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REGISTERED NUMBER: 00424912 (England and Wales)











RIDLEY ESTATES

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






RIDLEY ESTATES (REGISTERED NUMBER: 00424912)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2023




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4

Chartered accountants' report 7

RIDLEY ESTATES

COMPANY INFORMATION
for the year ended 31 March 2023







DIRECTORS: N R Robinson
Mrs C S Pye
Mrs S J Vernon





SECRETARY: N R Robinson





REGISTERED OFFICE: Lygon House
50 London Road
Bromley
Kent
BR1 3RA





REGISTERED NUMBER: 00424912 (England and Wales)





ACCOUNTANTS: Berringers LLP
Chartered Accountants
Lygon House
50 London Road
Bromley
Kent
BR1 3RA

RIDLEY ESTATES (REGISTERED NUMBER: 00424912)

BALANCE SHEET
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 195,000 195,000
Investments 5 604,667 773,285
799,667 968,285

CURRENT ASSETS
Debtors 6 73,664 46,799
Cash at bank 8,629 21,997
82,293 68,796
CREDITORS
Amounts falling due within one year 7 29,355 29,388
NET CURRENT ASSETS 52,938 39,408
TOTAL ASSETS LESS CURRENT
LIABILITIES

852,605

1,007,693

CAPITAL AND RESERVES
Called up share capital 10,010 11,000
Retained earnings 842,595 996,693
SHAREHOLDERS' FUNDS 852,605 1,007,693

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

RIDLEY ESTATES (REGISTERED NUMBER: 00424912)

BALANCE SHEET - continued
31 March 2023


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

In accordance with Section 444 of the Companies Act 2006, the Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 November 2023 and were signed on its behalf by:





N R Robinson - Director


RIDLEY ESTATES (REGISTERED NUMBER: 00424912)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2023

1. STATUTORY INFORMATION

Ridley Estates is a private company , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is represented by rental income and dividend income received.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Investment property - not provided

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Investment and
property fittings Totals
£    £    £   
COST OR VALUATION
At 1 April 2022
and 31 March 2023 195,000 936 195,936
DEPRECIATION
At 1 April 2022
and 31 March 2023 - 936 936
NET BOOK VALUE
At 31 March 2023 195,000 - 195,000
At 31 March 2022 195,000 - 195,000

RIDLEY ESTATES (REGISTERED NUMBER: 00424912)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2023

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 March 2023 is represented by:

Fixtures
Investment and
property fittings Totals
£    £    £   
Valuation in 2022 119,674 - 119,674
Cost 75,326 936 76,262
195,000 936 195,936

The directors have reviewed the fair value of the property when preparing the accounts and do not consider it to be materially different to the carrying amount.

5. FIXED ASSET INVESTMENTS
Listed
investments
£   
COST OR VALUATION
At 1 April 2022 773,285
Additions 108,490
Disposals (247,848 )
Revaluations (29,260 )
At 31 March 2023 604,667
NET BOOK VALUE
At 31 March 2023 604,667
At 31 March 2022 773,285

Cost or valuation at 31 March 2023 is represented by:

Listed
investments
£   
Valuation in 2023 130,228
Cost 474,439
604,667

6. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other debtors 73,664 46,799

RIDLEY ESTATES (REGISTERED NUMBER: 00424912)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 2,968 3,001
Other creditors 26,387 26,387
29,355 29,388

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
RIDLEY ESTATES

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance sheet. Readers are cautioned that the Income statement and certain other primary statements and the Report of the directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ridley Estates for the year ended 31 March 2023 which comprise the Statement of income and retained earnings, Balance sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Ridley Estates, as a body, in accordance with the terms of our engagement letter dated 4 August 2020. Our work has been undertaken solely to prepare for your approval the financial statements of Ridley Estates and state those matters that we have agreed to state to the Board of Directors of Ridley Estates, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ridley Estates and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Ridley Estates has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Ridley Estates. You consider that Ridley Estates is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Ridley Estates. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Berringers LLP
Chartered Accountants
Lygon House
50 London Road
Bromley
Kent
BR1 3RA


15 November 2023