Caseware UK (AP4) 2022.0.179 2022.0.179 2023-04-302023-04-302022-05-01falseproperty investment company11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10374938 2022-05-01 2023-04-30 10374938 2021-05-01 2022-04-30 10374938 2023-04-30 10374938 2022-04-30 10374938 c:Director1 2022-05-01 2023-04-30 10374938 d:FurnitureFittings 2022-05-01 2023-04-30 10374938 d:FurnitureFittings 2023-04-30 10374938 d:FurnitureFittings 2022-04-30 10374938 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-05-01 2023-04-30 10374938 d:FreeholdInvestmentProperty 2023-04-30 10374938 d:FreeholdInvestmentProperty 2022-04-30 10374938 d:CurrentFinancialInstruments 2023-04-30 10374938 d:CurrentFinancialInstruments 2022-04-30 10374938 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 10374938 d:CurrentFinancialInstruments d:WithinOneYear 2022-04-30 10374938 d:ShareCapital 2023-04-30 10374938 d:ShareCapital 2022-04-30 10374938 d:RetainedEarningsAccumulatedLosses 2023-04-30 10374938 d:RetainedEarningsAccumulatedLosses 2022-04-30 10374938 c:FRS102 2022-05-01 2023-04-30 10374938 c:AuditExempt-NoAccountantsReport 2022-05-01 2023-04-30 10374938 c:FullAccounts 2022-05-01 2023-04-30 10374938 c:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 10374938 2 2022-05-01 2023-04-30 10374938 d:AcceleratedTaxDepreciationDeferredTax 2023-04-30 10374938 d:AcceleratedTaxDepreciationDeferredTax 2022-04-30 iso4217:GBP xbrli:pure

Registered number: 10374938










RIDGEWOOD PROPERTY INVESTMENTS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

 
RIDGEWOOD PROPERTY INVESTMENTS LIMITED
REGISTERED NUMBER: 10374938

BALANCE SHEET
AS AT 30 APRIL 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
13,171
-

Investment property
 5 
1,458,704
1,458,704

  
1,471,875
1,458,704

Current assets
  

Debtors: amounts falling due within one year
 6 
218,211
286,143

Cash at bank and in hand
  
525,695
398,287

  
743,906
684,430

Creditors: amounts falling due within one year
 7 
(30,754)
(24,156)

Net current assets
  
 
 
713,152
 
 
660,274

Total assets less current liabilities
  
2,185,027
2,118,978

Provisions for liabilities
  

Deferred tax
  
(3,293)
-

Net assets
  
2,181,734
2,118,978


Capital and reserves
  

Called up share capital 
  
1,740,000
1,740,000

Profit and loss account
  
441,734
378,978

  
2,181,734
2,118,978


Page 1

 
RIDGEWOOD PROPERTY INVESTMENTS LIMITED
REGISTERED NUMBER: 10374938
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2023

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

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

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

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 6 November 2023.




S Seaman
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
RIDGEWOOD PROPERTY INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

1.


General information

Ridgewood Property Investments Limited is a private Company limited by shares, registered in England and Wales (registered number 10374938). Its registered office is Cromleigh House, Brookside Way, Huthwaite, Sutton-In-Ashfield, England, NG17 2NL. The principal activity of the Company is that of a property investment company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The company's functional and presentation currency is pounds sterling.

The following principal accounting policies have been applied:

 
2.2

Revenue

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

Rents receivable
Revenue from rents receivable is recognised on a straight line basis over the term of the lease.

 
2.3

Interest income

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

 
2.4

Current and deferred taxation

Tax is recognised in the Statement of Income and Retained Earnings.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Page 3

 
RIDGEWOOD PROPERTY INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

2.Accounting policies (continued)

 
2.5

Tangible fixed assets

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

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25%
Straight line

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

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

 
2.6

Investment property

Investment property is carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.7

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as bank and cash balances, trade and other accounts receivable and payable, and loans to and from related parties.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the transaction prices and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).

Page 4

 
RIDGEWOOD PROPERTY INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


Additions
14,644



At 30 April 2023

14,644



Depreciation


Charge for the year on owned assets
1,473



At 30 April 2023

1,473



Net book value



At 30 April 2023
13,171



At 30 April 2022
-


5.


Investment property


Freehold investment property

£



Valuation


At 1 May 2022
1,458,704



At 30 April 2023
1,458,704

The 2023 valuations were made by the director, on an open market value for existing use basis.




Page 5

 
RIDGEWOOD PROPERTY INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

6.


Debtors

2023
2022
£
£


Trade debtors
18,454
2,700

Other debtors
193,751
260,618

Prepayments and accrued income
6,006
22,825

218,211
286,143



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
12,225
17,260

Other taxation and social security
3,541
2,161

Accruals and deferred income
14,988
4,735

30,754
24,156



8.


Deferred taxation




2023


£






Charged to profit or loss
3,293



At end of year
3,293

The deferred taxation balance is made up as follows:

2023
2022
£
£


Accelerated capital allowances
3,293
-

3,293
-

 
Page 6