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REGISTERED NUMBER: 00890632 (England and Wales)










Unaudited Financial Statements

for the Year Ended 30 September 2023

for

RIDGLEY (RAMSEY) LIMITED

RIDGLEY (RAMSEY) LIMITED (Registered number: 00890632)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RIDGLEY (RAMSEY) LIMITED

Company Information
for the Year Ended 30 September 2023







DIRECTORS: Lady L M Batho
Sir P G Batho
Mr R G Batho





SECRETARY: Sir P G Batho





REGISTERED OFFICE: 5 Church Street
Framlingham
Woodbridge
Suffolk
IP13 9BQ





REGISTERED NUMBER: 00890632 (England and Wales)





ACCOUNTANTS: Turner & Ellerby
Chartered Certified Accountants
5 Church Street
Framlingham
Woodbridge
Suffolk
IP13 9BQ

RIDGLEY (RAMSEY) LIMITED (Registered number: 00890632)

Balance Sheet
30 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 189,278 179,910
Investment property 5 132,000 132,000
321,278 311,910

CURRENT ASSETS
Cash at bank 9,980 8,790

CREDITORS
Amounts falling due within one year 6 1,769 2,516
NET CURRENT ASSETS 8,211 6,274
TOTAL ASSETS LESS CURRENT
LIABILITIES

329,489

318,184

PROVISIONS FOR LIABILITIES 7 11,189 11,189
NET ASSETS 318,300 306,995

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 8 318,200 306,895
SHAREHOLDERS' FUNDS 318,300 306,995

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

RIDGLEY (RAMSEY) LIMITED (Registered number: 00890632)

Balance Sheet - continued
30 September 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 Income Statement 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:




Sir P G Batho - Director



Lady L M Batho - Director


RIDGLEY (RAMSEY) LIMITED (Registered number: 00890632)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

RIDGLEY (RAMSEY) LIMITED is a private company, limited by shares , 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 October 2022 179,910
Additions 4,335
Revaluations 5,033
At 30 September 2023 189,278
NET BOOK VALUE
At 30 September 2023 189,278
At 30 September 2022 179,910

RIDGLEY (RAMSEY) LIMITED (Registered number: 00890632)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

4. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 30 September 2023 is represented by:

Other
investments
£   
Valuation in 2023 1,134
Cost 188,144
189,278

If fixed asset investments had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 183,809 183,809

Fixed asset investments were valued on an open market basis on 30 September 2023 by i-Dealing.com Limited .

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2022
and 30 September 2023 132,000
NET BOOK VALUE
At 30 September 2023 132,000
At 30 September 2022 132,000

Freehold property relates to 5/7 Wilmington Parade, Brighton acquired by the company in the year ended 30 September 1996.

Fair value at 30 September 2023 is represented by:
£   
Valuation in 2023 91,413
Cost 40,587
132,000

If investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 40,587 40,587

Investment property was valued on an open market basis on 30 September 2023 by the directors .

RIDGLEY (RAMSEY) LIMITED (Registered number: 00890632)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

5. INVESTMENT PROPERTY - continued

For the year ended 30th September 2023 the directors' reviewed the valuation of the investment property on an open market basis and were of the opinion that no adjustment was needed to the carrying value of £132,000.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax 1,369 2,116
Accrued expenses 400 400
1,769 2,516

7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 11,189 11,189

Deferred
tax
£   
Balance at 1 October 2022 11,189
Balance at 30 September 2023 11,189

8. RESERVES

The Profit and Loss reserve includes £94,562 (2022: £94,562) of unrealised gains on the revaluation of investment property and other financial investments.