using the if-converted method. In computing Diluted
EPS, the average stock price for the period is used in determining the number of
shares assumed to be purchased from the exercise of stock options or warrants.
Diluted EPS excludes all dilutive potential shares if their effect is anti
dilutive.
 
 Except as
otherwise noted, all share, option and warrant numbers have been restated to
give retroactive effect to our reverse split. All per share disclosures
retroactively reflect shares outstanding or issuable.
 
 There
were no common equivalent shares required to be added to the basic weighted
average shares outstanding to arrive at diluted weighted average shares
outstanding in 2010 or 2009.
  Income
Taxes:We
have adopted ASC 740, Accounting for Income Taxes.Pursuant to ASC 740, we are required to compute tax asset benefits for
net operating losses carried forward. The potential benefits of net operating
losses have not been recognized in these financial statements because the
Company cannot be assured it is more likely than not it will utilize the net
operating losses carried forward in future years.
  We must
make certain estimates and judgments in determining income tax expense for
financial statement purposes. These estimates and judgments occur in the
calculation of certain tax assets and liabilities, which arise from differences
in the timing of recognition of revenue and expense for tax and financial
statement purposes.
  40
  Deferred
tax assets and liabilities are determined based on the differences between
financial reporting and the tax basis of assets and liabilities using the tax
rates and laws in effect when the differences are expected to reverse. ASC 740
provides for the recognition of deferred tax assets if realization of such
assets is more likely than not to occur. Realization of our net deferred tax
assets is dependent upon our generating sufficient taxable income in future
years in appropriate tax jurisdictions to realize benefit from the reversal of
temporary differences and from net operating loss, or NOL, carryforwards. We
have determined it more likely than not that these timing differences will not
materialize and have provided a valuation allowance against substantially all of
our net deferred tax asset. Management will continue to evaluate the
realizability of the deferred tax asset and its related valuation allowance. If
our assessment of the deferred tax assets or the corresponding valuation
allowance were to change, we would record the related adjustment to income
during the period in which we make the determination. Our tax rate may also vary
based on our results and the mix of income or loss in domestic and foreign tax
jurisdictions in which we operate.
 
 In
addition, the calculation of our tax liabilities involves dealing with
uncertainties in the application of complex tax regulations. We recognize
liabilities for anticipated tax audit issues in the U.S. and other tax
jurisdictions based on our estimate of whether, and to the extent to which,
additional taxes will be due. If we ultimately determine that payment of these
amounts is unnecessary, we will reverse the liability and recognize a tax
benefit during the period in which we determine that the liability is no longer
necessary. We will record an additional charge in our provision for taxes in the
period in which we determine that the recorded tax liability is less than we
expect the ultimate assessment to be.
 
 ASC 740
which requires recognition of estimated income taxes payable or refundable on
income tax returns for the current year and for the estimated future tax effect
attributable to temporary differences and carry-forwards. Measurement of
deferred income tax is based on enacted tax laws including tax rates, with the
measurement of deferred income tax assets being reduced by available tax
benefits not expected to be realized
  Recent
Accounting Pronouncements
  In
January 2010, the FASB issued an amendment to ASC 820, Fair Value Measurements
and Disclosure, to require reporting entities to separately disclose the amounts
and business rationale for significant transfers in and out of Level 1 and Level
2 fair value measurements and separately present information regarding purchase,
sale, issuance, and settlement of Level 3 fair value measures on a gross basis.
This standard, for which the Company is currently assessing the impact, is
effective for interim and annual reporting periods beginning after December 15,
2009 with the exception of disclosures regarding the purchase, sale, issuance,
and settlement of Level 3 fair value measures which are effective for fiscal
years beginning after December 15, 2010.
  In
January 2010, the FASB issued an amendment to ASC 505, Equity, where entities
that declare dividends to shareholders that may be paid in cash or shares at the
election of the shareholders are considered to be a share issuance that is
reflected prospectively in EPS, and is not accounted for as a stock dividend.
This standard is effective for interim and annual periods ending on or after
December 15, 2009 and is to be applied on a retrospective basis. The adoption of
this standard is not expected to have a significant impact on the Company’s
financial statements.
  Management
does not anticipate that the adoption of these standards will have a material
impact on the financial statements.
  41
  RAVENWOOD
BOURNE, LTD.
 NOTES TO
FINANCIAL STATEMENTS
 October
31, 2010
  1.
Income Taxes:
  We have
adopted ASC 740 which provides for the recognition of a deferred tax asset based
upon the value the loss carry-forwards will have to reduce future income taxes
and management's estimate of the probability of the realization of these tax
benefits. Our net operating loss carryovers incurred prior to 2005 considered
available to reduce future income taxes were reduced or eliminated through our
recent  change of control (I.R.C. Section 382(a)) and the continuity
of business limitation of I.R.C. Section 382(c).
 
 We have a
current operating loss carry-forward of $ 24,000 resulting in deferred tax
assets of $4,000. We have determined it more likely than not that these timing
differences will not materialize and have provided a valuation allowance against
substantially all our net deferred tax asset.
 
 Future
utilization of currently generated federal and state NOL and tax credit carry
forwards may be subject to a substantial annual limitation due to the ownership
change limitations provided by the Internal Revenue Code of 1986, as amended and
similar state provisions. The annual limitation may result in the expiration of
NOL and tax credit carry forwards before full utilization.
 
 The
Company is not under examination by any jurisdiction for any tax year. At
October 31, 2010 and 2009, the Company had no material unrecognized tax benefits
and no adjustments to liabilities or operations were required under
FIN 48.
 
 2.
Commitments:
 
 The
Company is not a party to any leases and does not have any
commitments
  3. Stockholders' Equity:
  Reverse
Stock Split
 On August
27, 2008we
declared a reverse split of our common stock.The formula provided
that every seventy-five (75) issued and outstanding shares of common stock of
the Corporation be automatically split into 1 share of common stock. Any
resulting share ownership interest of fractional shares was rounded up to the
first whole integer in such a manner that all rounding was done to the next
single share and each and every shareholder would own at least 1 share. The
reverse stock split was effective September 30, 2008 for holders of record at
September 30, 2008. Except as otherwise noted, all share, option and warrant
numbers have been restated to give retroactive effect to this reverse split. All
per share disclosures retroactively reflect shares outstanding or issuable as
though the reverse split had occurred October 31, 2006.
 
 Common
Stock
 We are
currently authorized to issue up to 300,000,000 shares of $ 0.001 par value
common stock. All issued shares of common stock are entitled to vote on a 1
share/1 vote basis.
 
 On March
31, 2010 we issued 12,000,000 shares of our common stock to Bedrock Ventures,
Inc. Under the terms of this transaction we received $275,000 for the shares we
issued. On April 1, 2010 we repurchased a total of 11,200,000 shares of our
common stock from two of our shareholders for a total cash payment of $275,000.
We repurchased 10,000,000 shares from Corporate Services International, Inc. and
we repurchased 1,200,000 shares from Century Capital Partners, LLC.
  42
  Preferred
Stock
 We are
currently authorized to issue up to 10,000,000 shares of $ 0.001 preferred
stock. On August 26, 2008 the board of directors approved (with the exception of
1,000,000 preferred shares issued to CSIPS described below) the cancellation of
all previously issued preferred shares and approved the cancellation and
extinguishment of all common and preferred share conversion rights of any kind,
including without limitation, warrants, options, convertible debt instruments
and convertible preferred stock of every series and accompanying conversion
rights of any kind.
 
 On August
27, 2008 we designated 1,000,000 shares of Series “B” preferred stock. The
Series B allows voting rights in a ratio of 10:1 over the common. Each share of
the Series B is convertible in to 10 shares of common at the discretion of the
holder. On August 27, 2008 Corporate Services International agreed to contribute
a total of $20,000 as paid in capital in exchange for 1,000,000 shares of the
Series B preferred stock.  Corporate Services International is a
private company in which our director, Michael Anthony, is a controlling
shareholder.  The company is to use these funds to pay the costs and
expenses necessary to revive business operations.  Such expenses
include fees to reinstate the corporate charter; payment of all past due
franchise taxes; settling all past due accounts with the transfer agent;
accounting and legal fees; costs associated with bringing current its filings
with the Securities and Exchange Commission, etc. In November, 2008 the full
subscription of $20,000 was received. On January 19, 2009, Corporate Services
International converted the Series B Preferred Stock into 10,000,000 shares of
common stock.
  There are
no employee or non-employee options grants.
 
 4.
Related Party Transactions not Disclosed Elsewhere:
 
 Due Related Parties:Amounts
due related parties consist of corporate reinstatement expenses paid by
affiliates prior to the establishment of a bank account. Such items totaled $0
and $21,659 at October 31, 2010 and 2009 respectively.
 
 Fair value of services:The
principal stockholder provided, without cost to the Company, his services,
valued at $1,800 per month which totaled $21,600 respectively for the years 2010
and 2009. The principal stockholder also provided, without cost to the
Company, office space valued at $200 per month, which totaled $2,400 for the
twelve-month periods ended October 31, 2010 and 2009. The total of these
expenses of $24,000 and was reflected in the statement of operations for each
year presented as general and administrative expenses with a corresponding
contribution of paid-in capital.
 
 Legal
services provided to the company by Laura Anthony through Legal &
Compliance, LLC (Michael Anthony’s spouse) were valued at $10,000 and of which
$5,000 was unpaid at October 31, 2009. In 2010 all related party obligations
were forgiven. Such transactions are deemed a capital contribution.
 
 5.
Subsequent Events:
 
 Effective
December 31, 2010, stockholders holding at least 98% of the outstanding voting
stock elected Fotis Georgiadis as the sole director.
  43
  ITEM 9.
CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL
DISCLOSURE
  In its
two most recent fiscal years or any later interim period, the Company has had no
disagreements with its independent accountants.
  ITEM
9A(T).  CONTROLS AND PROCEDURES
  EVALUATION
OF DISCLOSURE CONTROLS AND PROCEDURES
  It is the
responsibility of the chief executive officer and chief financial officer of
Ravenwood Bourne, Ltd. to establish and maintain a system for internal controls
over financial reporting such that Ravenwood Bourne, Ltd. properly reports and
files all matters required to be disclosed by the Securities Exchange Act of
1934 (the "Exchange Act"). Michael Anthony is the Company's chief executive
officer and chief financial officer. The Company's system is designed so that
information is retained by the Company and relayed to counsel as and when it
becomes available. As the Company is a shell company with no or nominal business
operations, Mr. Anthony immediately becomes aware of matters that would require
disclosure under the Exchange Act. After conducting an evaluation of the
effectiveness of the design and operation of the Company's disclosure controls
and procedures as of October 31, 2009, he has concluded that the Company's
disclosure controls and procedures were effective to ensure that information
required to be disclosed by it in its reports filed or submitted under the
Exchange Act is recorded, processed summarized and reported within the time
periods specified in the rules and forms of the Securities and Exchange
Commission (the "SEC").
  This
annual report does not include an attestation report of the Company's registered
public accounting firm regarding internal control over financial reporting.
Management's report was not subject to attestation by the Company's registered
public accounting firm pursuant to temporary rules of the Securities and
Exchange Commission that permit the Company to provide only management's report
in this quarterly report.
  There
were no significant changes in the Company's internal controls or in other
factors that could significantly affect these controls subsequent to that
evaluation, and there were no significant deficiencies or material weaknesses in
such controls requiring corrective actions.
  44
  Evaluation of and Report on
Internal Control over Financial Reporting
  The
management of the Registrant is responsible for establishing and maintaining
adequate internal control over financial reporting. Internal control over
financial reporting is defined in Rule 13a-15(f) or 15d-15(f) promulgated under
the Securities Exchange Act of 1934 as a process designed by, or under the
supervision of, the company's principal executive and principal financial
officers and effected by the company's board of directors, management and other
personnel, to provide reasonable assurance regarding the reliability of
financial reporting and the preparation of financial statements for external
purposes in accordance with accounting principles generally accepted in the
United States of America and includes those policies and procedures
that:
  - 
    Pertain to the maintenance of records that in reasonable
detail accurately and fairly reflect the transactions and dispositions of the
assets of the company;
  -    
 Provide reasonable assurance that transactions are recorded as necessary
to permit preparation of financial statements in accordance with accounting
principles generally accepted in the United States of America and that receipts
and expenditures of the company are being made only in accordance with
authorizations of management and directors of the company; and
  -   
  Provide reasonable assurance regarding prevention or timely detection of
unauthorized acquisition, use or disposition of the company's assets that could
have a material effect on the financial statements.
  Because
of its inherent limitations, internal control over financial reporting may not
prevent or detect misstatements. Projections of any evaluation of effectiveness
to future periods are subject to the risk that controls may become inadequate
because of changes in conditions, or that the degree of compliance with the
policies or procedures may deteriorate. All internal control systems, no matter
how well designed, have inherent limitations. Therefore, even those systems
determined to be effective can provide only reasonable assurance with respect to
financial statement preparation and presentation. Because of the inherent
limitations of internal control, there is a risk that material misstatements may
not be prevented or detected on a timely basis by internal control over
financial reporting. However, these inherent limitations are known features of
the financial reporting process. Therefore, it is possible to design into the
process safeguards to reduce, though not eliminate, this risk.
  45
  Management
assessed the effectiveness of the Company's internal control over financial
reporting as of October 31, 2009. In making this assessment, management used the
criteria set forth by the Committee of Sponsoring Organizations of the Treadway
Commission in Internal Control-Integrated Framework.
  Based on
its assessment, management concluded that, as of October 31, 2009, the Company's
internal control over financial reporting is effective based on those
criteria.
  This
quarterly report does not include an attestation report of the Company's
registered accounting firm regarding internal control over financial reporting.
Management's report is not subject to attestation by the Company's registered
public accounting firm pursuant to temporary rules of the Securities and
Exchange Commission that permit the Company to provide only management's report
in this annual report.
  Changes
in Internal Control over Financial Reporting
  There was
no change in our internal controls over financial reporting identified in
connection with the requisite evaluation that occurred during our last fiscal
year that has materially affected, or is reasonably likely to materially affect,
our internal control over financial reporting.
 
 ITEM
9B.  OTHER INFORMATION
  None.
  46
  PART
III
  ITEM 10.
DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE
  The
following table sets forth the name, age and position held with respect to our
present directors and executive officers:
  EXECUTIVE OFFICERNAME
              
              AGE
              
              POSITION
              
              AND DIRECTOR SINCEFotis
      Georgiadis
              
              36
              
              Chief
      Executive Officer,
              
              December
      31, 2010President,
      Secretary,Treasurer,
      Director
  Our
directors are elected to serve until the next annual meeting of shareholders and
until their respective successors will have been elected and will have
qualified. Officers are not elected for a fixed term of office but hold office
until their successors have been elected. Mr. Georgiadis is not a party to any
arrangement or understanding pursuant to which he was or is to be elected as a
director.
  For the
past five years Mr. Georgiadis has owned and operated Bedrock Ventures, Inc, a
consulting firm that provides corporate strategy. In that time frame Bedrock has
worked in coordination with companies in the entertainment, technology, and
restaurant industries, assisting them in expansion and the streamlining of
operations. Mr. Georgiadis is the sole officer, director and shareholder of
Bedrock.
  SECTION
16(a) BENEFICIAL OWNERSHIP REPORTING COMPLIANCE
  Section
16(a) of the Securities Exchange Act of 1934, as amended, requires the
registrant's officers and directors, and persons who own more than 10% of a
registered class of the registrant's equity securities, to file reports of
ownership and changes in ownership of equity securities of the Registrant with
the Securities and Exchange Commission. Officers, directors and greater-than 10%
shareholders are required by the Securities and Exchange Commission regulation
to furnish the registrant with copies of all Section 16(a) forms that they file.
Based solely on a review of Forms 3 and 4 and amendments thereto filed with the
Commission during the fiscal year end October 31, 2009, all Section 16(a) forms
were filed.
  47
  CODE OF
ETHICS
  Ravenwood
Bourne has not adopted a code of ethics. Ravenwood Bourne is a shell company
with one officer and director and no employees. The primary functions of a code
of ethics include internal reporting and adherence to the code, compliance with
government rules and regulations including the reporting requirements under the
Exchange Act and the honest and ethical handling of actual or apparent conflicts
of interest. As a shell company, with one officer and director, the functions of
the code of ethics are properly met without the need of a formal
document.
  ITEM 11.
EXECUTIVE COMPENSATION
  No
executive compensation was paid during the fiscal period ended October 31, 2010
or 2009 by Ravenwood Bourne. Ravenwood Bourne has no employment agreement with
any of its officers and directors. Ravenwood Bourne has no employees and no
compensation committee.
  There
were no option grants during the year ended October 31, 2010.
  Ravenwood
Bourne's directors are not compensated for their services as directors of the
Company.
  EMPLOYMENT
CONTRACTS
  We do not
have an employment contract with any executive officers. Any obligation to
provide any compensation to any executive officer in the event of his
resignation, retirement or termination, or a change in control of the Company,
or a change in any named Executive Officers' responsibilities following a change
in control would be negotiated at the time of the event.
  48
  We may in
the future create retirement, pension, profit sharing and medical reimbursement
plans covering our Executive Officers and Directors.
  The
company has made no Long Term Compensation payouts (LTIP or
other)
  ITEM 12.
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED
STOCKHOLDER MATTERS
  Ravenwood
Bourne does not have an equity compensation plan.
  The
following table sets forth, as of December 31, 2010 the number and percentage of
outstanding shares of common and preferred stock which, according to the
information supplied to the Company, were beneficially owned by (i) each current
director of the Company, (ii) each current executive officer of the Company,
(iii) all current directors and executive officers of the Company as a group,
and (iv) each person who, to the knowledge of the Company, is the beneficial
owner of more than 5% of the Company's outstanding capital
stock.  Except as otherwise indicated, the persons named in the table
below have sole voting and dispositive power with respect to all shares
beneficially owned, subject to community property laws (where
applicable).
  Owner
                      
                      Common Shares
                      
                      Percentage (1)Fotis
      Georgiadis(2)
                      
                      12,000,000
                      
                      99%Officers
      and directors
                      
                      12,000,000
                      
                      99%
      as a group (1
persons)
  5%
shareholders:
  None
  Bedrock
      Ventures, Inc.(2)
                    
                    12,000,000
                    
                    99%
  49
  (1) Based
on 12,162,040 shares of common stock outstanding as of December 31,
2010.
  (2)
12,000,000 Common Shares are held by Bedrock Ventures, Inc., a corporation of
which Mr. Georgiadis is the sole stockholder, director and
officer.
  ITEM 13.
CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS
  During
the last three years, to the knowledge of the Company, there was no person who
had or has a direct or indirect material interest in any transaction or proposed
transaction to which the Company was or is a party. Transactions in this context
relate to any transaction which exceeds $120,000 or one percent of the average
of the Company's total assets at year end for the last three completed fiscal
years.
  Laura
Anthony, Esquire is corporate and securities counsel to the Company. Laura
Anthony is Michael Anthony's wife. Ms. Anthony's total legal fees for the year
ending October 31, 2008 totaled $10,000 and for the year ending October 31, 2009
were $10,000. Michael Anthony was our former officer during our past fiscal year
ended October 31, 2010.  He was replaced in April
2010.
  Ravenwood
Bourne does not have any outside directors.
  ITEM
14.  PRINCIPAL ACCOUNTING FEES AND SERVICES.
  50
  AUDIT
FEES
  The
Company was billed a total of $4,450 for 2010 and $4,450 for the fiscal
year ended October 31, 2009 for professional services rendered by the principal
accountant for the audit of the Company's annual financial statements, the
review of our quarterly financial statements, and other services performed in
connection with our statutory and regulatory filings. These services also
included updating the audits for our annual report.
  AUDIT
RELATED FEES
  There were $4,000in audit related fees for
the fiscal years ended October 31, 2010 and 2009. Audit related fees
include fees for assurance and related services rendered by the principal
accountant related to the audit or review of our financial statements, not
included in the foregoing paragraph.
  TAX
FEES
  There were no tax fees for the fiscal year ended October
31, 2010. Tax fees include fees for professional services rendered
by the principal accountant for tax compliance, tax advice and tax
planning.
  ALL OTHER
FEES
  There
were no other professional services rendered by our principal accountant during
the last two fiscal years that were not included in the above
paragraphs.
  The
Company's Board of Directors reviews and approves audit and permissible
non-audit services performed by its independent accountants, as well as the fees
charged for such services. In its review of non-audit service fees and its
appointment of Michael F. Cronin, CPA as the Company's independent accountants,
the Board of Directors considered whether the provision of such services is
compatible with maintaining independence.
   51
  PART
IV
  ITEM 15.
EXHIBITS, FINANCIAL STATEMENT SCHEDULES AND REPORTS ON FORM 8-K
  The
Company's financial statements for the fiscal years ended October 31, 2009 and
2010 appear in this Report on pages 34 - 43.
  EXHIBITSNUMBER
                                            
                                            DESCRIPTION3.1.1
                                            
                                            Certificate
      of Incorporation dated May 14, 1987(1)3.1.2
                                            
                                            Articles
      of Amendment dated June 30, 1998(1)3.1.3
                                            
                                            Articles
      of Amendment dated November 12, 1998(1)3.1.4
                                            
                                            Articles
      of Amendment dated June 22, 2006(1)3.1.5
                                            
                                            Certificate
      of Incorporation of Delaware entity dated October 11,
    2007(1)3.1.6
                                            
                                            Articles
      of Amendment dated October 18, 2007(1)3.1.7
                                            
                                            Certificate
      of Amendment dated August 27, 2008(1)
  52
  2.1.1
              
              Agreement
      and Plan of Merger dated December 5, 2007(1)2.1.2
              
              Certificate
      of Merger - Delaware - dated December 5, 2007(1)2.1.3
              
              Articles
      of Merger - Florida - dated December 7, 2007(1)3.2.1
              
              Florida
      Amended and Restated By-Laws(1)3.2.2
              
              Delaware
      Amended and Restated By-Laws(1)10.1
              
              Stock
      Purchase Agreement dated March 31, 2010 by and between the Company and
      Bedrock Ventures, Inc. (2)10.2
              
              Repurchase
      Agreement dated April 1, 2010 by and among the Company and CENTURY CAPITAL
      PARTNERS, LLC, and, CORPORATE SERVICES INTERNATIONAL, INC.
    (2)31.1
              
              Certification
      of the Chief Executive Officer and Chief Financial Officer pursuant to
      Section 302 of the Sarbanes-Oxley Act of 2002*32.1
              
              Certification
      of the Chief Executive Officer and Chief Financial Officer pursuant to
      Section 906 of the Sarbanes Oxley Act of
2002*  (1)           Previously
filed with the Company's Form 10 filed on November 12, 2008
  (2)           Previously
filed with the Company's Form 8-K filed on April 6, 2010
  REPORTS
ON 8-K
  None
  53
  SIGNATURES
  In
accordance with Section 13 or 15(d) of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
  Date:  January
      26, 2011
              RAVENWOOD
      BOURNE, Ltd.
  By:
      /s/ Fotis GeorgiadisName:
      Fotis GeorgiadisTitle:
      Chief Executive Officer
  54